<SEC-DOCUMENT>0001133228-25-011469.txt : 20251030
<SEC-HEADER>0001133228-25-011469.hdr.sgml : 20251030
<ACCEPTANCE-DATETIME>20251030070407
ACCESSION NUMBER:		0001133228-25-011469
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20250831
FILED AS OF DATE:		20251030
DATE AS OF CHANGE:		20251030
EFFECTIVENESS DATE:		20251030

FILER:

	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:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04985
		FILM NUMBER:		251432157

	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>N-CSR
<SEQUENCE>1
<FILENAME>temf-efp18155_ncsr.htm
<DESCRIPTION>TEMPLETON EMERGING MARKETS FUND - N-CSR
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 10pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">UNITED STATES</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>FORM N-CSR</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">CERTIFIED SHAREHOLDER REPORT OF
REGISTERED</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">MANAGEMENT INVESTMENT COMPANIES</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">Investment Company Act file number
<B>811-04985</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>Templeton Emerging Markets
Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">Exact name of registrant as specified
in charter)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>300 S.E. 2nd Street, Fort Lauderdale,
FL 33301-1923</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">(Address of principal executive
offices) (Zip code)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">Alison Baur</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">Franklin Templeton</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">One Franklin Parkway,</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">San Mateo, CA 94403-1906</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">(Name and address of agent for
service)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">Registrant&rsquo;s telephone number,
including area code: (<B>954) 527-7500</B>&#9;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">Date of fiscal year end: <B>August
31</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">Date of reporting period: <B>August
31, 2025</B></P>

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    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 1.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">REPORT TO STOCKHOLDERS.</TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-indent: 50pt">(a) The Report to Shareholders is filed herewith</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-indent: 50pt">&nbsp;</P>

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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAfIAAAA8CAYAAACdBDigAAAACXBIWXMAABcRAAAXEQHKJvM/AAABJUlEQVR4Xu3YsQ0DMQwEQb3xhblnF+Dk+3ApdAlKtcBMfPmCvGZmAQBNr90AADjX/Xl+790IADjTvdb67kYAwJm81gEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASBMyAEgTMgBIEzIASDsmpndBgA4lIscAML++PYJyv3VRfUAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:29.00px;left:0px;position:absolute;top:0px;transform:translate(72.359px,97.820px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:239.04px">

<div style="width:4780.8px;height:540px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="color:#004a98;font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;text-transform:uppercase;position:absolute;top:170.44px;left:288px;letter-spacing:-0.4px;white-space:nowrap">Annual
</div>

<div style="color:#004a98;font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;text-transform:uppercase;position:absolute;top:170.44px;left:1022.77px;white-space:nowrap">Report</div></div>
</div>

<div style="height:248.39px;left:0px;position:absolute;top:0px;transform:translate(100.319px,139.611px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:334.92px">

<div style="width:6698.4px;height:4676.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,13.57px) rotate(0deg) scale(0.05)">

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:525px;font-weight:bold;text-transform:uppercase;position:absolute;top:-88.3px;left:0px;letter-spacing:-0.93px;white-space:nowrap">Templeton
</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:525px;font-weight:bold;text-transform:uppercase;position:absolute;top:-88.3px;left:3478.54px;white-space:nowrap">Emerging
</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:525px;font-weight:bold;text-transform:uppercase;position:absolute;top:611.7px;left:0px;white-space:nowrap">Markets
</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:525px;font-weight:bold;text-transform:uppercase;position:absolute;top:611.7px;left:2825.63px;white-space:nowrap">Fund</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:2020.23px;left:0px;white-space:nowrap">August
</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:2020.23px;left:746.04px;white-space:nowrap">31,
</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:2020.23px;left:1113px;white-space:nowrap">2025</div></div>
</div>

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</div>

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAg4AAAApCAYAAABdjaGeAAAACXBIWXMAABcRAAAXEQHKJvM/AAAA40lEQVR4Xu3WsWEDMQDEsFPiwb1aJpOr1M/eQM0BeO69AwAozjbnAAAkr227956nEAD4buec+/MUAQD8Mw4AQGYcAIDMOAAAmXEAADLjAABkxgEAyIwDAJAZBwAgMw4AQGYcAIDMOAAAmXEAADLjAABkxgEAyIwDAJAZBwAgMw4AQGYcAIDMOAAAmXEAADLjAABkxgEAyIwDAJAZBwAgMw4AQGYcAIDMOAAAmXEAADLjAABkxgEAyIwDAJAZBwAgMw4AQGYcAIDstW3nnPdDBwCw323nKQIA2PZ37r1PEQDAtu0DMooMkyPnyacAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:19.50px;left:0px;position:absolute;top:0px;transform:translate(308.989px,734.620px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:252.50px">

<div style="width:5030px;height:350px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0.5px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:291.12px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:609.87px;white-space:nowrap">FDIC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:1038px;white-space:nowrap">Insured
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:1812.8px;white-space:nowrap">No
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:2076.96px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:2523.54px;white-space:nowrap">Guarantee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:3517.2px;white-space:nowrap">May
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:3881.85px;white-space:nowrap">Lose
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:4310.26px;letter-spacing:-1.8px;white-space:nowrap">Value</div></div>
</div>

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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:522.00px">

<div style="width:10440px;height:9230.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.95px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:0px;white-space:nowrap">Managed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:830.13px;white-space:nowrap">Distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:1890px;white-space:nowrap">Policy</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2420.24px;white-space:nowrap">:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2520.26px;text-rendering:optimizeLegibility;white-space:nowrap">Effective
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3256.7px;white-space:nowrap">March
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3806.81px;white-space:nowrap">1,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4006.93px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4507.38px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4807.62px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5267.9px;white-space:nowrap">has
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5608.13px;white-space:nowrap">implemented
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6688.65px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6838.77px;white-space:nowrap">managed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7639.37px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8559.84px;white-space:nowrap">plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8950.17px;white-space:nowrap">whereby
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9680.54px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:0px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:460.28px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:760.25px;white-space:nowrap">distribute
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:1540.63px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:1690.75px;white-space:nowrap">level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:2110.96px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:3031.44px;white-space:nowrap">amount
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:3681.83px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:3881.95px;white-space:nowrap">shareholders.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:5019.35px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:5379.52px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:5839.8px;white-space:nowrap">intends
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:6470.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:6670.37px;white-space:nowrap">make
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:7160.54px;white-space:nowrap">quarterly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:7910.86px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:8921.34px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:9121.46px;white-space:nowrap">shareholders
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:0px;white-space:nowrap">at </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:200.13px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:500.36px;text-rendering:optimizeLegibility;white-space:nowrap">fixed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:930.59px;white-space:nowrap">rate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:1290.76px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:1490.89px;white-space:nowrap">$0.22
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:1991.34px;white-space:nowrap">per
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:2301.5px;white-space:nowrap">share.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:2851.79px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:3952.44px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:4252.41px;white-space:nowrap">generally
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:5032.88px;white-space:nowrap">distribute
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:5813.26px;white-space:nowrap">amounts
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:6553.65px;white-space:nowrap">necessary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:7424.03px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:7624.16px;white-space:nowrap">satisfy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:8184.29px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:8484.52px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:9069.17px;white-space:nowrap">plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:9459.49px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:410.64px;left:9809.82px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:0px;white-space:nowrap">requirements
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:1100.48px;white-space:nowrap">prescribed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:1990.9px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:2231.02px;white-space:nowrap">excise
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:2791.23px;white-space:nowrap">tax
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:3081.36px;white-space:nowrap">rules
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:3521.51px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:3871.85px;white-space:nowrap">Subchapter
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:4842.51px;white-space:nowrap">M
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:5042.46px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:5242.59px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:5542.82px;white-space:nowrap">Internal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:6193.21px;white-space:nowrap">Revenue
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:6963.75px;white-space:nowrap">Code.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:7490.83px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:7851.01px;white-space:nowrap">plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:8241.33px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:8421.33px;white-space:nowrap">intended
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:9161.98px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:626.64px;left:9362.11px;white-space:nowrap">provide
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:0px;white-space:nowrap">shareholders
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:1090.63px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:1460.74px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:1610.86px;white-space:nowrap">consistent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:2471.31px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:3391.79px;white-space:nowrap">each
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:3832.12px;white-space:nowrap">quarter
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:4452.45px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:4802.78px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:4982.78px;white-space:nowrap">intended
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:5723.44px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:5923.56px;white-space:nowrap">narrow
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:6523.77px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:6824px;white-space:nowrap">discount
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:7544.44px;white-space:nowrap">between
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:8274.99px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:8575.22px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:9175.34px;white-space:nowrap">price
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:9615.5px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:842.64px;left:9965.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:0px;letter-spacing:-3.34px;white-space:nowrap">NAV
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:406.76px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:606.88px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:907.12px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:1491.77px;white-space:nowrap">shares,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:2132.05px;white-space:nowrap">but
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:2432.29px;white-space:nowrap">there
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:2892.57px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:3072.57px;white-space:nowrap">no
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:3322.79px;white-space:nowrap">assurance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:4203.28px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:4553.53px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:4853.76px;white-space:nowrap">plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:5244.08px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:5544.05px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:5794.28px;white-space:nowrap">successful
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:6684.61px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:6874.72px;white-space:nowrap">doing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1058.64px;left:7365.15px;white-space:nowrap">so.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:0px;white-space:nowrap">Under
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:540.26px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:840.5px;white-space:nowrap">managed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:1641.09px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:2561.57px;white-space:nowrap">plan,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:3001.9px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:3202.03px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:3502.27px;white-space:nowrap">extent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:4042.62px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:4392.86px;text-rendering:optimizeLegibility;white-space:nowrap">sufficient
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:5148.72px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:6069.11px;white-space:nowrap">income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:6699.38px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:6879.38px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:7179.61px;white-space:nowrap">available
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:7940.13px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:8190.35px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:8340.47px;white-space:nowrap">quarterly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:9090.79px;white-space:nowrap">basis,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:9611.02px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1514.64px;left:9911.25px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:0px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:299.97px;white-space:nowrap">distribute
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:1080.35px;white-space:nowrap">long-term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:1890.62px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:2460.94px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:2941.26px;white-space:nowrap">and/or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:3501.65px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:4021.88px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:4222px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:4792.32px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:4982.43px;white-space:nowrap">order
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:5452.65px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:5652.77px;white-space:nowrap">maintain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:6383.14px;white-space:nowrap">its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:6613.15px;white-space:nowrap">managed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:7413.75px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:8334.23px;white-space:nowrap">rate.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:8744.41px;white-space:nowrap">No
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1730.64px;left:9024.52px;white-space:nowrap">conclusions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:0px;white-space:nowrap">should
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:580.43px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:830.65px;white-space:nowrap">drawn
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:1370.92px;white-space:nowrap">about
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:1871.37px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:2171.6px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:2756.25px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:3676.64px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:4737.13px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:5147.14px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:5447.37px;white-space:nowrap">amount
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:6097.76px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:6297.89px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:6598.13px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:7182.77px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:8193.25px;white-space:nowrap">or
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:8813.32px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:9113.55px;white-space:nowrap">terms
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:9613.56px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1946.64px;left:9813.69px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2162.64px;left:0px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2162.64px;left:584.65px;white-space:nowrap">managed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2162.64px;left:1385.24px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2162.64px;left:2305.72px;white-space:nowrap">plan.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:0px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:360.18px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:890.51px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:1280.57px;white-space:nowrap">amend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:1880.95px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:2181.18px;white-space:nowrap">terms
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:2681.19px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:2881.32px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:3181.55px;white-space:nowrap">Plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:3591.83px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:3801.88px;white-space:nowrap">terminate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:4602.22px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:4902.45px;white-space:nowrap">Plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2618.64px;left:5312.72px;white-space:nowrap">at
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4826.64px;left:3065.54px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4826.64px;left:6151.29px;white-space:nowrap">information.</div></div>
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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:13356px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,6.61px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:360px;position:absolute;top:-42.71px;left:0px;white-space:nowrap">Contents</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:595.69px;left:0px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:595.69px;left:460.28px;white-space:nowrap">Overview</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:595.69px;left:4759.89px;white-space:nowrap">2</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:851.69px;left:0px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:851.69px;left:1080.44px;white-space:nowrap">Summary</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:851.69px;left:4759.89px;white-space:nowrap">6</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:0px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:770.36px;white-space:nowrap">Highlights
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:1610.77px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:1961.1px;white-space:nowrap">Schedule
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:2761.7px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:2961.83px;white-space:nowrap">Investments</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:4759.89px;white-space:nowrap">9</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:0px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:770.36px;white-space:nowrap">Statements</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:4659.79px;white-space:nowrap">14</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1619.69px;left:0px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1619.69px;left:520.22px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1619.69px;left:720.35px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1619.69px;left:1490.71px;white-space:nowrap">Statements</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1619.69px;left:4659.79px;white-space:nowrap">17</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:0px;white-space:nowrap">Report
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:590.27px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:790.4px;white-space:nowrap">Independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:1841.4px;white-space:nowrap">Registered
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2091.69px;left:0px;white-space:nowrap">Public
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2091.69px;left:530.33px;white-space:nowrap">Accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2091.69px;left:1470.94px;white-space:nowrap">Firm</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2091.69px;left:4659.79px;white-space:nowrap">26</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2347.69px;left:0px;letter-spacing:-4.99px;white-space:nowrap">Tax
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2347.69px;left:330.12px;white-space:nowrap">Information</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2347.69px;left:4659.79px;white-space:nowrap">27</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2603.69px;left:0px;white-space:nowrap">Important
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2603.69px;left:810.35px;white-space:nowrap">Information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2603.69px;left:1760.8px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2603.69px;left:1960.93px;white-space:nowrap">Shareholders</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2603.69px;left:4659.79px;white-space:nowrap">28</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:610.49px;white-space:nowrap">Meeting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:1300.87px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:1501px;white-space:nowrap">Shareholders</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:4659.79px;white-space:nowrap">36</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3115.69px;left:0px;white-space:nowrap">Dividend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3115.69px;left:750.41px;white-space:nowrap">Reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3115.69px;left:1900.9px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3115.69px;left:2251.23px;white-space:nowrap">Cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3115.69px;left:2721.45px;white-space:nowrap">Purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3115.69px;left:3531.88px;white-space:nowrap">Plan</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3115.69px;left:4659.79px;white-space:nowrap">37</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3371.69px;left:0px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3371.69px;left:530.33px;white-space:nowrap">Members
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3371.69px;left:1330.49px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3371.69px;left:1680.82px;text-rendering:optimizeLegibility;white-space:nowrap">Officers</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3371.69px;left:4659.79px;white-space:nowrap">39</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3627.69px;left:0px;white-space:nowrap">Shareholder
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3627.69px;left:1030.69px;white-space:nowrap">Information</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3627.69px;left:4659.79px;white-space:nowrap">44</div></div>
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:-34.79px;left:4643.93px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:277.21px;left:180px;white-space:nowrap">access
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:277.21px;left:903px;white-space:nowrap">your
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:277.21px;left:2242.48px;white-space:nowrap">or
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:277.21px;left:3819.11px;text-rendering:optimizeLegibility;white-space:nowrap">financial
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:589.21px;left:180px;white-space:nowrap">planning
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:220px;position:absolute;top:589.21px;left:1045.44px;white-space:nowrap">tools.</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:380px;position:absolute;top:-45.09px;left:0px;letter-spacing:-4.21px;white-space:nowrap">Templeton
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:380px;position:absolute;top:-45.09px;left:1858.81px;white-space:nowrap">Emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:380px;position:absolute;top:-45.09px;left:3590.7px;white-space:nowrap">Markets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:380px;position:absolute;top:-45.09px;left:5047.62px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:719.85px;left:0px;white-space:nowrap">Dear
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1149.85px;left:0px;white-space:nowrap">This
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1149.85px;left:390.06px;white-space:nowrap">annual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1149.85px;left:980.6px;white-space:nowrap">report
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1149.85px;left:1500.82px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1149.85px;left:1757.64px;letter-spacing:-2px;white-space:nowrap">Templeton
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1149.85px;left:2638.13px;white-space:nowrap">Emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1149.85px;left:3458.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1149.85px;left:4148.61px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1399.85px;left:0px;white-space:nowrap">covers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1399.85px;left:580.17px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1399.85px;left:880.4px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1399.85px;left:1340.51px;white-space:nowrap">year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1399.85px;left:1740.67px;white-space:nowrap">ended
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1399.85px;left:2281.29px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1399.85px;left:2891.69px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1399.85px;left:3191.92px;white-space:nowrap">2025.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1976.11px;left:0px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1976.11px;left:664.85px;white-space:nowrap">Overview</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2351.45px;left:0px;white-space:nowrap">Q.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2351.45px;left:240.03px;white-space:nowrap">What
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2351.45px;left:729.93px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2351.45px;left:930.06px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2351.45px;left:1250.07px;white-space:nowrap">Fund&#39;s
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2351.45px;left:1882.79px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2351.45px;left:2883.08px;white-space:nowrap">strategy?</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2601.45px;left:0px;white-space:nowrap">A.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2601.45px;left:226.76px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2601.45px;left:586.93px;white-space:nowrap">Fund
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2601.45px;left:1047.22px;white-space:nowrap">seeks
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2601.45px;left:1567.44px;white-space:nowrap">long-term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2601.45px;left:2377.71px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2601.45px;left:2948.03px;white-space:nowrap">appreciation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2601.45px;left:3978.72px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2851.45px;left:0px;white-space:nowrap">investing,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2851.45px;left:810.44px;white-space:nowrap">under
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2851.45px;left:1320.82px;white-space:nowrap">normal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2851.45px;left:1921.03px;white-space:nowrap">market
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7509.85px;left:7731.3px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7509.85px;left:8081.63px;white-space:nowrap">most
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7509.85px;left:8521.7px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7509.85px;left:8721.83px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7509.85px;left:9022.06px;white-space:nowrap">companies
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:5220px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:5410.11px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:5710.34px;white-space:nowrap">portfolio
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:6400.72px;white-space:nowrap">are
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:6710.89px;white-space:nowrap">industry
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:7391.16px;white-space:nowrap">leaders
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:8031.53px;white-space:nowrap">which
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:8541.74px;white-space:nowrap">we
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:8821.85px;white-space:nowrap">believe
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7759.85px;left:9442.27px;white-space:nowrap">should
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:5220px;white-space:nowrap">allow
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:5680.2px;white-space:nowrap">them
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:6130.37px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:6330.5px;white-space:nowrap">alleviate
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:7040.92px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:7341.15px;white-space:nowrap">impact
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:7921.32px;white-space:nowrap">by
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:8161.44px;white-space:nowrap">passing
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:9082.09px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8009.85px;left:9382.32px;white-space:nowrap">extra
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8259.85px;left:5220px;white-space:nowrap">cost
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8259.85px;left:5600.13px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8259.85px;left:5800.25px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8259.85px;left:6100.49px;white-space:nowrap">supply
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8259.85px;left:6670.81px;white-space:nowrap">chain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8259.85px;left:7151.13px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8259.85px;left:7501.46px;white-space:nowrap">customers.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:8836.11px;left:5220px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:8836.11px;left:6780.63px;white-space:nowrap">Overview</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:5220px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:5580.18px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:6040.46px;white-space:nowrap">posted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:6630.91px;white-space:nowrap">cumulative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:7541.28px;white-space:nowrap">total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:7931.51px;white-space:nowrap">returns
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:8541.74px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:8741.87px;white-space:nowrap">+28.30%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9211.45px;left:9507.48px;white-space:nowrap">based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:5220px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:5470.22px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:6070.34px;white-space:nowrap">price
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:6510.5px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:6860.83px;white-space:nowrap">+24.27%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:7626.45px;white-space:nowrap">based
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:8417.11px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:8717.34px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9461.45px;left:9197.58px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:5220px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:5480.07px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:5780.3px;white-space:nowrap">12
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:6030.53px;white-space:nowrap">months
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:6670.81px;white-space:nowrap">under
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:7181.19px;letter-spacing:-1.24px;white-space:nowrap">review.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:7788.16px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:8148.34px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9711.45px;left:8735.36px;white-space:nowrap">benchmark,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9961.45px;left:5220px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9961.45px;left:5520.23px;white-space:nowrap">MSCI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9961.45px;left:6020.24px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9961.45px;left:6840.62px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9961.45px;left:7530.73px;white-space:nowrap">(EM)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9961.45px;left:7970.63px;white-space:nowrap">Index-NR,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9961.45px;left:8830.9px;white-space:nowrap">designed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9961.45px;left:9611.54px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10211.45px;left:5220px;white-space:nowrap">measure
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10211.45px;left:5970.32px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10211.45px;left:6270.56px;white-space:nowrap">equity
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10211.45px;left:6800.89px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10211.45px;left:7401.01px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10211.45px;left:8461.49px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10211.45px;left:8661.62px;white-space:nowrap">global
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10211.45px;left:9192.04px;white-space:nowrap">emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10461.45px;left:5220px;white-space:nowrap">markets,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10461.45px;left:5960.13px;white-space:nowrap">posted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10461.45px;left:6550.58px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10461.45px;left:6700.69px;white-space:nowrap">+16.80%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10461.45px;left:7466.31px;white-space:nowrap">cumulative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10461.45px;left:8376.68px;white-space:nowrap">total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10461.45px;left:8766.91px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10461.45px;left:9287.14px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:5220px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:5520.23px;white-space:nowrap">same
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:6010.4px;white-space:nowrap">period.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:104.9px;position:absolute;top:10715.06px;left:6560.77px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:6665.89px;letter-spacing:-4.13px;white-space:nowrap">You
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:7019.65px;white-space:nowrap">can
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:7359.88px;text-rendering:optimizeLegibility;white-space:nowrap">find
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:7700.1px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:8000.34px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10711.45px;left:8587.36px;white-space:nowrap">long-term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:5220px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:6280.49px;white-space:nowrap">data
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:6680.83px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:6870.94px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:7171.17px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:8251.61px;white-space:nowrap">Summary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:9071.72px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:9321.94px;white-space:nowrap">page
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:9772.38px;white-space:nowrap">6</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10961.45px;left:9872.49px;white-space:nowrap">.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">Effective
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:5956.44px;white-space:nowrap">March
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:6506.54px;white-space:nowrap">1,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:6706.67px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:7207.12px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:7507.35px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:7967.64px;white-space:nowrap">has
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:8307.86px;white-space:nowrap">implemented
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11391.45px;left:9388.39px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:5220px;white-space:nowrap">managed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:6020.6px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:6941.07px;white-space:nowrap">plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:7331.4px;white-space:nowrap">whereby
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:8061.77px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:8362px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:8822.29px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:9122.26px;white-space:nowrap">distribute
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11641.45px;left:9902.64px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11891.45px;left:5220px;white-space:nowrap">level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11891.45px;left:5640.21px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11891.45px;left:6560.68px;white-space:nowrap">amount
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11891.45px;left:7211.07px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11891.45px;left:7411.2px;white-space:nowrap">shareholders.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11891.45px;left:8548.59px;white-space:nowrap">The
</div>

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<div style="width:10080px;height:1131.68px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:0px;white-space:nowrap">1. </div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:367.39px;left:4396.25px;white-space:nowrap">(NR)
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:784.99px;left:1072.03px;white-space:nowrap">number
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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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<div style="width:10080px;height:12960px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">rate
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:560.3px;white-space:nowrap">$0.22
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1060.75px;white-space:nowrap">per
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1370.92px;white-space:nowrap">share.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1921.2px;white-space:nowrap">Management
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3021.86px;white-space:nowrap">will
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3321.83px;white-space:nowrap">generally
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4102.29px;white-space:nowrap">distribute
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">amounts
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:740.39px;white-space:nowrap">necessary
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2371.03px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3258.28px;white-space:nowrap">plan
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">requirements
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1100.48px;white-space:nowrap">prescribed
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1990.9px;white-space:nowrap">by
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2231.02px;white-space:nowrap">excise
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2791.23px;white-space:nowrap">tax
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3081.36px;white-space:nowrap">rules
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3521.51px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3871.85px;white-space:nowrap">Subchapter
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">M </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:199.95px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:700.31px;white-space:nowrap">Internal
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1350.7px;white-space:nowrap">Revenue
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2121.24px;white-space:nowrap">Code.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3008.5px;white-space:nowrap">plan
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3578.82px;white-space:nowrap">intended
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:0px;white-space:nowrap">provide
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1731.01px;white-space:nowrap">with
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2101.11px;white-space:nowrap">a
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2251.23px;white-space:nowrap">consistent
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3111.68px;white-space:nowrap">distribution
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:4032.16px;white-space:nowrap">each
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:0px;white-space:nowrap">quarter
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1150.66px;white-space:nowrap">intended
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2091.45px;white-space:nowrap">narrow
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2691.65px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2991.88px;white-space:nowrap">discount
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:3712.32px;white-space:nowrap">between
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:0px;white-space:nowrap">market
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:600.12px;white-space:nowrap">price
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:1040.27px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:1690.84px;letter-spacing:-3.34px;white-space:nowrap">NAV
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:2097.6px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:3825.26px;white-space:nowrap">but
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:180px;white-space:nowrap">no
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:430.22px;white-space:nowrap">assurance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:1310.71px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:1660.96px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:1961.19px;white-space:nowrap">plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2351.51px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2651.48px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2901.71px;white-space:nowrap">successful
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:3792.04px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:3982.15px;white-space:nowrap">doing
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:0px;white-space:nowrap">so.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:286.88px;white-space:nowrap">The
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:647.05px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:1107.33px;white-space:nowrap">sends
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:1637.67px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:1787.78px;white-space:nowrap">Form
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:2257.73px;white-space:nowrap">1099-DIV
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:3068.17px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:3268.3px;white-space:nowrap">shareholders
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:0px;white-space:nowrap">each
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:440.33px;white-space:nowrap">calendar
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:1180.81px;white-space:nowrap">year
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:1580.98px;white-space:nowrap">describing
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:2451.45px;white-space:nowrap">how
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:3031.79px;white-space:nowrap">report
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5908.64px;left:4202.31px;white-space:nowrap">when
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:0px;white-space:nowrap">you
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:340.22px;white-space:nowrap">sell
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:660.32px;white-space:nowrap">your
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:1060.49px;white-space:nowrap">shares.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:1700.77px;white-space:nowrap">Current
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:2350.99px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:3411.47px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:3801.53px;white-space:nowrap">differ
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6158.64px;left:4251.71px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6408.64px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">figures
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:6408.64px;left:590.27px;white-space:nowrap">shown.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10125.78px;left:5220px;white-space:nowrap">Q.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10125.78px;left:5460.03px;white-space:nowrap">What
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10125.78px;left:5949.93px;white-space:nowrap">were
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10125.78px;left:6410.21px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10125.78px;left:6730.22px;white-space:nowrap">leading
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10125.78px;left:7410.32px;white-space:nowrap">contributors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10125.78px;left:8520.29px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10125.78px;left:8740.2px;white-space:nowrap">performance?</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10375.78px;left:5220px;white-space:nowrap">A.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10375.78px;left:5450.01px;white-space:nowrap">Key
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10375.78px;left:5810.19px;white-space:nowrap">contributors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10375.78px;left:6800.63px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10375.78px;left:7000.75px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10375.78px;left:7300.99px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10375.78px;left:7888.01px;white-space:nowrap">absolute
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10375.78px;left:8618.55px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10625.78px;left:5220px;white-space:nowrap">included
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10625.78px;left:5937.28px;letter-spacing:-2.85px;white-space:nowrap">Taiwan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10625.78px;left:6547.59px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10625.78px;left:7798.18px;white-space:nowrap">Manufacturing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10625.78px;left:8988.84px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10875.78px;left:5220px;white-space:nowrap">(TSMC),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10875.78px;left:5949.84px;white-space:nowrap">Prosus
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10875.78px;left:6560.07px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10875.78px;left:6900.47px;white-space:nowrap">Alibaba.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11305.78px;left:5220px;white-space:nowrap">TSMC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11305.78px;left:5779.95px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11305.78px;left:5959.95px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11305.78px;left:6260.19px;letter-spacing:-0.41px;white-space:nowrap">world&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11305.78px;left:6867.07px;white-space:nowrap">largest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11305.78px;left:7457.34px;white-space:nowrap">semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11305.78px;left:8677.88px;white-space:nowrap">foundry
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:5220px;letter-spacing:-1.48px;white-space:nowrap">company.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:6037.03px;white-space:nowrap">Its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:6277.06px;white-space:nowrap">chips
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:6747.28px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:7057.44px;white-space:nowrap">used
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:7497.77px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:7687.88px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:7838px;white-space:nowrap">wide
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:8258.2px;white-space:nowrap">variety
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:8838.37px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11555.78px;left:9038.5px;white-space:nowrap">solutions,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11805.78px;left:5220px;white-space:nowrap">including
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11805.78px;left:5980.52px;white-space:nowrap">personal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11805.78px;left:6721px;white-space:nowrap">computers,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11805.78px;left:7661.34px;white-space:nowrap">automotive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11805.78px;left:8591.84px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11805.78px;left:8942.17px;white-space:nowrap">industrial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12055.78px;left:5220px;white-space:nowrap">equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12055.78px;left:6160.61px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12055.78px;left:6510.94px;white-space:nowrap">phones.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12055.78px;left:7201.49px;white-space:nowrap">Strong
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12055.78px;left:7781.84px;white-space:nowrap">monthly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12055.78px;left:8462.11px;white-space:nowrap">numbers,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12055.78px;left:9262.44px;white-space:nowrap">quarterly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12305.78px;left:5220px;white-space:nowrap">results
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12305.78px;left:5800.17px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12305.78px;left:6150.5px;white-space:nowrap">continued
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12305.78px;left:6981.15px;white-space:nowrap">optimism
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12305.78px;left:7751.25px;white-space:nowrap">about
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12305.78px;left:8251.7px;white-space:nowrap">demand
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12305.78px;left:8952.19px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:12305.78px;left:9352.27px;white-space:nowrap">AI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6838.5px;left:0px;white-space:nowrap">Geographic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6838.5px;left:1108.55px;white-space:nowrap">Composition</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7036.39px;left:0px;white-space:nowrap">8/31/25</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7324.87px;left:3927.5px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7324.87px;left:4114.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7324.87px;left:4309.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7516.87px;left:3858.91px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7516.87px;left:4155.23px;white-space:nowrap">Assets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7858.81px;left:0px;white-space:nowrap">Asia</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7858.81px;left:4226.33px;white-space:nowrap">78.6%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.29px;left:0px;white-space:nowrap">Latin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.29px;left:382.58px;white-space:nowrap">America
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.29px;left:1013.83px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.29px;left:1165px;white-space:nowrap">Caribbean</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.29px;left:4226.33px;white-space:nowrap">12.3%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8379.78px;left:0px;letter-spacing:-0.44px;white-space:nowrap">Middle&#160;East&#160;&amp;&#160;Africa</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8379.78px;left:4315.31px;white-space:nowrap">3.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8640.26px;left:0px;white-space:nowrap">North
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8640.26px;left:426.88px;white-space:nowrap">America</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8640.26px;left:4315.31px;white-space:nowrap">2.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8900.75px;left:0px;white-space:nowrap">Europe</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8900.75px;left:4315.31px;white-space:nowrap">1.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9161.23px;left:0px;letter-spacing:-1.61px;white-space:nowrap">Short-Term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9161.23px;left:835.7px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9161.23px;left:1742.73px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9161.23px;left:1893.91px;white-space:nowrap">Other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9161.23px;left:2338.52px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9161.23px;left:2623.13px;white-space:nowrap">Assets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9161.23px;left:4315.31px;white-space:nowrap">1.4%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:17.46px;left:5220px;letter-spacing:-3.53px;white-space:nowrap">Top
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:17.46px;left:5606.87px;white-space:nowrap">10
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:17.46px;left:5870.99px;white-space:nowrap">Countries*</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:215.34px;left:5220px;white-space:nowrap">8/31/25</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:695.83px;left:5264.45px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:503.83px;left:9363.5px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:503.83px;left:9550.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:503.83px;left:9745.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:695.83px;left:9294.91px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:695.83px;left:9591.23px;white-space:nowrap">Assets</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:940.92px;left:5220px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:940.92px;left:10104.88px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1018.87px;left:5220px;white-space:nowrap">China</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1018.87px;left:9662.33px;white-space:nowrap">24.4%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1290.35px;left:5220px;letter-spacing:-2.96px;white-space:nowrap">Taiwan</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1290.35px;left:9662.33px;white-space:nowrap">20.2%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1561.84px;left:5220px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1561.84px;left:5682.58px;white-space:nowrap">Korea</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1561.84px;left:9662.33px;white-space:nowrap">17.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1833.32px;left:5220px;white-space:nowrap">India</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1833.32px;left:9662.33px;white-space:nowrap">10.9%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2104.81px;left:5220px;white-space:nowrap">Brazil</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2104.81px;left:9751.31px;white-space:nowrap">8.2%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2376.29px;left:5220px;white-space:nowrap">Mexico</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2376.29px;left:9751.31px;white-space:nowrap">2.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2647.78px;left:5220px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2647.78px;left:5726.95px;white-space:nowrap">States</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2647.78px;left:9751.31px;white-space:nowrap">2.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2919.26px;left:5220px;white-space:nowrap">Thailand</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2919.26px;left:9751.31px;white-space:nowrap">2.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3190.75px;left:5220px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3190.75px;left:5673.75px;white-space:nowrap">Africa</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3190.75px;left:9751.31px;white-space:nowrap">2.3%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3462.23px;left:5220px;white-space:nowrap">Hong
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3462.23px;left:5646.95px;white-space:nowrap">Kong</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3462.23px;left:9751.31px;white-space:nowrap">1.9%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3820.51px;left:5220px;white-space:nowrap">*</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3816.29px;left:5249.74px;white-space:nowrap">Does
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3816.29px;left:5592.48px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3816.29px;left:5811.38px;white-space:nowrap">include
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3816.29px;left:6263.65px;white-space:nowrap">cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3816.29px;left:6577.32px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3816.29px;left:6832.71px;white-space:nowrap">cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3816.29px;left:7146.38px;white-space:nowrap">equivalents.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4173.09px;left:5220px;letter-spacing:-3.53px;white-space:nowrap">Top
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4173.09px;left:5606.87px;white-space:nowrap">10
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4173.09px;left:5870.99px;white-space:nowrap">Holdings</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4370.98px;left:5220px;white-space:nowrap">8/31/25</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4659.46px;left:5220px;white-space:nowrap">Company</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4851.46px;left:5220px;white-space:nowrap">Industry</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:4851.46px;left:5851.17px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;font-weight:bold;position:absolute;top:4851.46px;left:5940.08px;white-space:nowrap">Country</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4659.46px;left:9363.5px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4659.46px;left:9550.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4659.46px;left:9745.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4851.46px;left:9294.91px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4851.46px;left:9591.23px;white-space:nowrap">Assets</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:5096.56px;left:5220px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:5096.56px;left:10093.75px;white-space:nowrap">aa</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5177.51px;left:5220px;letter-spacing:-2.53px;white-space:nowrap">Taiwan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5177.51px;left:5762.5px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5177.51px;left:6874.14px;white-space:nowrap">Manufacturing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5177.51px;left:7932.5px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5177.51px;left:8225.94px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5177.51px;left:9662.33px;white-space:nowrap">13.4%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:5335.99px;left:5220px;white-space:nowrap">Semiconductors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:5335.99px;left:6411.64px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:5335.99px;left:6562.81px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:5335.99px;left:7674.45px;white-space:nowrap">Equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:5527.99px;left:5364px;letter-spacing:-2.45px;white-space:nowrap">Taiwan</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5744.48px;left:5220px;white-space:nowrap">Prosus
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5744.48px;left:5762.42px;white-space:nowrap">NV</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5744.48px;left:9751.31px;white-space:nowrap">5.4%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:5902.96px;left:5220px;white-space:nowrap">Broadline
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:5902.96px;left:5940.47px;white-space:nowrap">Retail,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:5902.96px;left:6438.44px;white-space:nowrap">China</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6119.45px;left:5220px;white-space:nowrap">SK
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6119.45px;left:5477.89px;white-space:nowrap">Hynix,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6119.45px;left:5966.88px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6119.45px;left:9751.31px;white-space:nowrap">4.3%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:6277.93px;left:5220px;white-space:nowrap">Semiconductors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:6277.93px;left:6411.64px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:6277.93px;left:6562.81px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:6277.93px;left:7674.45px;white-space:nowrap">Equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:6469.93px;left:5364px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:6469.93px;left:5826.58px;white-space:nowrap">Korea</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6686.42px;left:5220px;white-space:nowrap">ICICI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6686.42px;left:5628.91px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6686.42px;left:6038.05px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6686.42px;left:9751.31px;white-space:nowrap">3.8%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:6844.9px;left:5220px;white-space:nowrap">Banks,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:6844.9px;left:5753.59px;white-space:nowrap">India</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7061.38px;left:5220px;white-space:nowrap">Samsung
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7061.38px;left:5940.39px;white-space:nowrap">Electronics
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7061.38px;left:6767.34px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7061.38px;left:7060.78px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7061.38px;left:9751.31px;white-space:nowrap">3.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7219.87px;left:5220px;letter-spacing:-1.34px;white-space:nowrap">Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7219.87px;left:6076.95px;white-space:nowrap">Hardware,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7219.87px;left:6859.45px;white-space:nowrap">Storage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7219.87px;left:7464.3px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7219.87px;left:7615.47px;white-space:nowrap">Peripherals,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7411.87px;left:5364px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7411.87px;left:5826.58px;white-space:nowrap">Korea</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7628.35px;left:5220px;letter-spacing:-2.22px;white-space:nowrap">Tencent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7628.35px;left:5824.84px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7628.35px;left:6491.88px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7628.35px;left:9751.31px;white-space:nowrap">3.2%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7786.84px;left:5220px;white-space:nowrap">Interactive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7786.84px;left:6002.58px;white-space:nowrap">Media
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7786.84px;left:6482.81px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7786.84px;left:6633.98px;white-space:nowrap">Services,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:7786.84px;left:7336.41px;white-space:nowrap">China</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8003.32px;left:5220px;white-space:nowrap">Alibaba
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8003.32px;left:5798.2px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8003.32px;left:6287.34px;white-space:nowrap">Holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8003.32px;left:6874.38px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8003.32px;left:9751.31px;white-space:nowrap">3.0%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:8161.81px;left:5220px;white-space:nowrap">Broadline
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:8161.81px;left:5940.47px;white-space:nowrap">Retail,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:8161.81px;left:6438.44px;white-space:nowrap">China</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8378.29px;left:5220px;letter-spacing:-1.77px;white-space:nowrap">MediaTek,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8378.29px;left:5993.67px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8378.29px;left:9751.31px;white-space:nowrap">2.6%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:8536.77px;left:5220px;white-space:nowrap">Semiconductors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:8536.77px;left:6411.64px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:8536.77px;left:6562.81px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:8536.77px;left:7674.45px;white-space:nowrap">Equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:8728.77px;left:5364px;letter-spacing:-2.45px;white-space:nowrap">Taiwan</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8945.26px;left:5220px;white-space:nowrap">Grupo
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8945.26px;left:5709.14px;white-space:nowrap">Financiero
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8945.26px;left:6500.63px;white-space:nowrap">Banorte
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8945.26px;left:7105.47px;white-space:nowrap">SAB
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8945.26px;left:7470.08px;white-space:nowrap">de
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8945.26px;left:7692.5px;white-space:nowrap">CV</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8945.26px;left:9751.31px;white-space:nowrap">2.6%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:9103.74px;left:5220px;white-space:nowrap">Banks,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:9103.74px;left:5753.59px;white-space:nowrap">Mexico</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9320.23px;left:5220px;white-space:nowrap">Hon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9320.23px;left:5557.97px;white-space:nowrap">Hai
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9320.23px;left:5842.5px;white-space:nowrap">Precision
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9320.23px;left:6545px;white-space:nowrap">Industry
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9320.23px;left:7158.59px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9320.23px;left:7452.03px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9320.23px;left:9751.31px;white-space:nowrap">2.3%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:9478.71px;left:5220px;white-space:nowrap">Electronic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:9478.71px;left:5966.95px;white-space:nowrap">Equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-style:italic;position:absolute;top:9478.71px;left:6820.78px;white-space:nowrap">Instruments
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:8001.39px;white-space:nowrap">industrials,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:5570.33px;white-space:nowrap">utilities.</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:5420.13px;white-space:nowrap">contrast,
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:9051.94px;white-space:nowrap">China/Hong
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:5220px;white-space:nowrap">Kong,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:5740.4px;white-space:nowrap">India
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:6180.73px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:6531.06px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7051.46px;white-space:nowrap">Korea
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7771.9px;white-space:nowrap">favor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:8222.08px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:8422.21px;white-space:nowrap">opportunities
</div>

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</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:6000.56px;white-space:nowrap">more
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:6460.66px;white-space:nowrap">compelling.
</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:8741.34px;text-rendering:optimizeLegibility;white-space:nowrap">financials
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:9541.76px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:5220px;white-space:nowrap">materials.</div></div>
</div> </div></div>

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</div>

<div 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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12960px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">Thank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:550.28px;white-space:nowrap">you
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:890.51px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1150.58px;white-space:nowrap">your
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1550.74px;white-space:nowrap">continued
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2381.4px;white-space:nowrap">participation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3401.98px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3588.84px;letter-spacing:-2px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:820.37px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1510.49px;white-space:nowrap">Fund.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2020.78px;letter-spacing:-1.08px;white-space:nowrap">We
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2337.54px;white-space:nowrap">look
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2717.75px;white-space:nowrap">forward
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3367.97px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3568.1px;white-space:nowrap">serving
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4198.36px;white-space:nowrap">your
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">future
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:510.29px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1430.68px;white-space:nowrap">needs.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:0px;letter-spacing:-1.34px;white-space:nowrap">Sincerely,</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:0px;white-space:nowrap">Chetan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:630.44px;white-space:nowrap">Sehgal,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:1290.94px;letter-spacing:-6.62px;white-space:nowrap">CFA</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:0px;white-space:nowrap">Andrew
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:660.32px;white-space:nowrap">Ness,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:1160.51px;letter-spacing:-0.81px;white-space:nowrap">ASIP</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:0px;white-space:nowrap">Portfolio
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:710.33px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1807.73px;letter-spacing:-4.99px;white-space:nowrap">Team</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2608.64px;left:0px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2608.64px;left:360.18px;white-space:nowrap">foregoing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2608.64px;left:1160.77px;white-space:nowrap">information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2608.64px;left:2101.2px;text-rendering:optimizeLegibility;white-space:nowrap">reflects
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2608.64px;left:2731.38px;white-space:nowrap">our
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2608.64px;left:3041.54px;white-space:nowrap">analysis,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2608.64px;left:3791.87px;white-space:nowrap">opinions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:0px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:350.33px;white-space:nowrap">portfolio
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:1040.71px;white-space:nowrap">holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:1761.24px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:2001.36px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:2194.8px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:2805.21px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:3105.44px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:3605.89px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:3906.12px;white-space:nowrap">end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2858.64px;left:4256.46px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:0px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:300.23px;white-space:nowrap">reporting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:1060.66px;white-space:nowrap">period.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:1661.04px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:2021.22px;white-space:nowrap">way
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:2391.33px;white-space:nowrap">we
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:2671.44px;white-space:nowrap">implement
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:3551.75px;white-space:nowrap">our
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3108.64px;left:3861.91px;white-space:nowrap">main
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3358.64px;left:0px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3358.64px;left:920.39px;white-space:nowrap">strategies
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3358.64px;left:1750.78px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3358.64px;left:2101.11px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3358.64px;left:2401.35px;white-space:nowrap">resulting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3358.64px;left:3131.72px;white-space:nowrap">portfolio
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3358.64px;left:3822.1px;white-space:nowrap">holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:0px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:390.06px;white-space:nowrap">change
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:1030.61px;white-space:nowrap">depending
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:1921.46px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:2171.69px;white-space:nowrap">factors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:2761.88px;white-space:nowrap">such
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:3192.1px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:3432.22px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3608.64px;left:4032.33px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:0px;white-space:nowrap">economic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:820.37px;white-space:nowrap">conditions.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:1730.92px;white-space:nowrap">These
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:2281.2px;white-space:nowrap">opinions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:3001.73px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:3391.79px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:3692.02px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:3942.25px;white-space:nowrap">relied
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3858.64px;left:4432.5px;white-space:nowrap">upon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:0px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:240.12px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:1160.51px;white-space:nowrap">advice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:1730.83px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:1940.89px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:2191.11px;white-space:nowrap">offer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:2601.3px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:2861.37px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:3011.48px;white-space:nowrap">particular
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:3801.8px;letter-spacing:-1.34px;white-space:nowrap">security.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4108.64px;left:4508.61px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:0px;white-space:nowrap">information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:940.43px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:1120.43px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:1420.66px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:1570.78px;white-space:nowrap">complete
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:2351.16px;white-space:nowrap">analysis
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:3051.47px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:3251.6px;white-space:nowrap">every
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:3741.77px;white-space:nowrap">aspect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:4322.11px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4358.64px;left:4522.24px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:0px;white-space:nowrap">market,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:650.13px;letter-spacing:-1.48px;white-space:nowrap">country,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:1327.06px;letter-spacing:-1.34px;white-space:nowrap">industry,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:2043.98px;white-space:nowrap">security
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:2714.15px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:2924.21px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:3224.44px;white-space:nowrap">Fund.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:3734.74px;white-space:nowrap">Statements
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4608.64px;left:4695.21px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:0px;white-space:nowrap">fact
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:340.14px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:650.3px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:1060.31px;white-space:nowrap">sources
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:1740.59px;white-space:nowrap">considered
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:2671.17px;white-space:nowrap">reliable,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:3351.53px;white-space:nowrap">but
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:3651.77px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4858.64px;left:3952px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:0px;white-space:nowrap">manager
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:760.43px;white-space:nowrap">makes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:1340.6px;white-space:nowrap">no
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:1590.82px;white-space:nowrap">representation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:2791.58px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:3001.64px;white-space:nowrap">warranty
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:3741.86px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:3981.97px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5108.64px;left:4182.1px;white-space:nowrap">their
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5358.64px;left:0px;white-space:nowrap">completeness
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5358.64px;left:1160.6px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5358.64px;left:1370.65px;letter-spacing:-1.34px;white-space:nowrap">accuracy.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5358.64px;left:2170.9px;white-space:nowrap">Although
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5358.64px;left:2931.5px;white-space:nowrap">historical
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5358.64px;left:3691.76px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:0px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:180px;white-space:nowrap">no
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:430.22px;white-space:nowrap">guarantee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:1290.94px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:1491.06px;white-space:nowrap">future
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:2001.36px;white-space:nowrap">results,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:2631.53px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:3121.88px;white-space:nowrap">insights
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:3782.2px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:4172.26px;white-space:nowrap">help
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5608.64px;left:4562.58px;white-space:nowrap">you
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5858.64px;left:0px;white-space:nowrap">understand
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5858.64px;left:950.71px;white-space:nowrap">our
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5858.64px;left:1260.88px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5858.64px;left:2181.27px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5858.64px;left:3281.92px;letter-spacing:-1.21px;white-space:nowrap">philosophy.</div></div>
</div>

<div style="height:23.58px;left:0px;position:absolute;top:0px;transform:translate(54.000px,709.232px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:325.28px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:0px;letter-spacing:-2.4px;white-space:nowrap">CFA</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:-17.19px;left:255.16px;white-space:nowrap">&#174;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:347.98px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:479.23px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:588.68px;white-space:nowrap">trademark
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1215.79px;white-space:nowrap">owned
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1638.84px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1813.92px;letter-spacing:-3.59px;white-space:nowrap">CFA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:2098.37px;white-space:nowrap">Institute.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:0px;letter-spacing:-0.45px;white-space:nowrap">ASIP
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:333.2px;white-space:nowrap">stands
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:756.33px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:938.75px;white-space:nowrap">Associate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:1544.14px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:1690.08px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:1908.98px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:2324.69px;white-space:nowrap">Kingdom
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:2878.98px;white-space:nowrap">Society
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:3345.78px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:3535.39px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:4213.75px;white-space:nowrap">Professionals
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:5037.89px;white-space:nowrap">(now
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:5358.67px;letter-spacing:-3.59px;white-space:nowrap">CFA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:5643.13px;white-space:nowrap">Society
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:6109.92px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:6255.86px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:6474.77px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:6890.47px;white-space:nowrap">Kingdom).</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:36.52px;left:0px;position:absolute;top:0px;transform:translate(36.000px,75.357px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:561.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:0px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:1772.05px;white-space:nowrap">Summary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:3117.13px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:3511.05px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:3823.24px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:4824.49px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:5317.03px;white-space:nowrap">2025</div></div>
</div>

<div style="height:51.66px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:936px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">6</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(80.389px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.25px">

<div style="width:10085px;height:12398.4px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;letter-spacing:-3.33px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:430.22px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:950.45px;text-rendering:optimizeLegibility;white-space:nowrap">reflects
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1580.63px;white-space:nowrap">reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2661.06px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2861.19px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3161.43px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3748.45px;white-space:nowrap">dividends
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4558.97px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4909.31px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5479.63px;white-space:nowrap">gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5869.95px;white-space:nowrap">distributions,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6930.44px;white-space:nowrap">if
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7070.45px;letter-spacing:-2.67px;white-space:nowrap">any,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7447.32px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7797.66px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8137.88px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9018.46px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9498.78px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">losses.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:606.97px;letter-spacing:-3.33px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1037.2px;white-space:nowrap">returns
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1647.42px;white-space:nowrap">do
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1897.65px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2197.88px;text-rendering:optimizeLegibility;white-space:nowrap">reflect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2738.06px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3078.28px;white-space:nowrap">sales
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3548.5px;white-space:nowrap">charges
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4238.88px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4629.2px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4829.33px;white-space:nowrap">inception
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5599.86px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5809.92px;white-space:nowrap">brokerage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6670.46px;white-space:nowrap">commissions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7760.65px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8150.98px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8401.2px;white-space:nowrap">secondary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9281.69px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">purchases.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:927.25px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1287.42px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2347.91px;white-space:nowrap">table
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2788.24px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3138.57px;white-space:nowrap">graph
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3648.96px;white-space:nowrap">do
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3899.18px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4199.41px;text-rendering:optimizeLegibility;white-space:nowrap">reflect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4739.59px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5079.81px;white-space:nowrap">taxes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5560.05px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5910.29px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6060.41px;white-space:nowrap">shareholder
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7061.04px;white-space:nowrap">would
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7581.36px;white-space:nowrap">pay
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7921.58px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8171.81px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8632.09px;white-space:nowrap">dividends,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9492.63px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:390.32px;white-space:nowrap">distributions,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1450.81px;white-space:nowrap">if
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1590.82px;letter-spacing:-2.67px;white-space:nowrap">any,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1967.7px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2177.75px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2517.98px;white-space:nowrap">realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3198.34px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3678.66px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3928.89px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4229.12px;white-space:nowrap">sale
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4609.34px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4809.46px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5269.75px;white-space:nowrap">shares.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5906.78px;letter-spacing:-3.3px;white-space:nowrap">Your
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6320.48px;white-space:nowrap">dividend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7041.01px;white-space:nowrap">income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7671.27px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7971.24px;white-space:nowrap">vary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8361.3px;white-space:nowrap">depending
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9252.16px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:0px;white-space:nowrap">dividends
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:810.53px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1020.59px;white-space:nowrap">interest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1660.87px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2051.19px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2291.31px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3101.57px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3291.68px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3591.91px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:4178.94px;white-space:nowrap">portfolio,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:4919.33px;white-space:nowrap">adjusted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5649.87px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5909.94px;white-space:nowrap">operating
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6710.54px;white-space:nowrap">expenses.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7581.09px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8191.41px;white-space:nowrap">gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8581.73px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9592.21px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:0px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:300.23px;text-rendering:optimizeLegibility;white-space:nowrap">profits
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:840.41px;white-space:nowrap">realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1520.77px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1930.78px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2231.02px;white-space:nowrap">sale
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2611.23px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2811.36px;white-space:nowrap">portfolio
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:3501.74px;white-space:nowrap">securities.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1804.91px;left:0px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1804.91px;left:1560.63px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1804.91px;left:1907.47px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1804.91px;left:2196.54px;white-space:nowrap">8/31/25</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:151.6px;position:absolute;top:1810.13px;left:3064.01px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:0px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:1080.44px;white-space:nowrap">data
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:1480.78px;white-space:nowrap">represent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:2291.22px;white-space:nowrap">past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:2681.46px;white-space:nowrap">performance,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:3791.95px;white-space:nowrap">which
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:4302.16px;white-space:nowrap">does
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:4742.49px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:5042.72px;white-space:nowrap">guarantee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:5903.44px;white-space:nowrap">future
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:6413.73px;white-space:nowrap">results.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:7043.91px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:7974.32px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:8494.54px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:8844.87px;white-space:nowrap">principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4075.12px;left:9565.22px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:0px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:299.97px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuate,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:1080.44px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:1430.77px;white-space:nowrap">you
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:1771px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:2161.05px;white-space:nowrap">have
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:2601.39px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:2751.5px;white-space:nowrap">gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:3141.83px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:3351.88px;white-space:nowrap">loss
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:3721.99px;white-space:nowrap">when
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:4202.31px;white-space:nowrap">you
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:4542.54px;white-space:nowrap">sell
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:4862.64px;white-space:nowrap">your
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:5262.8px;white-space:nowrap">shares.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:5903.09px;white-space:nowrap">Current
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:6553.3px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:7613.79px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:8003.85px;white-space:nowrap">differ
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:8454.02px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:8864.03px;text-rendering:optimizeLegibility;white-space:nowrap">figures
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4325.12px;left:9454.31px;white-space:nowrap">shown.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2215.66px;left:4244.47px;white-space:nowrap">Cumulative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2215.66px;left:5151.34px;letter-spacing:-1.98px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2215.66px;left:5566.11px;white-space:nowrap">Return</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2218.87px;left:6081.65px;white-space:nowrap">2</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2215.66px;left:7384.55px;letter-spacing:-0.74px;white-space:nowrap">Average
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2215.66px;left:8048.62px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2215.66px;left:8635.26px;letter-spacing:-1.98px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2215.66px;left:9050.02px;white-space:nowrap">Return</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2218.87px;left:9565.57px;white-space:nowrap">2</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2476.14px;left:4468.84px;white-space:nowrap">Based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2476.14px;left:4993.53px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2668.14px;left:4811.18px;letter-spacing:-3.96px;white-space:nowrap">NAV</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2671.36px;left:5137.12px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2476.14px;left:6052.84px;white-space:nowrap">Based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2476.14px;left:6577.53px;white-space:nowrap">on</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2668.14px;left:5769.48px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2668.14px;left:6338.7px;white-space:nowrap">price</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2671.36px;left:6721.12px;white-space:nowrap">4</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2476.14px;left:7780.84px;white-space:nowrap">Based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2476.14px;left:8305.53px;white-space:nowrap">on</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2668.14px;left:8123.18px;letter-spacing:-3.96px;white-space:nowrap">NAV</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2671.36px;left:8449.12px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2476.14px;left:9364.84px;white-space:nowrap">Based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2476.14px;left:9889.53px;white-space:nowrap">on</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2668.14px;left:9081.48px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2668.14px;left:9650.7px;white-space:nowrap">price</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2671.36px;left:10033.12px;white-space:nowrap">4</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3074.09px;left:0px;letter-spacing:-2.45px;white-space:nowrap">1-Year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3074.09px;left:4552.91px;white-space:nowrap">+24.27%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3074.09px;left:6136.91px;white-space:nowrap">+28.30%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3074.09px;left:7864.91px;white-space:nowrap">+24.27%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3074.09px;left:9448.91px;white-space:nowrap">+28.30%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3334.57px;left:0px;letter-spacing:-2.45px;white-space:nowrap">5-Year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3334.57px;left:4552.91px;white-space:nowrap">+31.92%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3334.57px;left:6136.91px;white-space:nowrap">+37.94%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3334.57px;left:7953.89px;white-space:nowrap">+5.70%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3334.57px;left:9537.89px;white-space:nowrap">+6.64%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3595.05px;left:0px;letter-spacing:-2.1px;white-space:nowrap">10-Year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3595.05px;left:4463.92px;white-space:nowrap">+133.79%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3595.05px;left:6047.92px;white-space:nowrap">+155.54%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3595.05px;left:7953.89px;white-space:nowrap">+8.86%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3595.05px;left:9537.89px;white-space:nowrap">+9.84%</div></div>
</div>

<div style="height:13.32px;left:0px;position:absolute;top:0px;transform:translate(35.999px,711.928px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.25px">

<div style="width:10085px;height:116.48px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:0px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:269.92px;white-space:nowrap">page
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:612.66px;white-space:nowrap">8</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:722.11px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:933.44px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:1771.95px;white-space:nowrap">Summary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:2406.33px;white-space:nowrap">footnotes.</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8141.27px;letter-spacing:11px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9342.06px;letter-spacing:9.64px;white-space:nowrap">Summary</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:644.15px;white-space:nowrap">7</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(189.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:665.23px;left:0px;position:absolute;top:0px;transform:translate(54.000px,76.568px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12983.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="height:216.00px;left:0px;position:absolute;top:0px;transform:translate(0.000px,1910.887px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:360.00px">

<div 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KDkpSdOnTdO/1q5V/q5dHsX2str4/vv+QgAAqLbWrH3H9pDUGiEhurtPb+McfJs+c7YKCws9zoZE1VChC+6tb3Q17c/e/LFynXm2cTt3fiHJtXO9pOFPjlRGRpokVwH/HwkJXjF23AXmwsJCzVuQaIzJdebpvQ2ZkqQ/9yrb/8AMGhBl9UXPc24zxrh/+SSp/4D+HnPlnQ8AAADYSU5KUnx8vF6YPFmzZ82SMzfXX4pP6zMytHDBAk2dOtUqsh/30xqxtP5z8qS/EAAAqqXEhQt19Ngx2/nbbrlFzVu0tJ3/LSUufM1vO5mKYvrM2Xpq9EhFRvbQmFEj/IWjkqnQBfcOHSMkuQrei19fbIyZPnO2dVhq23btPebWpWfq5Tmzreuynrzbf0B/qyC9ItW8A3z6tGlWQbrXnWU/8LNfVLQkaXlqstalZ3rNpyYnS5KiBw42fu/lnQ8AAACUlJyUpPxdu3Tq1CmdOX1aR48d09p16/yl2ZoyJUGbPvpI+7/9Vr/88ou/8DI7deqUvxAAAKqdFcuXa9/+/bbzN1x/vW7p3Nl2HvZqX3iheve5R6PGjPEXikqoxoQJEyb4Cyov7du1VX7Bbu3Y8amysz/R3n3f6frrr9eSt/6p27rcro3vf6C4p8dKcrWKKdmX/R//SJDT6dpJMzZ2vEaNGO71Hr40uryhvv3ugD788AMVFu6Rc9t2XVL3UjVvFqZ16Zl65plnlbx0iSTX+o89OtTPit7qXlpP27Y6teOzHdqVX6Azcqh9u7Zal56p0aPHKCvLVQSfNmOmmjcLq3D5AAAAQEkr337b60Cyov/9T1/u2aPwtm1tsszmvvKKjv3bfmddMBQVFalO7dq6vFEjf6EAAFQLWRnpynU6ZXe86GUNGui+IUNsZuFP+3ZtNTB6ALW2KspRFMyjec+TPnf3tXaxm0RG9tA/EhK8dmA3a9bM2n1eWqYfR+y4OE1NiDdEuzwxfITmvDTLODdxUrwmPBsnSZo7f6GGDY3xiklKSdWLM2ZYfeZLmvD8ZD33zHjjnFT++QAAAICbe3e7ndtvu63Uu+E2bdyo9e+95y/Mg+OCCxT6f/+vateurdDQUK/5vfv26bShD2378HD16l22FpEAAFRFztxc/WvtWmONTHIdknp3n94VppUMUNGE+AuoCFa9vUITJ8Vr5xefWzvKJVdP9tu63q6EKZO9ctalZ5a52LTNZPgAACAASURBVG4nYcpkXd0sTFs2Z2tR4nxrPHrgYHXu0sVYRC+LQQOi1LJFCy1LWeZR2H8o5hHdHtlNgwZE+cgu/3wAAABAknYX5Gv3l1/6jPkkO1sNL2/o9x/puwvytenjj33GuNUICVG9unXV+Ior/BbNX54zR4ePHPEaP/zjj4ZoAACqn+wtW2yL7TVCQtS1Sxe/n+NAdVYpdrgXty49U3f0iKx0u64dDoftDncAAACgKkhcuNBnr1e3K6+4QjEPP+wzxq4w7lbzd79T/fr1dVXjxurWo4dtXElvvvGGvvzqK6/xi+rU0YiRI70TAACoZqZPm2Z7MPkfO3Uq0+cuUB1Vih3ulV1SivnAVQAAAKCq2JqTU6piuyTt279fa1evtt2NnpyU5LPYHn7jjep9zz228740atjQWHD/2aawAABAdXPGZm9ug3r1KLYDpXCBvwAELs+5TZLUoX17P5EAAABA5fT+Bx/4C/Hg/PRT7S7I9xrftHGjzx7wLa+55pyL7ZLU9OqmxvEzp09ra06OcQ4AgOpid0G+/vPLL8a5jh07GscBeKp0O9x7du9m20eqInIfuBo9cLDXoa4AAABAVZCZlqajx44Z52qEhOiM4ZDSM6dPa83adzSiWA9Yf33bL61bV9GDBtnOl0bzFi1Vs2ZNnTx50mvuu2+/NWQAAFB95O/0vhkuSTVr1lRbNpICpcIO9/MstFYtRQ8crDFPPeUvFAAAAKiUcpxO27mbIyJUI8S8z+fosWNKTkqyrtelpRsL4ZLrH/o9e3Q3zpVV7Vq1jOMcnAoAqO6+P3DAOG732VmROBwOORwOrUvP9BcKnFeVbod7ZVOZDnYFAAAAyio5Kcm2SH7lFVfo9shI/eeXX2yL8vm7dmnTxo3at3+/bd/2GiEhuuXmm9W82G74QNSpU8f4Xkd89I0HAKA6+NHm5nO9Sy81jgPwxg53AAAAAOdkd0G+dn/5pXGuRkiIOt/6J0lSr969dVmDBsY4Sdr08Sc++7Zf17Klbunc2Xa+rBo1bGgc5+BUAEB1d9zms/DKK64wjpe3demZGv7kSDkcDmvsjh6Rinn4USWlpPrIdFmXnqnYcXFq1qyZtUPe4XAo5uFHNW9Bor90JaWkWu/v/uoY0Umx4+L8pZbKuawf8/CjHvGl/TI9GWB6/4GD7tX0mbMN7wy3GhMmTJjgLwgAAAAASlq58m0dPXrUONeiWTPdelsX6/rii+qoYNcunTlzxiv2zBnvHu9ulzVooPuGDLGdPxf/+98Zfbpjh9d40f/+pzq1a+vyRo0MWQAAVG2ZaWnau2+f13iNkBDde999hozyNW9BogYOiFJ29idec05nrlYsT5Wjxu90W+c/GbKl6TNna8h9g/Xhhx947ex3OnO19l+rdfjIUf35jp7G/NhxcRo98kmv99//7X59+OEHeveddWp8VVM1bxZmzPfnXNdfvXqNnM5cldW9993vsdbESfF68q+Peb3/jh2fKiM9TXv3fac+ve8quQzEDncAAAAA52BrTo727d9vnKtZs6bX4abNW7TULTffbIy3Uys0VN1u7+ovrMzcB6eacHAqAKC6+vb7743jtUNDjePlaV16pqZNifcXpgnPxhl3Y0+fOVtPjR5pyPD08pzZxt3k02fO1tQE3++fvWWzZk6f7jPGzvle35/pM2drwrO+d+kvSpyv4U/6/xlWRxTcAQAAAJTZ+x98YDvXPjzcOH5L5866umlT41xJNUJC1CkiImh920vi4FQAADzZnWVSt25d43h5emPxYhUWFvoLkySlJieXaszO8tRk5TrzPMZKm5+RkXZO7WXO9/om9evXlyTlOvM095U5fqJdXp4zu1Std6obCu4AAAAAyiQzLU1Hjx0zzl1Up4669ehhnJOk+4cM0UV16tjOuwW7b3tJdWy+Bw5OBQBUV3af7XZnn5SXXGeekpcu8RibNmOW9XrC85M95rK3bPbo5z595mxlb9nsERM9cLCKiopUVFTksZYkFRYWalnKMut63oJEr/wJz09WUVGR3k3LUGSk5/8Pei9rvcoi0PUTF75m/VnsviI6dPTIGRs7Xu3C20iSlqUs87iZERYWprnzF6qoqEhz5y9UWJhnC5t3164VPFFwBwAAAFAmOU6n7dytfzL3SS0ZU6NGDdv5yxo0UN9+/Wzng4GDUwEAOGvTxo22c75upJeHDRs2eFyPjR2vMaNGWNcdO0ZobOx4j5g85zbr9ddffe0xF9Gho5YmvWVdjxk1wit/584vrNeffep5DswTw0fouWdc8T27d9MDMTEe89lbNhsPJLVzvtePHRfnUdCPjOyhhClnb1I4t3r2f7//gRgNG+p6z2FDY/TUOM+fzepVK72eAKjuQvwFAAAAAIDb3Fde0cmTJ41zV15xhdq2b2+cK65t+/YqLCzUZ1+c/cerW0hIyHnp215S06ub6sNPvA9ZO3P6tLbm5JTqzwEAQFVhdy5LaZ5K+60dP+55c7xN+E1eMf0H9Nfy1GT1i4pW/Qb1PQryhw4d9Ii9revtJdO91vy+2Bkvc16apauaXqWDBw7qvaz1uv6G1h6xgwZEaXC0x5C++tqzyO/L+Vw/15mn5ame7Wr6RkV5XGdkpHlc33lnL4/rYUNjtCI11SNuWcoya4c8KLgDAAAAKIVNGzdqS26ujv3738b5GiEh6nyr/93tbv3691fh1Kn65ZdfPMZvuO6689a3vTj3wammmwccnAoAqG4OHT5sHK+I/dtLo114G+3Zs8c4tzTpLbW69jqdOH5c72WtV/0G9b1i6l5yiSHzrLMFfM/2NZKMu72bXnWV15gv52v9ku1ieve5x9q9Lslrp3xYWJixkN6y1bUeBfcTPCHogYI7AAAAAFu7C/K18f0PbHe+uTW/+uoyF8rHjh2r1+bNs4ruN7RurdsjI/1kBU/tWrWMBXcOTgUAVDc/2fRvv9RP4bk81KoV6nGd59ymQQM8d2n7427RYipoS6XfMW6yZo1nT/OwsDD17N7NJrrsznV90+72O3p57l4vqd6l3jcjJCk01PO/wTffnPvPqyqi4A4AAADAaMXy5fo8P19nTp/2GXfBBRcoetAgnzF2Hh02zF/IeVOnTh0dNhySysGpAIDqZNPGjbaf9S1ble1m+m+hS5cuHtdTE+JtIs/dl3vO7gKXpIaNGtlEepo4KV4Tno3zGOsXVaL/SwACWd/f7naTQ4c92+/Y+Z6nAz1waCoAAAAAD5lpaZo9a5Y+/ewzv8V2SbqmWTN/IRUSB6cCACAdOGguqtYKDS3z02u+pKSukHPbdn9hfrULb6Pefe7xGAtm0d20E7xJE98tWyZOipfD4fAqhpc8kPRcBWP997LWe1z/6dZbvWJK7pQvLCw0trApuaO9tIX56oKCOwAAAABJkjM3V7NmztSHn3yiozaPlhfnuOACNW3S5Jx3t5e3plc3NY67D04FAKA6sCu4XxKkdjIpqSvUoX2Eovv/RW3D22jYY0/4S/HLVyuUO3pEqs/dfTVvQaJtjC/Tp03z2AkuSTf/8Q820S4njh/3GoseOFjp6esM0WUX6PrzFiQqe8tm6zosLMzjINniIiN7eFwvS1nmcZ3rzFP25o89xkr+vKo7Cu4AAAAAtHrlSq1es8b2UNSSrm7aVIMG9NeQBx/0F1phuQ9ONeHgVABAdfHT0aPG8Usuvtg4XhaT/5Gg6P5/UU7uFmvstXmvaNTosT6y/Bs2NEZPDDcXjCVp9aqVeuyRhzVw0L22MSax4+KUvHSJx1jvPvf47RFvOjQ0e/PHmjgpODvvA13/s093eFz/uVdvm0gpvG07j+upCfHW+6xLz9TTsbEU2P2g4A4AAABAO774wl+IJOmiOnV0V69eun/IkKA+Zl5eateqZRzn4FQAQHWwNSfHeIC4JDVt2tQ4XlqjRo/V38ePM87tKsg3jpfFnJdmaWzsePmSvHRJqYvu8xYkGlvT+DtYVDIXxAsLCzXh2TjFPPyoIaNsAl3/nbWrPa597djv0tWzR74kTXg2Tg6HQ3f0iFRGRpohC8VRcAcAAACgU6dO+ZyvWbOm2oeHa8TIkWrbvr3P2MqkTp06xvFjpWipAwBAZWf3RFfNmjUD+rwf8sBDmjVzmu3873//e9u5skiYMlnvpmX43O2evHSJ353gSSmpmjbFO+aJ4SP8HiwqSbdHdlNRUZGKioq8bgIsSpzv9/39CWT9pJRUjx3pER06+tyx37N7N783MuAbBXcAAACgmstMs9+pVCMkRFc3bapx48apV2/7x48rK9uDUw29UgEAqGq+P3DAOH7xRRcZx/1xbtuuu+7qozffeN1n3M1/vMXnfFn07N5Nc16aZV2XPFBVknZ+8bnXmFuuM08vzpjh1SYlMrKHHnjwAXNSCcUL2AlTJnvdAPjwg/dLppRJIOt//OFHHtcRnW62iTwrYcpkn0X3knMRHTraRFZPFNwBAACAau7Q4cPG8f8T8n/05x49dP+QIcb5qsDu4NSTJ09qdxAedwcAoCL70aaFWoP69Y3jvqRnZmnM6NFas8azfUlJL8RP0ci/BX5wqp3HHn9cc+cv9BgrechncU/HxnocKCq5DhUdNWaM2oW3scnyrWTLloyMNOU682yiy64s6+fv9GwbeFXTq4xxJSVMmaxpM2Z53MDo3ecezZ2/UFc3C/OIvSgI/f6rEgruAAAAQDVnd1jalVdeEdDj5JWBr4NTv/ryK+M4AABVwe6CfB039AaXyl5wT0ldoYcffEBZWZm2MY2vbKwFia8r7ulY25hgGTY0Rg/FPGJdFxYWal269/c2/MmRxp7kT40br57du3mNl5apZcvBgwcNkeemtOvnOvO8/nxdunj3aLczZtQIrXp7hdXOZtXbKzRsaIx++P4Hj7hL69WzWaF6CvEXAAAAAKBqsyu4X3rJJcbxqqZ2rVrGA+O+/f57QzQAAFVD/k7zk1w1QkJ0S+fOxjmTWS++rFnTp2rvvr22Me3bddCY2HEaENXXNqYsYsfF6dChQ9r7zddKT19njGlyle+d3NNnztbLc2Z7jU94frLfvu2x4+IkSe9lrVdUdLTGjPJs8RLobvZgrZ9fUOBxHdGh4znv2i/uUInifr16ZbtBU9VRcAcAAACqsd0F+cZisyRd3qiRcbyqqVOnjg4fOeI1zsGpAICq7LBNO5mLbQ4UN3n0sb9q/rxXfcZ07dpN02fMUPhNN/qMK62OEZ08WsCsS8807kY/UeI8luIxuc48zX1lTskUjY0dr+ee8X1gaMn3N/VEL1nolqT6pXxqIJjr5zm3eVyHNW/uFWMyfeZsHTxwUM6tuQpv204JUyZ7zJ9rm5rqgpYyAAAAQDVm1zalRkhIlW8n48bBqQCA6uiI4WazJNW79FLjeEm9et3lt9geFTUgqMV2ybtonLos1Rj3XtZ663VkZA+PuVdfedXrkNTogYO9CssmJd8/+xPv/vDrMzzb10RG9ij1zvJgrn+iRMugJk38F8aHPzlST40eqakJ8crISNPOEsX1pJTUgNrUVAcU3AEAAIBqzK5tSll2t1V2HJwKAKiOjto8yVWagvuQBx7SO++s8Rlz/5AHtWxZclCL7ZLU6trrPK4XJc63WrBI0pEff1Sfu/t67BJv2epa6/W69EwtSpzvsUZYWJiGPPCASqPk+2dv2aw+d/e12rzEjovzWj+8bTuVVjDXP3TIs/VLaK1axrjiSu5WX71qpSZOipfkKra/OGOGx/xDMY+U+mZCdUHBHQAAAKjG7Nqm1KlGBXcOTgUAVDeZad4Hhbp16+G5G7w457btuuuuPnrzjddtYyTphfgpemPxIp8x5+rOO3spLCzMY2xqQrz1enB0f61etdJjvtedvazXG7I2qKTCwkLd0SNSDofD9svtzjt7KaJDR4/81atWqn3bm+RwODy+F8lVzO8/oL/HWMm1ix/oGoz13Q4fOuRxfVnDy4xxxXXp0sXr5zvh2Tg5HA4Nju7vcSNDkqL6ex/gWt1RcAcAAACqsZ9sCu52bVaqqto2O744OBUAUBXZfb5d5OOGu3Pbdo0ZPVpr1qy2jQkJCdEL8VMU93SsbUyg2oW30WN/He4vzDI2drxH/3bn1lwf0f61C2+jB4cO9RdmeWrc+DLtAA/m+nv27PK4burnIFnJ9f79oqL9hUny/tnChYI7AAAAUE1tzcnRmdOnjXN2bVaqKrsd/RycCgCoiuw+3+rWrWscT0ldoUceflhZWZ69w4sLCQlR/JSp57XY7jZm1AiNjfV9uKnkKggX78ue68zz6j9+LoYNjdG0GbN8xoSFhWnu/IUaNjTGZ5xJsNYv2ae+tBKmTFb0wME+Y0r+bHFWiL8AAAAAAFXTd99+axyvFRqq5i1aGueqqkYNG+rLr77yGufgVABAVVSWJ9xSUlfoqVEjtHffXkOGS6eON2vE6DEaENXXNibYEqZMVpvwm/Txhx/p5TmzPeaeGD5CN//xDxo0wLPdSX5BgYJlzKgR6tKli5alLNPy1GSruB0WFqZ+UdHqP6B/qXe2169f32ssmOu7lWU3+tKkt9Tq2uv04Qfve9yksPvZ4ixHUVFRkb8gAAAAAFVP4sKF2rd/v9f4ZQ0aaNhjjxkyqq7dBflasjTZODd4YHS1uwEBAKi6Nm3cqPXvvWece+655zyuJ/8jQa+9+orPYnvXrt00fcaMoB+OWlbuPuvvpmWUqbBcXnKdeWrf9iZJEuXZqoUd7gAAAEA19e9//9s4fvFFFxnHK6OFixbr3//+WXu/+UaHDx/Sd99+qw0b1uv0r610HnzoYS1KXGAdnHry5EmvNb768isK7gCAKsN0s11yPeFW3NNxz2hK/AvGWLeoqAF6evz4ci+2V0bu3fYlDyhF5UfBHQAAAKimjto8Tl7v0kuN4xWVu6iesyVbhbt36+ixozpy5LB++OEHf6l6fdFCXd7oCk2eNEG1a9UyFtw5OBUAUJUcOnzYOH7JJZdYr/sPGKjUZeYnv9zuH/Kg3li8yGcM7K3PcPXDj+h4s59IVDYU3AEAAIBqaNPGjbZz3Xr0sJ0rL6+/8U99tuMzHT9+XCdOHNeRw4eVt83p8xH30vrkow8luQ5OPXzkiNc8B6cCAKoSu/NJGjZoIEmaNmOW32L7o8P+qnlzX/YZ81urTG1Zhj85UosS50uSWl17nZ9oVDYU3AEAAIBq6MDBg8bxi+rUMY6Xl/TMLD099iltdW71F3rOtm7NlcTBqQCAqm9rTo7xaS5JatnK1T5tfUaGcd7thfgpins61mcM7K1Lz7QOeX0o5hE998x4PxmobCi4AwAAANWQXcH9wgsvNI6Xh7hnJmj+vFd06NAhf6EB+emnH5WSukLt2lyvDz/5xGv+5MmT2l2Q79HHfXdBvrZudarwyy918r//leOCC3RZ/fp6dNgwr3wAACqKrww3liWpZs2a1ufcwQPmlmwXX3yJxoyNpdgeoJ7duyl64GA1aXKVEqZM9heOSoiCOwAAAFAN/fzzz8bxSy6+2Dj+W1q4aLGWLlmirKxMf6FBsyErSwOi+vo8OPXYsX+roKBA3//wg1f/+6L//U/f//CD3nj9dQ158EGvfAAAKgK7803cB6anZ2bZPlU2/u/P6KnRI41zKJulSW/5C0ElRsEdAAAAqIaOnzhhHG/atKlxvKxS/9/bSl2Wol9OnFDLVteqe4/u6t6tq88c57btmj17tt5843WfcWXRvl0HNbz8cl1xZWOFhobq8OFDxvVzt2RLku3Bqdm5uTp16pTXeElf79vnLwQAgHJz+McfjeMN6teXJG3ZssU436bNTRTbgVKi4A4AAABUM5lpacbxGiEhatu+vXGutNIzs7QoMVEpyUnW2Jo1qzVjeoLat+ugq8PCdE3LVrr66qZ6+KEHrJi4Zybon4sXndMhqO6i+mUNL9epU//VlY2bqFmzZnrogfu8YlNSVxgL7jm5W5SemWV7cGppiu2Sa6d7ZlpahTx4FgBQvW3NydGZM2eMc+4b7nlOp3G+zU3hxnEA3ii4AwAAANXMt99/bxyvHRpqHC+N9MwsLXnrLZ+703Nytygn9+zOuaExD6pr127av2+v8gvybfOK69TxZrWP6KiwZs3UqFEjDYjq6y/Fw4CovpreroPH9+G2ceP76nLLzcaDU8tix+efU3AHAFQ4zm3bjOMOh8O64Z6ammKMuSm8rXEcgDcK7gAAAEA1c6xE/3G3unXrGsd9WbhosVatXKk1a1b7CzUqbZ/2rl27aeDgwR674s9Vuw4RxoL79m1OPXjfQOPBqWVx9Ngxbc3JCfhpAQAAgumgzSHkob//vSRp1osvG+cl6bbOt9rOAfBEwR0AAACoZn4+ftw43qhhQ+O4SaCF9tJqfGVj9esfrZkzpvoLLbWWrVoZx9esWa3nJ02Sw+FQUVGRMaa4GiEhOnP6tHEue8uWMhfcly9L0b7930qSbmjdWrdHRvrJAACgdNauXm08o0SSOkVESJK22RyWGhU1QOE33WicA+DtAn8BAAAAAKqO3QX5tv/gbnp1U+N4cdNmzFKdC+toaMyD573YHhU1QAtfXxzUYrskjfzbE2p8ZWPj3Dvvvqs6F15onJOkmjVr6sorrlD78HD9PS5OlzVoYIw7dOSIdpeyTY4kvTZvnj77YqeOHjumo8eOadNHH+mtN9/0lwYAQKns3b/fOF6zZk3d0rmzJOnzHTuMMde0NN+oBmDGDncAAACgGsnfaS4C16xZU81btDTOuTm3bdfYMaN8xpR07bXX6aI6F+mTzR/7C7W0b9dBjz7+eFDax9jpdPMftNfQp7YgP18jhv9VaRmZOnnyP5KkGjVq6NK6dXXD9ddbRQm3iA4d9K+1a73WOXP6tD76+BO/P1PJdYjd9z/84DUeaC95AAAk1832Q4YDwSWpaZMmklyHipvarUlSZ9rJAGVCwR0AAACoRg7/+KNxvHatWsbx4hYtsj8QtaT7hzyowffeq+7dukpyFetzt27V5599rl0F+crb5tTefXu98mIeflQLF8zzGg+2NuHhxoPhNqzP1BuLFym8XTtDlre27dvr/Q8+0FFDX/xvv/vOkOHto4/NNyP+V1SkzLQ0DmAFAARk+/ZPbVugtWjR4teY7cb59u06WJ/lAEqHgjsAAABQjRyx2eFW79JLjePFrc9M9xfiVWh3C7/pRq/+rympK5S27l0dPHBAktS3Xz89OOQ+/Rb+fMcd+vv4cV7je/ft1awXX9bIvz1hyDJrfd11xoNWT548qRXLl6tvv36GLJe1q1frsM1/E0naWVBAwR0AEJBv9nrf4JakS+vWtc4b+eSjD40x7TpEGMcB2KPgDgAAAFQjP584YRz3V3Cf9eLL+uKLz41z9erV0333P6j77ru3TIeqDYjqqwFRff2FnRfhN92orl27KSsr02suf+dOQ4a9bj16KMfpNPbGL/zyS0OGy+6CfH36ufln6nb4yBFtzckp8wGsAABIrrZlpqewJKnR5ZdLcj2FZvo8lKT2Hfj8AcqKQ1MBAACAamLTxo22j5T720WdlZlhHL/qqqZKz1ivmTOmlqnYXhF0+sMfjeO5W7KN4760aN7cOH78xAllpqUZ5za+/4HtAbbFObdt8xcCAIDRjs8+M47XCAmxnsB65913jTGNr2x8Xs9TAaoqCu4AAABANXHg4EHjeK3QUOO428JFi7VmzWrj3OD7hlS6Qrub3SFwOblblJK6wjhn58Ybb1CNEPMDxLsLC73GMtPStG//fkO0t+9++EG7C8yH3QIA4IvdeSL16ta1Xhfkmz9jOt38B+M4AN8ouAMAAADVxI8//WQcv+SSS4zjbh+8/75xvPGVjdXvL+XTEiYYunfrqvbtOhjn7A6Ps9O8RUs1ufJK49wPBw5oa06Ox9i2Mqx/5vRpbd/+qb8wAAA8ZKal2T5J1fq666zXG9ab28m0CQ83jgPwjYI7AAAAUE38+OOPxvFLLr7YOC5J6ZlZevON141zf76zd6Xd3e5mdxic3eFxvrS+/nrbueJtYd584w0dt+mlb7dLvmD3buM4AAB2TE9YSVLNmjV1S+fOklxPse3dZz5U9c933GEcB+AbBXcAAACgmrAr8jaoX984LklL3nrLdq5vJd7d7mZ3GFxWVqbSM7OMc3batm+vyxo0MM6528JszcnRN/v2GWNqhISoWdOmxrmTJ0/a9oIHAKCk3QX5OnTkiHGuaZMm1uucLZ5PYLl17dqt0t9UB8oLBXcAAACgGvBVrHXvcivJuW277WPm9w95UN27dTXOVSYPP/SAGl/Z2Di3ZcsW47gvxR/RL+7M6dPKycnV+x98YHtwbZMrr9TAwYNVs2ZN4/zOggLjuMn6jAzNnjVLs2fNUnJSkr9wAEAVs337p7afNy1atLBe77I5I6TNTbSTAc4VBXcAAACgGjh0+LBx/KI6dYzjkvTPf75l/5h5rzuN45VRl9u7GcfznE7juC+3dO5s+zMt/PIrHT12zDhXKzRU9w8ZIklqdPnlxpjDR4549YI3Wb1ypTZ99JGOHjumo8eOKX/XLk2dOpUd8gBQjXyz1/z5fWndumrb3vV0V3pmlrKyzDfWO3bqZBwH4B8FdwAAAKAa+OnoUeN43bp1jeOS9MHG94zjd97ZWwOiKn87Gbebwtsax1NTU4zj/jRpbN4xf+r0KeO4JHWKONtL/g832xc5iveCN9m0caO2fep9wOovv/yiDz/5RLNnzaLwDgBV3NacHNsbvMVv6m7caD4UvX27DlXqcx74rVFwBwAAAKoBu4L7pZdcYhyf/I8E5eSaW6p07RZpHK+sbut8q+3crBdftp2z07dfP9u2MCZXXnGFR1uf5i1a+u0Fb7K7IF+fZGerqKjIOC9JR48do/AOAFXcjs8+M47XCAlR3379rOtd+TuNcde1bm0cB1A6If4CAAAAAFRuuwvydfLkSePc5Y0aGcff/n//BJ8uHwAAIABJREFUzzjevl0HjfzbE8a5yir8phsVFTXAuKN9m3OrIcO/pk2aKH/XLn9hqlmzpjrf+iev8dbXXacfDhzwGj9z+rS2b/9UzVu09Jp7e9Vq24NxS3IX3nd8/rlaX3eduvXo4S8FAFBOnLm52vj++/r5xAld4HAorGlTRQ8aZBv/7XffGcfrlXiqze5JLrsnvwCUDjvcAQAAgCruqy+/Mo7XrFnT6uNa3MJFi213t9/9l78Yxyu7a1q2Mo5/vmOHcdyf9u3bqUaI//1NN1x3nbF47qsXfMHu3V5j8+bOLXWxvTh34T1+crxWr1zpLxwAUA7WvPOujh47pjOnT+vUqVPK37VL06dNMz6plJmWZnuTvfjB3r6e4KpqN9aB3xoFdwAAAKCK+/b7743jtWvVMo6vsim8Nr6yseKejjXOVXadbdrK5ORuUUrqCuOcL81btNTll13mM+bSunXVq3dv23m7XvAnT570KLK8+cYbxt3wZXHq9Ck5t2+n6A6gUlq9cqWSk5LkzM31F1rpzHnpJf3vf2e8xo+fOKEPP/lE8+bO9ThQe3dhoVes5LrJXrx9md0TXFFRA4zjAEqPgjsAAABQxR05csQ4Xsewgzo9M0tr1qw2REv9+kcbx6uC7t26qmvXbsa5DVlZxnF/wm+6yXbuggtqqGeP7rbzku9e8DsLCiRJK5Yv15dffWWMkaQG9erp6qZNS7XbXpJ2lqINDgBUJFP+8Q85t29X/q5dWr1mjV6bN89fSqXx5htv6MiPP/qM+eHAAf1r7VolLlwoZ26uDtl85hc/LFWyf4LL7okvAKVHwR0AAACo4n62aTXSqGFDr7Elb71liHTtbr/vvnuNc1VFm5vCjeO7bA4p9adt+/aq+bvfGeeubHS5sZVMSSULJG6HjxzRO2vX6lObg/EkqVZoqCIju+n+IUMUHdWvVIX3//znP7aHsgJARfPynJd18r//9Rj7/ocftD4jwyaj8vB3Q7Wkffv3a8077+jM6dPG+dbXX2+9TkldYds6zu6JLwClV7ptDgAAAAAqpa05Obb/+G56dVOP6/TMLL35xuvG2C63d1P4TTca56qKjp06GcezsjKVnpml7t26auGixZKkzz/7XKdOnZJza4727dun2rVrq889f9HkSRM8cq9r1UrO7ds9xmqEhOjBmBiVRuvrr7ctuORstT/QtWbNmrq7T2+rqN+8RUs1b/H/2bvzuKjK7w/gHxaF8BtuCKaiiAilaCKLViqKLJaES6Jo/XJPKyvXUNDSTNJcy8ol98pEEBNBZRFFMZVtEHAZRERxAcS1JEmE3x80wwzzPPfOsMgMnPfr1evFPOe5V8FZ4txzz7FDdpYUf54+g+t5eXj2TLVFQXl5OXcoKyGEaJt7D9jV3+kZGRjs4cGM6YKE+HhckGp+8bOsrIy53tzUVGlmS3qVzyUZNzd3eLq7MWOEEPVRwp0QQgghhJAGLCMjg7netEkTlaTqkcNHmHsB4N33GnZ1OwCM8R2JVY7OzKo/L4/BjCOUnT9fcXu+YtLdZ8QIAMAFaRZKn5XifyYmcB2gfvVgbycnJCYlMXu0l3MSKwaGhuj32mvMpLli4j3sjwP4559/VPbkXL2qskYIIdomLDSU+z746K+/EBsVBXcvL2Zcm6UmJ+N4QgL3Ynl1VJ0JcubPU8x9XeliKyG1glrKEEIIIYQQ0oDdKSpirjdp0kTpsSQtHbt/28Xc6+s7ptFUvHWztxfbImjzxh9V1nxGjMD8+f5YGBiImbNmwcHRkXEkn421tdgWJX2dnJQG47HY2Npxz/u4uFhpAB8hhGgjsYuDmRcuCMa1UXaWFHHHjnGT7QaGhnBxdISFuTkzzmJgYICePXvIH0vS0hEXF8vc6+RcWQVPCKk+SrgTQgghhBDSgP3771Pm+osvvqj0+Pvvv0dBQQFzr+eQIcz1hqiXQ2+xLYKKioqw7JsVYts04u7lhWYmJmLbAAA9undXu6Jz5KhR3J7ukrQ05johhGiD2KgoPObMJ5F5+OgRYqOiBPdomyNR0YLfl0OPHnjT2xvTP/wQgwcORHPG8POqjI2MlO54OnT4MHOfZQdLTJk0gRkjhGiGEu6EEEIIIYQ0UAnx8Xhayk64OzspV7HtC9nL3Oft7dOofgGf9dkMsS2i/ti3T2yLxqw7dxbbgg7t22PkqFFi25SYtWrFXOfdGUEIIdrgUlaW2BYAQLJEIrZFa2zcsAF3793jxnt0746hPj7yx/1cXTFz1iy80bevYOLdqlNHpcd/JiQw9w0a7M5cJ4RojhLuhBBCCCGENFA3bt5krjczMVEanhYcEoa//v6Lubfv668z1xuy7t1r1lYmOSWp1qvcR44aBT19/q9vFubmmDxlCjfOY9+tG3O9pKQEkeHhzBghhNSn1ORkwcS0opKSEoSFhoptq3dhoaHMWR0yFubm3Auq7l5emDlrFl6xs4O+np5SzMjIGKNGj5E/lqSl49ChiKqnAADY2lH/dkJqi84l3I9Ex0JPTw9LlgaJbSWEEEIIIaRRy+e0iGnZsqXS42Nxccx9xsbGCFzgz4w1ZHPmfQ5jY2NmzMnRGd7ePnh//ETM+GQmzMzMmPv+2LcPkrR0Zqy6WnAqGI2aNoX74Or12O/n6sptV5PHuWBDCCH1KTFJdbC1kKzsbLEt9erA/v3IOH+eG2/dqhWmf/ghNy4z2s8Pi774Am0tLNDc1BR2Xbti/nzlz/BffvmVczTw1ptvcmOEEM3oTMJ9ydIgDBs+Em96eQAAFn8RCE/PIWon3ncHh2DylGnQ09OT/9fHpS/85weKHQoASJGcwyefzlI6fuy497A7OETsULXU9Pz1fTwhhBBCCNEu2VlSPHz0iBlrW2XYWkpSInPfqFGVVXGNycTx/4d//vkHAQu/RMDCL/Hd+p+QKjmH8vJyJCUn4uDBA9i5YxvWf78WM2fPZZ4jOSVJMLHBE7hoMQIXLWbG+vfrp7Kmr6cHL09Ppf68murQvj1zvaCwENlZUmaMEELqQ3aWlFsJzrt4WFJSgl07dzJj9S18/36kpfMvzjYzMcEQL09unGXa9OmYOWsW/MaNU1qXpKUjdO8e5jE2Nl3h0KsnM0YI0ZzB4sWLF4ttqk8pknP48MOPsGnjj5BKLynFcnKu4PixOOTduI1hPm9zzgD4zw/EnFmfQiJJUVq/eesmTp06iT//PINu9j3Q7qW2zON3B4fgo2lTERWlPFgiMzMDYaEh0DNoioGu/ZnHqqOm56/v4wkhhBBCiPY5fepP3MrPZ8amTpsm/zo4JAzff7+WuS9g4Rew7/4KM9YYDHYbiMFuA9HHxRkvtbVg7hnQvx8iIw7h1u1bKrGbeXkY6DaYe6yilavXot8br+PkiXicPBGPFStWoEWrNnBxrmz981K7dnj29Cnu3r2LsvJymBgbY4iXFxwcHQXOLM7YqCkyMjOZsX9LSmDfowczRgghz1tERCQePHjAjA3x9MS169fx7Nkzldhff/+Ndm0t0Ko1+66k+hIaFoaysjJmzMDQEJ7u7ujeo3YS4StXrlbJ+8jMnD0XrgMo70NIbdH6CveffvwJ4Qf2AwBmfDITh6NiAACLv1qGSZM/AABs27qZW6m+ZGkQvl1RUQXvN/ZdHI6KQXl5OcrLyzHjk5kAgJiYKKxauZJ5fIrkHL5bvRo5OTlwce6D3/bsRXl5OQ5HxcBn2AgAFdX2R6JjmceLqen56/t4QgghhBCinfI5FYCtqwzJ5LWTcXJ0xhjfkcwYUTb8nXeY63k38tSqcg8OCUPA/M+V1p48eYLv1q5W2TvYwwNz583DwsBAzJ03r8bJdgCwsbVTeV7I8OYAEELI85adJcX1GzeYsdatWqG3kxNsbWyY8Welpfjz9BlmrL5s3bIFpaWlzJi+vgEG9uunNG+lJoSq27283sSiwAXMGCGkerQ64X4kOhbbtm4GAHzuH4D1VSpvtm7ZJE+6h4bsQYrknMo5du3YCqAi2f777l8xxLNy6vL679fic/8AAMCe33/Dxp+3qhy/N3gvEpPOwtraGku+/hrjxvgCAIZ4uuPAH2Hw8PACAGz46SeVY9VR0/PX9/GEEEIIIUQ73SkqYq6btW6t9JjXTqa/60DmOlEVuMAfTo7OzFjo3j2CvdwlaelYtWI5M+mSnX0Z0bHsCyK1rXOnTsz1x8XFSIiPZ8YIIeR5Sk/PwDNOgvplW1sAFQOmjYyMmHuu5uYiNTmZGXveIsPDBS9o2nW1QT9XV25cU7/88ivybuQxY6NGj2auE0KqT6sT7sfijgEArK2tMXoM+w1gsEdFAj0nJwfHjh1Tiq1asw45OTkAgPETJlQ9FACwYvkyeVI5vsrxAHA87igAYJSvn1KyXsZzyBAAQPiB/dWqAq/p+ev7eEIIIYQQon1Sk5NRUlLCjNn+l5QAgC3bdiA5hT18bsibQ5jrhG3c/73PXM+7kYdNmzYzY5K0dMydM4f7bwAAYfvCuLHaNNTHBwaGhsyY9PJl5johhDxPvOGnzUxM4O7lJX/s5ODA3AdoPnC1LmRnSSHJyODGW7ZogdF+fty4poSq2729fTBl0gRmjBBSfVqdcC/6ryqnS5eucHR4lbln3BhfWFtbAwCu5V5Tiskee3h4MZPJMnYvV/SlzKny5r07OASJSWcBAK869FI5DgDmzp4p//NlFwjUVdPz1/fxhBBCCCFEO2VlZTHXjYyMlG5PP3niBHOfm5s7PN3dmDHCNuuzGfD29mHGNm38UaVSXZZsj4sTLmo5FBEuGK9NL1mwe83fLihgrhNCyPMSFhrKvZBs3bmz0mN3Ly80NzVl7i0oLKz3KveIyEPcSv1mzZrh088+Y8aqS6i6fdiIEcx1QkjNaHXCvbj4sdgWAMCVK1dQXl6u0nKmqOgOAOAFzqRqGZP/4rLks8w5SRqAigp7WasVFvseFRcDrl9XTviLqen56/t4QgghhBCinYru3mWutzFTHhZ37Cg72dv39TeY60SYUOLit1+Ve7mvW7dONNkOVFTIL/tmhdi2WmHXtStz/VlpKSLDn1/inxBCqrqex04YGxkZYeSoUSrr9t26MXZXOHHyJDdW13bt3ImHjx4xYwaGhnAbOJAZq67GVt0+eco09HHpK7aNkDqn1Ql3M7M2ACqGmlanncnvu39FeXk5DvwhfBtmcXExAMgruauud+nC/h9PGdnf8y6nTyZPTc9f38cTQgghhBDtdPfePeZ6W3Nz+ddrv/uBW/Hm6jqAuU6ETZk0gVvlvmvndnmV+/gJk7Br53bmPpYzf/4ptqVW9HN1RTNOsdLVa1R8QwipH7FRUdwktVXHjsx1dy8v7jDoh48eITYqihmrSwnx8biam8uNO/ToUWtDUmWoul1zKZJz6NKlC/T09MS2yvnPD5Qfo6enh2HDR2LVmnVih4nynx8oP6fYf6y5lIrn6ePSV2n/J5/Owu7gEO4xipYsDYKn5xD5sX1c+sJ/fqDYYY2aVifcO1lVDu5Zs2oVcyhqbUg8cxqAauJZVtEtViFv9l+l0JUrmvU2rOn56/t4QgghhBCifYQqkYf6VCaD0ySpzD3UTqZmxKrcp384Q6NkOwBERIQ/t+GpVVszyNy9d6/e2zAQQhqn7P9m81VlYGgIJydHZgwAXn/tNW4sLZ0/zLouZGdJkXD6NDfeoX17pc/o2iBU3e7m5t5gqtt3B4fIE9Pbtm5GYtJZjRPKivYG75XPgxRzJDoWfVz64tsVQUrHhB/Yj3lzZmHsuPcEjhYnK5Strt3BIfK/X9WuHj+sX4d3/UZjydIgztEVhg0ficVfBCImpvIiVWLSWXy7IgjDho8UOLJx0+qE+9zZM+Hi3AdARZX7R9OmITIiUuQozWz8eav8SSfr5S7zz39PbFmFtxh1X5AyNT1/fR9PCCGEEEK0T35hIXO9aj9baidTN6ZMmgBf3zHM2K6d27Fp44/MGAAMHDgIlh0smbHnNTy1Z88e3BhvNgAhhNSV1ORkFHA+1zp26AAbWztmDAB6OznBQuHOLkWPi4ux5eefmbG6cCQqmtuDvpmJCVwH9GfGakKout3NnT/nUJf4zw/Eu36j8e0K1aSxugllRUeiYxEawr5IUVWK5By+XLhQJZGtaM/vv9Uo6V6T1s4pknP4bvVqwb8fACz+IpBbjf/Jp7MQfmA/MwZUXFiYPGUaN96YaXXCHQA+mzNH3uolMeksflhf8STYtWMr/OcHVutqlaKwkMrjh3oPVYo9fPCg6nYmk2bN5F9r0vqmpuev7+MJIYQQQoj2uX//PnO9rcJATGonU7emfPCB2BYVbm7uWLN2HQYNZidBntfwVBtbO26CKvf6deY6IYTUlcSkJG7Mvnt3bkzGfbAbDAwNmbGbt24hLDSUGatNYaGh3FZvANDXxUXwwkF1CFW3Ozk6I3CBPzOmS1atWcdMtFe1+Av1cocpknNYs2qV2sWmP/34k1Iy+3P/AJSXl6O8vByLv1omz2Xu+f03jZL+ivJv3QIA+I19V35u3n/Tp05WOlbx7+fi3AcrV6+V792weQs8PLzke0P2qD5XjkTHynOwgOr3J7Nt62bBdjaNldYn3MeN8cWPGzbBb+y7Sus5OTn4dkUQ3vUbXe2rKf7zK2+JmDT5AwzxbBhX+AghhBBCSOOUmpyMx5zbjzu0by//mtrJ1C1Pdze8P36i2DY5yw6WWLV6NRx69cRbQ72Ze57n8FRLheeKopKSEiTExzNjhBBS27KzpCjiJKotzM3V6nduY2sHizb8u/ozzp+v06R7Qnw8Lkil3Lhd167o5+rKjVeXUHX78HfeYa7rGsUksc+wEfhtz15MmvwBXJz74HBUjFIeMfj331mnUPLVkiVKbVOEpEjOYdvWzfLHK1evxYrllUnoLxcFYGnQcvnjQwc1v2ieIjknT5ir25lCJkVyDsePVRTMujj3wU+bNmHu7Jny+PSpkxEdfUSedE9MOqtS5a7YYeRz/wCV72/l6rXyx/HHjoEo0/qEOwAM8XTH77t/xeGoGMz4pPIJIrNt62aNb9FQvBLm4twHH338kcgRhBBCCCGEaLdczjA2IyMj+S/0krR0bjuZhnKLuTZ49z31fj+x7GCJlWvWwaFXTwDAGN+R3MGrcbHP527ToT4+MDIyYsYyL1xgrhNCSG2LP3ESz0pLmTH7bt2Y6yyDBgontOsy6f7nmTPc76F1q1bwGzeOGauJxlLdLktG+419Fwf+CMO4Mb7yuCyP6DOsYq5K+IH93LmQKZJzGDZ8pGDrlKr2Bu+Vfz1p8gdKyWyZcWN88bl/AICKhLamVeBShTZuZgIXjViOHTsmr9R/620fODq8ytw3YXJlVfy1XOX2NYciKy4SuDj3UUq2y8ydPVP+8008e7rO5m7qKvZ9NVpKVoH+w/p1WPzVMhTduSO/vWHP77/h5Ve64ctFAUKnAFAxNGDDj+vljz+bM4f75CPPV2RkJIqLH4ttI4QQQgghDLm57F6fhk2aICSk4pfDI1HR3Kq3F4yN5PtIzb351lAcPsSfQfXSS+0w7r33oI9SpZ+7uQX7F+u4uFjMXxAAx969mPHaZGRkxOw3fKeoiJ4jhJA6d+vWbTzgtME1NjLG7cICpfeimNg4FP9TDDtbW7xsZ6tyTPMWzfHwwUOVdZmM8+eRX1iINm3MuHs0dflyNp4+fcqM6evro2WrlnXyfhoSGsb9nO/Zq2ed/JnqamvRFv0H1Lx13Z3CO/Kv3x42jLuv/4AB8kT6sWPHVHJ/G3/eiu0//yxP3nt4eKG1mRn2/P6byrkUFRUVyb8e7MEvVnjVofLz+nxGJncfy62bN+Vfd7XtKrBTleLPx7tK+2xF48b4YlGANXJycpT6xe8ODpEn7Ae6DeYdLv/55uTkMH++jZlOVLjzrP9+LTZs3iJ/nJqSLLC7wpHoWHy3erX8ibP4q2VKV8EUNW/RgrleVfHjygSxJm1panr++j6eEEIIIYRolydPnjDX/6cwk6dqBZPM4MHusOzQjhkj1ePu7s6tFAeAYcOHM5PnQ7w88dJL7H+L9PR05npta9WqFXO9rKwMd+5UJhoIIaQ2/fXX38jOvsJNtgNAq9bK70+BgYvw8+ZN+O2XX/DFokXYuetXlWPat2uH1q1bq6wrunPnTq29v+XmXuMm2wGgbdu2aNq0KTdeXXk3biHh5ElmzL57Dwzx8mTGdI1iwpuX0wMqqrBlfcdZVehVk+3frFgBE5PK/2fiKSqqSGhbW1sL/vnjxvjKe7nLjlGXYtLczlb1IpIQ2c/H2tpaNAlu30M1fjnrsvxrxYsGVdnb28u/Vvz7Eh2rcGeZPnUy4o8dw57ffxO9/eNIdKzSBOEZn8wUrIh/wcQEgPovCtmLSF01PX99H18Xhg7lX3kjhBBCCCF8sVFRKCsrY8bc3QbBxtYOkrR0HOW0kxk02B2+vqOZMVJ9x+KOIYIx8HR+wEJ8s2wp44gKR+NOYNPGH1XWM9PTYdP1ZXkLmrq0bu1aPHz0SGX94cOH+OgjaslJCKk92VlSxJ84iRsKVb0s+vr6mDp1qvzxiJGjcPlyZesNAIiMOAhnl77MfE9YaCgyzp9XWZe5c+cO2pqbY+SoUdw9YjZu2IBizjwVAOhsZYX3x4/nxqsjOjYO169fx7lz6bh9+xZzj9+77zaYz3mT//JZQEVLGLGksphJkz/A1i2bxLbJyYaZmrUWb/Vi1roNcnJykJOdLbZViSZJ86q2btmk9vcj+14UKRbeCiX7h3i6w9q6okJe8SII0fEKd5mOHTvJvz4Szf4FomqyfdLkD7D++8oG/yyyoQT/CLxRApUvgi5dNLvFo6bnr+/jCSGEEEKI9riWx759vLmpKWxs7QAAhw4fZu4BgLfefJMbI9X36cyZMDNTblEwcdIUwWQ7AIx8ZyRzPe9GnuC/Y23qaGnJXP/3339xNCaGGSOEEE3FRkUhNGy/aLIdAMwVellL0tJx5DC7bdeGH79HcEiYyvrIUaPQo3t3xhGVatLTfdfOnSgoLOTGmxg20TjZvmXbDqz97geMHjMW9vY90KuXA4YMeQsdLTtCT08Penp68PIYjKmTJ2LXzu3MczSU3u0yigl3xX7qmrK2scGGzVvUTk7XhCwfqa68/1q82Pd4FSmSc/CfHyj/99bT08PkKdOwOzhE5CzCFAezKuZWNUn2yy46qFvM21hodYW7np4eANVpuFWZKNwiy5IiOaeUbPcZNkKtF5Psf4yvXKm8lYJF9qRqbaZZr6+anr++jyeEEEIIIdrj/v37zHXF1iDnJBLmHl/fMc+lYrox8hg8CHfu3EHgosUAABubLpg4/v+EDwLg6e4Gb28fZnV8XGysYOJEkpaOeXPn4uhRflLc29sHZWVluHnzBh48eID//e9/GD9xEubNmSXf07NnD2ReuIDy8nKV469yBvQSQoi6srOkiD0aJ5igVtTc1BTTpk+XP/7ll1+5rdQKCgqwasVy2Ha1Ufl8k1WvC1W6y2KaVLqHhYaKvjf2cXFmrsccPYbTp0+jpORf3C0qws0beci/fRvJKUnM/efOpTHXeYa/847YFp0yyG0Qvl0RBAD4dkUQ2pi3YbaMEfP7btX2Q+po2079FnxFd6uXiJbl6v4pLsboUSPlrbFltm3djG1bN+Ny1jK15lmyKF6s6GSlmHCv+DurU8Ev+1mwKuUbM61OuLs490Fi0lmlxv0sYj3GF/j7K/VkOvCH6lVOFlmfopycHOwODuH2ZcrMqJjEq3g1SB01PX99H08IIYQQQrRDanIyHnPuWrS2sgJQkYQNCQlm7nnVwYG5TmrPsqWLxbao6Pv66+yEe1wsgkPCMMZXtQo+OCQMS75chIsXL6jEFLHO+/nc2QAgT7rb2NqhaVMjlJSoJrSE+isTQoiYndu341peHvOCXlXNTEzQ18UF/Vxd5WuStHSE7t0jcBSQnJKELxYtwsGDB1Ri6ibdb93OxxAvD/mdYjxirWr09fXxRt8+cPPwUIk59nZEqiSVcVTtsLa2blDV7UBF7m/S5A+wbetmABWfWydPnBDt4FBbZBX2iUlnBVvapEjOKSXKj0THqjUbUfG4mJgowb2LvwhEs2YmGl9wSJGcQ2hIxWvI2toagwYNEjmCaEKrW8rY96x4wiaePY0UyTnuvkuXLgKoqFyv6pNPZ8mfnC7OffDNihUqe3gUhxuck7CvHq5as07+Ihg9RrNeWDU9f30fTwghhBBCtEMup6LOwNBQnqCgdjK6J3CBPyw7sNu6HIqMUFlb9s0KzJs9UzTZLiQyXDkR/7Itu63k4+JipCYnM2OEEMKTnSXFunXrkHv9umiy3cDQEJ2trDB33jylZDtQUd2ed4PdSk1RREQ4xk+YxIyp017m7r272LM3BFu3bOG+54kl2w0MDTFowAC4eagOLB082KNOk+0A8NZQH7Etz4VUegknT5xAWmoKCgvyxbaL+ujjj+Dh4SV/HH5gP2JiopCYdBZdunSB//xAbtvpmlIsSBVqaVPddjdJVZ5rHh5e2LB5i3wA7IbNW5S+9w0/rhfMm7Ls2L5Dnu8b5eundNFAduFCk0p+okyrE+7OfVwAVFRg79i+g7ln1Zp18mGpvR2dlGJHomPxw/p18sefzZkj2nuoqlG+fgCA0JA9zBdqyJ6Kq0F+Y9/V+NxAzc9f38cTQgghhJD6V3iHfbuymUI7mTN//snc8/74idRORou95c1OlBw7GgtJWjqAikrP8RMmYWHAfLUSUELOX8hUejx85EgYGLJvjM4USDARQkhVCfHx+ONAOB4+fCi2Fc1NTfGWlxez37k61e2Kdu3cjmXfsIsv1Um6P3v2DDdu3sTByEhs3LBBKfGuTrJ9YL9+KhcMAGD8hEmIi6ubhLBMp05WovML61pmRgYiIyORnp6O/IJ8XL5yBWcTE2ucdHd0eBXR0Ucw4xPVyu6cnBx8uyIIb3o6ypinAAAgAElEQVR5wH9+IOPomhnkVlkNHhqyh9lL/Uh0rLyCXFMF+QXyrz08vBAdfQTTp06Wr02fOhnR0UfkSfecnByNkvur1qyT50tdnPuoFNg+pLvYakyrE+7Tp06G39h3AQA/rF+HyVOmKcWXLA2S3+7o4eGl0rMoZG/lE/5z/wBuyxQho8eMhotzH+Tk5ODLhQux8eetACpeOMOGj5S3qhk/YYLAWfhqev76Pp4QQgghhNS/onv3mOuy4XLRsXHMFiIA0MuhN3OdaAeh4amh+8IQHBKGuXPmcAflaaqoqEhl0OBLFhbMvbdu32auE0JIVWGhoTiekMBtfyZjYGgIu65dMXPWLPR2Ui6qlFG3ul3RwoD52LJtBzM2ctQoODk4QF9fPEVWUFiIg5GRWLd2LXZs21btZHvgosW19r4NAJYdLOHt7YO33vJG3z6vwdvbBxMnTUFu7lWxQ+uMLNF+8dJFFBdXtoIGgCdPniA9PYNzpGbWf78W5eXl+Nw/QKnqW+bbFUG1nnQf4ukuz1fm5ORgUcB8LFkaJI+vWrMOXy5ciJycHLg495Gvt1EY+ivky0UBKC8vx+GoGMyeO5e7TzEmSU3h7lO0OzhEaV7LxKlTqcC2DuiVi93DowWGDR8pr2Jn8fDwwjcrVqg8Qbp06aIyVEAM68exOzgE361ezZ0ovPgr/oCCJUuDsPiLihf2hs1blK5IydTk/ED9H08IIYQQQupPQnw8jh4/zoy9O9YPNrZ2CFy0GEFfL1GJW3awxPW864wjiTYZPdqP2X/fxqYrSp480TjxJCZg4ZdKPeeFnmODBw5kJpMIIQTQbDBq61atMMTLU7BfuiQtHcPe9ma+7/V26I0WLVtxq8YtO1hi5Zp1zPkXAHA4IgKJKeolLcUIJduXfbMCCwPmM45is+xgiVd7OaC1mRmMjIxg1sYcnTtboWPHjvB0dxM7/LlLS03Bzdv5Kkn2qkxMmmHo0KGCezQ1eco0ZKafw8SpU3E4MlKeS7S2tsbe0DC1EsuTp0yT94YXSpkeiY7Fxx9OE8w7enh4waG3o3zAa12kYD09hyAmJgrW1ta4cuWK4N4j0bH4cuFCef7vc/8ArFi+TGWfLA/r4twHZxPPqMSru7cx0eqhqTIH/gjDkqVBuHTxAvb8/pt83cW5Dwa6DWY+OY5Ex2qcbOcZN8YXdra22Bu8V/4iAYBJkz/AYA/3alXOK6rp+ev7eEIIIYQQUn9yOP3bm5mYyJMW8ceOMvcMGiw+uIvUv9fe6MdMuGdnX2bsVjZr9jysWf2tynpwSBj2h+1D8J7dKrH0NInS436urkg4fRolJSUqe6WXL1PCnRDClBAfz33vqMqua1f4jRsntk2wun2k72i89eab3IR83o08bN64AbZdbZit1N709sbj4se4eEmKshokRoWS7Vu27RBMtltYWMB39Fi0faktLCwsMGXSBO5ebZOUeBY3b97C09KnYlsBAEZNm4ptqbbpUydj+tTJ8uS5rOWKOgl3dQ3xdMfSoOVYFDCfmX/08PDC7Llz5d03ZDMUa5vlf/3kc3JyBIeypkjOKSXb/ca+y8ynktqhEwl3APIK6/ETJuBNLw/Rqushnu61euXI0eFVODq8qvGT8ctFAfhyUQD09PQE91X3/DL1fTwhhBBCCKkfhZyqQXNzcwDA9p2/4NSpBOYeaiejG2Z9NgO7f9mF5JQksa1ylh0s8cWSr7jJmjG+I3Hr1i1mwj0iIhyStHSlhFQbMzPcuHlTZe+doiKVNUII2bN7N6SXxS8KNjMxwfBhPoJV7TJCvdudHJ0RuMAfALByzTrMmz2TmXSPi4vFF4sW4eDBAyoxABg1egwAIDYqCpkXLuDho0fMfTxCyfbgkDB89eUXjKMqWHawxJbtO7Syal3IiePHUVh0R6McnL6+Prra2Ihtq7GPPv4Ix49VFOReunRRbLvGxo3xRauWLREZESnviW5tbY1Rvn7y/NrOHTsAAGat1WsnoykzMzOxLUiRnMMCf395st3Dwwu/7/6Vu9/MrOLvWnSXPSNIUf6tWwBowGpV4g2qSI2xhicQQgghhBBSU9lZUm4/3HZt2wIADh86xIy3aNESsz6bwYwR7dPfdaDYFjlvbx8cOBghWhkp9O9/PP6E0mO7rl2Z+0pKSpAQH8+MEUIaH0lKClZ+u1KtZHtnKyvMnTdPrWQ7IFzdPvydd+Rfj/EdiWkffczcB1RcVPTxGc6NA4C7lxdmzpqFN/r2hcV/F7DFiCXbeRcBgMp2N7qUbC8syEd4eDgK7hRqlGxv2aIlnHo7olPnzmJba8zR4VXY96ioapclhmvbEE93eR/58vJyXLlyRamY9e5/F6at6+gCQ7HIXAQAWODvj5iYKACVbbmFmJiYAKiomk+RnBPcK0vKy5L0pILOVLjrsnOSNACAM2fgByGEEEIIIdXBGzhmYGgId6+KwWGZGenMPb17OzLXGwqp9BKe/lt5W/v9+/cBAOVlZXj8zz8oLi5G06ZN0KWzNbrZ2/NOozWGvDkEa9esFNvGbSHD4+s7htmuJk2SqvRYqK1M5oUL1FaGEAJJSgoOHjqE8rIywX0Ghobo6+Qk/5xSh7rV7TKBC/xxt+gu933z4MEDGDTIDQsCFwomud29vOAOIDU5GYlJSSi6dw/PSktV9unpgZtsl6SlY/PGDYLzNr5Y8hW3t7w2kkov4eKFi2q3j9HX14d5G3N0tLSslUS7rIuE39h3BSu161uK5Jw80V1XCemiosoqdFY7mbHj3pP/HVyc+2D23LmirXVkCXcAkGZlcfcrtvNWp9K+MdG5hHttt4qpa/7zA/HtiiD4jX1X9AlNCCGEEEKIJm5yqrVamJoCAKJj43Dx4gXmHocGlnC/lnsVKampePbsmdhWuSdPnuH8xQto9r9m6GRV8wRAXfJ0d8Mbb/TjtgcSayHD09XuZeb6hcxMlTWrjh2ZVatF9+6prBFCGpfsLCmioqNFk+3qDEZlUbe6XdGa1d/iRt515kVFADh+/BiuZGdj1Gg/0QuVvZ2c0NvJCdlZUhw7Ho9bt28rxXv16MlNts+dM4c7yBUAvg5arvF7d306feoUbtxSbTHGIku029nZwtyirdh2tbk490Fi0lnkZGeLbcU/alSA15W9wXvlX3ey6iSwU5lsEKk6g1ATz54GUFG5XpX//ED5LExra2ss+fprbo93Ra869JJ/fU6Sxp3tePZsovzrNuZ1c0FBV1FLmTpm0qwZ/Ma+i7nz5oltJYQQQgghRG2pycm491/VdlXtXnoJAHDk8BFm3MamK1atXM6M6SKp9BKSkpM1SrYrysw8L7ZFK7gOGsxc9/DwUquFDIur6wDmenJKEoJDwpTWbG1tmXuflZYiMjycGSOENA4RkYdQ8u+/gnvsunbFjE8+0TjZrml1u6IFAQF4441+3HjejTysXbMSzk4u2LJtB3efjI2tHaZ+8AF8vL1h17Ur7Lp2hY+3N3xGjGDu/+zTT0ST7UJ/f21SWJCPyMhItZLt+vr6aGvRFv379UP/AQNqNdkOVLZnSUw6i40/b+XuU6wwr82WLv7zA6Gnpwc9PT2sWrOOu+94XMXQemtrawwaNIi7r6qOCoNQhb6/JUuD5BXmdi+/ohTbHRyCb1cEyR8vDVquVrIdqOhNLxvyKvseWFJTkgFo/v01BpRwr2NfLgrA77t/pep2QgghhBBSa7KzpIg7dowbt7KyAgCcjD/OjA9292Su66LMjAxkZmbW6C7Yf578I7ZFKyxbuhiDB3sorfmO9kN09BGlAaea8HR3g5OjMzOWnq7cjqi3kxOaKdxmriiPMVCVENI4bNywQXC4aBPDJhg8cCD8xo3j7hFSnep2GYdePfHF4iUwNBRu8JCckoSpkydi/IRJkKSxW7EpcnB0hN+4cfAbNw4Ojuw7xl7r+zpOnlSeh6Ho/fETdSbZnpmRgZMJCSgufiy4T09PD23b1l2iXeblV7rJvw4L4c9NXLWysqWQLIldGxQrwE+eYP8b+88PlA8pHTjIXaO8oGI1PO/7OxIdi107KpPxQ72HKsWDf/9d/vXn/gHcKnWegYMqkvOJSWfhPz9QJb5qzTqEH9gPAHDp85pG319jQAl3QgghhBBCdEzs0TjusFQ9fX30dnJCcEgYklOSmHsGuenOUDYhSYlncfHSRZSJtDAQU15ejrTUFLFtWiE2NhrRsXEIWPglomPjsDe48hfq6nJ0dmGup6dJVNY6tG/P2EltZQhprDZu2ICCwkJu3KhpU4z2fafacx5qUt0u4+nuhqDl38LY2FhsK3bt3I5hb3tj2TfCQyXF+PqOwZn/Wn2wvD9+Inbu2MaNa5OTJ06o9Vlr8oIJBvTvj/796y7RLvPlogC4OPcBAMTERGHY8JHYHVyZmD4SHYux495Taqcyesxo5rmqY9wYX/mfH35gP8aOe09puOgnn85Sqi73Ha1Zsnvu7JlK35+n5xClSvclS4Pw8YfT5NXtkyZ/oFS9vvHnrfJkuM+wEUpDXNWl+Hf+dkWQUtJ9ydIgzJszS/7YlarbVVDCnRBCCCGEEB2yZ/duweRGpw4dAADH4uKYcSdHZ50azMZzLC4OudeuiW1TW0Fh5dAxbecxeBCWLV0Mj8G18wuu3cvsPu4REeEqlZ7UVoYQIiP2eWT8wguYv2CBxi1kFNWkul3RvDmz8OfpsxjjJ15ln3cjDwsD5qNbt+7YvvMXse0qxk+YhNDQyt7dVXl7++hEsv1CZib27w9DfkG+2FZ0aNceQ7296zzRrsjXz0/+dfiB/XjXbzS2bd2MxKSzeNPLQ55sB4BRvn61XoGt+Ofv+f03OPXuJW8z88P6yjYzn/sHMFu5bPx5q3z/5CnTVOKfzZkj/zomJgoffjBFvn/xF4HyZLuLcx989PFHSsfGK9wFGX5gv/w4of/6uPRVOscQT3fM+GSm/PG3K4KU/nwZv7HvYvrUySDKKOFOCCGEEEKIjoiNimIOrZQxa90a4ydOBACkJFUOslLEq2bWFYUF+YiNiUHR3SLBfQYGBjAxaSb/z6y1GdpatIXpi6bM/Y/+eoRrV68yYw3drM9mcGPH45Vvle/t5ITmpuyf4dVavABCCNFuYaGhgp9HzUxM8M7wYdy4Omqjul2RQ6+e2PP7b9izdx/c3MR7WV+8eAGTJryPBYGLxLbKjZ8wCbt2bufG7Wzt8NXSpdy4triWexXnL15AaWmp4D5jY2P07NkTr73xhuC+ujB39kysXL1WbBs+9w+oVoW3mLmzZ+Jz/wDBPTX5s8eN8RX9/lyc++CzOXNULiYkCtxdoYn136/FpMkfcOM+w0bQzEoO4SZWhBBCCCGEiJCkpCAxKQlPn5bilZftMNhDucc0qR2pyck4k5zMjTc3NcXHMyoSpw21nUxhQT7OJibiyZMngvvaWrRF/wHsYaCFBfmI5/RbvZ6Xh06dOzNjDZ2v7xiEhASrrKdJUlXWOlpaIuO86qDZu/fuITtLWqNqVkKI9osMD2e+B8g0MzHB8GE+NX4v+Oabb2qlur2qMb4jMcZ3JAIXLcYvO7Zx/wyZ5UFf49bNm5g5c6bgvAyxZLuZmRnW/7Sh2jM3nqdLl6RiW9CyRUv07NnjuVa1VzV39kzY29vjWNwxhIbskVd9AxVtVgZ7uGvcu1wTK5YvQ+cu1kg6m4htWzfL12vrz1b8/hRb1Lg498FAt8HcZL7iz6Gmtm7ZhI6dOuHUyRPyAbRifz4B9MprMl2IEEIIIYQ0auH790NSZbBiWwsLTJs+nXMEqY7sLCn+OBDO7dtuZGSEUSNHyJMb0z+cgU0bf1TZ5+TojKRkduW7tpNKLyEzM1O0h6xVp05wdukjuCc2Jgb3H9xXWW9i2ATDR4xgHNHwBS5ajKCvl6iss54z2VlS/PY7u+q0R/fuGDlqFDNGCNF9CfHxOJ6QgGecymcDQ0MM7NevRj3bDx0+jLCQvUhlXPADavezLDo2Dls2b2ZecKzKydEZc/3nM9uyiSXbezv0xvKVq2qtFVhdCw0N4Q4j19fXR0dLS9HP2voweco0ZKafw9nEM2JbtYan5xBYduyErVs2iW0lOoRayhBCCCGEkGrLvHhRZS2/oAAJ8fGM3aS6hIakGhgaot9rrylVEvLayfR3Hchc13Ynjh9HRnq6YLJdX18fPXv2VCsB0LYtuxrvaelTnRmeWttcXdl3BCSnJCE4JExpzcbWDq1btWLuv3X7NnOdEKL7EuLjcfzkyTpJtkvS0jF7zucY9rY3FgbM5ybbgZpVt1fl6e6GvXv34Oet29Gjh3DleXJKEvxGv4PARYuV1sWS7W5u7tiybbvOJNuTEs9yk+1NmzSBvb29Wp+1RD1XrlyGiYmJ2DaiY6ilDCGEkAYnfP9+ZF68iKdPn0JPXx+dOnSQ9zQmhNSe7Cwpnj59yoz9eeYM2r7Utsa3kxPxoXTd7OyUkhtrv/uB205myJtDmOva7M+EBBTc4X//wH89ZO17qN0Oxr5HD2RnZ+NpqerzV5eGp9YmT3c3ODk6M5876enpKhWd7V56CXfv3VPZS21lCGmY4mKikXD6DDcRC6BayXZJWjp++eVXhO7dI9raBahoy6Jp73Z1TJk0AY69e+Orr77CH/v3Ce4N+noJLksvYUFAANatWyeYbHdydMaq1at1oo2MzM2bt5jr+vr6GDa8cd4FVldWrVmHnJwcdLLqJLaV6BhKuBNCCGlw0jIy5L8MlJeVIff6dfy6axfee/99kSMJIZpIT8/gxv558gSxR+Mo6VZDYkNSO7Rvr9K+g9VzG6iosPN0163+7SdPnEB+Qb7gHhOTZnB2ctS4h6yFuTlu3Lqpsv7or0coLMjX+HwNgaOzCzvhniZRWevZswe3h3N6ega99uvBlp9/xt9//w1DwyZ44/XX4ODoKHYIaQSOxsTg4iUpmjQxhIuzc7WeF3t270ZWdrZgsr1H9+4aJdu37/wFv+7ahbi4WLGtSsaOe09sS7U59OqJ/WGh+P6HDQj6egkKCgq4e0NCgnHk8CH89fdf3D2WHSwx13++TiXbkxLPMi9GAxXzO7SdLrVlWbVmHebNmQUPDy/MnT1TbDvRMZRwJ4QQ0qDs2LaN+cvA1dxcqrgjpJaJtY4oKCxEWGgo9XOuIiE+HmnpGXj06BH09PXQqmVLvPDCCyr7nj59ipsCP+PmpqaYPGWKyvqxo+zkRd/X32Cu14XCgnxcyb6CO3eL8OzZM5i+aIrB7u5ihynh9VlX1LJFS7hXc0hvF5suzIQ7AFzJvtIoE+52L7/MXI+ICIckLV0paWRjawcLc3Pm3RfX88SrVEntWr58BUpKKocJh0dE4N69ew1uiPXO7duRd6ui+vZ/JiaYOWuWyBGN26aNG5GvkDQOj4hAqkTC/OxgSU1OxomTJ/Hw0SPBfZrMbtiybQfC//gDBw8eENuqxNjYGGPHvYfvv1srtrXGPp3xIfr3ewPfBAUJ9nYXS7avXLOO2e9dm/Gq25sYNqE2MrXsfy++CJ9hI/DhRx+JbSU6iIamEkIIaVBWrVzJ7XPc3NSUfjEjpJYIDU1UZGBoiLe8vNDbyUlsa4OVmpyMrKwsFN29iwePHnF732qi6pBUmbXf/YDZMz9hHhMVc7ROK9yl0ksoLCjEo7/+QnHxY5W4nr4+bDp3Rq/ewtWVhQX5kEjS8Ogv4QSPhbkFBmhQTclCw1NV6enpMdfXrFuPWZ/NUFqLDA9HskS1+h0A3h46tFG/7p8n1vBqAGhmYoK58+YxjtBNO7dvR+7160prDe17rE2xUVE4dYY9ONLIyAi2NjaCSfLI8HBIMjJEP7M6W1nh/fHjBffIBqH+sW8ft+UZj5OjM4a/806dtJFRB2+gtBBdTbYnJZ5F7rVrzJg6A8kJIZWowp0QQkiDkZqczE22A8DDR4+wa+dO0V8KCCHihNrJKHpWWoq4Y8caVeLtz5MncSUnB4+Li/Hg4UOUlJSIHaIR1pBUmefZTuba1asovFOIe/fu4+/HfwsONAUqWnxdvnIFN2/nw8amC+zsVKupCwvycTYxEU+eVFbqspi1Nqtxsh0AzFq3Yibcn5Y+RWZGBux79GAc1bD5+o5hVnSynltDfXy4CbmsrKxG9bqvT4V32HMHikVeR7qGdefE4+JipCYn03OtitTkZJxJ4ie2S0pKkHH+PLKys1US79lZUhyJimbOaKiqmYmJ4P9XR8fGIWxfGA5FhKvVn11RfSfaZZYtXYyePXti1Yrlal0s0NVkOwAU3iliruvr61OynRANUcKdEEJIgyFJSxPbgqu5uUiIj9eoxyQhRJVYOxlFj4uLsXXLFrVvYddVkpQUHI6K4g6SrS1Vh6Qqeh7tZFKSk3A1N1ewl6+Q4uLHSE9PR971PHS1sZEPOr129SrSMzMEk+36+vqwt7dnJuuro1dvR+Reu87sV5ufn692wj0lOQlmZmboZKXe0FZt1pXzs72QmclcN2vVitlW5sZNdrseUvuKOcUG5WVlDSYZHRkejjLOew5d3FGWnSVF3LFjePbsmdhWpcS7k4MDACBZIlHrQrHQnaOBixYj+vAhtRLUVXl7+2DYiBGYMmmC2NbnZozvSNh2tREdkKrLyfbMjAzm3WkAYN7GnLlOCOHTF9tACCGE6IrbAoONFCWcPo3sLKnYNkIIR3aWVK3KN0U3bt5EZHi42DadFn/iRJ0n283btOG2AFj73Q/cCkJX1wHMdU2dz8xEztWr1U62K7r/4D6SU1Nw8sQJnM/MRHJqynNNtsu0bt2auX7/wX0UigxsTUlOQkjIXuRcvYrEpCT88ccfgvt1Ae+5kpyShOCQMJV1y/btGbsrK49J3bv/8CE3lpuby43pkstXrnBjVdvMNHaxR+ME7/hkKSkpwakzZ3DqzBnRZLuRkREGDxzITba/1vd1BH29RONke//+A/Dz1u04ePCAViXbZRx69cTOHdvwddByGBsbq8SNjY11NtkOANc4ryN9fX3Y2dkyY4QQPkq4E0IIaRDCQkNFe0zKlJSU4EhUtNg2QgiHUDuZTpaW3JgkI6NBJ+Ae/f232JYaaWLYRHCw1ulTCcx1b2+fWmknc+3qVVy8dFFsm0bKysqQX5CPCxcvCLakMTY2Rv9+/Wo92Q4AHQWes1ey+Um+pMSzyLl6VWnt6dN/ERkRwTlCN3i6u8HJ0ZkZS2f0CR/q4wMDQ/aN02fPnmWuk9ojdiGT125Gl6QmJwsO7SwpKUFCfDw33pjs2b2becdJbenQvj1GjRzBvcvKx2c4zpw9zYyxmJmZwc3NHdt27MKJE/FamWivKnCBP37csBlmZmbyNWNjY3z1dZDOJtvFqtsb4xBxQmqKWsoQQghpEFh9PYGK4W+sSsy79+4hLDRUcFgUIYSN106mdatWmDBpEnd4cUPu556anIxykR7mil544QWYvvgiWjRvjqZNm+Lvx6q/6JY9e4ZHf/2FsrIyvPDCC5g2fTrjTBUkaenMvtsA0Pf115nrmigsyEd6ZoZGle36+vpo2rQpSkr+RXm5+j+bqoyNjdHHxaXOfuHv1LkzLkmlzCGtRffuMo4QHixX/E+xzvd/d3R2YVanpqexB6S2ad0a+Yy7zO7eV+2PT2pXvkhy9YFA9buuSBToRS4jvXy50bcLjI2KgvTyZW68RfMW+OfJP6IV7CwGhoZw6NEDQ318uHumfzgDBw8e4MYVOTk6w/PNtzDqnZFw6NVTbLvWmTTh/zBpwv9h5eq1AIB5c9jV/rqCqtsJqX2UcCeEEKLzhCqf2rRujcIi9gCgC1IpzKmfOyEaEWon0+6llwAAboMG4VBUFPOuk4baz12sbUMzExO0bNkSbc3NYfeyHXPgaU0cOnyYG3vrzTe5MXWoO8gUAExMmsH0xRdhbmEur0YvLMiHVJqFfJH2LCwtW7SEu4eH2LYaszBvw0y4P3nyBFLpJaXK+pMnToh+L9nZ2TA3b1NnFwnqmt3L7DsJIiLCIUlLV0mQvWRhwUy4P3v2DNlZ0lp/vpNK90UuapSUlOh0H/fsLCmK1Ghhpm5bwfq2c/t25N26BQD4n4kJty2LplKTk3FG4A6y5qam+GzmZwAq7grNys5WO/HeulUrDPHyFHwdL/tmBTZt/JEbl/H29oGbuwdmfTZDbKtO0PVEO1Bx9xpVtxNS+6ilDCGEEJ3HG5ZqYGiIDz/+GK1btWLGn5WW4kxiIjNGCGETaifTs2dFRW9vJyc4CFT33rh5E4d0vO1GVby2DS+++CLeHeuHufPmYfKUKRjq41MnycdzEnblsa/vmBpVD6qTbDc2NkbXLl3gOmAAhg4div4DBiglqM0t2qL/gAFwcXKG6Yum3PNU9byS7UDF8NQmhk2YsbzrlXdQxcbEiCbbAeBp6VPB14q2E0qGHY8/obLmM2IE9PQYmwFIL9HMlLqSmpysVq/urKwssS1aKzk5Ra2Wgc9KS0Xb69S3DT/+iNzr1/GstBTPSkvx8NEjrFq5UuwwUfIhqZyfk5GREbyHviV/PHLUKIwaOQKdray47aAAwMDAAD26d8eMTz4RTbYvDJjPjRsbG+Pd995HVMxRHDx4oMEk2xuKy9nZ3JhQyzVCiDBKuBNCCNF5vKqmlywsAABDvDxhZGTE3COrtiWEqEeonYziL+RDfXzQgTNMEQCSUlIgSUnhxnUNrwLTqmPHOkmwKxJqJ/OqgwNzXV1JycKDTFu2aIm33/ZBr96OolVwnTp3hteQIXjl5VdgYtJMcG+Hdu2fW7Jdpnnz5sz1h48eorAgH7ExMbj/QP0WKfcf3Edaqu4+x319xzDX0ySpzPWWLVoy1/Nu3mSuk5oTu7NGpuguuzWSLtBkIOpVTpsnbZCdJcUdxr/D4+JixEZFMY5Qn9CQVANDQ/R77TWVzyEbWzu8P348/HxHMWevNGnSBG8NGSLaenHLth2CyXZra2uERxzCr7/srJVZIuh10I4AACAASURBVKR2Xbt6lfu51rJFS3Tq3JkZI4SIo4Q7IYQQnSY0LNWhVy8AFb9UOAkknW7cvKn1VVGEaAuxdjKKJk+ZgmYmJozdFY7GxXFjuiQhPp77PiSr+q9LddVOJjYmhnubOVD9CnT7Hj0wdOhQWHXqBD191V9HzNuY47U33mAcWbesOYmFsrIy/PnnaY2S7TJXrl5FoRoV8dqoK2dA7YXMTOZ6+3btmOsNoYe4tuJdAK3qgcDAUW0WGR6udtsToOLzKTtLO++oOBIVzZ2BkSyRVPvvvWvnTsEhqd3s7ARbJ9rY2mHCpEnw8fZG61at0dzUFG0tLBAQECDahig4JAxfffkFN27ZwRJBy1fCY/Ag7h5Sv4Sq27va2HBjhBBxlHAnhBCi03KuXmWuNzc1VfpFwd3LC52trJh7ASD13Llq/7JDSGMhdGGKl1h2GzQIBgYGzFixGj3BdcENTgVvMxOTOq9uB+qmnYxYNXd1k+2KnF36YEC/fjB90RT6+gZo0qQpOrRvD9eBA8UOrROdOnfmVt4/LX3KXAcqhsrxjisrK0NSsm5Wubu6DmCuJ6ckITgkTGXdivMZK+shTmqfuon0Z6WlSIiPF9umdXgV602bNmWuAxUtaLRNZHg492I1UPEaiT9xkhvn+SMsDFcF7nLo0L69aIW6jIOjI2Z8MgMzZ80SHNAtExwShnmzZyLvRmXLLUWWHSyxcs06jPEdyYyT+kfV7YTULUq4E0II0VkJ8fHcW2hZPQffHz8ezU3Z/YPLysqwJySUGSOEVOC1hqjaTkZRbycndLLsyIyVl5XpZBKoKl67hpYt2S02alNdtJMRS7YbGxvXWuW+uUVbeA0ZgnfeeQfDhw/Ha68//8p2ReZtzMS2KNHX14e9vT2cnRyhz6jWB4Di4sc4feoUM6bNPN3d4OTozIylp6errPV2cuK2b1O39QlRn9CdNSy8C4PaKjU5mZuk7typE3c+j7Z9n9lZUmRcuCC2DTdu3tSotczhiAicy+DPiWhualpnw8klaelYtWI5N9kOAF8s+YqS7VqOqtsJqVuUcCeEEKKzMjm/wBgYGnIregb0788dEPWstBQ/b9rEjBFC+H3KWe1kFP3f+Pehr8+ucpdevsxc1yW8pFBbc3Pmem3atesX5rplB0sELvBnxoTEHz8ummzv4+Ii2q9dVzm79OEmzqsyNjZG/379YGf3Mswt2qKLQDXgrfzbuMa5I0ubOTq7MNdPxh9jrrfg9MFXt/UJUV8O5yIGb/hvPmfejbaSpKVxY05OjujcqRMz9ri4WKvuqIg/cVLttjjqtpZJiI9HUip7lgKgOiS1NknS0jF3zhwkpyRx93wdtBxTJk3gxuvCtdyriDpyBJGRkTgaGyu2vdErLMjHg0fsdl+mL5pSdTshtUC9/5skhBBCtEx2lpSb/JMNS2Xp7eQEhx78ysxb+fkNouKWkNoWGR5eoz7l7V5iJ2jvFBUx13WFUEXiUB8fbqymJGnpmD3nc/ywfh0zPmiwO3NdyInjx1F4h98LuKEn22VatWRXzipi/Sx69XbkDg4tKytDeia/GhWouL3/8OFD2LdvH/bt26cVSSO7l9l93E+ePIG9+/arrFtyBiWr2/qEqK+Q07e7VSv2c/ChDv0bZGdJcZtzgcDC3Bw2tnYY6uPDLaAQStY/Twnx8RpV3KvTWiY7S4qE06e5/eD19Q2YQ1JrQ8zRYxg7ZjTi4vjvTV8HLa/Wxd6auJZ7FYlJSXj01yMUFz/Gvfv38Mcff4gd1qhJJGkoLytjxtoLDLwnhKiPEu6EEEJ0Unp6huiwVJ6hPj7c1jIAkHD6tFoVRoQ0JtVpJ6OI97osKSnR6Ytct/LZAzGF3mMAYNqHH+Ptt4dh9Jix2LaDXaXOE7hoMYa97Y21a1ailPM+2MuhN3NdSGHRHW5MX1+/USTbAf7wVBnTF025P4uePXtwK4yfPHmCkydOKK1du3oVp0+dwsGD4UhMTsLff/+NsrJnKCt7hnv37yHqyBHmuZ6XWZ/N4MY2/fSTyprdy+z3Al3tIa6tsrOk3JZ69t26MdcB4QuE2kTo//EUvz9egYW2XMg9k5jIjfHupBFqLZOdJcUfB4QHyfZ+tafgkNTq2rJtByZPGA+pwP8fT5v+8XNPtgPAOUaLq6dP/9XJVl7Pg1R6CY/+Yl+AMzFpBnuBwiRCiPoo4U4IIUQnCQ1L1TNsitFjxsLKqjPc3T2xfadqMst1wADuIMeSkhIciYpmxghprITayXz62SxYWXWGlVVnvP32MOa+3k5OaGZiwozpclsZfpUpu0pakpYOx96O2LzxJ0REhCNk7x5Mnvg+evZ8FdM/nIG13/3APA4A1n73A5ydXBD09RLB3rmGhoaCiVKWtNQUgYrJij7ljSHZDlQMT+W1QGrZoiW8hgzh/izMLdrCRqD3bX5BPs5nZiIp8SwiIyORmJyEG7du4glngPCjvx5BKr3EjD0v3bvbM9fj4mIRuGix0pqNrR33da5JpS8RJr3ETnoaGBqin6sr94If7wKhtsni9JZubmqqlEy269qVua+kpERwyPfzsGf3bu5FkeampujapQszBrBby8iS7bxzAhXnrXpnVczRY3j77WHyz+hpH37MOZpNkpaO0aP9MHXyRMHPnffHT8TGDfzPr7pSWJCPfzkXIG7m30ZhgW4855+nrKwsbqxTR/bMHUKI5ijhTgghROeIDUsdMXwYQvbuwbVruTh6NAaTJryvknR3cHTEwP79uUn3u/fuISyUhqgSAgi3kzkcFY3136/DtWu5uHYtFxER4RjoOoi5twPnNmVtqUbUlFCVqbWVlcpacEgYJk4Yj1SJau/djIx0bNr4I2bP/AQdLTti9Gg/LPtmBSRp6diybQfefnsYZs/8RLBvrowr5+cvpKCQX91ub28POzt2a5GGitUCycSkGdw9PBi7ldn36AGz1vzhqxcuXkDutWsoLn7M3aNIKDnyPIyfOIkb+2XHNkTHximt8YYF61oPcW3Gu+OoxX+Jdt4Fv3ucC6faJDYqilvB3dHSUulxP1dX7gUe3s/oeUhNTka2wMyGAf37w2/cOO6FkaqtZdRJtrds0QIzZ81SWZ/12aeIiAiXf0Zv3vgT2rZti9lzPockTbUyXNHa737AsLe9uYO5ZXx9x2Dnjm2Ce+qKVJoF9qXiisHs58+LD6xtTE6eOMG9wGtgYEDV7YTUIkq4E0II0TlCw1LPSy/j2rVcldiKoGUqa/1cXWFjba2yLnNBKqVb4AmBcDuZUMaFqfgTx/H9DxtU1m1tbVXWAO2oRqwOsSpTRYGLFsNv9Ds4d068t3DejTyEhARjYcB89HZ4FVMnT0REhHo/n759XoP/ggVi25Rcu3qVe3u5uVmbRpdsB4DXXn8D3V/pBhOTZjAxaYYO7dtj6NChYofJDXJzg7Gxsdg2tTx58gTH4pST2s/TvDmzMP1D9h0TeTfysP6775TWOlVJisroUg9xbffgIXvYoWyANeuCH1Dxb6DtLfMucS4wGRkZYeSoUSrrvAu5BYWF9fa9/nn6NPcidWcrK/R2cgJQkXjn9aGXtZZRJ9luYW6OTz/7TGV91ux5OH8+U2W9oKAAa9esRG+HVzF+wiQEh4QpxaNj4zB6tB9mz/xEsKodAKytrbEgIEBwT10SmjsCAEV3i5CZITw/o7GQSi8hX6Din6rbCaldlHAnhBCiU8SGpR7nJCWkWVLMnvO5yrrfuHFozakEe1ZaKth/k5DGgveau1N0Fw8e3GfG9u7ZrbIm1FamPqsRqyuf006mhULVoux2/KCvlzD31hZvbx/8vHU7Tp/5Ex6DNatw57XoAoBXur3CjTV03eztMXToUAwdOhSvvf6G2HYVvAtM1VHfSaMPPpgKJ0dnZiwiIlyptYy7lxdzH6A7PcS1WUJ8PLcC3Oq/RHs/V1duIpd3oVAbpCYn465A+zJJWjrc3T2hp6cHPT09WFl1Bjjtn4CKXvDPW2R4OPd7MDIywvvjx8sf93Zygo3AzIhkiQQHIyJFk+3TP/xQZT04JAzr1q5iHKFs187t8Bv9Dt5+exiWfbMCgYsWY8rECaJV7QDQqZMVNm7eAodePcW21omkxLMo4wz+VJTNaVHUmBQW5OPihYvcuEUbczg6sd/jCSHVQwl3QgghOkVokNadoruIi4tlxgBg7ZqVKlU8ADDEyxNGRkaMI4DHxcXYumULM0ZIYyDUTkao1cWpUwkq/Z0BfjUiL6mvzXitcMxatwZQkfD4YMoUtRIX1eXk6Iw169bj4MEDmDJpgth2pnv32T/7li1aNpq+7XXBzu5ldGjHfr7z6OnpcWPZ2dn11o/YoVdPTPvoI268amsZXquMa3nC1bJEHK8XfjMTE3nlNKB84U8R70KhNpCk8e8Aev21vvhi0SIcPRojX7t2LRfz58/nFk4IXUysC9lZUmRw7sIEACcHB5U1sdYyj/76ixkD+Ml2SVo6Vq1YzjiCLyIiHAsD5ovOCAEAyw6W+DpoOXJzr2p8gbc23bx5S2wLAOBp6VOVgdWNzfnzF/C09CkzZmxsjAEDBzJjhJDqo4Q7IYQQnSI0LPXUqT+ZMUWbN25Q6VlpY2vH/CVI5sbNmzrZ7oKQ2sCrPDd54QXs2fM7Mybzy45tKq83XtXvs9JSnXqdpSYnc6tMbW1t5S1kxHquW3Zgt98QY9nBEgELv0RScqLGA1IVCVUIWnas3t+NVHrtjTdgyKk0ltHX10fLFi3RtUsXjBrly21F87T0qcYVuxcyM5GSLN73Xx1TJk3AtOnsgYt5N/KwZfNm+eO2FhbMfffvs++IIeorunuXuV61d77swl9V2vpvkJ0lxW1On38Lc3P8VVyCI0cOqcSuXcvFnSL2z+RxcTFSk5OZsboQf+Ik93PBwtyce/eHUGsZnmYmJsxkOwB8ExQk+tlTXb6+Y3DgYAQCF/iLba1Taakp3AQyS35Bfr0PoK4vmRkZKLrLLhDQ19ev1buxCCGVKOFOCCFEZ8TFRPNvq9XTU6vHcVxcLDZtqkwKyLh7eaEzp+cpAEgyMuqtFygh9YlXeX7tunilat6NPKxbt05praG0lcnNzWWu6+npwX9BoFotZAIWfonredcRFXMUAQu/hK/vGLFD0K5dO8yaPQ8HDkZg2dLFYttFFd5h/xJubGzcKHu31wW7ruxkhizJ/s47o+Du4YFevR0BAD3te0Bfn/1r2v0H95GWmsKMKboslWLfvn04f/ECcq5eRWhoCM6eOSN2mKhp0z7gtpYJCQnG2u9+AMC/k+VxcTF9ltYQr11JW3Nzpce69m8gdAejfbdu+OWXX1HKiaemSrgJ68zz55nrtS02Kop794GBoSHcB7sxY4B4a5mqmpmYYPgwH2YscNHiOrmryrKDJdasW4+9e/fUWwsZRTdvs+/20RdoMZSdfYUba6gKC/IhFXi9t2v7En3WE1JHKOFOCCFEJyTEx+N0Irtax8DQUKWKVsimjT9iy7YdKuvvjx/PTQQ+Ky1FRKRqZRUhDZlQO5k0ifjwT6CiP2zVVk4Noa3Mrdu3mevpGRmIjY1mxmScHJ2xZ+8+ecLc090Ny5Yuxt69e5AqOYc169bj/fETVSqdPT2HYPvOX7Bm9be1kvCQSi+huPgxM8arUCaa62ZvDxdnZ5i+aAoTk2Zo1bIVXAcMUEqyK+rUuTPatX2JcaYKV65eFWwtc/LECZzLSEdZ2TP5Wnl5Oa7nXcexuLgataURay2zdtW3kKSl62wPcW0ndBfQUB/lBKzQv4Gmd0o8D+cvsquPm5uaolnzlgjdu4cZByraoRhwLlLx3qtr25kkfkW5Q48esLG148YB4dYyimTJdtb5gkPCBC/2Biz8Ej9v3Y73x0/k7mGZNv1jHDgYUaO7qWpTZkYG97PLvE0b7l1CxcWPcfrUKWasoZJI0rh3sZmYNMNrb2g+n4QQoh5KuBNCCNF6sVFROJ6QwK1s0tfTx66d25kxnk0//cRM0rsNGsT9BfXho0fUz500KryK86elpTj1ZwIzxvLrrp1KjxtCW5kHjx4x1wvy2S0RZHx9x2Dzli3/z955hzV5fm/8TgBBUBBUQARcKCqKLPcsoDhw1Ip2uue32jrr6tC66tZfbdXW4mqtipOKiiCCIqCMIEuCTBlCBBkKSBXy+yMNJuR53oSN+nyuq1flOedlhPCO+znnPpjmNpkYt7WxxrKvF+P4MXeUlpZix649WPftD3A/dgLe3tcwypleJVld0ildCnw+Hx06dCDGGDWjQ8dOcBk9GuPGjYOTs7NSb/yBgwdDtyVZfKuoqICAsOElFMbjn388kZ2TDbFYTDhSMnw1KCi4VgNYlVnLbNu6FcDb6SHe1KG9djShtg3F21z09ClxvbE4feqU3AaRLOZmZjh58k+lvuK0TYSysrJ6H9Z7+NAhlJeTv389XV2FzRAaw4YOhZoavUKbS2xX5tvu5jYNWzZtwNzZM3H8mDu8fW5iwcIvOW3Neve2xu9/HMWhgwfqZJO3rsik3Jvw+XxYWnbjtEjJyn6CtAb29m8sIiPCUfScfK/C5/PRq2dPYozBYNQNTHBnMBgMRpPm9KlTuBsSQq2yBYBoDuHAxWUMcT0sPFTB6gKQtPXa9u5NOEJCRmYmPC9epMYZbz9/njiBHzdtwsaNG7F169b39vedmCDEU4ook5yUTFxv06YNcf3KFU9s2ba98uO33VYmMCCAek5KTia/NoCkurC67firVizDlk0bMGvGF8pSq4UoJxuFRYXEmIG+gVJBmFH/2NraUK1lip4XVVZqinKyccvPD1FRUXj58iUxX5ZXr1/hYfxDeF+/XuNq9wUL5lOFOqm1DM1DnDZsmKEcmv86rSPFsG1b4npBIflvv7FIpJw31dXV0cmiG2d1u5TTp/+mDh2mff66opCyAcvj8zFs6FC5NZ+btzB7zjxMnfYJjh4/KRezc3CgdrdoaGhQxXYA2LdvH9W33cG+L9auWye3NsrZEYcOHsDlf65g89af0KqV/AyAiZMm4/iJkzUexl1fpKWkUEVkw7aGMDQyhqVldxhTrmEVFRWIF777XTZpKSlI4thY6NKpEzpUw8aIwWBUHya4MxgMBqPJcujgQQgfPeLMUVNTow5unD5jFpavXEkVBU4cP1rpNyvLuAkTYFTFC1WWyOhoBAYEUOOMt5e///oLSSkpEP/Xfvvq1SsIoqIgCFfumfwucfrUKZw+64EKSpWsQCAgrn/+xUziOgBcOn9erqvkbbaVofn0Pk5PR1aWYszO1k7OQqYpkJSYRG0z78wewpsEhkbG6MLxu8jKfoJ7ISEICgqmDsTjouh5Ee4EBqrkCV8VWxtrLFv5DTW+d9cOaDZvToyVlZU16CDLd4WIsDDqHBva+bQjZTaNKr+D40ePYt/evTjw84F6vQaeOH6cWh3eskULlarbpdA8unPz8urVt760tJS43sbAAHYODpUf79y9F6OcHXHU/Qg8zp7G7JnTMXvOPLljZs+dA81mzeTWeDxgjIsLVWzfsm07Z6fnytVrqBu9tjbWWL92NfLzn8l1VF26eL5am8MNxaPERGrM3OzN/b6lZTdoqGsQ84qeF9XovPc2ERMXR73G67bUJdqZMRiMukVtw4YNG5QlMRgMBoPRkCQmCOHufhT5BQWceTra2khJTUM45UFw7frvMHH8WOTmF+LObbJAHhcTgxGOTmhnLF8d1kpPFwmPElFeTq5ifZyRAb5YDHOOQauMt4sL587hIaXqSSQSof+AAcTYu0RgQAAuXLyIzCdPqJYUpaWluHz5EjH268GD0NZpiZDgIIVY1pMsaOu0hIvLSADAv2VlSCBsqIkrKlBcVIRultx+t42Jr68vysrKFNaTkpIhrPIe6ty5M/489TecnUYo5Dcm4eHhxIdxbW0d9O3Xj3AEozEwbmeCJ1lZxMp1sViMwqJCqqiiCmKxGM/y85GRng7dli2g06KFskMqGTigH+Li4hEXpziUsqioCOCpwbS9CVFM1WzWDD2YnUG1CA4KIlrBaGpq4tPPPyccAbQzMUFISEi1fwc7duxAbl4eysrKUFpaCmFCAgrz89G9Rw9ifk2JCAtDmEBQucktC4/Hg6Vld+zetVPyflIBDXUNWFoq2omIxWI8ffoUDjLid13h5emJrGxyp8iHEyfAoLWk80sQGYWFC+ahpMqmSaQgAhMnTZa7Dx0ydCiE8fFQU1NDC50WcHZygq09WSA943EB2zZvor5G6779AV8tXkSMVWXwoIFwchwBW5s+ylIbBVFONrU6Xb+VPuxkXiOdFi3w+vVr5FI6agoKC9GmtUG1znlvC35+N1FE6WDj8/no37/fO/lzMxhNDbJJLYPBYDAYjURgQAACg4OJYpYsnTp2RO8+tvi//3Mlxl1dJ1R6JG/ZtAGPhPHw8DijkCf1mz1bpV3ZopslhgwcgJv+/grHABKv6cDgYBi3M1Y6CIvR9Llw7hyiYxVFIynPX7ygxmpDYEAAMjIz8TgjAy9fvoRYLIamphZcRjpTH67rg8QEIQJu36FWbsuSmZlFXJ8+Y9Z/1XCf406AP7G1fe+enRg9ZjRGOTvCzsEBfrduESs2m7qtDM0+IIcgunz86RdNrkowJjoar16/Isbat2NWMk0Na+veCAoKpv7OuNDU1ASPx8fLl+QKXClFz4tw+/ZtGLY1xLARIzhzZVm7bh1CgoOIFchnTp+CkeHXMDCQt6oAmp6H+NsAbfhnKz094rpsPIfg/U77Hfxy4ACxYjsyKgqFRUWYPmMG4aiaERQcTLXn6t6tGwLu3FW5uh0AwiPCMHT4UOJrkiMSITAgAEOGDyccWXNo16vWBgZy94fbtm6lir+k+9AFCxcSc2URREbht0MHqa+R1Lf9XUEoTKDGulpYKKz16t0b2dnZyC9QtGKqqKhAVHQ0nN8R+zRRTjbS0tKQkZlJnXkFAJbdLJllHIPRQDBLGQaDwWA0GS5duIBbt+9wiu1q6urobWWF6TNmcLYZT/zwQ7mP165bx+k3K+svLWXI8OFUX1RA0pJ96bJnvbYpM+ofZWI7ALx+/RoXzp3jzFFGYoIQXp6eOHH8OPbt3YuNGzfipr8/hI8eobS0tLKivKzsJbyuX1fy2eoOL09PnLtwUSWxXSwWI5xiQzB02DAAkvb0SR99RMwBgJ/376/899toK8M1fO/e/XsKa8OHDyNkNi7ZlGpMDXUN1mbeBDE0MoYFQUzigs/nw9jIGBMmTMT48ePRtUsXqh+8FDGAnKciBFA2mkkos5ahVaOq8jd++NAhbN6yBZu3bMHhQ4eUpb/z0AY103zapZhV4zx76OBB5OblEbIlpKSm4sDPP9fJfY+vtzfyKO8DHW1tdO3ek+rd7uo6Aa6u5EGkKclk32qxWAz/wEClVjrVhfZeNmn3xot9/XcbiEUfUjw8zuCI+zFqnMYPP/wAPz9fYozk2/42I8rJhugpeWiwtrYO1Y/c2ro39dyXn5+PeyEhxNjbQlpKCm75+eFOYCBS09I4xfY2rdugF8ecKgaDUbcwSxkGg8FgNCq+3t4IvHsX3jduICMzk2pjAUjE9hFDhsBl7FgAwLy5c4gttK6uE7Brp7yA3s7YCFDTgPf1awr5ABARHg47h77o0ln+ht3BwQGPU1OpA8ZevXqF5ORkGLZtU9k2zHh78PX2RhjFj7wqZWVlGDBwoLI0OQTh4Th+4iT8bt1CVHQ0srKzUVBQoLSDQ1xRgZLiYnTtptgaX1fc9PHBWY9zSM/IoPrnyqKlqYnw8AgEBt5RiDnY98Whg79Ufjxs6BCEhwuQQBBlEhKEMDXvCDtbm7fSVuaWvz+Knj9XWE9MSkJU1BuPegBwdHTGjxt/UMhtTNJSUpCUTPY5NmxriA4dOhBjjMbF0MgIopwclJSSPbxl0dbWgY11H1jb2FSuGbczQZvWBsh/lo+yf7nPP8UlxSgpfoH27U0586QMHNAP9++HITFR8W+5tLQU9oRuHXFFBdR5PKot266dO5FfUABxRQXEFRV4UVyMSIGg2ufgd4XAgAAkUQZ/jnR24rz/4POA6JgYhfWqv4NDBw8SK+GrUlpaKjlvl5fXylbv7Llz1GtPP3t7nL94Gd7e5Hu2VavXoHuPHvjH87JCjM/joVevXoSjJD9zZmZmnd2z+Xp7I+3xY2Ksf79+aGdigiPux/DNymXEHFmeZGZh/nx5P3cuFiz6En//JT90VZaNm7dg3BgXavxtIy4ulmo1adHFAoaUAhmdFi3w78tSPKMMHC56XgSd5tpopa/YidOUiYwIR3iEAKlpqSgpLeF8fgIAPl8NDg72zEqGwWhAWIU7g8FgMBqUwIAAnD51Cgd+/hkbN27E3ZAQpKSmUgdOSdHR1sbHblMqW4G3bNtOrW53dB5JXF/29WK4uU0jxgoK8jH980/lhjpKmT5zJucQ1eKSEly67EmNM5omgQEBCKlGpVthUVG1huUmJghxxcsLZWUvif60ykhJIVfp1QVHfv8dgUFBKCtT9IWuiqamJgYPGABbh364dOkiMWfUmLEKa59Pp9sOHP71VwCAnYMD9HR1iTlN1VYmn/LQnpOdo7A2YNBgQmbj8jidbs9A8j5mNB0+cHSEujrdEZTP56Njhw4YN24csdrT0MgYLqNHq1TtnpqWhlBCxwaNpcuXE9ezsjJRQrm+07pqLpw7R7SaKiwqqpPK6reR5NRU4rqOtracbcnsOfMwfvxETJ32CXxu3gIgscjT0dYmHi/9HagqtkspKyuDf2BgjTu/Tp86Rd14NjI0RGujdpzV7XNnz8Tc2TPhYN9XIf4w/iEiIx8QjpRQl/dsaZTzqY62NuwcHCCIjMKPP3xPzKlKWHgolq+gd4vIcsbjAn479Cs1vmz5KsydPZMafxuh2dlpaWkprdq2sbOHlqYWMSYWixEVEw1RDrnzq6kgyslGTHQ0SwLkQgAAIABJREFUrl27hnPnPPAoKQklJcXKDqvEoktnZiXDYDQwTHBnMBgMRr1z/OhRbN26FZt+/LHSQoPWRkzCyNAQkyZOkHuovHT+PDHXwb4vln29mBgDJNYypAc0AMjJycGSxV/ijMcFhdjCRYuUiu6HDh6kxhlNi8CAAPgHBlK9Y2nExMUpS6nkho8vKpRUHHGRm5dX563vgETMyswiP7hWpVPHjlizZg2cXVxw/Rrd5mbKR5MV1qa5TcaChV8SsiXCwpKvJBV/5mZkqydVLCcamsQEIVEIBIA8gjdvU7STyaPYRei30mcP428BnSi2CXq6ehg6ZAj69utPjMtiY2ePoUOGoGWLlpx51RHdRzk7YuxY8kyV7CdkIYtkXaLM4iso+O22f6gpIooYbihzXzJwwCAcdT+CK1c84XH2NEY5O+LocUkFtD6lejc3L6/aYruU8tevER0bW+17n8QEIRIpG8pq6upwdnJU2TKQZl926dJFFBbSB63W1T3bU4onu9Qu7fvvvquWB/3ePTtxw9ePM0cQGYVVy5dS4yNHumDP7h3U+NtI6P171BkWXNaPslhziPIvX76EQBBJjTcGMdHRCL57F74+Prh08SICbt/Gw/iHePHiudJq9qoY6Bugj42tsjQGg1HHMMGdwWAwGPXKnj17kPr4MV69elUj8dGya1csXLRITmzfsm07cSAjQH/4kmJrY40F//sfNX73biBWLV9aI9E9RySqkwc4Rv2iitjeSq8VcT1HJFKpwjIxQVitTSUagsi6fQBUJmZJ0dPVxfhx4+SG490J8CfmvhmWqsiCBfOpsxMO/LwPHucvwdqa/BBc/vo1vDzrpgqxrhDGk3/3Rc+fI0IQIbfm6OiMUc6OxPzGglO0MGZi+9uAjY0tTNu3B4/HAwDweDyYm5ljlItLtTZMDI2MMXrMGJibmXPmVUd0dx5Ftq9IplihVD1H+np7Kz0/Pc7IUOkc/C7BtdFn8t/f7c7dexFyL1ghftzdHQBgTLl3eZafzym2azVvDu3m5Op4KTkiEXbt3KnyBrHvTT/q9deiUyc8LylTWt0uZf3a1dQiigcPopTes504fpwaV0ZgQAC1St+0fXssXLQYV66Qr2GtWtHtS2TnnJBYuWIFVcRXV1fH9h3vltgOAKKn5I0NDXUNlTYZAaBDp04w0DegxoueF8HXx4cary/SUlIQEx0Nv5s3cfnyZZw/fw4eHmfxMP4hMrIykV+QX6OB2erq6mjdujX69e0LJ2dnZekMBqMeYB7uDAaDwagXEhOEOHvWg+qZqApWPXpg6scfK6yvWLYcWU8UK3Qd7Pvi5EnlD092tjZUf2kAKCoqwr3gYEBNAwMH9JOLOfTti7DQULx6Rb75LS4uRmxMDPr1kz+OUTME4eE4c+YMfP38EHgnELGxMch58gSi7OwaeccGBgTA/84dTs/y3lZW6GNtTfQWB4B/y8qUti+fPeuBFy9ecOZI0dPVhbqaGvE9VVxaChNjozrxmj108CDVlkCKmro67Pv0wfSZM9HOxKRyfe/+Azh69AjxmMVffQ072zde0bK0MzZCbn4h7twmW/Gkpz3GN6tXIyY6mmgrVfbvv+jXX7WH6YbAz88PxcWKLdzJySmIjZX3SP7ksy/g5DhCIbcxiYx8QHyfaahrYNh/dl2Mpo+ZmTl69rSClZUVeva0gqmpal7rJExNTaGuroanT59SqyYLCgtV8nQfOKAf3P9wV5it8vjxY4wYMYJ4zOuyMnS2sEBgQAACQ0KU2m+JKyrw4sUL9LEhn3PeRYLvBiGLMOhYTV0dM2fNAgCcOHES4eGKgndOTjbGuU6ASTsjoo87Fzra2pg8aSJ6dLeESCQinvukvHr1CgmPHiHx0SPYETz7pfh6e+MhZZCupqYmFi5ahJ07d3N6t1e93jzNewa/m4qDQ1NSkjFp8hRoa2lSv/eCggI8y81Fj549iXEugoKCiBvrmpqayMkrwNbNGwlHSfj2+w2AWPI9ViUhQQgNzeYYNnSIQmzGzNm4dEmxIETKTzt24aPJk6jxt5GY6Gg8IdzzA5IOOWXnJVk6d+6MJ0+y8PIl2U7v5cuXKp3rakJw0F3kZGcjKSkJ8Q8f4uHDOERFPUBmVhZyc3NRWlqK8vLyalevV0VbWwcdzc3xgaMTOnXqzLm5w2Aw6he6CSCDwWAwGDUkMUGIS5c9qRVZXPB4PKirq6NXjx6YINM2LOWI+7EaV7fL8tXSpQgNvYecHEXfZQBIz0jH8qVLUFJSjPVrV8vFJk2cwPnz5ebl4eAvv2DRl2Q7DYbqeF2/XlkJVw5JRZq0Gu+mvz/0dHWhpaWFVnp6aNO6NVq3aYO83FyUlZUh77/Nnmf/PRAXEgbsVqW3lRUmT5kCAAgKDiY+TKdSBqRJiQgLo1YM8nk8tG3bFq309GDavn3lTAJfb2/cDVG0Sih//RphYeFyHR41QRXLAAN9fYwZ7UL8WsF3AwlHSDa5lPnEbtm0AX4+N4jVlyH3grF3/wF0aN+O+FrnPXuGxARhrX/+uoI2PJn02jY1O5m0lBSq32v79m82VxjvH5aW3QFAYeivLKlpaQCgtJr0AydnnDh+VGH9yZNstGunWIGflZ2tUteRLNIq96ZyXqhvaAJ1K5n5Fw/jyJ0BL1++xLnzF7Bl0wbo6eqqdB0EJGK7rJWfRTdLnD51CkLKRrSUzKwsbNu2DZZdu1ZeS2WJ5HiPOdjaQhAZpXJ1u5SxY8bg8K+/EKu+L1+8iL27d3Des0XHxkK3ZUs4u1RvwChtBsG///6LX3+hV5lPnzEL69euhoVFV/j5KW4UAMDhX3/B2DFj5LrH1n+3gfi3JWXz1p+waoXy4axvE0JhPIQJCcQYn8+v0ZBvZ+eR8L5+HUXPyX8LqWlpaN5cW2lhhar4+vpQZ7/UFXw+H3q6euhqYUGc38FgMBoHZinDYDAYjDolMCCg2mK7nq4uOnXsCKcRI/D9999j3bp1RLEdAC5SvNvNTM0wdswYYozESKcPkJ2djSlTpnLmfbtuDRYukveEt+hmiUkTJ1CHkAGAKDcXhw8dosYZyvG8eFGpAFNYVIQckQjCR49wNyQEnleu4G5ICMIEAqSkpiIlNRWFRUUqiQyyYjsAdKI8yJWVlXFandy+c4caG9i/PxYuWoSPP/20UmwHAGcXF+rwUGUCPxeJCUKVxPbOHTthyVdfEQWsG75+8PA4QziKPCyVxNjx46mxvbt2QIfDSzoqKpoaa0giwsKo9gHZT57IfdwU7WRoHRs1FS0Y7xaWlt3RUcn7QBV7GRtbO+J6OmW4ZE6OCCH37ys918tS/vr1e+Pl7uVJv58yadcOgMTT+86d28QcALhx7SoAwMCAbqchS1WxXcrHn34KpxEjoMYxuBeQCM7RsbHYt3cvfL29K9dpw3ABoLWBAZxdXFT2bpfF1sYaU6YqdkMCwJUrngh/EItJEydAU1OTmAMAIWFh1RqKHhEWRv1ZAgPvUn8GR0dnHD8msfnhmnOSnpGOw4d/q/z4iPsxzop5qYj/rpCWkgJfHx9ERUWhooLckWjY1rBaNlqy2NraQEuLPEQVAIQJQgiF8dS4KsRER8PT83K9iu08Hg8m7dph6JAhcB45kontDEYTg1nKMBgMBqPOkFap0UQpKc21tGBsZITeVlaYPWcOBgwciD42NkotQtZ/twHuf/xOjM2ZuwAzZ3xOjHExdaobsnNyER5GrpoHgPCwUKSkPsaHkyZWrhm0bgPDtm2Q8OgR1Z7kRXEx4h8+hENfsr8og5s7d+7guYq2LLWlqtgOAN0sLRESEkL8/RaXlGDAwIEK677e3niUlKSwDkg2lj79nP4ezcrMhOjpU4X18vLyGrW8SztN8gsKqDlq6upwHDYM4ye+eW9XZefO3cS/DzNTM2zatAntjJUPLBs+bCj8bwUgLS1VIVZUVISCwiL07mVFtpUpKyO+1g1NgL8/sQo/RyTC9Wvy9gdNzU4mLTWF6qPdSq8Velv3IcYY7xft25uipPgFtZMDkHR5vCgqgill2DHNVqZli5aw7K64offq9SuqRRsANG/eHK8JYvzzFy/qzG6rqRIYEICQsDCqzU7/fv3QzsQE7kePES1VpGQ9yYKpeUeYmbRDekYGNQ+gi+1SzDt2hImxER4/fqz0Xq+srAzpGRmIFAjwLC8PUbGxxJ9FTV0djiNGIFuUi++/Xafw3gEk1e27dm5XWJdiaGSEq15exGO1tXUwZ84coLwcjzMyiN+DuKICj9PT0VJHR85OjQbtelD68iVOnCBbG5qZmmHHrt3o0vmNKNre1BThYeFEm8TwsFCYmndEbt4zrFj6NfFnAyQi/sWL5GKUt420lBSEhYUhKTmJavsixd7eDjotWnDm0NBp0QJazZrhSXY20cJFLBajsLAQ+q30qv010lJScO/ePWRmZXLaF9YEDXUNaDfXhk4LHbRp3RouLqNhbt6h2t8jg8FoGFiFO4PBYDDqhAvnzuGmvz9nlZqmphZGOjrim9WrMWfu3Gq17y5ctJha3WNmaoYvvqi+2C7l0MED2Lz1J86cE8ePYuCAQRBEvmmHtuhmiSEDB4LHp19O2SDVmtOYYruUjubkgYKFRUXEAXFc7fLDhg6lxgBg8pQp1Aq8x5TqUBqq2DqpqatjxJAhcpX2JK5Shr594ORMHZZKYu/+/bCy6kWMXbniiXghuW28sKgIgvBwYqwhyc3LI66TbKmamp1MYmISaK6wXS0sKBHG+0jffv2VVro/zkjHTV+6wPuBk+KAvghBBEoIG2pc9Laygl0f8mbQu17lnpggRGBwMPWeSk1NDXYODgCABwIBMUeWG9evK73nUia2S7HoZomly5ahTevWnHlSCouKEBoeTv1ZzE1NYefggF9++bXa1e1SbG2sie87QHL/dsPXD0OGD8eIIYq+6FLKy8vxz9Wr1LgstOvBIw7LnWUrv1HofLK1scanX0ynHAH8dfIEtm/bRn1dHOz7Ytfu3cTY24QoJxu3/PxwPywU+QXKK8KbNdOscXW7lA6dOqFXL/I9CSCxYwoNU/3eQ5STjTu3byMsIpxqV1MdeDw+tLV1YGxkjK5dumD4sGGY9OGHGDN2LJydR2LgoMHKPgWDwWhkmODOYDAYjFpz+tQpRMeS/UOl6GhrY8rkSRikRHSsyg1fPzg5jcThQ79Qc6or/JFYv3Y1Nm/9CWam5Ko9QOI3PWqkE9yPnaxcGzJ8OPra2lKPAZjoXlOKnj9XllJr2puYUMV2AHBwsKe2z98Pla/65mqXNzI0rBRHuOAS+GVb87nw87kBj3PnOcV2TU1NlcT2Ldu2Ux/0x45zJa7TsLWxxtLlK6jxW35+1JiQ4mHckNA6BUQ58nY9TdFO5jnlb0lDXYO1oDMUUEV0f5b/DN7Xr0OUozjMk2Yrk5aaRlwnYWRoiMlTpnDabUm93N9FLl325Kwgt7ayqvx3SHAQNU+Kh8cZ3PD1g4aGBjHeXEtLJbFdli8XL0ZHc3PweTxlqVQ0NTUxaOAA+Ny8hT+OHCbm0Lzbq/IZRwfZX3/+CUByz9Zb5rWririiAkd+J3dSSklMEBKr2wHF64GUZctXYdnX8vaElbGvF8PVdQIx5u9/i+rzbmZqhpWr19T6/rcxSEtJQUx0NCIjBbh27Spu37mD3LxcZYdV0rVLF2UpKqHMSqukpBi+Pj7UuJTIiHAEBQUjOycbFUoGP5PQ1taBbktd6Ovro52xMax69MSUKVMwbtw4DB02DDZ29rXeYGAwGA0PG5rKYDAYjFrxf/v3c1pWAJIH54WLFnHmkNiybTt1EJYsXA9Z1UE6xGrV8qXUr5mbm4ulS75EYWFh5cPTGFdXiHk8hIeHo4LQmgq8Ed1r8jq8j3CJy9UZ/EaCx+eDz+fDzMQEM2bN4sy16GaJNgYGRA/0XJmBnokJQiQkJhI+g6SS3NlJNQHWwcEeiSkpxErAxORkkOv33nDtyhXcV1INrmoV4w1fP1y5fJkYc3R0xjS3ycQYF3Nnz0RYaBhxAy3uYRwKi4qI4hqXxUVDcNXLi/oQXdWqZUATqzpLS0nBq9dky46WLene+Yz3G+lwVOmwVBJFz4sQFBSMHj17VA5eBSQC4t5dOxSuo88oImVVqt4z9OrZkzpUOig4ROm57G3j0MGDnBumDra2GDdBItDu3X9A6T2SlOvXrqNPrx4Kc0HU1NQw+cNJNXodpdfQ06dOUa9dXPTu2RMW3Swxe+58ao6y6nYpo5wdMX3GLOJg0Yvnz2Hp0qWwtbHG5ClT8KK4GCmpqYqfBMCT7BzOoby0uSJFz58jMFBxhour6wTs2U0fogoAS77+Gg8iBSr/LgFgwf++rNF1uKG46euLl2VlqKgoB5/HB3g86uBuVWmu1Ry9e/dCh451t1Hct19/vHxZhmzC5iEA5Bfkw8PjLACJMC4LD5KZBbRrbFV4PB50W+qiZYsWaKkr+T/b9GYw3l2Y4M5gMBgMpfh6e6OsrAx5+fkoKSnBy5cv8aKkRKUHK9P27TFn7lxlaXIIIqOwb98+4kNTVVxdJ9RpNan04eW3QwepVUXPXzzH8qVLIIyPx6GDBwAAY8eNg26LFvAPDKS+Lkx0V500ioWKnq4uli5bBkAytOxJVhby8vMhEolQUloKsVgMDXUNaGlpQk9PDxoaGmitrw9NTU0YtG6tUpV5Vfr17Yt/vLwU1stfv0ZUVDQsulkiKDiEWo1obmqqspBh0c0S7YyMkJGZqRDLEYkQERZG/RkSE4QIj4wkxqQoE9sFkVG4eu0aHggE1EGpAODorEz6p7NgwXyEh95HWLiiL3xaWhqse/cmHNW4xMXFEdfznj1DVpb876qp2clkZSl6AwOSB3+nWvweGe8+qojur16/QlRUFEQ5Igwd9ua9/4GTs8I1PC9XeQWrnq6uwjXS2cUFMXFxxI1WaZW7qufYps7pU6c4h1xbdu1aKbYDgDBe9cGO586exp7dj3H86FGk/3deUFdTh8tI51q/fh9/+ikSE4QICg7B44wMle4P9XR1MW7CBKz/bgN16KuDfV+VqtuljB3nSrx3fP7iOT779BP8depv2NpYY/qMGdi9axdeFCsKwBUV5fC96Ud9TbKqDMmWkpmheN1u1UofP27aRMiWZ5SzI6ZM/Rh79+xUlgoAWLDwyyY7JFWUk43bd+4QvdFrin4rfXS1sKg3cXrosGHw9fFRamdT0w0DPp8Pw7aGcudIBoPx7sMEdwaDwWAoIAgPh7ePL8rKuAcWKYPLG5vGGY8L2LX9J6IYJ0urVvqYM3c+du3k9l6vCdPcJqNbVwssX7YU/v63qHmHD/2CzIx0/LhpE2xtrCvtOZjoXnvy88kPPcZGbwZ01kQ8rwl2Dg64fecOUexJSExEYoIQjymD6KTt8tXB1saGKLgDgCAykvhzSz3buQZ0tTYwwGiXUUQRYe/+A4gURKi0ydWqlT7GjhmjLI2KrY01Fvzvfwibo9hdIMoRAQS9XdnwtPokMUGIUsrXr/o+bYp2MjTxrpVeK+I6gyFL3379UVpSipyndBEYALJzsuHl5YW+DhLrAxtbO4XzSYQgAk7OTtDRka8SlaKjrQ3XcWOJsfehyt3L0xNCDg9wI0NDfPzpp3Jr4aH3KdmKpGekY8u27fUm1Fp0s6zs+FJFeB82dCjOeFygzucBgFFjyO8HGtPcJuM3R2diwcTDh3FYuWIFdu3eDVsba6xYuRKbNm1GRYXidTNHJIKvtzfR976A0mFHOtdu2rJNZcuXPbt34EGkgFrsIcXVdUJlsUdTJCwsrM7E9voW2mWxtu6Ne/fv1/n9hn4rfVhb92aWMAzGewjzcGcwGAyGHIkJQly5eq1WYruaujoGDxigsth+xP0Yjrgfw2efT8fHUz9SKrY7OjrjjMe5ehHbpdjaWGPP3n0YPmwEZ96VK56YON4VR9yPAUDlUC6a7zfAPN2VkZggpLbTm7ZvT1yvS3xu3sLUaZ9g/PiJmD1nHgDA3Izs7V9WVoar165TRYVuFhbVFoLsHBxgZGhIjD3JyVHwLFZlQGqb1q2xeMkSue9l/Xcb4OQ0Evr6Bli+dIlKYjsA2NnZqywg0Jg7eyYWLPxSYb2EUG0IoFYWQrUlLCycaieTEC8/6LWp2ckIhfHUVndjY/bwz1CNYSNGwLR9e/CUeHWXlBTjTmAgIiPCsezrxcSZKLTZHJqa3B7i77qXe2BAAATRZKsSQLIZUXWj/ozHBer9Eu3exY9j2G1VfG7ewvrvNmDn7r3KUuWw6GaJ6TNm4GO3KdRrmZ6uLnjqzfDbIfq90MRJk7Fl0wZqnMYIR/qmp5+fL1auWAFBpGTA+cB+fam5pCHoXp6e1Ot9QpVZI6NGjcbi/y0g5tL45LPPOOOOjs4qVcw3FsF373Lei6iKtrYOenTvAeeRIxtEbAcAQyNj9O/XT+l5TlVkfwYmtjMY7ydMcGcwGAxGJYkJQpy/dJlY7aMqfL4aRgwZIlcVtGnLNowfPxFOTiMxevRYjB8/EeZm5uDxeODxeJg3ZxbmzZmFU3+9GUZKY9nyVbh506dBqkhtbazhH3ALblM/5sxLz0jHvDmzsP67DQAkovtYFxfoaGtTj8kRibB1y1YIlPhtv48I48nCiZq6utIhn7XF4/wlfPrxVHicPY0rVzxx1P0I2rZti8lTpkBTU5N4DG2GgY62tsqbTlXp1bMncb389WuEhcm/Z5SJ7c2bN8eXi+WHtc2eMw9bN2+En58vCpS0UFfl8+nTlaWoxIIF8+FgLy92RAgiKNloNEGtqt+xlMfp6bgfek9urcnZyWSS7WQ01DXQqwla9zCaLgMHDcawoUOh25IsekupqKjAo6QkeF+/jg+cFC2LkpPkZx5I6Wdvq3Rzkuu8GBSsWP3+tpCYIERgcDBVyNXU1MSkiYpDNe8RKv4BiQ3LyNGjiTE/P1+c8bhAjMkye848jHJ2xNbNG/HNyuXo2LGT3MB4VbDoZomFixZhpKMjNDW1Ktel1nCHD/9GreZ2sO+LH374gRhTxnfr16JDh47UuKzo7uzigtYGBsS84pISnD51Sm4tndJ9lpiUpGAv5jZtGjGXi7mzZ2LShx8RY61a6WP+wkW13vCuL2Kio5GRRX59VEVDXQM9uvfAuHHjGuUaZWhkDAsLC2VpnPD5fHTs0KHRfgYGg9F0UNuwYcMGZUkMBoPBePcJDAjAlevX8erff5WlUuHx+fh02lTY2NtXrs2eMw97d+9EQoIQKSnJSEpKREKCEEXVrFg1MzXD7r37sXbNKmWpSEtNgb9/AGJjYyEUxqMg/xnMzMyVHUbFzW0K9PTbIC4mhvP7vnM7AHFx8bDo2g12drYwbNsGycnJePWKXGFaUVGB1NRUDBk6lBh/X/Hz80MxodLZoFUr9Ovfn3BE3XDG4wIWzJujMNivpKQET3KewqpHdxQoGRAsSz97e3Su4YObeceOiBQIiL7wL4qLMWTIEACS4XpcQ4sN9PWxfPlyubUj7sfw48aaCRmzZs/Fhu+/VZamEu2MjcBX18A/nvKDWTt36QI9PT2FfN0WLWr8etYUL09PpFPsgkJDw/BYRox3dHSu8etaX0REhBNb+w30DdCpgaoGGe8OOi1awMLCAkUFBdRKdSll/5ahfXsTJCUmQyRjR5OcnIQWLVrC5L9uJQ0NDfTp1Qujx7nSPlUlnS0sEBYaSrymPn/xAibGRjBo3UYhFhEWBk9PT1z39sbtO3cQER4OzWbN0M7ERCG3MTh27DhKSkuJMTV1dQwbPFjuvkrKjh07kJKiuIExfuKH2PHTVrj/4U68Z9HW1sGHkyYqrEv5accu7Nq5XW6tsLAAnpcvouh5CVxcRlKOJGPWoQOGDBmCESNGYMSIERgwcCCOuB/DD9+vpx6zZ//PcHYaQY0rw6p3H9wNvEO1p0tJScajR4mw7mMDs/YmSEpJgZjQyVRQVCT3vvK9eZNo3fbwYTySk5MqP3Z0dMb+fXsU8lShdZu2OHniuML6l4u/xvKlSwhHND5pKSmIjomulpWMtrYO1NU1wOfzoampBSNDQ4wcNQqGMtaBjYGxcTu8LC2p0bD2Vnp66NevH7rJDJFmMBjvL0xwZzAYDAYCAwI4fce54PPVwFdTg0ErfTg7OsJKppqjNsKeLG5u0/DLwYMYN0bRS5OEr68vysvLIRaLUVFRgaLnz/GytAQmJjW3Ixk4oB+srPsgKzOL+IArJS4uFle9vPBaDIwf76pUdC8vL8fjtDT0sbEhxt9HaA+0Fp07owelwrG2nPG4gFXLl0IkyiHGeWJg2dKvEB0TQ4xXRU9XF59+/rmyNE7ynj5FVna2wnp5eTme5eYiICCAc7iekaGhQmX7GY8L+HbtapU3vMxMzTDpw48wY9YcXL92FRMJVZa1wc7WBtk5uQgPe2OLYNWrFwwIFYfazZs3eLXY1atXiZseOSIRLpw/L7f2yWdfwMlxhEJuYxEZEY68KptHUnpZWaGVvj4xxmAow8zcHOrqaigsLMRrjvuGZs000NbIEP7+/nLrCQkJcB41Gt99ux5Dhw6FZY8eCsf63LyF0S4u+Prrr7Bx40acO3ceXS17QEdLE6KnTxXyxRUVePHiReW1NDFBCP9b/vDy8kJMXBxeFBdDXFEBcUUFysrKkJiUBL5YDPOOHRU+V0OyY8cOzg6lXj16wGWsoo/5DV8/bPpxg+IBAFZ9swa9rHpA+ChJ7twq5cGDSEycNBntjBWFzTMeF7Dh+/XETW8ACAkOwp07d6Gl3QK9rBR/b6ogiIzCovnzqNehZctXYcWyr4gxVenSuROGDf8Ajx4lUu/ZpKK7y5ixKCstIW6oiysqIBKJ4NC3LwIDAvAo6Y2oLktQUBByZYYCz5k3H8OGDiHmKqNL507QaamHrMxMPH0qQssWLbFg4f+wd88uZYc2CqKcbEQIBNT7XDU1NVhnADFdAAAgAElEQVR06QIjQyNY9eyJfv36w8rKCt26dUO3bt3QvXt3dOvWrVaFMXWNiUl79OxpBSurN/+1bdMa2s210bZN28r/tJs3R3mFGFqaWrDo0gUDBg6CTosWyj49g8F4T2BDUxkMBuM9RxWxnc9XQ8sWOmjZsiU0NDRgYmwMLS0tTnuPMx4X8OMP31PjqrLu2x+q5eEZeOc2scImJS0NZmZmtfJRHOXsiFHOjpgxczan33V6Rjq+Wbkcmppa+GrxIkyaOIHT9iMlNRVenp4YN6Fuxcy3kYiwMKLACQAd60kY2bJtO75dt4YzJyw8FOEPYmFkaMgpcksZJtO1MHvOPDwViaDRrBlGfOCI7t0tVbJEGjdhAqLj4oivR3xCAvXhFiD7/Qoio7Br+09Iz0inHPUGN7dp6GNrW2/D9WRZsGA+wkPvV3oRP8t7BnTpopBXF76w1SEiLIzqHZ/4KFFhranZyeTmkcV2LS2tBvPEZby7WFp2h36rVoiNjUNu3huhsSo9e3TH0GHDced2gNz6A4GAcoTkXLVw/lwkJ78RSmNjY7Bm1UqER4QjITGReF58nJGBs6dPQ/T0KXWzSUp5eTlu+vsjOTUV02fM4MytL06fOoVSSmU7AHTq2JFqSxYaSvZuNzM1wzS3yQCAyR9NxuFDvxDzzp2/oGBNIt14zskhbzxL8fPzhZ+fL+4tX4U9u3dw5pLYtnUr9Trk6jqhRp+ThK2NNXbt3o2VK1ZQrWuk9jK7du9G1pMn1A1WX29vpKWTv+fH6emIj39Y+bGDfd9aXztXrViGVSuWKUtrEggEkdRBo3w+H1ZWVrB8Byq+DY2Ma/UMwWAw3j9YhTuDwWC8x6githsZGmLFihUYMHAg7Ozs0MfGBp0tLDirwgSRUVi7+hvEC988gFSXNm3awP3YSXy1WF40VEZ0dDR5SKBYjOIXxXVio/DhpInQ0GyOR0Jua5zr17ygodkckyZNhGHbNngYH08dvpiTm9skqu0am+CgIGL1oqamJtymTiUcUTtUEdulaGvrYMyokUhJTeXMMzI0xPiJknb9Xr1648aN60hIECL+YRyuX/PCnydPYOPGjQgPF8D7hg/CwgVISU0Fj8dXqDgUZWcTXw/a+wiQiO2TJk6Qs1YQREZh5YoVuBsUSD1u8OAhWLDof9i1aze+WvJljavzqktVa5n2pmbo2LGDQh6Px8OAgQMV1uuLy5cvE6s8i54/xy2/W3guY6nR1OxkRDnZiK8ywE+KsaERzMybTiUh4+1Fp0ULdOrUCa/KXqKgsJBqJ/G6vFzBbzwuLpZYZS09V0VEKM43eZL9BKbmHWHazpha5Z6bl8cpYleloKAAYaGh0NLUbHCLGV9fX+oGs5GhIebMnUuMAcCBnw8gLi5WYX3Shx9V2sV06dwJcXHxxLzS4hLMnz+v8uOa3LfVpNp9/XcbqJsAZqZm2LLtJ3TpXPv7NCntjI1g3cdGpUr34cOGUi1onj17hhfFxcTuO6EwAY8ePar8eNonn1Xbdudt5c7t28h7lkeNdzA3h3Uf1sHJYDDeT9jQVAaDwXhPUVVsr1olqwzpw7K0WlUVHB2dMXasKwb0HwhX1wlwm/oxTp0+W1mlpSppKSkoKaVXwebm5SImOpoarw7r167Gzj37FIY+VuXbdWuw/rsNsOhmibGjR0NdndxcVv76NQKDgxttMGRTIevJE+J6K4Knd22ZMXO2ymI7AJw4fhQlr8o5h+GqqavD2UlSvb7kq2WIjaVb0Fy54okTx49i6+aNmDdnFuxs+4DH42HggEHwuXkLAGBt3RtqlPcMCanYXnX44L59+6gVfgCwZt23CAy8g/VrVzfKQLa5s2diwcIvAQClFCuDFw1Y4Z6YIEQupUI2NTVVYTjegEGDibmNRVpaGjXWxUKxe4DBqA02dvZwsLOnXt8GDxwAZ2dFAfLqtWtyH0vvH7jOVZcvXuQcYl0TiktKcNXbW2FAZn3zL6VLSUNDo/I6QsPD4wxx3cbWTu7jgYPJG6dh4aHYu/8AgJrdt0nx8/PFx1M/wvIV3yhLxRmPCzh5zJ0aX7byG5W6v6qLtNLd0VFxiK8UPz9fbPxxEzQo7+HikhLq5ki2zH2LmakZvviidnZybwuREeHIzlG0vZPSpnUb9O1Xf3N3GAwGo6nDBHcGg8F4D6kvsR2QtApzPSwvXrIUv/9xFN4+NyEWiyEWi3Hzpg+8vP5BcEgQ/vnnMs6e+RsjnT6gfg4aySkpylKQmJgIEccDQnWY5jYZvx05glGjRnPmbd28ETNmzoatvT2GDxlCFVDLyspwxesqMfa+UEDpGDBrX3P/fRLKbIFoXL92HZ05uiTMTU0rxe6rXp7UPC5C7gVj3pzZAACLbpYwNzVVcoQETU1Noti+cNFizp912fJV2LZlEzXeUCxYMB8mJia4d/8eMV6TGRM1JSwsnPr1UpMVzzNNzU5G9JRs8aHbUpe1xDPqhQ6dOsHOxpYaH0b4G6lqK6NsYxCQbFQecT+GbnU8QLn89WsIHz3Cvr17G2zjmya421hbK5zHZZEK5SRGVHmdl329mFoYEHw3UKVNDrsqIj6JvXt2wtjYGG5u07B8xTc44n4MN3z95HJ+O3SQaiXj5jYNy76WnzlSl6giuicmPoKHxznw+apLJDkiESIEEZUff+Dk3Cib1g2NUBiPJI57bm1tHXzgWPebJwwGg/E2ofrVhMFgMBjvBFe9vOB3+3a9iO0zZs6mVl0BEmHv5//bi7mzZ9ZLFdOzfG7PVgB49foVYmPjlKWpjK2NNby9r8Ft6seceSeOH8XUqR9DR08fthyDHwuLivDHkSPUeFVOnzqF06dOQRCu2H7/thEYEEB9X1p2p4sP1UEQGYXx4ycqFdudnUcR18+dPU311OXxeBg0cAAAiVWNrP9wdUlLS8WSryT+rb2srJRkSyrrhwwcqCDSbNm2ndq+DwDTZ8yqM7/c2mJrYw3nkZLByDSffF9vb+J6XZP6+DFxPTEpSU5cASQdOvVxPqspaSkpKCkhdwkYGLBBqYz6o0OnTjCmbOh0t+yGSZPku9Y8PM5AEBkFoHqboH//9RcmT5kCNTU1ZamVqKmro4WOjrI0FBYV4fRZD1y6cEFZaq2ICAujXu/GuroS16VEVjkHSXFzm0YUe0eNURy6Ckhe/+3bt3OK7QsWfonwiHAsW76KmiMlJycH586dxd49OzFvziy4jHQCj8fD+PETMXr0WOrXcbDvi7Xr1hFjdYkqonvkg0gIBJHUeFUyM+S7nT6r5bD0twFRTjYSEhKo1nZaWlro62BPjDEYDMb7BPNwZzAYjPcIz4sXES4QABSfVaDmYvuWbduxd88uanz6jFk4dJBelVVbQu/fQ35BgbI0AEBJaQlelb2Ecbu682t1c5sCDc3m8LtJf3CNi4vFo0eJ+GjqNPxb9hIFlO+36PlzPMvNRY+ePYnxxAQhrnpdxeXLl5Gbl4e8Z88gTEjAw9hY9O3Xj3jM20BQUBBx0J2OtjZc62CgrMf5S5g/bzbu3ZP3EpbFzNQMG37cAjt7+0pPcVmKioqgodkchm1a40UV65OO5uZwdHaWVAwuX8bp768K9++HoIeVNUaOdELUgwfUoWRq6uoYMWSIwhDjI+7HsOzrJcRjAIlQfPHieWq8Mch7lo9/PC+je/fuMDAwUIi30tOj/l3UFV6enkjPyCDGoqJjkJoqX9X3yWdfwMlxBDG/MXgYF4ciGX95KXw+H84jyRtJDEZd0VxLE+np6UQ/d30DA8TGxsqdG806dMQff7irLLYDEs9tDc3mMDZsKzdLoSpq6uowbNMGPbp1w9x58zBo0CCo83gQiUScQ6fFYjFyRCLcv38fgwfXj10UbV6JjrY2Bin5mls3b0HWkyyF9UmTpxDPRQYGBrjq5UW8JsXG0G32ps+YhT+OHAYAuLiMRA8razzLe0b1QqeRkCBEUpLioGkpGzdvwbgxLtR4XSL1dM/MzEICpZMhPv4hrPv0QfPmzYlxWWJj4/D4vw1aN7dpWLNa+cbE24goJxspKSlISkzEw3gh/v33X2Ien89Hjx490KFDR2KcwWAw3idYhTuDwWC8R8TEcQ/DsuzatcZiO5cXtqvrBBzn8O2sC2gWCjSSUlLqzFpGyvq1q/H7H0dhZmpGzfHz88X8uXOhqd0SRoaG1Lw4oRCBAQFyaxFhYTh08CBOe5xDUkoKKqoIGqLcXOzcsVPhuLeF7Jwc4rq+fu2qcm/4+mHGzNmYOuVDzqpzM1Mz7NyzD8u+Xoy5s2dSq+D8fH2xYOFCWHbtCj1dXejp6mLIoEGYMWsWAODkyT+pbfOqtObLsmv7TxBERqFrF7LvNo/HI4rtZzwu4McfviceA0jE9l27d1PjjYX5f8M8iwrJmxVVNznqgxSK/3mOSAT/W/IWCUDTs5OhdQfo6db9HAQGoyqGRsYwNyNfA03bm2D4B/J2cRc8znKK7VpaWsT1S+fPY+68edDUlI/zeDwYGRrCwdYW365fj4WLFmGczIbtkOHDsXLVKnRSYUB5aWkpDv5C7xCqDbQCgRYtWhDXpZzxuED1Wqedi2xtrPGBE72qm8T0GbMU7tumuU3GzZs+KlW7q8qy5aswd/ZMZWl1iq2NNf755zKnHeC9YPrGvJSi588RGHin8uNRo7ntBd8G0lJTEBx0F8F37+KWnx+8vLxw/vw5BNy+jYfxD5GRlYnXr+mbVV06dYKlZXdqnMFgMN4nVJ/CxWAwGIy3Gl9vb7ziuEnubWVFtcrg4ozHBRz+lf5A6ujojB831a8/NJeFQrNmmvj3X8VBVxUVFRAIIuFSxw9Ic2fPRMuWuli1fClVdA0LD8XC+XOxatU30NHWRjFhGGT569fwDwyEcTtjCOOFeJSUhEIVKqZLSktw098fyampmD5jhrL0JgXt5+tAEW+UccPXD3/9+adKlZOOjs6Yv3CR3KBeR2dnYgu8n58vjrgfI4oEgsgonDt7WmEdkLTNh4bdByD5u8nKykL648dIS03F7du3kJuruGkUFh6KbVu34uzZ03gQE4uyMvkq984dOyqI7YLIKGza+AP1/Wdmaob5Cxc1SZ9ZqTVLaWkpMf6MMsi0rogICyN2WQBAWqqiEN+hQ8cmZScjFMZTz/PGxsy7ndEw9O3XH5mZWcT34sTxrngQIUDMfwOlq1o0yeLo6IyeVr1w4Od9CrGw8FBs2bYd69euxvGjR5FfUAD9Vq0qNz6VMX3GDPh6eyNMIKAOwwSAPBU756oLrTLfsG1b4rqUeyFkIViZtdXYca4qXQsByedaunQpNb5n9w70HzAA+3bvQsi9YGqeMhwdnRvV0szb+xrs7eyJ78F79++hvZkprDksAFNTUyv/7ejo3OAbBzVFlJMNkegpSktL8PJlGUpKSvC6vJx6H60qxkbGsLFjVjIMBoMh5a2rcL9+wxc8Hg8bN21VlspgMBgMGWLi6L7lNRXbd+zai6+X/I9T2Fu9dm29C3u0Yal8Ph82faypA7CKnhchMqLuvc+nuU3G5X+ucPqEFhTkY/36tYiKjqUOUS1//Rp/nz6DMIFAJbFdlpTUVPz0008N5nldW7i+T2eX6rWaCyKjsHzFN5g7a6ZKAoO02ltWbAckHQu0boU7t28T17mq2yd99FHlv6e5Tcayrxdjz+4dOH/+LA78epj6tTw8zmDLtu1Ys2Y1Whu0hpq6OjQ1tWDVozs+nz5dLtfn5i2MGT0Ksf+JWSR27tmn8LM2JVxdJ6CosJAYe8khjNUFgki6d28kIda9ew9CZuORlaloMwEAGuoa6MUhHDEYdY0Fx1DTIcOUd4VIz8uzZ8+inhsvnT8PQWQUZsyahaXLlqkstktxdnHBlMkfwpRjKHd9DWumXdOVCe4PIuUHzUrpyjFkFZBcc1xdlVuzSV93Zfdt09wmIzgkCJ99Ln8NUhUtLS2sXrtWWVq9c8T9KIYPG0GMhQSHEO25pIhy3nQTOTpXr4OgIUlLTfmvUv08PDzOVlarp6alITsnG0XPi2ottuu30sdQFf6uGQwG433irRHcN27aiomTJmOMy0gAwIbv12PUqNE1Ft5Xr1mvsnD/yaefg8fjKf1v9Zr1yj4VlXDBAyz5apnc5/vk089x6oyHskMBNP7xDAajaePr7U19uGtt0JpTbBdERuGI+zGs/24Dlq/4BuPHT0Rfh36S896q5cih2IBI7TkaovqTNixVT1cPHTp2QpdOnYhxoH6sZYA3w7mUPeCePHkc+c/yqfGqtjHVoaysDHdDQvDHkSNIpHiVAhJPeF9vbxw/ehT79u6F58WL1Nz6Ii2dLFKXlJaibdu2ldcmczNzjB8/EVOnfozlK77B+u824Ij7MRxxP1YptE8c74q9e3ZShW9Zhg4dxikuTKEMwz1x/Chu+Mrbi9zw9cPePTuJ+Y6Ozli/djUxBkjEiy9mzqbGD//6C274+mHxksX4dv16rFmzGlOmTpPLOeNxAQvnz6X+TQLA5q0/NWmxHQAMWremeqhzVaLWlsQEIZ5QXruo6GhkZckPxwOAaZ98QshuPKjnQj1mJ8NoWHr17g1tbfKQUscPhmPoMPnOHLm4jOhra2ONBf/7kpgXFh6Kkyf/JMZUxaKbJebMnQsHW1tqTl1vXHPZvgWH0Sv+b/j6UQePfuCo/F5rwKBBnHEH+74qie2y/HnyOMRiMbx9buL3P45i2fJVcHObxllwAADTZ85ukPtDZdjaWGPv/v3E7zcrKxPRUXSPe6lFnYN9X87re2MiFMYjLDwcJSXFqKgoV5ZeI3h8Pqyt2YYug8FgVKXJW8qECx7gx40b4XlZ8eHfx8cbPj7eeJyWVjnQRRXCBQ/g73dTWVoleYQW77rk1BkPfLdujYKv7Om//8Lpv//Co4Qt+OE7+uT2xj6ewWA0fWjV7Wpqahj930amLD43b2HNqpWcrd7KWLbymwYR9kLv30NFRQUxZmYuqYqzsbNHjugpip4rbjpUVFQgNCwc48aNU4jVFqlP6IyZszkrrffs2Y35CxbApF07ak5tyMjMxNlz52Fualop4D979gyvX78m2tkIoqIQJ0zAmjUN9wCZn0/edIgURMpZraRnpKskpKuCk9NI+Pre4MwZPWY0VUS/fu26nGDw15904eeTzz6jxqRs2bQBj4Tx8PA4oxBLz0jH9m3bqALF3v0HsHfXDs7XZtnyVU1WFJDF1MwcWVmZKHr+HLotWyrEAwMCFGx06oKoqGhqNWtqsmIXzciRLpg14wtCduMQGRFOPRd25th0ZDDqCwuLLoiKiiLGBg8ehDu3FYVnUoX1+rWrcen8eaJ3+bmzp/HFF59XSyQmMW7CBCQkJhIrmrOy63ZTPiNTcfMOABKTkvDnyZN49uwZtm1RtOILDSV7t5uZmql0v7V+7Wps/nEDcQC3kZERVq5eU+PXkXZtktqnBQfdRdx/nVejx4zDrp0/EfNVJS4mBqUvS2Hv0FdZqlKkBRIrV6xQ2NDw8bmBPjZ90EJHfvNI9PRp5Sbs0OEj0BQJvX8Pj9PTqdeFuoDH46GnZXcYGjHLMgaDwahKk69w//WXXyvF9sVLluKatw8AYMOPWzB7znwAgPsfv1WruvzY0WO4H3pPWVolSUmPAADfrF4HsVhM/W/7T1uUfCZFwgUPsH/3biQnJ6Nf3/746/RZiMViXPP2wYSJHwKQVPNfv0GuZmjs4xkMRtOHq7rd3MwMFlXakPfuP4AJrmNrJbZv3voTln29WFlanUAblqqlpSU3uMnW1oZqLVNSUozgu3eJsbrg+DF3pUPGfjt8GBkZ5IdwGnq6unCwtVVp+NurV6+QlJKClNRUpKSmorCoiCi2Sykre9lgle6JCULq95L79ClxvTZMnzEL3j43lYrtgEREmD6DbFNw7uxpCCIlYtINXz/qpoqr6wSVvV3XrltHtU/w8/PF8hXfKKwvX/ENli9dwim2T5kytVG9cqtDp04dAQAiyvDPQordTG1JSEwkricmJRHPh1WHPzY2uXnk6nYtLS10YII7oxGwtOwO/Vbkodd2tjYYO85Vbo1rvoSsJZcs6Rnpta5yl9K6dWviOu1cVFMKKOcw6bDon7ZuxoyZsyuvL1IeCMh2MtUZiOrsPIq4vv/nX1US7auL1D7t7Jm/ERMTjZiY6FqJ7WmpKTh//jxiH8YhOSUF5855IDyMvBFRHaSiO6nSPfR+KF7JbMaWlpbi1k1Jh5uZqRm++OJzhWMaE1FONryvX0dqWlqdiu1aWlrQbakLYyNjmJq0R+dOnTBliht69uql7FAGg8F4L2nSgvv1G75w/+M3ABKx++f/2ysX/+PI4UrR/ZzHaYQLHih8jqoc+v0P4uAdGtdv+FZWfrc15PbUqwlnz5zF/dB76Ny5MzZu3oxPp7kBAEaPcsblSxcwcqTEt/bgr782yeMZDEbTh1rdrq6OQQMHVH4siIyS2HQsXUKsflKVKVOmNlgVrVAYT/WdNDYykvvY0MiY01om80kWHgnptiu1Zc/uHZi/8H+cOUeO/E6swpdFTV0dRoaG6GDeAZcuecJ14kTMmDkTV72uUavEa8qjpCRlKXWCMJ78upeUlNZq46cqrq4T4O1zE8ePuVerlZ3mS5qekY6r164BAH7ev5+YAwATP/yQGquKrY01vt/4IzW+d89OHHE/BuDN3yytAl+KkZERsWq+qWJvZwcAKKFswuTV8fsckGxM0uxqSBthZqZmDXaeUwVRTjbyC8ivSxsDsojIYDQE1ta9qZvdAwb0h6mpKQDJeYprvsT6taupNiXnzp5WsPiqCZ0pm9fFJSWctmzV5cWLF8R12aHQJ44fxcoVKyp/LkFkFPU8bmNrR1wn8dXSpbCykhdId+zaUy9ie30giHwgZ40iFouRIjO8tDbY2lhj/sJFCpveAQH+2LJ5M27d8setW/7Yvn07HsY/BCDZ7KhpV0B9IBTGIygoWOm9JBc8Ph8a6howamuIrl26wNraGm5uUzF+/AS4jB6NocOGYeDgwXXSXcBgMBjvMk3aUuaW3y0AQOfOnTF12lRijtNIZ7j/8RuSk5Nx69Yt2Nv2IeYBEuuUnT8p92yXJSbmzdCxXvWweyu1tpni9jFGj1K8iRw1ejR8fLzhefkirt/wVchp7OMZDEbThrO63dS0srr9iPsxHP71V2K7dnUY0H9ggwp76Y/JFb18Ph99+/VXWLexs0d+QSFy8xSr4sViMR5ER6GgsIB4bF1w+OAvMDFpj317dqGAIo5d87qGqdOmgsfjya03a9YMnTp0wKOkZHhdvY4rVzzl4vdD7+F+6D2MHz8BvXr3gmazZqgtpbXYeKkO6ZT2+ow6so5xdZ2AiR9+qHKVeVXmzp6JyxcvKrzmgGRon5GRETEGSKrpq/t1586eibDQMBw+9Asx/uMP30NXTw+Hf/2V6ucrZdSo0Vj5jWJVfFPG1sYaZqZmeFlKfv8VVXOAsCrEJyQQ10VPn8L/lqKQN1aF4YMNSVpaGjXWxaILNcZg1DeGRsYwbGuIbMKslO6W3TBo8BCcPXMaW3/aWSn6pqWk4PmLFxA9FaH0v/OAsZEhPvnsM+I5Lz0jHX/9+We1NlJJDBk+HP6BgURrKWG8UKEjsKZQO7qq2Jj6+fniUYIQy1Zyn8NHDFd9WOVIpw8QExONo8dPIjExCVs2bVB2SJNBKIzHq1f/KqyLxWKE3r9XJ/du0vfgquVLFbrGAgL8FfI/+7zpVLcH372LDMKsERKamppQU1OHbsuWUFdTQ0tdXbRs0YJ1QzEYDEYd0qQr3KU3HV26dKUK6Z9Oc0Pnzp0BAGmp9IcNWZ/yxUuWUvOq8lQkaWXv3LlznYvNp854VFrb9LG1IeasXL608ueTbkBIaezjGQxG04dW3Q6gsrp94aLFmDdnVo3EdhMTEwzoPxAuLmMwa/ZcBIcEKTukzhDlZKOwiNyWbaBvQFwHACurntBQ1yDGxGIxUtPS8M8/noiJpg/Kqg0/fLcOh347QrUNeRj/ENeuXsfT3Fzw+XxoaEiqjCrAx+49+/D9999RxV0A+OcfT1y8cBHJKYqe09WlvLwcF86dU5ZWa2jt9VlPaueb6+o6Ab//cRT//HO52qJ3VWjD5sLCQ/H3X38RY0DNH8YPHTxAreZMz0jH3JkzlIrt6779Ad7e1zDSqWlZn6hCHxtb6gyd2nTgkIgIC0PeM7IdS2pKKnF98kdNqxqUZq2l21KXeesyGh1Ly27U6+6IEcOxY+cuGLU1wKWLF+HhcRb3w0LxMP4h8vLyUFJSjJKSYiSnpOD/2bvzsKjOs3/gXwbQcdgXB2QRiMi4AIKKG4lRRE3iliYhpkkTs8e0aRuzvNmapkmatNnb99e3MW0202Yxmk1jIpG4AC7syKAwiA67M8O+iiwzvz/GGQfmec6ZGUBA78919brqeZ6DBIdZvuc+9x11VTh3EDlrkLUjvD09mcc1w9RWhjeAta29HaUXqqYtVddU47FHf4vvvv6KcRaQkrLRoQrrezbdOa7CdgAoL+ffdVdbWwcd46KOIzam3IQ33v4b932aSUrKxiFf5BkOphYytoTtfr5+SEm5FevXb8CaNWvM1erRMTEUthNCyDAb0xXuvDYBg50WueX9zbf/hicf3wLA2JpmedJym9vKmG5nnjZtushO+x0vKARgDPNNrVxYomPm4MyZM6iqGnhBYbTPJ4SMbULV7QFyOfKOn8BDDz8iGtoBgCJKgekX/ufn74eAgIAhB5hDVSnQm1JoQKA8IBCRkZHm24FZuru7UVJagtraWsxQKIb9Q4hQBRVwsVp9zpw4zE9YiK17t9o1KLS0tASlpSW4+uprsHz5Mjg7O4udgu7u85BKJ1odrzt7lrF7+OTn5nJbeWgYf/eihYtx34MPQq2uwLmuLtRUV+HcuXNQKotQWVkBwNhn9NeP/A5vvfGa1fmOEhrax/sdumvTPRhXxTwAACAASURBVEP6MP7UM8/gVJmK+W/f3mE92M8kNCQUW574n0s2R2EkBIeEorz8FHNNaPaAI9L280O6wsJCq2Nr164f0r/rcKtUq7nvmX192f2zCbmU5AGBCA4OQgXjTgx/P1/4+/na9LlP11CPDb/4Bfeis1iV+0fb/oPq6mr88Q/Pcvf4+/kxL8ANV8s23gBWsT7xh9IPMo9Pt5hVczkrVioFHyO9fb1QqcqG7QKj2Ps0wHgnuL0qK9Q4XlRkft8jkThj/ry5CAt37H3m0SOHUVtXB4PBILjP1cUVkZGRiI6JEdxHCCFk+IzpwN3f39gzfd++1CG1MzGF7W+89Q6eeOxRuwaAmkLm0KlhIjvtZ2uYb/o5DK70Gu3zCSFjm1B1e35BIf79739x103GcnCn0WqZx2UyN9GAPDomBpVVVaIf8Nva25Cdm4Oq6mooFFHD9kEOMH6Yi5oeiScef5wb2B4/Xojjx60DP1tlZmagsaEBS5ddCzc3NwDGD/VNjU3oOncO5zo7UV1Tg7q6WixbnsS8Lb2xqQn5ubmYO3++1dpwqOD0XtXV1zOr/ZJWrhq1iz3XXLvM5jtBQkNCHa5uN1mVnISHfv0b/OHZp8W2miUlJePBzQ+Pm368PH7+/sx/f5PheEyWl6nw/Z4fcO7cOeZ6kVKJOkbFIO9uh9FyWn2GeZzXWouQ0ZCwYCE0Wu2Q7lAxGAyYEz0TKSkbme3rPtn2EaRSKdzc3NHV1YXaC0Hp4ID+heefG/Bny6r5np7zWLJkMQYz9XEfalsZXkusJs7QYzHX2tFOZjwr5wy1tqSr10Gn1Qzbe7WNKTehrq4Ojz36W6u1sLBwh96LWIbtAKDX9yMnL8+hwD0zIx1nORdwLHl6eCI+Pm7Yfi6EEEJsM6YD97DwiyH322++icmTHRtaun7DL/Dwr3/tUGCvqasDAPj7++Opp5/Dwf0/m9uwLEhYiGVJK/DaX18R+hJcpjB/kkwmuM/f3x8AcPr0wEqv0T6fEDJ2ZR46xK1uP3HyJHZ8+SVzzVJKykY88+yzDt2qPNJUqlLuh3b5ZH/m8cGiZ89Cbl7+gOFbPBqtBlqdFr6+vpgWcZVooG+r+LhYvPnWW4Kh+1CVlJYIVvOblKlU3D6wZWVlQw43eXgV9BrOh8jRDBfuvPNXogNKTW659bZhqYJ+7pmncLygwKbZCGP5d9ZeERHhAIDy06cROc26B3lTY6PVMXuUl6nw7Xe7BKvlK85Yt2UKDQnFDddfz9htn5PFxVCdKkNfXx+cnJzg4e5hdyCi02pQUFDIHY7n5enFPE7IaIkIj7Dp9UhIbW0d7n/wQe5z4r/ee5d5XMjgQD46JhqeHh5W+4qKlEMO3Ds62Rf6TYVNa9euF2wbZykpKXlYXmfGupzsLPT29Yptg16vH9YqdwDY8vtHUFpagn9t/eeA47/57e84Z/Cl7dvHvKPPoNcjIz2dO6CdRafVcN8nWQoJCsbixESxbYQQQkbAmA7cn3jsUez44gtk52Rh375UtLa0YMEi64oDMd99+7XYFqa8guPmcP3116yHrZpu+S/Iz8NfXntNcGAry7kLH/JMFeRizpwZWME02ucTQsYuoep2ZZFwb/LQkFDcefe9Y7q3p73DUlnCwiMQFh6BjIx0NDQ0oI8xJM2SwWBAY2MjGhsbkZ2bA6lUConEGbJJk+Di4gIPdze4uE6w+3ZdU+j+l1dftSlUtRQaEorlK5IRFByMtNRUm6uvWerqalGkVCKW8f1XVFUxzhgeLZwLQzqt9e31ox0uxMfF4q5N9+CTbR8J7gsNCcWddw6tut3SM88+i+JiJUpK+L/XD23+Dba++w/u+kg7euQwtLp6GAx6eHp4YkWy/UUOlu6/9248cN896O1hhyy8tgy2yDx0CJlHj3JbGQFAW3sH8gvyrY4vX5E85AsaGenpAwZIGgwGtLW3IT0zEwGT5TbdTXP08GHUac5y22oBQGDg8IVOhAyH6JgYnD59Gj2MwZe26u3rhY+nm03PxY6qqKhgvhbq6usZu21XXqbiPu9U19QAAJKSVyIpeSXeefN10VZyc+LiBdcvBzqtBlXVtrfU09XrUKlWD1thBGAceL9o0SL8+MMPAIAHHnzQ7tkoRw8fRnMLvy2RRqtBsVJp83vInNw8CDWRcXVxxcxZM6G4QloOEULIWDSmh6YCwO8ff9w8tDM7J8vce/2Tjz/AU08/h8+27xA6fUhUZWUD/rx+wy/w6RdfwmAwIDe/EPfe9yAAY8ubZ556ivUlBLW2tIhtAQDILrQBADCgHc5on08IGZvyc3Oh5fQCLVIqBds0JCUl4/2PPh7TYbujw1J5rrlmKRKXLEFgQCAkEttfFru7u9HV1YmGxgZotBqcOn0aJaUl2LHjS+zcuQN5ubaH3/Fxsfjyyy9w16Z7xLYCAObPS8Czf3gB3+3+Hts+/hB/eeVl5ORm498ffMQdKGcLVsgNAOfPn0fmoUPMtaHIPHQI/ZwLHayLvIuWjH6V1g1r1optwS233jbkUNZSfFwsnvgfdlsZD3cP/PnVv45q2J5+8CBqamvR29uDvr4+NDU3Yfdu2yo0hcyfl4D2dnav+i6BynQhmYcO4WBmpmDY3t/fj2NHjzLXbPn351GpSrF7964BYbslg14PjVaDjMxMZKSnMwcAmr5GTV2tYNju5ORkc3BDyKU0PTJSbAsAY3s4Jyf2a3Jtbd2QW3YJaWpiB6O8Ad+2UpWqmMe1Op25fdWya5diy+8fwfsffcwdnG2ycNEiwfXLgUpVJvhcN5her8cpG9rP2OueTXfiy+2f48vtn9sdtudkZ9k00LS8vNymwa8Z6emCLRF9vH2wZMliCtsJIWSUjekKdwC4fWMKfH18sO3jj/HF55+aj585c8Zcdf7zvgfxwfvv8b6Ew06VXWyhsnLl6gGV8vPi5+CD99+Dv78/Xn/tVezbl4oXX34VLzzPH8JDCCGXQnYOP+g9eYJfIbvlsSfx9luvc9fHCkeHpQqRBwRCHhAInVaDoiKlYBWSLQwGA86o1ZBKJ2F2dLTYdrNtH3+I8+fPY/sXnzHX165dj0VLluC5Z9gXee+/927cf+/d2L7ja/yw53u7q/8yMzMQExuDALncaq345Elcfe21jLP4vvjsMygUCsTPm8dcr6llfwCtqq5m9s4ezXYyJhtTbsJ/BW75nz8vYUR+j+69+05kZqTjow/fNx+TSqV49bU38MivHxI4c+TpGqyrPru7u1GYn4e4uex/e1sETpmCFs7voiN9oPfs2oUCpZJ7kQcApJMm4eD+gzhy5LDVWlJSssO98QdXtQvRXwjedfU6eHl6YXpkJCbJJuHEiZNoaLRtno6Hu3U7DELGglkXXhPLysvR398P6cSJ8HB3h6+fHwAMuFCUk53FHLRqqnK3p/2KPVgDuwHjxeehzI9o5AxeNfVvnz8vwXyxdlVyElYlJ2Hzw4/gva3/Z3WOVCq1ej4a3KrKz9cPy5NG766woapUq6GrZxcCuLq4wnXCBGbw3NzSPOxV7o5SqUqZj2GW3r5eFBQUYrXAMNZipVLwtcTfz39c/5sTQsjlZMwH7gBw3apkXLcqGZvuvht7vt9jrnI3+fCDf6GrqxOff/ZfzldwTEBgANZv+AV2ffcNbkpJYe557a+vmPu6H85IB0CBOyFk9DhS3e7t7YOt/3rf4SDpUqutrWMet2VYqhh5QCCSVwZCpSpFeflp0aGqYkpUpXBxdbGryuiLzz+FTCYbEKxeu3QZfrVpk80Dujam3ISNKTfhjl/9Cts+/hifffofqz2mSnhfPz/4+fnjeGEB9u9PQ21NLTNwb2iyfaDbe1u3mofaqk6dwo+pqQgJDsZV4eEDQnve4NuGeutQcbTbyVhatGQJN+S58eabmceHw4cf/BszZ81C+sGDmCyX45e33253pd1wy8nOgsHAvrG9XK1GUHCwaHsUnulRChw68DNzjTejgufrnTuhPHFCcI+XpycCA6dgb+qPzPUkB9rkqFSlKCsrc+gCgV6vR3NLM7Jzc+AkkcBgQ5WnEwAvL2+sXLVKbCsho2ZWdLQ5eBeSsGAhamvrmP27a2vr8LtHH7UrcJdKpQgICERlZYXgvtLSEmh1OuZrYUVFhcOBexPnddR0POLCXd2Wtr77D/j5+eHVV14acPyBBzdb7T1ZWmJ+PjYYDGhobED6wYNYumyZ1d7x4FR5ObfAIjxsKlxcJ3BnApSqVEN+TzhUKlUpiouLxbYN0NbehpzsLGZ7RJ1WIzg81sfLm8J2QggZQ8ZF4G5iGnr6j//3N/zppVfQUF9vDt+/+PxTzJg5a1grzDc/cB82P3Cf2DYsWLTY3Gc+r+C43b3cyUV79uwZcsBFyOWotaXNXHXt7u4OmUwGmWyS1b5KTm9zgF/dfvsdt0OCPuzYIT5IdSzr6uocc/8NBr0eRUVFKCoqEts6wPXXrURERBhUZWVQREVhhiIKABz677txw1rcuGEtvtv9Pbw8vbDs2muY+yZMcMH+/WnGAalzrfvC9vf14Z///Ccmiwyl1enq0dAwMDDv7e2FuqIC6ooKHEhPh1QqhZubGzc01TL6cwcFT3Hov38kREVGYOLEiVZtSdzc3BEVGTGi32f41GCE33UHAKClqX5E/66hMuj1OJSeLraNq7W1CfkF+Vi/gd0m6dNP/4sJEyYw1yzV1tahVaQVhJu7O4JDgvHpZ18w16dMCcIk6cRR+3nbErYDgAFAS2vLqH2fhFwqvX29aGmqxwMPPoTDmZloa2uFi4sLQqeGmecXBAUFAQB8fX0wcwZ72Gl1TR2qLswpOV54HAcP7gcAaLVaZuB+prLS4d+v9o4O5vE20/OTE/t1Pm7ObDz9zLPIvXAHY0xsLBYvWmDT96Gt19m0b7w5dfq04Hpbe9u4/e+uqKy0uSreUjM995NxIjAg0K4hwYSMV+MqcB/s//3vO5gdE42HH7wfAJCflytyxsgICw8z//+c3FybA3cvb2+xLQCALotp9qaLDsDon08IuTRq6+rQ2nIxLLLsXezi4gIXZxc4u7pAIpGgk/Nhjlfdfs01S7FsDLTpINZmKC4G7cNhwzrh3tPz5sYhenYMik8oUVVdjamhoVZ7Ojs7BQP3np4eNIpUwuv1enR1dQn24M7KzrI6Nn36dMbO0bN23Xp8tXPgHJnb77iDs5s4wsPDEwC4j8eurnOigfupU+Xo7WUPXjXx9PRESEgwAOD0KXb1YFx8PEJDgphrhJDRszI5CSuHcPdTaEiQ+Xf7/Pnz5sCd18f9nIPzI9rbO7jV2qbXPNMFApa58XMw18bPmIQQQggZfeM6cAeMVeiHDhzAF59/il3ffSO2fUS4ezjWJ3OSTAYAaGD0PmW5atBthqN9/khYs2aN2BZCriiZhw7h5En+kNO+vj709fUB/Pl/APjV7XfdfQ9SUm5lro0lOq0GWdnZ3LYMvr5+WLFiBXNtJOi0Guh09ejr7UF7Ryf6+vrQ1t6Onh7+P4REIkF0dLRd7WUutcKikyg+ocSZM2pOwNmFaRFXcW+n/+D9922uxOUpZ1StJSUl44/PP8/YPXpSUm7FR9v+gx9/+AEAcP0NN+CeTXeKnHV5seeutNjYWLsf+ykpt+Lvf3sHPT09zHUPNzfB56/3tm4VDdtjZs/GTbfcAgB45+//QPEJJXPfprvvRYoNbbeOHjnMnU0wmGWFV7FSicqqKpt/niZUJUauBLxe7gAQHhbGbL/hiMjpM7D13X8CAMpUKmZBgl6vxxR5gN0zTb7euROsexCrqi8e/ds7bzN2iBP6+QDGfuc3/uIX3PWxpjA/j1vB7uPtg+SVKwccS9u3jzt7Z+aMmZd8gPTu3bsE24iZHrO6C0OyeRdiTM/vptY0vH0hQcFYnDj6Q+UJIYQMxB79Ps5MnXqxwnzvT2kCO8cWf//JAMQrJUy35k+bNrC6b7TPJ4SMrPIyFY5lZ4ttE8Wrbl+7dr3NPcFHk1jYDgChF6pTLxV5QCCiY2IQN3cerlm6FMuTkrBhwwaEh118PRpMr9ejuLgYKlUpd89ou+VmY6BYplJx95SVlTGPp6Wm2hw0CtFqrPu6L1oyNj9I3rPpTny5/XN8uf3zKy5sL1Yq7QqHS06WQGfj0FBL8+clmAcKDtYp8v5F7G4Ly7AdAI4ezmTus2dY6llGO6TBpFIpYmNjBwTl0TExWLNmDWbOmAmZzE3gbCOZzA0L5idQ2E6uCAkLFsLVxZW5xpvr4oj4uFgkJRnv5q2rqx0Qhlty5LWuuaWFebzlwnHT3+sIHWPuiaXevl7kMO4cG6sqKqu4a9MjI5nHJBJ2rCHU83wk7PvpJ8H3qyFBweYLRPKAQCii2K2OAECj1aCwsABlZWXcsN3Tw5PCdkIIGaPGdODu5OQEJycnPPX0c4L7ZG7iH0wcsXDBIjg5OeGXt/9KcJ9lOCAUtgzm72+8Lf/06VOC+0wV6H7+A2/jH+3zCSEj6/s9P4gGSrbgVbdvGAfVTraE7VKpFFF2Vs6OlIQFC8d16B4fF4uUlI2oq6tFkZJd6csKGsrLVMgtKGDstl9jg3VwcC21PRpzKqvYgYgT86gx8CkqYj+mhERcdRW6zp1jrrW3tzOPA8YB0rzqdonEGSuWLRsQtv+Uth87dmxn7rd1WGqlWo3+/n7BPYEBgVi3bj232t8yeHd3c7dadwIwfdo0rFmzZtQHAhJyKQUHs9utDHeYPCfu4gwT1gBvAGhobGQeF8J7vjK1rglh3FVmC1svftbW1jl00fNSO3r4MHNILmB8/mQ974VFREA+2brfPjD8jw8hu3fvQksr+8IKYKzOHxyOR8fEwN+P/xm7/PRp7ntgVxdXxMfHMdcIIYSMvjEduC9IMF79raoSHhoyUj3Gr7pwBT0766jgvqoLt/BdddVVdv39cy68QJ45cwafbR/YB9ZSsfI4gIGV/MDon08IGTlb332XO1DSHlXV1eO2ut2WsN1NJsO6deyBiqMlYcFChATxK+71ej3KysrG7AffxYlXAwB0Wh1zvbOrC5mHDg04dig9w2qAqImbmxsiwsPh5enJXLdkMBiQX5A/4FhSUjJWDaE/Lxl+QgGPr68f8zgANLc0ozA/j7vOEhI6Fec62X9Xh8AFSd6dGACwfOk1Vu0g9v64l7MbuOH667lrlk4JVFKyqtqFRMfE4PobbsDsmbMwYcJESCTOcHd3R0JCAuLmzhM7nZDLzqWqcl+4aJH5/zdx7pJpceD9Ge89XduFCveQ0KnMdTG8i5+D9fb1QqXiPy+OBTqtBnWas8w1iUQChcBcG4UiilvlPpyPD56jRw4Lvl9ltcIxWZ6UBKlUylwTatM3c9ZMyAMCueuEEEJG15gO3KNjjYNhsrOOIq/gOHefKUxav2F4qzVNAfOZM2ew9d8fMPfkFRzHwQPGNjY3rLEv9Ll9Y4q5L/rxgkLmnjff/hvOnDkDALh148A+paN9PiFkZHy9cye0OnbYCQATJ07krg1WXFTMPD7Wq9ttCdt9vH1wwxrhQaCjZXFiIny8fbjr3d3dyMrOHpOh+5bfP4LQkFBkZmZwH4eqUxfvjNqzaxf39npnFxckLVuGuzZtwqNbtuCOX96G+fHxCJDL4epqHZzk5Q0M24Gx207mSsYLeIxzCmYLXnA6rVajUq3mrg8WOnUqc4guAPT39TGPA/yWD3J/f2bv5YxDB603A7hr0z2Ij4tlrlnSaTVobbs43NrSJOkkwap2IbOio7FhwwbcfPPNuP76GxAWTlXt5Mp1KarcN6bchNAQY7W56TPQYP19fVYXnoWkpaZy10wXmWNjxZ9nBlOpSm2qbjfR1evG5PsOk+PHj3NbpwQFThEMl+UBgYJV7kcPH2auDRctp0gBMF1wFe4jHxXFv2DAEhgQ6NBrCiGEkEvH9mf1UZCwcAEA45udjz/6mLnnzbf/Zh6WOncee4ibo27deKs5kP56B7sC/M033jC/GVuz1v6Bn7ek3AYA2LnjC2b/+R1ffAEAuO2Xd2AeYzL9aJ9PCBleaampUJ44wV0PkMvx9NNP44UXXsALL7yAxEWLkLhoESLCwxEYEABXV1c4u7jAyckJBw4cRHaO9QfQsV7dbmvYzqsUGiuSV64UDd3TMzNRWWF7+Hip3LDWeAG5toYdWp7VGluplZepUMBpPQMAkRERAwasRkYpsGb9emx++GE8++yzWJmUhMCAAJw7dw4/7PkR33+/2+prUDuZsUWoul0+WQ55QCAWJyZy+5Dr9XoUn2S3uWIJCjIGbLyLP6wgK/PQIW47LtYw4CeefBq5eTmM3bC5Iv10+WluUBQTHc08Tgixz6Wqcl+0eAmA4evjzmtBYzkk3NY5EZaqq9jfG49erx+zVe5Zx46ipZV90dLVxdWmPuUKRRT/8XG2bsTebxUrldw2OC4uLli4YIFoJbpCMQNBgVME95jIZG42vzYRQggZPWM6cN/8wH247Zd3AAD+8f/+hvvuf2jA+osvv4onH98CAFi5cjVeeP5Zq68xFPPi55gD6X37UrHhxpvMofTen9Lwy9t/hS8+/xQA8D9PPWtXOxmTWzfeigUJC3HmzBm88Ic/mCvp9/6Uhg033mQOyzbdffeYPJ8QMnwyDx3Csdxc7rqbTIbkFQNbaySvXo3k1atx16ZNeGjzZjz77LP4w3PP4fSZChziVGyO5er2yyVsNxEL3Q16PXLy7GuxcSncZBqeymnL0d/Xhz27dmFv6k/cKuOzZzX49PPtuHXjL7Hv5wPMPUuuuQYPbd6MltYO5sUhaicz9ghVt1ve7p8wfx63Wq+rqxMZ6enMtcFMIRSv/3Eb47jlHRiWJk6ciDXrL96N+MpfXsOKFSvx1puvMffPn5dg88VJ3gUBmcyNeq0TMowC5CPfq3tO/MU+7pqz7IpwjdZ6wDcPL0huazW2mVm71r67pAHjzIjmlmbmmo+3Dzd4tqfKPXXvXnz11Vf49ttvR7RCXKUqRXVNDXc9PMy2djvygEDuXRAGgwG5efkjMkNHIzAsO2p6lGjYbrI4MRGeHsLt9yQSCRLmU1sxQggZD1zENoy2zz/7L7q6urDru2/w4Qf/wocf/AsA8Kc/XhykunLlavzlNfaHpaF67a+vAABef+1V7PruG3M1vaVHfvuoed9gL778qvl7ffdf72PzA/cNWJ8XPwe/f/xx/P2tt5Cdk4XsnCw8/OD9A/b86aVXuGH+aJ9PCBke5WUqHMvO5oaXzi4uuHHDekRGKZjrln5K249Ptn3EXBsL1e0qVSl6ewZWAjU3N8Og16OxuQl9Am0ixlPYbpK8ciXS9u3jfjA26PVI27dvTP13rUpOQlJSMvbvT0NVdTWzKlh16hTaOzoYZwNt7R3YvXs36uqMFYAH9qfhtTfexr1338ncn5eTzTxO7WTGFluq281/DgjEtIgInLKo4LSk0WpQrFQiOkb4NnvAeOHFFEwN1sHo717PGLwLAJP9/VFQWISdX32Nn378gVvVbrLq+hsE100K8/O41Y3BU2wLWgghtpkWOQ11mrPMO0pqa+uQwDjHXgkJF78Ka5A3wO/JztLBea009YgPDrF/YKrQzIjpkZHQ1etQUWk9B81U5S4UAuu0Ghw+csT8fkyv70dNXS12frUT3p5e8PfzHbZZEipVKYqLi2EwGJjrri6udv1dCQsWorqmFv391u8l9fp+FBUVoamh0aaKeVsIXvjw8cFsO+9wio+PQ3pGBvfnoYhS2BzgE0IIGV1jPnAHgO++/RovvvwqSktOmivKAeNQ1WVJK7hh93B57a+vIGLaVcjJyjYH/oCxzcq1y5dbhej2un1jChRRUfhy+5d4/bVXzcfvve9BrFiZjNs3pgicPfrnE0KG7vs9P3BbIDi7uGDZ1VfbFLYDwKf//S93bTSq2ysr1MjNy4de3y+2VdB4DNtNxEL35pZmZKSnj6lbhJOSjYH7mTNqZuDOC9sBIDsryxy2A0BDQwOeevIx6PX9Vhd8tu/4mht8UjuZsUVoOB9rmF3c3HlobmlFQyM7sCpVlcLDw120L7mfnx9aOL87g4capqWmcgf4ZmXn4MUXX0J1jW1tGG652bYWD1pdPfO4vUERIUScqVe3hlGl3dvXi/SDBzFj5gybQkmdVgOdrh59vT1o7+g0X/jX6w147fXXcfToMXz7zde4/gb24OS01FQkr17NXDMpL1Nx3981XAjzQ6faF7jrtBrB6vawiAiERURAV9/AvEiqq9ehUq1m3n2jUpVCpVIxix8Mej2aW5rR3NKMU6dPw9PDE76+PggLC7Pp5z2YKWznteMCgIAA9h0NQqYEBKDG4j3IYDV1tUjduxfx8XEOfd+WBC98TIvkrvHIAwIRER6OM4xZJzKZm00XqQkhhIwNTgbe5dMxau9Pabh+9Ur86aVXhr2FzEhycnJiVrgTQsgH778v2As0ZvZs3HTLLdx1Sz+l7cfqlSuYa2vXrsfu3d8x10aKTqtBRmam4IcpW4znsN3Srl3fccNAAAgPC0PCgoXc9UupoLAIG9atRb9ejwcffEBsu1lJSSm2b/+Cu/7sH17AKy//yfznzQ8/gve2/p/VvqSkZPz88z6r45dCXm4Oqqqrodcb4OzsjKjISMyys0rtclOsVKLkwpD6wcR+P3fv3sVtEzVJOglr161jrpk89vj/4EhmOjP0mjhxIp5++mnzn7e++y6zvYtWp8O7//yn1XGeFStWIi3tJ7FtqFSrkZ3LvmAUEhQ8bFWUhJCL7H1vIZVKAQPQ198Hvd4AJyegv9+2IoDPPt8Od3c3RE6bZrUWER6OuzZtYpx1UVpqKg4fO2Z1vK29HW+/9RYAIHXfz3a1T8tIT2decACABfMTzEG6vc/bxUolVGUqm3+uliZMmAh3NzesSLbtrmhbwnZ/P38sT7L952Lpq6++Ei30cHVxxcxZMx0ePqrTanCI0x5N5LuGkwAAIABJREFU7HVRTOrevWhrv3gXhbOzM2666WaBMwghhIw1Y7qH++Xis+3sgauEEPL+v/8tGLaHBAfbHLYDY6u6vVKtRlZ2tkMf3CwN9UPLWLJ+/QY4Oztz16uqq+3qL1pZocbPaWnYs2cP8jihn6Pi42KxfEUy6upqUSQwGNVSW3s7MjIyBPe8+ucXsenue1FQWARgbLWT0Wk1+Ck1FWfUavT19UGv70dvbw9OlJwcsWFr44VQj9rpkcJVfFFRUXBycmKunes+h8J84TkGoVOncvv7Dr6A1TCo4t2k/BS/CnGwFStW4qlnnhHbBgDMKkSTaZHWAR0hZOhMVe626u7uRvf5bvPzuq1hOwDMmROLpkb288rgO2xY6jjPnboLFwZDQ0LtCtt1Wg109bbNjIiOieEOsG5uaUalxfNXTnYWSkpLHH7P1tNzHk3NTdi5cwcy0tMF+8TbEraHh4U5HLYDwPx5c7l97E16+3pRVFTkcH96oQG0Yq+LYlZfdx1mz5yFkOBgXBURQWE7IYSMQxS4XwLHCwoBAAnz54vsJIRcKcrLVPjfv/0NtXV13D1+vr647/6BMxWEjKXe7SpVKXLz8wSHn9pCNkl22YTtJlcnJnI/BOr1ehQXF9s00OxIZiayc3LQ1NyErq5OnFGrkbp3r9hpdjG1uNFp2R/uB8vOyh7QSobnk20f4YnHH8eHH/9nzLSTOXr4MDIyM9Haxh5uV1qqYh6/EogN5xMbCqpQzMBkP3/u+mm1WvAxP3v2LNTV1TIHpALGgdMAsGfXLu4cjOpq4TYyoSGh2PLYk8gvOI60tJ+wcsVywf2AMfhqamYHbj7ePkNuVUAI4VMo+BfyhlNoaKhgH/fyMuHXhjZOr3dTiD8n7uKAVluoVGXcoDpsqvVwUdYxE1M7lLR9+5j93h1hMBiguXAHAit4tzVsH+rdfmHhEbjxF79ASFCw2FZzixlb3nuZ2HPhw1GzoqOxeEki5s0fjskEhBBCLrVx0cPd0nWrkrlDRMaip55+Dq+/9ipu++UdmBc/R2w7IeQKsGfXLhQoldxgCADcZDJct3qV1fGf0vajqqoK7e0dqL7QT7mmugrnzp3DyZPFVvtNLmV1uy0fpmzh7OyMhITL70KlPCAQM2fN5P6M9Ho9srKzsXDBAmZgp1KVorz8NLMva1t7G/Z8/z0SEuYPS9h3/713471//hOZmRmIiY1BgJxfUVhSUorMTOHqdkv796chJzuLuZaUlGxXxd9QFCuVKC8v5w69NGnvaIdOqxmWn+t4IzaczxbXLl+Ob7/5hvlz1uv1KCgoxOrrrmOcCfNjQafTwdPDw2q9tdV4kUTNCYyqqqtRymmrMH9eAm68+WbccP31iI+LZe7hqays5D7P2duTmRBiH3lAIDzcPQa03RgJnh7u8PD0RFt7O/P5R1WqEpyxwxrsDFwcxjrdxvk8Jo2NjczjvP7e0TExqKyqYr5naG5pxo8//sAd6mri6uIq+ho5mF6vh+ZCKO3r44urIiLQ3XNe9P3hcITtlhYnJkKlKkXJyRLB/4a29jakZ2QgIjzcpoDb3gsfhBBCrjzjLnAfb2Rubrjtl3fgiSefFNtKCLnMlZepsDf1JzSK3ILsJJEgafly8we4fT8fwAP33YvKygrB83guZXW7LWG7s7MzJk6UDjhm+hDb3d2Nnt5eeLi5YemyZYyzLw8KxQyc6+zEqdOnmevd3d0oKlIieeXFcFen1eDEiZPcAZQmXee6kJGZCUWUYliGa626/gbk5uWgtqaWG7jzWsnMjZ+L+vp67pDK9g52xfKlaCdTqVajVKWyOawxGAxQqcrsDtxPqVQ4UVKC/v5+SCRO8Pf3hyIqyu6vMxJ0Wg1OX3gMenh4mo97uLubq/OGWt1uacmSxUjPyITBYP380NbehsL8PO6Q0bVr16OLM3iwsbkZ5WUq7nPrmTPWbV/Wrl2PRUuW4LlnnmKcYRuNVss8LpO5OdwTmBBiuxkzFMjJzR3xYqyAKYGoramF50zr32sNY2aESX5uLndui6lNVmDAZOzcucP83+Du7o5ZM2Yyn1tzsrO4oXHwFP5rStjUqdxe7mJhe2BAIK5ZuhQ6rQaVlZVoamq2+XUTMAbvDY0NaGhsgJNEAoPA+8OQoOBhDdtNFIoZ8PH2RkFBoeD3bjAYcEathlQ6CbNF5rbYe+GDEELIlYcC9xE2nga7EkJGji1V7Sbz587F3AstqLbv+BqbH7wfLZzAyxaXqrrdlrD9curHPlRxc+fh3Llu1HBasDS3NCMjPR3XLF2KnOysC0M8bbtrQK/Xo6S0BM3Nzea2MI669tqlePXPQFlZGebOZd/6fjgj06qVTFJSMt586y2UnSrHm6/9lds6hmUk28notBocL1I69DvF+4DNU1mhxnFlkTlI0euNvdA1Gg08PTzh6+szIuGCLfJycwb1Hx/478cbBGrJ1up2E3lAICKviuBeaDqtViMoOJh5McLXzw8NnNv329raUFTEnzNQprrY8mHmzFl47Iknh3wRslip5LbMkk/mt88hhAyfsHBjKF2kVKKnpxcSiQQTXF3Rfb7b5tdLqVQKicQZskmT0H3+PDoYF4IVUVHISGffwdXczH8tOctpG6jV6VBXV4urE69BRETYgAsGHR0dyM7NQfHJk5BP9h/wGlFby/56ri6u3IuVgLHKXaPRcC+e8lhWm8sDAs3PzabwvbGxiXvhnEUobPfx9hnRIdPygECsvu46HD18mPu+y6REVQoXVxfuhVNHL3wQQgi5slDgTgghI8jWqnaT8KlTccOaNQCA9z/8GC+98EeHgkGTOXPihhws2SInO0u0/yeF7dYWJyYibd8+7odgjVaD7777Dj097Ao5MRqtBql79yI+Ps7hiupVyUlISdmIHTu2M2+pr6qqQtag1jCmsD0+LhbxcbGImh6JPz7/PL7/fhfEDHc7GZ1Wg7raWrR3dKKltRXd3efETuHq7etFTnaWzSF5WdkpbuVlW3sb2trbUFVdDS9PL/j7+QoGJsNJpSqFWmDYpy3srW43iZs7D1pdPbPKUKi1jJ+fP1QlJ62OA8Y7Qqo4PdpLSkoHXAx64KGHh+U5kTdEViKR2Pz4IIQMXVh4hDl45ym+MPi7/cLzzqRJkxAXP9dqX6VazbzYOEMRhUMHD1kdB4DOri6Ul7HbyjRywnhT//ZFiYuZ6wDQ1dWJispOVFVXw9fHFy6uLvyQNziIedzS9MhImy6kAsbnsejoaG7gbBm+A8CB/fvR1NwMvd72YbSWLuX7Q1tazBj0epSVlcHH25v53snRCx+EEEKuLBS4E0LICPnvJ5/gTGWlYEWPiZ+vL65bvcr8ge2Vv7yGPzz7tMhZ4tas2yC2hemUSoUTJ0+aP4y4urjCdcIEc9gqlU7EpEkyuE5wRVtrK4XtQ5C8ciV2797FrZZ1NGw3aWtvw5EjRzFz1kyH21wsTrwaO3Zsx497fsD1a24wPw7OajQ4euTogL2WYbtJfFwsdu/+Dpvuvpc72NfE3gFyg6lUpWhqaERnVxc6Ojrs7jsLGB/vBhjQx7gjpba2DuLdXY3fR0tri9g26PV6NLc0o7mlGeVnzmDixInw9/PD4hFqq6PTalBWVoahNmCwt7rdUnx8HDIyM5kVqLzWMrNmz8KPP3xvtR8wBl48Wot2D/PnJWDL7x/h7rWVUJsd+WT+nANCyOiwtcVHWEQECgoLma8bHh7293Fv4hRbmI77+fox1y2ZWrLwuLq42nSRLywiAqfKy0Wr3KVSKWKjY+y6oLo8yXiRvDA/D7VnNcx+8Tyj8f7Q1GImOzsH5zgX4bu7u5nzdASr22248EEIIeTKQYE7IYSMgDffeEMwBDJxdnFBfEwM1qxfbz62+eFH8N7W/xM4S5y/vz9+efuv8MrLfxLbOoBOq4FKVQaNdmD1Zm9fL3r7eu36EGUy3AOwLkcLFyxAVnY2N3QXEjBZjvM9PYLhbm9fL4qKiqDVaLH02mu5+3i2/P4RvPPm6ygpLeH2gQXYYbulbR9/iCiFQvBi0sJFi6yO5eXmQKPVwcXZGZOkUvT09uJ8T495vbv7nM3tA4RIJBIEBU7B4sRE7l0btla5l5ez26YIMRgM6O7uRk1tLVL37uUOEXWUTqtx+HFmSSqV2hXGDCYPCMS0CPtay0ydOpU7+JSnrb0dBw/sN/951fU3COy2Ha+aHgCmhtKwVELGMy8vL2bAPWOmAuozamYf9+padouSDs77wLbWVoSEhGDaVeHMdXsIDTMfTKzK3dPDc0h3xMXNnYc4GO8o4A1qtTQaYbuJPCAQa9etQ+revdy+7qzQXVfPvvhh64UPQgghVw4K3AkhZJh9+cUXNoXtg6vaCwqL8JdXX8WOHdsFz5s5cxamTYtEcEgoZDIZ/Pz9EBAQAABDapVQmJ+HisoqhyqCeShst408IBBRUVGiPfAtyWRuiJ41yxx82tLnXavTYseOL809az09PODi7AwPT88BgzJZbli7XvBCkFjYbvLcM08hMnI6Hrj3bqverx7uHtiYctOAYz/++OOAnrr2DGuzh4+3D2JjY8wfqhMWLERtbR3z90Gsyj0nO0s0aBDT1t6GYqXS5spMW+Tk5g05bAeAaRFXiW0RZW9rGVObofLTpxE5bZrVOSwVFRXm/x8aEopbbh742HKUjtNL3tE2O4SQsWPy5MnMwH1ufByOFx5nnAHUNzTi6507ER4ebp7Bk3noEHduT1Z2FpKThx40SyQSTIu07fkQMFa5H1cWMQe5+vn6IWnFCsZZ9ouOiUF0TAyKlUpu73ipVDpqYbul1dddJ9jazxS6r1u3HsVKJfe13c9P/G4FQgghVxYK3AkhZBilpaaixGJAHwurqr2gsAhPPP449u9PEzgT2PLYk3j7rdcF99irUq1G8cmTQw4IB6Ow3T4KxQz09vQKVpADxiqq8LCpVi03EhYshKeXF8rKykRDVdO6+d/8Qo/r7NwcOEkkcHF2QXzcnAF9cZcnJXEDd1vDdpONKTdBIpHgt7/ZDK1WC8D44fv5P704YN/J4mLmALvhNHHiRCgUCma7neDgILur3HVajWAFtD1Ky1SQyyc7XG1oKW3fPsHfcRcXF0yYMBEAoNf3Mx9DTk5O8PP1w6zoaKs1R9jbWmbt2vXo7bH9gqBOezEYv2Htepsfn0JysrO4F7UCA4f+70QIGV3RMTFQlamYv+cTJk5knGF8zlSeOAHliRPYf+AAfHx8uPM7TK8PU8PCmOtOTk7ccweTT5bb/fowJzYWObm5A/4OXx/fYQvbLZmC91MqFU6UlKC313hnmkzmhjUX5hWNBckrV4qG7mn79g24s86SRCKBQhHFXCOEEHLlosCdEEKGSeahQziWmyu4Z3BVOwBs3/E1nnzsUVTXCId0f371r3jumacE99iD1z5mOFDY7pjomBg0Nzdz/00CAwKhUERxP2Cb+pIWFSlF+7TyGPR69Op7kJObOyBw35hyE54KC0dlZcWA/YoohV1hu0nKzTci5eYb8cZb7wAAnnx8i9Weyuoqq2PDRSJxxmQ/Pyxdtoy7x5Eq96IiJT+QvfDvV1lZiaamZtFqfYNej5zcvCEHE0JBAjB6t/Xb21omOCQU1VUVzL2DaXU6ZGZmmP9807BVt7PbCUil0mG9G4EQMnq8PL2Yz5lTpkxBZ2cn3NzcGGcZdXZ1Cd7l2HDhOSSSU5keNnUqAONzjVghhCMhr2nI7NEjhwEY/1uH6yIqz3SFAtMV1j3uxxKx0F3oNdSRCx+EEEIufxS4E0LIMCgvUyHz6FHu7cMAMHvmTNxy660Djv3u91vw739tFaxIDg0JxRtv/82q1cZQZB07hrqzdcyhkEMVER6O+QkLxLYRjmuWLrUaouri4oK5cfE2tauQBwQieWUgjh4+jJo6dl9ZWxgMBhw6eBDXWgTS//7gQzxw373m0H3RwsV46ZVX7A7bLbGCdsB4QajLhtZMtnB1cYW7uzvcZDL4+vvZNTzWnir3YiX/Qoeri6v5Yom5F6xWg8rKStTXN6CTE6x0dXUiIz0d1yxdylwXk5OdJRgUyGRuoxK2m9jTWsbP3x8nious9rHU1lx87KekbDS3pBkKlaqUG4AFXmjrRQgZ//z9fJnPm0nLr8VP+9IEA3cxbe3tWLhgESKnsVtzySfLza/1lWo1zqjVaGxqtKp6l8nchhTyjtRg7vFMbIg9jyMXPgghhFz+KHAnhJAhKi9T4dvvdjF7YgLGW00TFy1E0spVA47bMhw1KSkZTz3zzLCERQBQWaFGbl4+9Pp+sa0AjB/oAgPkmDhRir7eHrR3GMOmtnZjmw/LYZVOTk6ICA/HvPlC3a2JLdatW4+TxcVobWvFhAkTHPqZLk5MhEpVCqVSafPt6YM1Nw8MHFauWI6KCjVn9/BSqcps7mc/mLOzM3x9fODt5WU1fNNeCQsWcnvjD65yLy8vt9pjEhkZafV9WIbvWUePoopzl4tGq3Gonztv8KuJVCpFwvyBrYlGg1hrmaOHD2NxYiIiIsKxd49tra9qLNr6rBqm4bOVFeyfpUQiQRinPQQhZPwJCg7m3nnT2WHbcxBPW0sLpoaFM9cGD6QOi4gw//nA/v3m4eieHp5YkZzM/BpkaOwdYu/j7TOk9xiEEEIuXxS4E0LIEKX9vF/w9uHZM2cOCNttHY66du16vPTyy0OqHh6soKDQprBdIpFgamgotYUZRcNxi7dCMQPSiRNRUHgcff19MNgZYPf29ToU9A6VTqvhDqZ0dXFFgFwOD09P8zGxga9DJZ8sZ7b5sfz5ZKSncwcOe3p4iv4MFy5ejPZ9HdxqdJWd/dyLlUrRsH3hggU2f72RJNZapqauFpUVasybOxf5BflYv+Hi/AuWqupq5BfkAwDmz0sY0jBpk8oKNVrbWplrvj6+Y+LnSAgZHvKAQHh6eDLvvJkkkyE3Nw+zZ8/CpEmTGGcLyy/IxzXLrmWuubu5M48DxjkqZOTJAwLtCt2nR0aKbSGEEHKFosCdEEKG4IP334dWxw4GAUAxfTpuuuUW85+37/ga/9r6ruhw1Ls23YNtH38ouMdehfl53EDQkr+fP2bPnkUB0mXC1K/VpFKtRntHB9rb2tDX34+29nbukEwA0Gg0omHxcKusrORWt0dGRl7y70ehiIKuXsf8niqrquDh7s69QCCRSDDDxt61sbEx3A/5er0eWdnZWLdOOGwGgBPFxShVlXLXJRIJoqL4swBGg1BrGQCorq7B1ddcg9CQUFRVV2NqaChzHwBUV12sbr/x5pu5++xxsoT/87xqBC/2EEJGh6eHB/P5KDp6Nh774H18//1uzJgxE1FRUbj+utVoaW3l3ulo0tDYCABIXLyIue7j7cU8Ti4tU+h+5MhRwffNPt4+I3qxnxBCyPhGgTshhDjo6507UVPL75EdIJfjtttvN//5nb//A++8+brocNRHtzyBd95+Q3CPvXRaDU6rhVuByGRuiIycZld/azL+8D4cZqSnM6u4m1uaodNqLmk4W1tbxzw+WoMp5QGB3Cr3rq5OFBXzB6UGBU6x+QO5PCAQUVFRKC4uZn697u5uHNi/n1vpqNNqcPJkCeob6pnrgDFsj46OHpO/5/HxcUjPyGC2QDL1858TF4+enh6rdUvVF9rJhIaE4obrrxfca4tKtRodHe3MtQkTJtr870sIGT+CgoKYc1BCgoOwcMEiZGUfQ2lpCUpLS/Cb3/4Oq5KTkJ+bi7KyMjQ0NqK5pWXA87jBYICySInkZP7MjLi5o9/iixjJAwIxc9ZM7usxAAQGXrr3RYQQQsYfCtwJIcQBaampUJ44wV338vTE5ocfNv/Zln7tLi4uePjXjwx72A4ARUX8QNDJyQlhU6dS+5gr3NTQUGagDBj7qV+qwD0nO4tbUTaagymFqtx5dwdIpVIsTrRvMJ1CMQNtra3cdjANjQ0ozM8bEMzotBqoVGXc78+SIkoxJsN2wBhweHt7W80OAIDzPcbK0eCQUFRXVQDTplntAYDy06dRWloCALjl1tuGpSXXKYHe/PLJ/tw1Qsj4FRYRgaJiJfP5PVIxHVnZx8x/zsnJwarkJMydPx9z5883H7/j9jvQp9ejt7cHpSdLUFJagjvuvNPq6wHG1mNkbDG9VhYVWQ/rdnZ2HpUCAEIIIeMHBe6EEGKn/ft+wtHsbO66m0yGtWtuAGDs1/7H55/H99/v4u4HjMNRH9z8MDam3CS4zxHFSiW3L7STkxMS5s8f0HKEXJnCIiJQqlIxb6FvvHAb/KWg0WqZx11dXEf1opBQlTtPhIO/VwkLFqKjoxMNjQ3M9dNqNXx8fDFJNsnmoB0AwsPCxnxAEBoaygzcu7u7odNqEDo1FKfLyxhnGtXUXKxIve76oQ9LValKuc+fri6uWLzEvgsqhJDxw9vLG5pu6+f80JCQAX8+XlBgtQcANFqdVQtBRVQUc6+nhwfzOBldCsUMdLS344zFXaKmQhVCCCFEiERsAyGEkIsK8vJw+Ogxbrjl7OKCpOXLERmlwIcf/wd33P5L0bA9JWUj3nzrrREJ23VaDcoFqjMjr7qKwnZiFhwczDze29eLnOws5tpwKlayqwkBIDg4iHn8UlIooiCR2PbWyd/Pf0jh9vKkJEilUuaaXq9HfmEBMjIzodFqbArbg6cEjeoFC1spFDO4P2Odrh4BAQFwcnJirgNAmUoFwDgHY1Xy0IcMlpezB7kCxnkChJDLlzxAzjw+Nz4O0bMvDjb/5puvsPnhR/BT2v4B+waH7dGzozFDwQ7cg4JG/zWOsM2bn4AFCQkICQ5GSHAwbrklBfPmJ4idRggh5Apn26dGQgghKC9T4ce9qdAz+gsDxrB92dVXY+78+bj3vgdw3z13oaTkJHOvyZbHnsSXX34xLG0PWE6cOMltz+Hp4Un9QskA0TExcHVxZa7p6tnV1sOpsqqKeVwikSAsLIy5dimZqtzFSCQSzJ49S2ybqNjoGG743NfXZ1PQDhj7jC+5+mqxbWOGu5s783hzczPuv/du7Nv3E7PPe0NjI+ou9Fy+ZulSq3V7FSuV6OrqZK75ePsM6YIKIWTsUyhmcF8TI6dfDM77+vrw3tb/w+qVK7BixUq88pfX8L//eFfwHEuuLq40C2KMCwuPwOIliXRXEyGEEJtRSxlCCLHR93t+4IbXADBLocDV116LTXffi0+2fcTdBxiH+f3xxZdw/713C+4bimKlktuSQiKRID4+jrlGrmzBwUHM/uFdXZ2oVKtHLBSoVKu54aZ8svyS9ZAXI9TL3WRaRMSwfL9hERFobm7CqdP8Kmshri6umDJlChYuWiS2dUzx9PBgtjZqazcOLp0/LwFFSiXmxF68UGkwGJCflw/A2KJrOJ5b1RX8QdPTqbqdkCuCu7s7s61UWAT7IvD+/WlWle0mgVPYrwvu7uyLjIQQQggZvyhwJ4QQG2x99120tlkHQCYRYWFw9/bFihUruR+0TJKSkvHUM88MS7sDHrFWMsMVCJLLT1hYGKqqq5mB8qny8hEL3IUGUyo4t+CPBnlAILw8vbh9vWUyt2G9cyRu7jw0t7RyL56xyGRuCJs6ddxWYHt4egJ1F3uxm5guyAROmYJvvv4atdW1CL8qYsBAQgBISk62OtdeOdlZ3PZG/n7+I/Z7QAgZW/z9fJnP94mLF+GrHSGoqalhnMUWFTWdedzfz5d5nBBCCCHjFwXuhBAi4oP334dWp+OuT5woRWNrB/7w/N2orqnm7gOMfYUfffTREWshY0KtZIijhALl1rZW6LQa0Ys1ebk5UFdUwGAwwMnJCXL/yVi6bBl3f6VazQ2wfbx9RP++S216ZCSyc3OYa9Gzht5KZrDlSUn49ttv0dvbI7hvvAftJtExMebwfLBipRLToxQAgOycLGTnDJwtEBoSiueeeYp1ql1qa+uYx4erXRAhZHyImzsPp9Vq5kXo2DlxNgfu1yy9FiGcWSRBnPkphBBCCBm/qIc7IYQI+HrnTtTUWldamkyaNAm6+kY89uhvRcP2Bx96GNs+/nDEw3axVjIzFArmGiEmvHYZer0epwWGSAJAYWEBzqjV5h7bBoMB2nod0tL2QafVMM85ox5frTvCIiKYA01lMrcRq3yOnzOHuyaTuWHmjJlYs2bNuA/bTWQyN+bx5uZmeHh6MNcA4JZbb+Ou2SojPZ17wXIstTcihFwavLkSvEHjLFPDpjKPy2Ru9JxCCCGEXIYocCeEEI49u3ZBeeIEd32C6wQc2H8Q77z9BncPAHi4e+DZP7yA97b+U3DfcBBrJRMUOGXEAkFy+QiLiOAGnkJ3e6hUpdzHX3NzM44cOYpipXLAcZ1Wg6bmJuY5Pt4+Y/bxum7deshkbpBInCGROMPbyxtr1qwRO81hYRERuGrQz8LZ2RnTIyMvq6DdxNODHaq3tbejr6+fuQYAd975K+6aLXRaDXT17Me4q4vrmGpvRAi5NHx9fZjHV69KxhdffoWHNv8GoSGhzD0moSEhzOO+3t7M44QQQggZ35wMphI0QgghZpmHDuFgZib6+/qY63qDAak/piIr+xhz3WTt2vV46eWXR7yq3eTA/v3c6naZzG1EA0FyeSnMz+MO65w5Y6ZVwKtSlaK4uFhwmKiJv58/Zs+eBXlAIDLS06HhVL6z/h4CHD1yGF6eXpgVHS22ddwqViq5bWVSUm6Fk5OT1fFFCxfj6LEjjDNsJ/R4DA8LQ8KChcw1QsjlS6fV4FB6OnNt+rRp5jZ97/z9HygsyMcn2z4asCd6djT++MLzrNMRGxsLhWIGc40QQggh4xdVuBNCyCBiYfu5c+fw/a7domH7Q5t/g927v7skYXulWo30gwcFW8mMRG9pcvmKmzsPri6uzLXaQW2W7AnbAaChsQFHjhyFSlXKrSaWydwobOdYvCTxsg7bAQj+26tUpfjt7x4dcMzf3x8vvfIK5wxVwcBSAAAgAElEQVTbVKrV3LDd1cWVwnZCrlDygEBmGzEAaG5pNf//Lb9/BNs+/hD5Bcfxxz+9hICAAADA1PBw5rnGu2YobCeEEEIuRzQ0lRBCLJSXqXAsO5sbtnd2deHnfWnIL8hnrgPGoX1bnvgfbPn9I9w9Q6XTalBXW4uGxiZ0dHRw+w2bUCsZ4gg/Pz9mANnW3oZKtRphERF2h+0mvX29KCoq4q6HTWX3uyVXDpnMDV1dnVbHmxoa8b9/fwfr1q/HwYOHAACvvPwnq332OiXQjityDM4SIIRcOv6+fqips57p09p6MXA3iY+LRXxcLF68UNWeuncv2trbrPa5u7N7wxNCCCFk/KPAnRBCLigvU2HHzq/Q08sPr3NycgXD9qSkZDy4+WFsTLmJu8cRlRVqVFfXoKurC+d7zqO7u1vsFDOZzA2LExPFthFiRaGI4lb8nlGr0d1z3qGwXYyriytVtxN4engwA/e29nYAwMoVy7FyxXKrdUeoVKVobmlmrtHdFoSQoKAgZuDe29cLlapUsFK9o7ODedzLy5N5nBBCCCHjHwXuhBBywZc7v0KvQNh+8FA6Dh7Yz12/a9M9ePTRR4e9hUzWsWOoqq4S28bk5ORErWSIw+QBgfDx9mEGkY3NTWhqbhIM28PDwtDX24c6zVm7Qvng4CCxLeQK4OHuBo3W+jgvvBqK8lP86na624IQEhYRgYLCQuYdhU0NjYCCcRKMF/N4r39hYWHM44QQQggZ/yhwJ4QQAP/Z9olg2J6fXyAYtv/51b/iuWee4q47SmgIqi28PL2olQwZktCpoczA3aDXQ2jquuWAyUq1GsUnTzKrlQejXtnEJCg4mDm4V6/Xi1aUCqlUq9Hc3IT2jk60tbfj/Pnz6O9ntxHz8fah6nZCCADAy8uL+Z5MW1/P2G2k07LnlEilUsgDAplrhBBCCBn/KHAnhFzx8nNzUSlQQV6kVGLXru+Ya1KpFC/9+VU8+fgW5rqjVKpSlJWV2dU6ZjCpVIqVq1aJbSNEkEIxw+7HomXYDhgrA8MiInD08GHRavcAuZy7Rq4spkGFrMeeUEXpYOkHD6K9sxN6vR49PeftuttiOvVuJ4RcMHnyZGbg3tvbg4MH9mPZ8iSrtZbWFqtjAODt5c08TgghhJDLAwXuhJArXnpGBvr7+5lrjU1N+Pqrr5hrKSkb8cyzzw57CxlbQkkWVxdXuLu7Y4KrK8LCwxAWTpXtZHgEBgSgorJSbBsA67Dd0uLERFSq1SgqVnID/GmR05jHyZXJ3c2d+Vgx9XEXUlmhRk5uLgwGoXsx+Hy8fegOIUKIWXRMDEpVpcznlPqGBqTu3Yv4+Dhz5bpOq+G+1skD6OIyIYQQcjmjwJ0QckX74rPP0NrWxlzr6elB2k/7mGtbHnsSb7/1OnPNUTqtBgUFhWhrZ38/g5kCdi8vT8gnyykYIiMmYcFCVFVXi14EEgrbTUzV7mlp+9DcPLBVja+PL91iTwbw8Wa3cDh37hxj90AnS9jBmK1iY6mVDCFkoAkTJuD8+fPMtbb2Nhw5chQzZ82EQjEDlZwL1RKJxOGWWIQQQggZHyhwJ4RcsfJzc1GuVnPXf077GSWlJQOOhYaE4o8vvoT7772bfZKDipVKlJeXM4dxWXJycoK3tzdCQ0Ppwxq5pOST5dBoNdz1wIBA0bDdUnLySpwsLob6QiDh6+ONxUsSRc4iVxpeH/fevl5UqtXcC406rQadHeJV8Dzu7u508YcQYmWyvz9qamu56719vSguLkZbaytaW9kFFO5u7szjhBBCCLl8UOBOCLlipWdkoL+PPSgvP78AWdlZA46tXbseL7388rC3kNn3UypaWlvFtkEmc0P0rFlUyU5GxdTQUG7g7uPtg2uWLmWuCZkVHY1Z0dFi28gVTKiPu65ex30+VKnKBIf6sjhJJHCWSODn44uly5aJbSeEXIEWL0nEgf370djYwH2O0ev1qKishJNEwlz39fVhHieEEELI5YMCd0LIJZF56BC6u7tRp9Ggs7MTzc0t0MMAiZMTJkmlcHJysjqn+/x59F3orT7Zzw8Pbd5stcdRQq1ktDodcnNzBxwbiRYyOdlZqKyqsqnlQWBAoEOBJiHDJSwigtl7fZJ0EpJXruScRcjQTZJOYgbuvOpRwBjGC5FKpZgknQQ3mQwenp6QyydTRTshxCbLk5JsGm5v4LRhk0+m/u2EEELI5Y4Cd0LIsNr1zTc4U1EBJycJ9Pp+nO/p4fa6BIB+AL29wm1UAECj1eKtN9/E4088IbZVlFgrmfzcPNTVGW8X9vb2wR//9BK2/P4R7n572do+BjD2aY+MjER0DPUSJqNv3br12LNnjzlg8PbyworkZJGzCBkaLy9PNLcM7PcPAB0dHYzdxouZvHkDAZPlVL1OCBkyhWIGfLy97Zq9Axgv9tGdioQQQsjljwJ3QsiwyM/Nxc/7D6DrXJfYVod1dHZi67vvYvPDD4ttFbT/wAGbWsl4uHvgvfc/wK03/4K5117FSiUqq6rQ1dUpthUA4Onhifj4OKq6JGPKmjVrxLYQMqzkk+WoYAwf5PVxr62ts9oLGC9gUthOCBku8oBArL7uOhw9fBg1dfy+7paofzshhBByZWA3liOEEDt8sm0bfti7d0TDdhOtToet774rto3rk23b0NnF/j4Ht5J5++//Oyxhe7FSiT179qCktMSmsN1JIkF4WBhWX3cdhe2EkCteWEQEXF1cmWuDW8fkZGdx7x4KDg5iHieEkKFYnJiI2NhYSDg92y1NnjxZbAshhBBCLgNU4U4IcVhaaipyCwoEW8aMBFPobm+le+ahQ1BXVHDXs44eM7eSeWjzb3D/vXdz99oi69gxnD171qbWMSZOTk6IiY6GQjFDbCshhFwx3N3dOW1lBl7EFKpuT1iwkLlGCCFDZWoxk5ObJ1hcQS0CCSGEkCsDBe6EELvl5+biyNGjaGxqEts6YhwJ3Y9lZ3PXsrNzkF+QDwCYPy8BDz30IHevGJ1Wg9zcXG4lPYuTkxN8vH2oHzYhhDBw+7h3XuzjTtXthJDRJA8IxJo1a3Bg/340NDZYrbu40EdvQggh5EpBr/qEEJuVl6lw5OgxwSpxHmcXF7jLZJBKpZDJZGhpbcWpU6cglwcAALRaLXp6esz7tVot+vv7MWv2LLjJZMyvaU/o/sH773MD8Krqavzwwx7znx/69a8RHxfL3Cvm6OHDqNOc5Q7sG0wikUA+WQ6FIoraxxBCCAevj3t3dzd0Wg3kAYFU3U4IGROWJyVZ9XV3cnKCYnqUwFmEEEIIuZxQ4E4Iscm2jz5CZU0NDDYGyW4yGSKnTYO7mxuSV682Hy8oLMKTTzyBn3/eJ3D2RWfr6rAsaTk8PTyY66bQPXlFEiKjFAPWMg8dQk1tLSpratB97hzzfAAozC8w//8tjz3pUCuZYqUS6go1uru7xbYCoKCdEELsERYRgdz8PObFzLraWuh09dzqdj8/P+ZxQggZKYsTE1FZoUZdnfFC4OIliSJnEEIIIeRy4mQwGAximwghV7ZtH32EiqoqsW0AjEF7XGzsgJDd5P0PP8Zrf3kV5eWnGGfyBQUF47rrr8PU0FDuHjeZDDduWA/NWQ1Up06hvqHBpt7y2dk55ur2pKRkmy8EmFSq1ShVqdDW3ia2FQAF7YQQ4qjUvXuZz7X+fv7oOneO2TdZIpHgmquvpudbQgghhBBCyCVDFe6EEEHlZSpU1tSIbYOziwsiIyJw2+23W60VFBbhvff+hfe2/h/jTHF1dbXY++NewdC9s6sLn3+xHXo7riEObiXz4Gbx1jSWMtLToavX2dw+xsPDA3Pj4yn4IYQQB/x/9u48PKrq/uP4Z8JqkNUgKEhgQFHZt4B1YZEAVgShsmtVNq0/aFGQUFBBLBYEBLUVRVC0AoFYFFyABEFAxOwJpOwM+46yxwV0fn+EGRLm3rlJuCEz4f16njzPcM/3nIx9+s0knzlzbrmyZQ0D91OnT+v8+UtHkmV3Y+Ub+ZkLAAAA4KoicAfg13frv7c8RqZ6tWpqfd+9Pke6SFm72t99+20lJScazMy93ITueQnbJd+jZHr16O6n+pL1363TgYOH5HbnLmgvWbKUbq1dW3fWr29VCgAwUSnshhxnInuYhe0hISGqW5czkwEAAABcXRwpA8BUSlKSPv/y0g7wy5UvV07NmzbVPa1bG44//Zch+d7VbiY3x8vkRvqGDfp00SJJuT9K5uiRw0pNTcv18TElipdQnTp1VL9BA6tSAEAu/Pe/n+T6U0VVq1TVvffdZ1UGAAAAALZihzsAU2vWrjUdq1qlip56+mnDsQUxizTznRlauXKF4Xh24eE1Va9efd1SI1yhoaHe67fUqKGzZ8/o32+9oSNHjniv52anu5nTZ87o5MmT2rd3n+LiYiVJt1S/RVF//7vFTGnr1i3avGmz6U35sgsJCdHNVW/SXXdzgywAsNP1Za7P1Zue7G4HAAAAUFgI3AEYWvTJJzp12jjUKF+unGHYHrtipd6ZMUOfLvrEYFZOt1S/RY890V8TXhnnt+622+rq+eeGad/+fd5rntC9S9cuqlqlip/Z0pGjR3Vg/wHt37dPKakpPuOPPdFfHdq3M5h5ydo1a3T4yGG/NR4VK1RUw4YNODMYAAqA2Tnulytfrjw/hwEAAAAUCgJ3AD52bNuqTVu3mo43b9rU+3hBzCKtWrlSyYkJuT6nvXPnLhr6t79ZBt2S1KtHd912ax2NGD48x475gwcPaMniJerbr6+uL1Mmx5wDBw9q967d+uH4ccOQ3aNz5y5+A/89u3ZpQ8ZG/fzzz6Y1HqVKlZKzlpPjYwCgAJUtV04yOMf9crfWqWNVAgAAAAAFgjPcAfiYPWuW9h8wDjSqV6um0+d+1tYtW/IUsku539VuJDVtg0/o7tGte3eVKVNGv/56Xtu2bFVa+qWbofqzPO5r09B//bp1Onj4UK7OCq5YsaLat4+0KgMA2CAmZqHf8YoVKqp9JD+TAQAAABQOAncAOXy7erW+/uYbw7HjP/ygzxcv0Z69ewzH/cnLrnYz/kL3vHqy/0C9P/s9n+tHjxxWfEJCrna1ly5VWg0bNFB4rVpWpQAAm3z55ZfKzDxnOh7RvAU/lwEAAAAUGo6UAZBDUor5ESxpqWl5DtsrVKioZ4b8NV+72i/XpHFDTZk6Nd+he1hYmFq1+oO6P/KInnz8MZ/x9d+tM93Znx03RQWAwlO2TBnTwL1ihYqE7QAAAAAKFYE7AK/oefNMb5S6Y+dOffvtWsMxM1WqVNGb/56hnn/qZlWqo0cO6+jRYzmunT51SqfOnFGIw6Hbb6+r8Jq18hW6N2/WQg//6U/64wMPqEnjhoY1/8vIyFXYXrp0ad12222qW/d2q1IAQAEoUbKE6RhntwMAAAAobBwpA0BS1o1So2M+0W8XLhiOR0cv0JYtmw3HsmvUqLFuv+NO3Vmvnl56YbTPeFpKsg4fPaqzZ88qrz9+nLVqqVnzFpKyjpcZPHCg3zPkO3fuonbtI/Xs34aY1khZYf+atWstn0/VKlV17333+a0BABQ8o3PcixUrpu7d/2RQDQAAAABXDzvcAUiSVny90jRsT0hI9Bu2t2vXXo0aN1HLVq3Uq0f3HGN7du3S0WNH9eOPJ3T23Nlc3YTUzK7du3V92bKqW/d2NWncUDNnzdIDnTroyJEj3prSpUvrT4/01J8ffzxX58V7zmz3F7aXKF5CderUUf0GDUxrAABXT6WKlfTjiR9zXKvtdJpUAwAAAMDVww53AFqxfLnWff+94diRo0e1+LPFOngw53ErTZs0VacHH1Lr1vf5BNvrv1unc5mZ+umnn3J189G8CAkJUf369XMc6dJ/wCAdO3pU14WGatDgwYq8v62fFXKyuvle+XLl1bhxI91YpappDQDg6tuUkaF9+/erePHiqlOntsJrcnY7AAAAgMJH4A5AUyZP1rnMTMOxpV8tVXxCfI5r/R79sz7+z4c+tStXfq0ffvjB57rdjEL3/FgRF6cTJ0+YjlesWFHt20eajgMAAAAAAADZcaQMcI37YPZs07B98+YtPmF7u3btNXz48BzXEhPideDAQZ2/cF5Xw++//66MjAxJynfovnbNGv9hewXCdgAAAAAAAOQNgTtwDfv4o4+0d/9+w7HTZ84oPT09x7Vbqt+iwU//RU0aN5QkZWzcqF27d9lybExISIhKl74uxzWH3KZvBlxJ6J6YEK/DRw6bjpcrW07tIwnbAQAAAAAAkDcE7sA1aMe2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)"></div>
</div>

<div style="height:13.32px;left:0px;position:absolute;top:0px;transform:translate(0.000px,12606.214px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:116.48px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:0px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:269.92px;white-space:nowrap">page
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:612.66px;white-space:nowrap">8</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:722.11px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:933.44px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:1771.95px;white-space:nowrap">Summary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:2406.33px;white-space:nowrap">footnotes.</div></div>
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;letter-spacing:-4.8px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:621.44px;white-space:nowrap">Return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1474.05px;white-space:nowrap">Index
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2182.32px;white-space:nowrap">Comparison
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3656.25px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:4031.9px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:4248.74px;white-space:nowrap">Hypothetical
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:5751.74px;white-space:nowrap">$10,000
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:6763.81px;white-space:nowrap">Investment</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:151.6px;position:absolute;top:-25.63px;left:8035.5px;letter-spacing:0px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:0px;letter-spacing:-3.33px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:430.22px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:950.45px;white-space:nowrap">represents
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:1850.89px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2151.12px;white-space:nowrap">change
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2791.67px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2981.78px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:3462.1px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:3662.23px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:3912.45px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:4832.84px;white-space:nowrap">over
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:5233.01px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:5533.24px;white-space:nowrap">periods
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:6173.61px;white-space:nowrap">shown.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:6793.95px;white-space:nowrap">It
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:6943.97px;white-space:nowrap">includes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:7654.39px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:7994.62px;white-space:nowrap">applicable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344.48px;left:8855.24px;white-space:nowrap">maximum
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:0px;white-space:nowrap">sales
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:470.21px;white-space:nowrap">charge,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:1120.61px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:1580.89px;white-space:nowrap">expenses,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:2451.45px;white-space:nowrap">account
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3131.89px;white-space:nowrap">fees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3522.13px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3872.46px;white-space:nowrap">reinvested
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:4752.95px;white-space:nowrap">distributions.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:5810.19px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:6170.36px;white-space:nowrap">unmanaged
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:7171.17px;white-space:nowrap">index
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:7651.49px;white-space:nowrap">includes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:8361.91px;white-space:nowrap">reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:9442.35px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594.48px;left:9642.48px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:0px;white-space:nowrap">income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:630.26px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:840.32px;white-space:nowrap">distributions.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:1900.81px;white-space:nowrap">It
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:2050.84px;text-rendering:optimizeLegibility;white-space:nowrap">differs
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:2587.15px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:2997.16px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3297.39px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3757.68px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3947.78px;white-space:nowrap">composition
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:4958.26px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:5308.59px;white-space:nowrap">does
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:5748.93px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:6049.16px;white-space:nowrap">pay
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:6389.38px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:7490.04px;white-space:nowrap">fees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:7880.27px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:8090.33px;white-space:nowrap">expenses.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:8960.89px;white-space:nowrap">One
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844.48px;left:9351.12px;white-space:nowrap">cannot
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:0px;white-space:nowrap">invest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:520.22px;white-space:nowrap">directly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1140.38px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1330.49px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1580.71px;white-space:nowrap">index.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:1521.76px;left:0px;white-space:nowrap">8/31/15&#8211;8/31/25</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:11px;white-space:nowrap">Performance
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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">8</div></div>
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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
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<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

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</div>

<div 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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12983.64px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:766.04px;white-space:nowrap">Prices</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:0px;white-space:nowrap">Events
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:437.66px;white-space:nowrap">such
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:751.33px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:926.41px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:1145.31px;white-space:nowrap">spread
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:1582.97px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:1728.91px;white-space:nowrap">deadly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:2152.03px;white-space:nowrap">diseases,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:2742.89px;white-space:nowrap">disasters,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:3340.94px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:3596.33px;text-rendering:optimizeLegibility;white-space:nowrap">financial,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:4150.7px;white-space:nowrap">political
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:4624.77px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:4777.89px;white-space:nowrap">social
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:5149.84px;white-space:nowrap">disruptions,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:5857.34px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:6141.72px;white-space:nowrap">heighten
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:6681.64px;white-space:nowrap">risks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:6987.81px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:7243.2px;white-space:nowrap">adversely
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:7841.25px;letter-spacing:-0.32px;white-space:nowrap">affect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2845.07px;left:8196.48px;white-space:nowrap">performance.
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3593.87px;left:6231.17px;white-space:nowrap">markets.</div>

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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:9829.07px;left:3112.03px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:9829.07px;left:3287.11px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:9829.07px;left:3506.02px;white-space:nowrap">invasion.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:0px;white-space:nowrap">1.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:145.94px;white-space:nowrap">Gross
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:532.42px;white-space:nowrap">expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:1130.63px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:1356.72px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:1575.63px;letter-spacing:-0.32px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:2003.67px;white-space:nowrap">total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:2288.2px;white-space:nowrap">annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:2718.67px;white-space:nowrap">operating
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:3302.27px;white-space:nowrap">expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:3900.47px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:4075.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:4221.48px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:4440.39px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:4866.72px;white-space:nowrap">annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:5297.19px;white-space:nowrap">report
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:5676.41px;white-space:nowrap">available
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:6230.78px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:6376.72px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:6595.63px;white-space:nowrap">time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:6880px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:7025.94px;white-space:nowrap">publication.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:7719.06px;white-space:nowrap">Actual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:8120.23px;white-space:nowrap">expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:8718.44px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:9002.81px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:9185.23px;white-space:nowrap">higher
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10217.87px;left:9586.41px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:0px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:284.38px;white-space:nowrap">impact
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:707.34px;white-space:nowrap">portfolio
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:1210.63px;white-space:nowrap">returns.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:1691.95px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:1932.58px;white-space:nowrap">expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:2530.78px;text-rendering:optimizeLegibility;white-space:nowrap">reflect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:2924.61px;white-space:nowrap">voluntary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:3493.52px;white-space:nowrap">fee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:3712.42px;white-space:nowrap">waivers,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:4230.08px;white-space:nowrap">expense
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:4762.66px;white-space:nowrap">caps
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:5076.33px;white-space:nowrap">and/or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:5484.84px;white-space:nowrap">reimbursements.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:6498.44px;letter-spacing:-0.72px;white-space:nowrap">Voluntary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:7082.03px;white-space:nowrap">waivers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:7563.2px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:7847.58px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:8030px;text-rendering:optimizeLegibility;white-space:nowrap">modified
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:8562.42px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:8715.55px;white-space:nowrap">discontinued
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:9488.83px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10397.87px;left:9634.77px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10577.87px;left:0px;white-space:nowrap">time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10577.87px;left:284.38px;white-space:nowrap">without
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10577.87px;left:736.56px;white-space:nowrap">notice.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:0px;white-space:nowrap">2.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:143.67px;letter-spacing:-2.42px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:457.34px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:836.56px;white-space:nowrap">calculations
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:1558.67px;white-space:nowrap">represent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:2149.45px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:2368.36px;white-space:nowrap">cumulative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:3032.03px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:3287.42px;white-space:nowrap">average
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:3798.05px;white-space:nowrap">annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:4228.52px;white-space:nowrap">changes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:4761.09px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:4899.69px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:5249.84px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:5395.78px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:5578.2px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:6249.22px;white-space:nowrap">over
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:6540.94px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:6759.84px;white-space:nowrap">periods
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:7226.64px;white-space:nowrap">indicated.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:7824.84px;white-space:nowrap">Return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:8255.08px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:8444.69px;white-space:nowrap">less
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:8714.53px;white-space:nowrap">than
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:9006.41px;white-space:nowrap">one
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:9261.8px;letter-spacing:-1.2px;white-space:nowrap">year,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:9582.81px;white-space:nowrap">if
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10786.67px;left:9684.92px;letter-spacing:-1.92px;white-space:nowrap">any,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10966.67px;left:0px;white-space:nowrap">has
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10966.67px;left:248.05px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10966.67px;left:466.95px;white-space:nowrap">been
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10966.67px;left:795.31px;white-space:nowrap">annualized.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:0px;white-space:nowrap">3.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:138.75px;white-space:nowrap">Assumes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:714.84px;white-space:nowrap">reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:1502.5px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:1648.44px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:2385.08px;white-space:nowrap">based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:2779.06px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:2961.48px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:3180.39px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11175.47px;left:3530.55px;white-space:nowrap">value.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:0px;white-space:nowrap">4.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:138.75px;white-space:nowrap">Assumes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:714.84px;white-space:nowrap">reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:1502.5px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:1648.44px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:2385.08px;white-space:nowrap">based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:2779.06px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:2961.48px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:3180.39px;white-space:nowrap">dividend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:3705.63px;white-space:nowrap">reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:4493.28px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:4748.67px;white-space:nowrap">cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:5062.34px;white-space:nowrap">purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11384.27px;left:5638.59px;white-space:nowrap">plan.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:0px;white-space:nowrap">5.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:145.94px;white-space:nowrap">Source:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:634.61px;letter-spacing:-0.55px;white-space:nowrap">Morningstar.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:1390.86px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:1653.44px;white-space:nowrap">MSCI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:2017.89px;white-space:nowrap">EM
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:2251.17px;white-space:nowrap">Index-NR
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:2841.72px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:2972.97px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:3082.42px;white-space:nowrap">free
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:3345px;text-rendering:optimizeLegibility;white-space:nowrap">float-adjusted,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:4205.78px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:4643.28px;white-space:nowrap">capitalization-weighted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:6007.19px;white-space:nowrap">index
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:6357.34px;white-space:nowrap">designed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:6926.41px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:7072.34px;white-space:nowrap">measure
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:7619.3px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:7838.2px;white-space:nowrap">equity
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:8224.84px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:8662.34px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:9435.39px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11593.07px;left:9581.33px;white-space:nowrap">global
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:0px;white-space:nowrap">emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:583.44px;white-space:nowrap">markets.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:1123.05px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:1363.67px;white-space:nowrap">Return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:1793.91px;white-space:nowrap">(NR)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:2107.11px;text-rendering:optimizeLegibility;white-space:nowrap">reflects
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:2566.56px;white-space:nowrap">no
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:2748.98px;white-space:nowrap">deduction
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:3354.53px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:3544.14px;white-space:nowrap">fees,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:3865.16px;white-space:nowrap">expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:4463.36px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:4616.48px;white-space:nowrap">taxes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:4966.64px;white-space:nowrap">but
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:5185.55px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:5411.64px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:5630.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:5776.48px;white-space:nowrap">dividend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:6301.72px;white-space:nowrap">tax
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11773.07px;left:6513.28px;white-space:nowrap">withholding.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:0px;white-space:nowrap">Important
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:590.78px;white-space:nowrap">data
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:882.66px;white-space:nowrap">provider
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:1393.13px;white-space:nowrap">notices
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:1845.39px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:2100.78px;white-space:nowrap">terms
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:2465.31px;white-space:nowrap">available
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:3019.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11981.87px;left:3165.63px;letter-spacing:-0.19px;white-space:nowrap">www.franklintempletondatasources.com.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:379.9px;left:0px;white-space:nowrap">Symbol:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:379.9px;left:675.63px;white-space:nowrap">EMF</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:379.9px;left:6378.17px;white-space:nowrap">8/31/25</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:379.9px;left:7962.17px;white-space:nowrap">8/31/24</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:379.9px;left:9493.28px;white-space:nowrap">Change</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:699.84px;left:0px;white-space:nowrap">Net </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:699.84px;left:284.61px;white-space:nowrap">Asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:699.84px;left:729.22px;letter-spacing:-1.98px;white-space:nowrap">Value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:699.84px;left:1171.02px;letter-spacing:-2.37px;white-space:nowrap">(NAV)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:699.84px;left:6422.62px;white-space:nowrap">$17.27</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:699.84px;left:8006.62px;white-space:nowrap">$14.81</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:699.84px;left:9586.17px;white-space:nowrap">+$2.46</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:960.33px;left:0px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:960.33px;left:533.44px;white-space:nowrap">Price
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:960.33px;left:942.42px;white-space:nowrap">(NYSE)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:960.33px;left:6422.62px;white-space:nowrap">$15.27</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:960.33px;left:8006.62px;white-space:nowrap">$12.81</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:960.33px;left:9586.17px;white-space:nowrap">+$2.46</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1293.95px;left:0px;white-space:nowrap">Distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1293.95px;left:1502.74px;white-space:nowrap">Per
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1293.95px;left:1979.58px;white-space:nowrap">Share</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1570.61px;left:0px;white-space:nowrap">(9/1/24&#8211;8/31/25)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1976.56px;left:4181.05px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1976.56px;left:4483.31px;white-space:nowrap">Investment</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2168.56px;left:4767.84px;white-space:nowrap">Income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1976.56px;left:6061.61px;letter-spacing:-1.19px;white-space:nowrap">Short-Term</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2168.56px;left:5978.48px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2168.56px;left:6556.38px;white-space:nowrap">Gain</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1976.56px;left:7672.41px;letter-spacing:-1.32px;white-space:nowrap">Long-Term</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2168.56px;left:7562.48px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2168.56px;left:8140.38px;white-space:nowrap">Gain</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2168.56px;left:9709.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2505.5px;left:4749.64px;white-space:nowrap">$0.5891</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2505.5px;left:6333.64px;white-space:nowrap">$0.0401</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2505.5px;left:7917.64px;white-space:nowrap">$0.3222</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2505.5px;left:9501.64px;white-space:nowrap">$0.9514</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:26.46px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:432px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:42.29px;left:0px;position:absolute;top:0px;transform:translate(53.999px,77.750px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:691.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1112.74px;white-space:nowrap">Highlights</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:30.71px;left:0px;position:absolute;top:0px;transform:translate(53.999px,739.230px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:459.61px">

<div style="width:9192.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.75px) rotate(0deg) scale(0.05)">

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(8270.481px,65.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:644.15px;white-space:nowrap">9</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12268.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:313.5px;left:0px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:53.02px;left:6336.05px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:53.02px;left:6718.63px;white-space:nowrap">Ended
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:53.02px;left:7246.05px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:53.02px;left:7841.52px;white-space:nowrap">31,</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:313.5px;left:4718.03px;white-space:nowrap">2025</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:313.5px;left:5870.03px;white-space:nowrap">2024</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:313.5px;left:7022.03px;white-space:nowrap">2023</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:313.5px;left:8174.03px;white-space:nowrap">2022</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:313.5px;left:9326.03px;white-space:nowrap">2021</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:626.44px;left:0px;white-space:nowrap">Per
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:626.44px;left:302.42px;white-space:nowrap">share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:626.44px;left:773.83px;white-space:nowrap">operating
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:626.44px;left:1547.19px;white-space:nowrap">performance</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:828.92px;left:0px;white-space:nowrap">(for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:828.92px;left:284.45px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:828.92px;left:417.89px;white-space:nowrap">share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:828.92px;left:862.58px;white-space:nowrap">outstanding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:828.92px;left:1734.38px;white-space:nowrap">throughout
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:828.92px;left:2543.91px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:828.92px;left:2810.78px;white-space:nowrap">year)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:293.44px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:720.31px;white-space:nowrap">value,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:1191.72px;white-space:nowrap">beginning
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:1930.16px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:2108.05px;white-space:nowrap">year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:2428.74px;letter-spacing:52.51px;white-space:nowrap">...................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:4982.62px;white-space:nowrap">$14.81</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:6134.62px;white-space:nowrap">$13.63</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:7286.62px;white-space:nowrap">$13.72</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:8438.62px;white-space:nowrap">$20.09</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:9590.62px;white-space:nowrap">$17.58</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1233.89px;left:0px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1233.89px;left:569.14px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1233.89px;left:933.59px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1233.89px;left:1751.72px;white-space:nowrap">operations:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:144px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:437.44px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:1255.56px;white-space:nowrap">income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1439.59px;left:1771.34px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:1868.26px;letter-spacing:51.66px;white-space:nowrap">.........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:5160.59px;white-space:nowrap">0.23</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:6312.59px;white-space:nowrap">0.28</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:7464.59px;white-space:nowrap">0.35</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:8616.59px;white-space:nowrap">0.30</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:9780.47px;letter-spacing:-2.97px;white-space:nowrap">0.11</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:144px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:437.44px;white-space:nowrap">realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:1042.2px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:1353.61px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:2136.34px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:2563.3px;white-space:nowrap">(losses)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:3176.05px;letter-spacing:55.09px;white-space:nowrap">...........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:5160.59px;white-space:nowrap">3.13</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:6312.59px;white-space:nowrap">1.58</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:7464.59px;white-space:nowrap">0.68</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:8510.03px;white-space:nowrap">(5.60)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:9768.59px;white-space:nowrap">3.04</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:382.42px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:746.88px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:1565px;white-space:nowrap">operations</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:2335.33px;letter-spacing:52.33px;white-space:nowrap">....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:5160.59px;white-space:nowrap">3.36</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:6312.59px;white-space:nowrap">1.86</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:7464.59px;white-space:nowrap">1.03</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:8510.03px;white-space:nowrap">(5.30)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:9768.59px;white-space:nowrap">3.15</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2101.83px;left:0px;white-space:nowrap">Less
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2101.83px;left:382.42px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2101.83px;left:1280.63px;white-space:nowrap">from:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:144px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:437.44px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:1255.56px;white-space:nowrap">income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:1774.85px;letter-spacing:51.55px;white-space:nowrap">..........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:5054.03px;white-space:nowrap">(0.59)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:6206.03px;white-space:nowrap">(0.73)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:7358.03px;white-space:nowrap">(0.41)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:8510.03px;white-space:nowrap">(0.41)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:9662.03px;white-space:nowrap">(0.18)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:144px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:437.44px;white-space:nowrap">realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:1042.2px;white-space:nowrap">gains</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:1494.61px;letter-spacing:51.29px;white-space:nowrap">.............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:5054.03px;white-space:nowrap">(0.36)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:6464px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:7358.03px;white-space:nowrap">(0.72)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:8510.03px;white-space:nowrap">(0.70)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:9662.03px;white-space:nowrap">(0.48)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:382.42px;white-space:nowrap">distributions</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:1307.78px;letter-spacing:51.14px;white-space:nowrap">...............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:5054.03px;white-space:nowrap">(0.95)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:6206.03px;white-space:nowrap">(0.73)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:7358.03px;white-space:nowrap">(1.13)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:8521.91px;letter-spacing:-1.98px;white-space:nowrap">(1.11)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:9662.03px;white-space:nowrap">(0.66)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:0px;white-space:nowrap">Repurchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:907.19px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:1085.08px;white-space:nowrap">shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:1588.02px;letter-spacing:51.37px;white-space:nowrap">............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:5160.59px;white-space:nowrap">0.05</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:6312.59px;white-space:nowrap">0.05</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:7464.59px;white-space:nowrap">0.01</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:8616.59px;white-space:nowrap">0.04</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.77px;left:9768.59px;white-space:nowrap">0.02</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:293.44px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:720.31px;white-space:nowrap">value,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:1191.72px;white-space:nowrap">end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:1503.13px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:1681.02px;white-space:nowrap">year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:2055.09px;letter-spacing:51.89px;white-space:nowrap">.......................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:4982.62px;white-space:nowrap">$17.27</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:6134.62px;white-space:nowrap">$14.81</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:7286.62px;white-space:nowrap">$13.63</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:8438.62px;white-space:nowrap">$13.72</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3201.25px;left:9590.62px;white-space:nowrap">$20.09</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:0px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:533.44px;white-space:nowrap">value,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:1004.84px;white-space:nowrap">end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:1316.25px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:1494.14px;white-space:nowrap">year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3464.95px;left:1805.39px;white-space:nowrap">b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:1868.26px;letter-spacing:51.66px;white-space:nowrap">.........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:4982.62px;white-space:nowrap">$15.27</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:6134.62px;white-space:nowrap">$12.81</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:7298.5px;letter-spacing:-1.98px;white-space:nowrap">$11.71</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:8450.5px;letter-spacing:-1.98px;white-space:nowrap">$11.85</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3461.74px;left:9590.62px;white-space:nowrap">$17.89</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:382.42px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:844.84px;white-space:nowrap">(based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:1378.52px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:1600.94px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:1867.81px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:2294.69px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:2721.64px;white-space:nowrap">per
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:2997.34px;white-space:nowrap">share)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3783.89px;left:3450.86px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:3549.7px;letter-spacing:58.6px;white-space:nowrap">.......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:4929.34px;white-space:nowrap">24.27%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:6081.34px;white-space:nowrap">14.50%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:7322.33px;white-space:nowrap">8.26%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:8278.78px;white-space:nowrap">(27.44)%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3780.68px;left:9537.34px;white-space:nowrap">18.04%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:382.42px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:844.84px;white-space:nowrap">(based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:1378.52px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:1600.94px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:2134.38px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:2561.33px;white-space:nowrap">per
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:2837.03px;white-space:nowrap">share)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3986.37px;left:3290.55px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:3362.87px;letter-spacing:56.45px;white-space:nowrap">.........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:4929.34px;white-space:nowrap">28.30%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:6093.22px;letter-spacing:-1.98px;white-space:nowrap">16.11%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:7322.33px;white-space:nowrap">8.59%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:8278.78px;white-space:nowrap">(29.18)%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3983.16px;left:9537.34px;white-space:nowrap">20.40%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4273.1px;left:0px;white-space:nowrap">Ratios
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4273.1px;left:533.44px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4273.1px;left:728.91px;white-space:nowrap">average
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4273.1px;left:1378.28px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4273.1px;left:1662.73px;white-space:nowrap">assets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:0px;white-space:nowrap">Expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:747.11px;white-space:nowrap">before
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:1245.23px;white-space:nowrap">waiver
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:1752.03px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:2063.44px;white-space:nowrap">payments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:2801.56px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:3015px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:3643.11px;letter-spacing:60.2px;white-space:nowrap">......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:5018.33px;white-space:nowrap">1.35%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:6170.33px;white-space:nowrap">1.44%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:7322.33px;white-space:nowrap">1.49%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:8474.33px;white-space:nowrap">1.50%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4475.59px;left:9626.33px;white-space:nowrap">1.49%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:0px;white-space:nowrap">Expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:747.11px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:1013.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:1191.88px;white-space:nowrap">waiver
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:1698.67px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:2010.08px;white-space:nowrap">payments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:2748.2px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:2961.64px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:3549.7px;letter-spacing:58.6px;white-space:nowrap">.......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:5018.33px;white-space:nowrap">1.34%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:6170.33px;white-space:nowrap">1.43%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:7322.33px;white-space:nowrap">1.47%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:8474.33px;white-space:nowrap">1.49%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4678.07px;left:9626.33px;white-space:nowrap">1.48%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:293.44px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:1111.56px;white-space:nowrap">income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:1681.44px;letter-spacing:51.46px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:5018.33px;white-space:nowrap">1.49%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:6170.33px;white-space:nowrap">2.06%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:7322.33px;white-space:nowrap">2.63%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:8474.33px;white-space:nowrap">1.81%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4880.56px;left:9626.33px;white-space:nowrap">0.52%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5170.5px;left:0px;white-space:nowrap">Supplemental
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5170.5px;left:1093.52px;white-space:nowrap">data</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:293.44px;white-space:nowrap">assets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:755.86px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:844.77px;white-space:nowrap">end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:1156.17px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:1334.06px;white-space:nowrap">year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:1689.77px;letter-spacing:-0.41px;white-space:nowrap">(000&#8217;s)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:2241.91px;letter-spacing:52.17px;white-space:nowrap">.....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:4804.66px;white-space:nowrap">$258,217</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:5956.66px;white-space:nowrap">$226,225</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:7108.66px;white-space:nowrap">$213,497</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:8260.66px;white-space:nowrap">$216,704</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5372.98px;left:9412.66px;white-space:nowrap">$323,924</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:0px;white-space:nowrap">Portfolio
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:631.41px;white-space:nowrap">turnover
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:1262.81px;white-space:nowrap">rate</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:1588.02px;letter-spacing:51.37px;white-space:nowrap">............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:4929.34px;white-space:nowrap">16.68%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:6081.34px;white-space:nowrap">19.14%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:7233.34px;white-space:nowrap">26.18%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:8385.34px;white-space:nowrap">20.05%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5575.46px;left:9537.34px;white-space:nowrap">23.19%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:382.42px;white-space:nowrap">credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:818.13px;white-space:nowrap">facility
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:1307.11px;white-space:nowrap">outstanding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:2178.91px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:2356.8px;white-space:nowrap">end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:2668.2px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:2846.09px;white-space:nowrap">year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:3201.8px;letter-spacing:-0.41px;white-space:nowrap">(000&#8217;s)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:3736.52px;letter-spacing:62.45px;white-space:nowrap">.....</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:4982.62px;white-space:nowrap">$5,000</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:6134.62px;white-space:nowrap">$5,000</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:7197.64px;white-space:nowrap">$10,000</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:8349.64px;white-space:nowrap">$25,000</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5777.95px;left:9501.64px;white-space:nowrap">$15,000</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:0px;white-space:nowrap">Asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:444.61px;white-space:nowrap">coverage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:1147.27px;white-space:nowrap">per
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:1422.97px;white-space:nowrap">$1,000
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:1956.8px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:2134.69px;white-space:nowrap">debt</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:2522.15px;letter-spacing:52.71px;white-space:nowrap">..................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:4893.64px;white-space:nowrap">$52,643</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:6045.64px;white-space:nowrap">$46,245</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:7197.64px;white-space:nowrap">$22,350</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:8438.62px;white-space:nowrap">$9,668</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5980.43px;left:9501.64px;white-space:nowrap">$22,595</div></div>
</div>

<div style="height:64.06px;left:0px;position:absolute;top:0px;transform:translate(54.000px,661.664px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:1165.45px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:22.81px;left:0px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:42.54px;white-space:nowrap">Based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:451.06px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:633.48px;white-space:nowrap">average
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1144.1px;white-space:nowrap">daily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1450.43px;white-space:nowrap">shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1880.74px;white-space:nowrap">outstanding.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:219.3px;left:0px;white-space:nowrap">b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:42.54px;white-space:nowrap">Based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:451.06px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:633.48px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:852.38px;white-space:nowrap">last
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:1093.09px;white-space:nowrap">sale
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:1370.27px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:1552.7px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:1771.6px;white-space:nowrap">New
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:2068.17px;letter-spacing:-2.41px;white-space:nowrap">York
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:2362.38px;white-space:nowrap">Stock
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:2727.07px;white-space:nowrap">Exchange.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:415.78px;left:0px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:38.26px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:300.84px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:738.34px;letter-spacing:-1.6px;white-space:nowrap">Value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1098.49px;letter-spacing:-2.42px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1412.17px;white-space:nowrap">Return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1842.4px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1973.65px;white-space:nowrap">calculated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:2600.99px;white-space:nowrap">assuming
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:3199.04px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:3308.49px;white-space:nowrap">purchase
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:5401.93px;white-space:nowrap">opening
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:5905.37px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:6270.21px;text-rendering:optimizeLegibility;white-space:nowrap">first
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:6518.1px;white-space:nowrap">business
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:7072.48px;white-space:nowrap">day
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:7575.92px;white-space:nowrap">a
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:7685.37px;white-space:nowrap">sale
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:7962.56px;white-space:nowrap">on
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:8363.88px;white-space:nowrap">closing
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:9173.65px;white-space:nowrap">last
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:9414.35px;white-space:nowrap">business
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:0px;white-space:nowrap">day </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:248.05px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:393.98px;white-space:nowrap">each
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:715px;white-space:nowrap">period.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:1152.66px;white-space:nowrap">Dividends
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:1765.23px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:2020.63px;white-space:nowrap">distributions
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:2757.27px;white-space:nowrap">are
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:2983.36px;white-space:nowrap">assumed
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:3552.27px;white-space:nowrap">for
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:3960.78px;white-space:nowrap">purposes
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:4537.03px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:4923.67px;white-space:nowrap">calculation
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:5908.52px;white-space:nowrap">reinvested
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:6550.39px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:6696.33px;white-space:nowrap">prices
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:7082.81px;white-space:nowrap">obtained
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:7622.73px;white-space:nowrap">under
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:7994.77px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:8213.67px;white-space:nowrap">Fund&#39;s
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:8640px;white-space:nowrap">Dividend
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:9186.95px;white-space:nowrap">Reinvestment
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:0px;white-space:nowrap">and </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:255.39px;white-space:nowrap">Cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:598.13px;white-space:nowrap">Purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:1188.91px;white-space:nowrap">Plan.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:1524.45px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:1757.89px;white-space:nowrap">Asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:2122.58px;letter-spacing:-1.6px;white-space:nowrap">Value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:2482.73px;letter-spacing:-2.42px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:2796.41px;white-space:nowrap">Return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:3226.64px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:3357.89px;white-space:nowrap">calculated
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:4386.56px;white-space:nowrap">same
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:4743.91px;white-space:nowrap">basis,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:5123.2px;white-space:nowrap">except
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:6020.63px;white-space:nowrap">Fund&#39;s
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:6446.95px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:6665.86px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:7016.02px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:7366.17px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:7497.42px;white-space:nowrap">used
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:7818.44px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:8000.86px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:8219.77px;white-space:nowrap">purchase,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:8832.5px;white-space:nowrap">sale
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:9109.69px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:795.56px;left:9365.08px;white-space:nowrap">dividend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:0px;white-space:nowrap">reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:787.66px;white-space:nowrap">dates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:1145.16px;white-space:nowrap">instead
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:1604.77px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:1750.7px;white-space:nowrap">market
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:2188.2px;white-space:nowrap">value.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:2572.58px;letter-spacing:-2.42px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:2886.25px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:3265.47px;white-space:nowrap">does
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:3586.48px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:3805.39px;text-rendering:optimizeLegibility;white-space:nowrap">reflect
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:4199.22px;white-space:nowrap">brokerage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:4826.48px;white-space:nowrap">commissions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:5621.25px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:5774.38px;white-space:nowrap">sales
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:6117.19px;white-space:nowrap">charges
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:6620.47px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:6759.06px;white-space:nowrap">connection
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:7430.23px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:7700px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:7918.91px;white-space:nowrap">purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:8495.16px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:8648.28px;white-space:nowrap">sale
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:8925.47px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:9071.41px;white-space:nowrap">Fund
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:987.56px;left:9406.95px;white-space:nowrap">shares.</div></div>
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<div style="width:9164.39px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.75px) rotate(0deg) scale(0.05)">

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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1028.91px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1291.48px;white-space:nowrap">accompanying
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2174.06px;white-space:nowrap">notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2531.56px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2757.66px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2940.08px;white-space:nowrap">integral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3406.88px;white-space:nowrap">part
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3669.45px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3815.39px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4172.89px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4690.78px;white-space:nowrap">statements.</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">10</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

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</div>

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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12268.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.62px) rotate(0deg) scale(0.05)">

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:0px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:432px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:5992.83px;white-space:nowrap">Industry</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:7530.33px;white-space:nowrap">Shares</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:8407.02px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:234.11px;left:432px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:321.88px;left:432px;white-space:nowrap">Common
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:321.88px;left:1354.17px;white-space:nowrap">Stocks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:321.88px;left:2065.59px;white-space:nowrap">93.0%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:595.91px;left:432px;white-space:nowrap">Brazil
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:595.91px;left:912.16px;white-space:nowrap">2.6%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:432px;white-space:nowrap">Hypera
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:992.23px;letter-spacing:-4.41px;white-space:nowrap">SA</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:1272.72px;letter-spacing:50.32px;white-space:nowrap">.....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:5441.27px;white-space:nowrap">Pharmaceuticals</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:7485.64px;white-space:nowrap">296,999</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:9279.22px;white-space:nowrap">$</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:9368.2px;white-space:nowrap">1,336,587</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:992.09px;left:380.12px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:988.88px;left:432px;white-space:nowrap">Oncoclinicas
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:988.88px;left:1383.48px;white-space:nowrap">do
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:988.88px;left:1605.91px;white-space:nowrap">Brasil
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:988.88px;left:2050.44px;white-space:nowrap">Servicos
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:988.88px;left:2708.41px;white-space:nowrap">Medicos
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:576px;letter-spacing:-4.41px;white-space:nowrap">SA</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:805.65px;letter-spacing:50.06px;white-space:nowrap">..........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:4240.88px;white-space:nowrap">Health
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:4747.83px;white-space:nowrap">Care
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:5139.08px;white-space:nowrap">Providers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:5859.31px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:7485.64px;white-space:nowrap">607,187</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1180.88px;left:9501.64px;white-space:nowrap">302,370</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1377.36px;left:432px;letter-spacing:-0.48px;white-space:nowrap">TOTVS
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1377.36px;left:1006.92px;letter-spacing:-4.41px;white-space:nowrap">SA</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1377.36px;left:1272.72px;letter-spacing:50.32px;white-space:nowrap">.....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1377.36px;left:5992.59px;white-space:nowrap">Software</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1377.36px;left:7485.64px;white-space:nowrap">220,776</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1377.36px;left:9368.2px;white-space:nowrap">1,755,018</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1573.85px;left:432px;letter-spacing:-2.37px;white-space:nowrap">Vale
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1573.85px;left:784.81px;letter-spacing:-4.41px;white-space:nowrap">SA</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1573.85px;left:992.48px;letter-spacing:50.15px;white-space:nowrap">........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1573.85px;left:5485.8px;white-space:nowrap">Metals
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1573.85px;left:6001.5px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1573.85px;left:6152.67px;white-space:nowrap">Mining</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1573.85px;left:7485.64px;white-space:nowrap">231,595</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1573.85px;left:9368.2px;white-space:nowrap">2,373,253</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1770.33px;left:432px;letter-spacing:-5.16px;white-space:nowrap">XP,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1770.33px;left:713.72px;white-space:nowrap">Inc.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1770.33px;left:1051.69px;letter-spacing:-8.83px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1770.33px;left:1179.3px;letter-spacing:50.26px;white-space:nowrap">......................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1770.33px;left:5512.52px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1770.33px;left:6055.02px;white-space:nowrap">Markets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1770.33px;left:7574.63px;white-space:nowrap">56,706</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1770.33px;left:9368.2px;white-space:nowrap">1,028,647</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2054.09px;left:9368.2px;white-space:nowrap">6,795,875</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2381.54px;left:432px;white-space:nowrap">Chile
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2381.54px;left:867.63px;white-space:nowrap">1.0%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:432px;white-space:nowrap">Banco
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:930.13px;white-space:nowrap">Santander
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:1712.94px;white-space:nowrap">Chile,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:2157.63px;white-space:nowrap">ADR</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:2580.5px;letter-spacing:53.05px;white-space:nowrap">.......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:7485.64px;white-space:nowrap">103,137</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:9368.2px;white-space:nowrap">2,479,413</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2905.47px;left:432px;white-space:nowrap">China
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2905.47px;left:920.91px;white-space:nowrap">24.4%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3105.17px;left:380.12px;white-space:nowrap">b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:432px;white-space:nowrap">Alibaba
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:1010.2px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:1499.34px;white-space:nowrap">Holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:2086.38px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:2393.68px;letter-spacing:52.14px;white-space:nowrap">.........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:5494.47px;white-space:nowrap">Broadline
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:6214.94px;white-space:nowrap">Retail</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:7485.64px;white-space:nowrap">468,613</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3101.96px;left:9368.2px;white-space:nowrap">7,759,139</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3301.65px;left:302.33px;white-space:nowrap">a,b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:432px;white-space:nowrap">Baidu,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:930.13px;white-space:nowrap">Inc.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:1268.09px;letter-spacing:-8.83px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:1366.13px;letter-spacing:50.39px;white-space:nowrap">....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:4596.5px;white-space:nowrap">Interactive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:5379.08px;white-space:nowrap">Media
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:5859.31px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:7485.64px;white-space:nowrap">237,340</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3298.44px;left:9368.2px;white-space:nowrap">2,809,058</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3494.92px;left:432px;white-space:nowrap">Beijing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3494.92px;left:956.77px;white-space:nowrap">Oriental
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3494.92px;left:1558.56px;letter-spacing:-1.26px;white-space:nowrap">Yuhong
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3494.92px;left:2145.83px;letter-spacing:-0.54px;white-space:nowrap">Waterproof
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:576px;letter-spacing:-1.61px;white-space:nowrap">Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:1429.91px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:1723.34px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:2070.3px;letter-spacing:-8.83px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:2206.85px;letter-spacing:51.56px;white-space:nowrap">...........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:5032.28px;white-space:nowrap">Construction
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:5974.94px;white-space:nowrap">Materials</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:7485.64px;white-space:nowrap">183,175</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3686.92px;left:9501.64px;white-space:nowrap">302,413</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3886.62px;left:307.57px;white-space:nowrap">c,d</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3883.41px;left:432px;white-space:nowrap">Budweiser
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3883.41px;left:1223.48px;white-space:nowrap">Brewing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3883.41px;left:1845.98px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3883.41px;left:2130.59px;letter-spacing:-2.37px;white-space:nowrap">APAC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3883.41px;left:2598.88px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4075.41px;left:576px;white-space:nowrap">144A,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4075.41px;left:1038.58px;white-space:nowrap">Reg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4075.41px;left:1376.55px;white-space:nowrap">S</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4075.41px;left:1552.96px;letter-spacing:50.55px;white-space:nowrap">..................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4075.41px;left:5859.08px;white-space:nowrap">Beverages</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4075.41px;left:7352.2px;white-space:nowrap">2,786,896</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4075.41px;left:9368.2px;white-space:nowrap">3,022,125</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:432px;white-space:nowrap">China
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:894.5px;white-space:nowrap">Merchants
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:1685.91px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:2095.05px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:2388.48px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:2735.44px;letter-spacing:-8.83px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:2860.74px;letter-spacing:56.12px;white-space:nowrap">....</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:7485.64px;white-space:nowrap">764,487</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4271.89px;left:9368.2px;white-space:nowrap">4,599,733</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:432px;white-space:nowrap">COSCO
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:1063.17px;white-space:nowrap">SHIPPING
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:1872.23px;white-space:nowrap">Ports
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:2290.13px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:2580.5px;letter-spacing:53.05px;white-space:nowrap">.......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:4611.27px;letter-spacing:-0.4px;white-space:nowrap">Transportation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:5681.42px;white-space:nowrap">Infrastructure</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:7364.08px;letter-spacing:-1.32px;white-space:nowrap">1,211,228</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4468.38px;left:9501.64px;white-space:nowrap">879,405</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:4668.07px;left:307.57px;white-space:nowrap">a,c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:432px;white-space:nowrap">Daqo
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:858.95px;white-space:nowrap">New
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:1223.48px;white-space:nowrap">Energy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:1774.89px;white-space:nowrap">Corp.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:2246.22px;white-space:nowrap">ADR</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:2673.91px;letter-spacing:53.73px;white-space:nowrap">......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:3404.63px;white-space:nowrap">Semiconductors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:4596.27px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:4747.44px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:5859.08px;white-space:nowrap">Equipment</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:7574.63px;white-space:nowrap">48,253</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4664.86px;left:9368.2px;white-space:nowrap">1,223,214</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:4864.56px;left:380.12px;white-space:nowrap">d</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4861.35px;left:432px;white-space:nowrap">Greentown
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4861.35px;left:1259.11px;white-space:nowrap">Service
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4861.35px;left:1837.08px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4861.35px;left:2326.22px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4861.35px;left:2619.66px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4861.35px;left:2975.44px;white-space:nowrap">Reg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:576px;white-space:nowrap">S</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:712.24px;letter-spacing:50.02px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:3680.17px;white-space:nowrap">Real
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:4053.69px;white-space:nowrap">Estate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:4551.73px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:5530.09px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:5681.27px;white-space:nowrap">Development</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:7485.64px;white-space:nowrap">732,186</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5053.35px;left:9501.64px;white-space:nowrap">468,293</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:432px;white-space:nowrap">Haier
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:858.8px;white-space:nowrap">Smart
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:1329.97px;white-space:nowrap">Home
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:1801.22px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:2094.66px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:2450.44px;white-space:nowrap">D</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:2580.5px;letter-spacing:53.05px;white-space:nowrap">.......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:5174.23px;white-space:nowrap">Household
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:5983.69px;white-space:nowrap">Durables</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:7485.64px;white-space:nowrap">710,943</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5249.83px;left:9368.2px;white-space:nowrap">1,647,527</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5446.32px;left:432px;white-space:nowrap">Health
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5446.32px;left:938.95px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5446.32px;left:1090.13px;white-space:nowrap">Happiness
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5446.32px;left:1890.59px;white-space:nowrap">H&amp;H
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5446.32px;left:2272.86px;white-space:nowrap">International
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5638.32px;left:576px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5638.32px;left:1243.03px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5638.32px;left:1552.96px;letter-spacing:50.55px;white-space:nowrap">..................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5638.32px;left:5583.45px;white-space:nowrap">Food
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5638.32px;left:5992.59px;white-space:nowrap">Products</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5638.32px;left:7574.63px;white-space:nowrap">81,772</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5638.32px;left:9501.64px;white-space:nowrap">154,841</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5838.01px;left:380.12px;white-space:nowrap">b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.8px;left:432px;white-space:nowrap">JD.com,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.8px;left:1063.17px;white-space:nowrap">Inc.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.8px;left:1401.14px;letter-spacing:-8.83px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.8px;left:1552.96px;letter-spacing:50.55px;white-space:nowrap">..................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.8px;left:5494.47px;white-space:nowrap">Broadline
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.8px;left:6214.94px;white-space:nowrap">Retail</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.8px;left:7574.63px;white-space:nowrap">44,451</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.8px;left:9501.64px;white-space:nowrap">688,775</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:6034.49px;left:224.53px;white-space:nowrap">a,b,d</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:432px;white-space:nowrap">Kuaishou
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:1140.75px;letter-spacing:-2.47px;white-space:nowrap">Technology,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:2027.23px;white-space:nowrap">144A,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:2489.81px;white-space:nowrap">Reg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:2827.78px;white-space:nowrap">S</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:2954.15px;letter-spacing:58.51px;white-space:nowrap">...</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:4596.5px;white-space:nowrap">Interactive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:5379.08px;white-space:nowrap">Media
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:5859.31px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:7485.64px;white-space:nowrap">178,269</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6031.28px;left:9368.2px;white-space:nowrap">1,747,275</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:432px;white-space:nowrap">NARI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:855.83px;letter-spacing:-1.61px;white-space:nowrap">Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:1709.73px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:2003.17px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:2350.13px;letter-spacing:-8.83px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:2487.09px;letter-spacing:52.54px;white-space:nowrap">........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:5165.56px;white-space:nowrap">Electrical
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:5859.08px;white-space:nowrap">Equipment</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:7352.2px;white-space:nowrap">1,038,201</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6227.77px;left:9368.2px;white-space:nowrap">3,168,679</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:6427.46px;left:380.12px;white-space:nowrap">b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6424.25px;left:432px;white-space:nowrap">NetEase,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6424.25px;left:1134.58px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6424.25px;left:1459.54px;letter-spacing:50.47px;white-space:nowrap">...................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6424.25px;left:5627.91px;white-space:nowrap">Entertainment</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6424.25px;left:7485.64px;white-space:nowrap">100,637</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6424.25px;left:9368.2px;white-space:nowrap">2,759,548</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6620.74px;left:432px;white-space:nowrap">Ping
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6620.74px;left:787.86px;white-space:nowrap">An
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6620.74px;left:1028.02px;white-space:nowrap">Insurance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6620.74px;left:1775.13px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6620.74px;left:2264.27px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6620.74px;left:2557.7px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6620.74px;left:2735.59px;white-space:nowrap">China
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6812.74px;left:576px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6812.74px;left:931.78px;white-space:nowrap">H</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6812.74px;left:1085.89px;letter-spacing:50.21px;white-space:nowrap">.......................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6812.74px;left:5921.34px;white-space:nowrap">Insurance</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6812.74px;left:7485.64px;white-space:nowrap">441,337</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6812.74px;left:9368.2px;white-space:nowrap">3,213,219</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7009.22px;left:432px;white-space:nowrap">Prosus
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7009.22px;left:974.42px;white-space:nowrap">NV</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7009.22px;left:1272.72px;letter-spacing:50.32px;white-space:nowrap">.....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7009.22px;left:5494.47px;white-space:nowrap">Broadline
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7009.22px;left:6214.94px;white-space:nowrap">Retail</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7009.22px;left:7485.64px;white-space:nowrap">224,152</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7009.22px;left:9279.22px;white-space:nowrap">13,865,930</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:7208.92px;left:380.12px;white-space:nowrap">b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:432px;letter-spacing:-2.22px;white-space:nowrap">Tencent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:1036.84px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:1703.88px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:2020.02px;letter-spacing:51.16px;white-space:nowrap">.............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:4596.5px;white-space:nowrap">Interactive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:5379.08px;white-space:nowrap">Media
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:5859.31px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:7485.64px;white-space:nowrap">105,365</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7205.71px;left:9368.2px;white-space:nowrap">8,159,941</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:432px;white-space:nowrap">Uni-President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:1445.75px;white-space:nowrap">China
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:1908.25px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:2575.28px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:2860.74px;letter-spacing:56.12px;white-space:nowrap">....</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:5583.45px;white-space:nowrap">Food
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:5992.59px;white-space:nowrap">Products</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:7352.2px;white-space:nowrap">1,402,258</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7402.19px;left:9368.2px;white-space:nowrap">1,675,013</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:432px;letter-spacing:-0.36px;white-space:nowrap">Weichai
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:1042.63px;white-space:nowrap">Power
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:1540.59px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:1834.03px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:2189.81px;white-space:nowrap">H</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:2393.68px;letter-spacing:52.14px;white-space:nowrap">.........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:5885.95px;white-space:nowrap">Machinery</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:7485.64px;white-space:nowrap">921,336</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7598.67px;left:9368.2px;white-space:nowrap">1,936,807</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7795.16px;left:432px;letter-spacing:-0.48px;white-space:nowrap">Weifu
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7795.16px;left:882.55px;letter-spacing:-1.11px;white-space:nowrap">High-Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7795.16px;left:2118.8px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7795.16px;left:2607.94px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7795.16px;left:2901.38px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7987.16px;left:576px;white-space:nowrap">B</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7987.16px;left:712.24px;letter-spacing:50.02px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7987.16px;left:4871.89px;white-space:nowrap">Automobile
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7987.16px;left:5716.81px;white-space:nowrap">Components</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7987.16px;left:7485.64px;white-space:nowrap">269,612</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7987.16px;left:9501.64px;white-space:nowrap">469,166</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:8186.85px;left:302.33px;white-space:nowrap">a,d</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8183.64px;left:432px;letter-spacing:-0.58px;white-space:nowrap">Wuxi
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8183.64px;left:829.11px;white-space:nowrap">Biologics
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8183.64px;left:1513.88px;white-space:nowrap">Cayman,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8183.64px;left:2198.56px;white-space:nowrap">Inc.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8183.64px;left:2545.36px;white-space:nowrap">144A,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8183.64px;left:3007.94px;white-space:nowrap">Reg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:576px;white-space:nowrap">S</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:712.24px;letter-spacing:50.02px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:4448.14px;white-space:nowrap">Life
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:4750.56px;white-space:nowrap">Sciences
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:5441.34px;letter-spacing:-2.96px;white-space:nowrap">Tools
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:5859.31px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:7485.64px;white-space:nowrap">594,480</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8375.64px;left:9368.2px;white-space:nowrap">2,557,377</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8659.41px;left:9279.22px;white-space:nowrap">63,107,478</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8986.85px;left:432px;white-space:nowrap">Hong
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8986.85px;left:885.2px;white-space:nowrap">Kong
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8986.85px;left:1338.41px;white-space:nowrap">1.9%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9183.34px;left:432px;letter-spacing:-1.61px;white-space:nowrap">Techtronic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9183.34px;left:1205.67px;white-space:nowrap">Industries
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9183.34px;left:1943.8px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9183.34px;left:2237.23px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9183.34px;left:2580.5px;letter-spacing:53.05px;white-space:nowrap">.......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9183.34px;left:5885.95px;white-space:nowrap">Machinery</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9183.34px;left:7485.64px;white-space:nowrap">378,780</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9183.34px;left:9368.2px;white-space:nowrap">4,898,534</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9510.79px;left:432px;white-space:nowrap">Hungary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9510.79px;left:1125.44px;white-space:nowrap">1.1%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9707.27px;left:432px;white-space:nowrap">Richter
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9707.27px;left:983.25px;white-space:nowrap">Gedeon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9707.27px;left:1597.08px;white-space:nowrap">Nyrt.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9707.27px;left:2020.02px;letter-spacing:51.16px;white-space:nowrap">.............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9707.27px;left:5441.27px;white-space:nowrap">Pharmaceuticals</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9707.27px;left:7574.63px;white-space:nowrap">94,148</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9707.27px;left:9368.2px;white-space:nowrap">2,855,821</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10034.72px;left:432px;white-space:nowrap">India
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10034.72px;left:849.81px;white-space:nowrap">10.9%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10231.2px;left:432px;white-space:nowrap">ACC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10231.2px;left:814.27px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10231.2px;left:1085.89px;letter-spacing:50.21px;white-space:nowrap">.......................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10231.2px;left:5032.28px;white-space:nowrap">Construction
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10231.2px;left:5974.94px;white-space:nowrap">Materials</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10231.2px;left:7574.63px;white-space:nowrap">36,129</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10231.2px;left:9501.64px;white-space:nowrap">738,223</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:10430.9px;left:380.12px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10427.68px;left:432px;white-space:nowrap">Ather
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10427.68px;left:858.88px;white-space:nowrap">Energy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10427.68px;left:1410.28px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10427.68px;left:1739.78px;letter-spacing:50.75px;white-space:nowrap">................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10427.68px;left:5743.53px;white-space:nowrap">Automobiles</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10427.68px;left:7497.52px;letter-spacing:-1.7px;white-space:nowrap">158,311</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10427.68px;left:9501.64px;white-space:nowrap">807,766</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:432px;white-space:nowrap">Bajaj
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:832.23px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:1499.27px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:1650.44px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:2477.47px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:2767.33px;letter-spacing:54.69px;white-space:nowrap">.....</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:5325.72px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:7663.61px;white-space:nowrap">8,085</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10624.17px;left:9368.2px;white-space:nowrap">1,170,409</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:432px;white-space:nowrap">Brigade
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:1027.94px;white-space:nowrap">Enterprises
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:1881.61px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:2206.85px;letter-spacing:51.56px;white-space:nowrap">...........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:3680.17px;white-space:nowrap">Real
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:4053.69px;white-space:nowrap">Estate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:4551.73px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:5530.09px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:5681.27px;white-space:nowrap">Development</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:7574.63px;white-space:nowrap">66,809</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10820.65px;left:9501.64px;white-space:nowrap">699,576</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:11020.35px;left:380.12px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:432px;white-space:nowrap">Eternal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:983.41px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:1272.72px;letter-spacing:50.32px;white-space:nowrap">.....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:4498.53px;white-space:nowrap">Hotels,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:5040.95px;white-space:nowrap">Restaurants
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:5948.06px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:6099.23px;white-space:nowrap">Leisure</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:7485.64px;white-space:nowrap">768,184</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11017.14px;left:9368.2px;white-space:nowrap">2,737,054</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11213.62px;left:432px;white-space:nowrap">Federal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11213.62px;left:1018.95px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11213.62px;left:1428.09px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11213.62px;left:1739.78px;letter-spacing:50.75px;white-space:nowrap">................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11213.62px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11213.62px;left:7485.64px;white-space:nowrap">695,916</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11213.62px;left:9368.2px;white-space:nowrap">1,513,596</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11410.11px;left:432px;white-space:nowrap">HDFC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11410.11px;left:920.83px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11410.11px;left:1329.97px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11410.11px;left:1646.37px;letter-spacing:50.65px;white-space:nowrap">.................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11410.11px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11410.11px;left:7485.64px;white-space:nowrap">527,506</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11410.11px;left:9368.2px;white-space:nowrap">5,693,598</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11606.59px;left:432px;white-space:nowrap">ICICI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11606.59px;left:840.91px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11606.59px;left:1250.05px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11606.59px;left:1552.96px;letter-spacing:50.55px;white-space:nowrap">..................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11606.59px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11606.59px;left:7485.64px;white-space:nowrap">619,022</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11606.59px;left:9368.2px;white-space:nowrap">9,808,328</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11803.08px;left:432px;white-space:nowrap">Infosys
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11803.08px;left:983.33px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11803.08px;left:1272.72px;letter-spacing:50.32px;white-space:nowrap">.....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11803.08px;left:5826.73px;letter-spacing:-0.96px;white-space:nowrap">IT
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11803.08px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11803.08px;left:7485.64px;white-space:nowrap">107,652</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11803.08px;left:9368.2px;white-space:nowrap">1,805,646</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:12002.77px;left:380.12px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:432px;white-space:nowrap">Niva
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:796.53px;white-space:nowrap">Bupa
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:1214.66px;white-space:nowrap">Health
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:1721.61px;white-space:nowrap">Insurance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:2468.72px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:2762.16px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:3047.57px;letter-spacing:63.28px;white-space:nowrap">..</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:5921.34px;white-space:nowrap">Insurance</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:7352.2px;white-space:nowrap">1,015,129</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11999.56px;left:9501.64px;white-space:nowrap">937,515</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:51.66px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:936px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7913.58px;letter-spacing:10.67px;white-space:nowrap">Schedule
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8772.28px;letter-spacing:8px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9027.03px;letter-spacing:10.91px;white-space:nowrap">Investments</div></div>
</div>

<div style="height:40.61px;left:0px;position:absolute;top:0px;transform:translate(53.999px,77.750px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:691.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">
</div> </div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:30.71px;left:0px;position:absolute;top:0px;transform:translate(54.000px,738.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:459.61px">

<div style="width:9192.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.75px) rotate(0deg) scale(0.05)">

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(8270.481px,65.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:580.79px;letter-spacing:-4.8px;white-space:nowrap">11</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12258px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.62px) rotate(0deg) scale(0.05)">

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:0px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:432px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:5992.83px;white-space:nowrap">Industry</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:7530.33px;white-space:nowrap">Shares</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:8407.02px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:234.11px;left:432px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:321.88px;left:432px;white-space:nowrap">Common
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:321.88px;left:1354.17px;white-space:nowrap">Stocks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:355.74px;left:2065.59px;white-space:nowrap">(continued)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:595.91px;left:432px;white-space:nowrap">India
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:595.91px;left:849.81px;white-space:nowrap">(continued)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:795.6px;left:380.12px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:432px;white-space:nowrap">ReNew
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:1001.06px;white-space:nowrap">Energy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:1552.47px;white-space:nowrap">Global
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:2059.42px;white-space:nowrap">plc,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:2344.03px;letter-spacing:-8.83px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:2487.09px;letter-spacing:52.54px;white-space:nowrap">........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:3350.88px;white-space:nowrap">Independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:4285.09px;white-space:nowrap">Power
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:4783.06px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:5094.47px;white-space:nowrap">Renewable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:5939.47px;white-space:nowrap">Electricity
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:984.39px;left:5894.78px;white-space:nowrap">Producers</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:984.39px;left:7485.64px;white-space:nowrap">282,885</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:984.39px;left:9279.22px;white-space:nowrap">$</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:984.39px;left:9368.2px;white-space:nowrap">2,152,755</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1268.16px;left:9279.22px;white-space:nowrap">28,064,466</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1595.6px;left:432px;white-space:nowrap">Indonesia
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1595.6px;left:1223.25px;white-space:nowrap">0.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:432px;white-space:nowrap">Astra
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:849.89px;white-space:nowrap">International
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:1772.08px;white-space:nowrap">Tbk.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:2127.7px;letter-spacing:-1.45px;white-space:nowrap">PT</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:2393.68px;letter-spacing:52.14px;white-space:nowrap">.........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:4845.33px;white-space:nowrap">Industrial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:5539px;white-space:nowrap">Conglomerates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:7352.2px;white-space:nowrap">4,288,099</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:9368.2px;white-space:nowrap">1,430,570</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2119.53px;left:432px;white-space:nowrap">Italy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2119.53px;left:796.61px;white-space:nowrap">0.1%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2319.23px;left:302.33px;white-space:nowrap">a,d</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:432px;white-space:nowrap">Wizz
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:814.19px;white-space:nowrap">Air
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:1054.19px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:1721.22px;white-space:nowrap">plc,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:2014.66px;white-space:nowrap">144A,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:2477.23px;white-space:nowrap">Reg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:2815.2px;white-space:nowrap">S</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:2954.15px;letter-spacing:58.51px;white-space:nowrap">...</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:5298.84px;white-space:nowrap">Passenger
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:6099.39px;white-space:nowrap">Airlines</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:7574.63px;white-space:nowrap">13,187</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2316.02px;left:9501.64px;white-space:nowrap">242,873</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2643.46px;left:432px;white-space:nowrap">Mexico
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2643.46px;left:1018.87px;white-space:nowrap">2.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2839.95px;left:432px;white-space:nowrap">Grupo
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2839.95px;left:921.14px;white-space:nowrap">Financiero
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2839.95px;left:1712.63px;white-space:nowrap">Banorte
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2839.95px;left:2317.47px;white-space:nowrap">SAB
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2839.95px;left:2682.08px;white-space:nowrap">de
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2839.95px;left:2904.5px;letter-spacing:-3.67px;white-space:nowrap">CV,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3031.95px;left:576px;white-space:nowrap">O</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3031.95px;left:712.24px;letter-spacing:50.02px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3031.95px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3031.95px;left:7485.64px;white-space:nowrap">742,348</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3031.95px;left:9368.2px;white-space:nowrap">6,789,296</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3231.64px;left:229.77px;white-space:nowrap">a,c,d</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:432px;white-space:nowrap">Nemak
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:983.25px;white-space:nowrap">SAB
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:1347.86px;white-space:nowrap">de
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:1570.28px;letter-spacing:-3.67px;white-space:nowrap">CV,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:1866.77px;white-space:nowrap">144A,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:2329.34px;white-space:nowrap">Reg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:2667.31px;white-space:nowrap">S</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:2860.74px;letter-spacing:56.12px;white-space:nowrap">....</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:4871.89px;white-space:nowrap">Automobile
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:5716.81px;white-space:nowrap">Components</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:7485.64px;white-space:nowrap">758,807</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3228.43px;left:9501.64px;white-space:nowrap">158,148</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3512.2px;left:9368.2px;white-space:nowrap">6,947,444</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3839.64px;left:432px;white-space:nowrap">Peru
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3839.64px;left:832.16px;white-space:nowrap">0.4%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4036.13px;left:432px;white-space:nowrap">Intercorp
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4036.13px;left:1107.86px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4036.13px;left:1792.63px;white-space:nowrap">Services,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4036.13px;left:2495.05px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4036.13px;left:2767.33px;letter-spacing:54.69px;white-space:nowrap">.....</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4036.13px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4036.13px;left:7574.63px;white-space:nowrap">26,105</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4036.13px;left:9368.2px;white-space:nowrap">1,036,891</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4363.58px;left:432px;white-space:nowrap">Philippines
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4363.58px;left:1329.89px;white-space:nowrap">0.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4560.06px;left:432px;white-space:nowrap">BDO
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4560.06px;left:823.17px;white-space:nowrap">Unibank,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4560.06px;left:1499.11px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4560.06px;left:1833.2px;letter-spacing:50.87px;white-space:nowrap">...............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4560.06px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4560.06px;left:7485.64px;white-space:nowrap">530,206</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4560.06px;left:9368.2px;white-space:nowrap">1,254,420</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4887.51px;left:432px;white-space:nowrap">Russia
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4887.51px;left:1001.14px;white-space:nowrap">0.0%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5087.2px;left:250.5px;white-space:nowrap">a,e,f</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:432px;letter-spacing:-0.85px;white-space:nowrap">LUKOIL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:1039.66px;white-space:nowrap">PJSC</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:1459.54px;letter-spacing:50.47px;white-space:nowrap">...................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:4516.5px;white-space:nowrap">Oil,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:4800.95px;white-space:nowrap">Gas
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:5138.84px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:5290.02px;white-space:nowrap">Consumable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:6232.75px;white-space:nowrap">Fuels</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:7574.63px;white-space:nowrap">86,387</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5083.99px;left:9920px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5283.69px;left:250.5px;white-space:nowrap">a,e,f</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5280.47px;left:432px;white-space:nowrap">Sberbank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5280.47px;left:1161.38px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5280.47px;left:1339.27px;white-space:nowrap">Russia
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5280.47px;left:1872.78px;white-space:nowrap">PJSC</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5280.47px;left:2300.26px;letter-spacing:51.82px;white-space:nowrap">..........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5280.47px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5280.47px;left:7352.2px;white-space:nowrap">1,014,728</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5280.47px;left:9920px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5564.24px;left:9920px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5891.69px;left:432px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5891.69px;left:923.72px;white-space:nowrap">Africa
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5891.69px;left:1421.69px;white-space:nowrap">2.3%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6088.17px;left:432px;white-space:nowrap">Discovery
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6088.17px;left:1178.8px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6088.17px;left:1459.54px;letter-spacing:50.47px;white-space:nowrap">...................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6088.17px;left:5921.34px;white-space:nowrap">Insurance</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6088.17px;left:7485.64px;white-space:nowrap">314,419</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6088.17px;left:9368.2px;white-space:nowrap">3,867,853</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:432px;white-space:nowrap">Netcare
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:1036.69px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:1366.13px;letter-spacing:50.39px;white-space:nowrap">....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:4240.88px;white-space:nowrap">Health
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:4747.83px;white-space:nowrap">Care
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:5139.08px;white-space:nowrap">Providers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:5859.31px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:7352.2px;white-space:nowrap">2,497,907</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6284.65px;left:9368.2px;white-space:nowrap">1,964,093</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6568.42px;left:9368.2px;white-space:nowrap">5,831,946</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6895.87px;left:432px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6895.87px;left:929.66px;white-space:nowrap">Korea
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6895.87px;left:1427.63px;white-space:nowrap">17.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:7095.56px;left:302.33px;white-space:nowrap">a,d</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:432px;white-space:nowrap">Delivery
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:1054.34px;white-space:nowrap">Hero
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:1445.59px;white-space:nowrap">SE,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:1747.94px;white-space:nowrap">144A,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:2210.52px;white-space:nowrap">Reg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:2548.48px;white-space:nowrap">S</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:2673.91px;letter-spacing:53.73px;white-space:nowrap">......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:4498.53px;white-space:nowrap">Hotels,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:5040.95px;white-space:nowrap">Restaurants
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:5948.06px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:6099.23px;white-space:nowrap">Leisure</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:7497.52px;letter-spacing:-1.7px;white-space:nowrap">113,164</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7092.35px;left:9368.2px;white-space:nowrap">3,002,126</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7288.83px;left:432px;white-space:nowrap">Doosan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7288.83px;left:1027.94px;white-space:nowrap">Bobcat,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7288.83px;left:1614.97px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7288.83px;left:1926.61px;letter-spacing:51.01px;white-space:nowrap">..............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7288.83px;left:5885.95px;white-space:nowrap">Machinery</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7288.83px;left:7574.63px;white-space:nowrap">62,548</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7288.83px;left:9368.2px;white-space:nowrap">2,389,490</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7485.32px;left:432px;white-space:nowrap">Hanmi
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7485.32px;left:938.8px;white-space:nowrap">Pharm
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7485.32px;left:1454.5px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7485.32px;left:1747.94px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7485.32px;left:2020.02px;letter-spacing:51.16px;white-space:nowrap">.............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7485.32px;left:5441.27px;white-space:nowrap">Pharmaceuticals</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7485.32px;left:7663.61px;white-space:nowrap">3,605</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7485.32px;left:9501.64px;white-space:nowrap">783,634</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7681.8px;left:432px;white-space:nowrap">Hyundai
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7681.8px;left:1063.48px;white-space:nowrap">Motor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7681.8px;left:1516.92px;white-space:nowrap">Co.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7681.8px;left:1833.2px;letter-spacing:50.87px;white-space:nowrap">...............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7681.8px;left:5743.53px;white-space:nowrap">Automobiles</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7681.8px;left:7574.63px;white-space:nowrap">24,779</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7681.8px;left:9368.2px;white-space:nowrap">3,900,908</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7878.29px;left:432px;letter-spacing:-0.96px;white-space:nowrap">KT
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7878.29px;left:678.02px;white-space:nowrap">Skylife
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7878.29px;left:1193.72px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7878.29px;left:1487.16px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7878.29px;left:1833.2px;letter-spacing:50.87px;white-space:nowrap">...............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7878.29px;left:6188.22px;white-space:nowrap">Media</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7878.29px;left:7574.63px;white-space:nowrap">45,931</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7878.29px;left:9501.64px;white-space:nowrap">172,621</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8074.77px;left:432px;white-space:nowrap">LG
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8074.77px;left:689.89px;white-space:nowrap">Corp.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8074.77px;left:1085.89px;letter-spacing:50.21px;white-space:nowrap">.......................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8074.77px;left:4845.33px;white-space:nowrap">Industrial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8074.77px;left:5539px;white-space:nowrap">Conglomerates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8074.77px;left:7574.63px;white-space:nowrap">71,509</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8074.77px;left:9368.2px;white-space:nowrap">3,823,493</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:8274.47px;left:380.12px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:432px;white-space:nowrap">LigaChem
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:1205.75px;white-space:nowrap">Biosciences,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:2148.41px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:2487.09px;letter-spacing:52.54px;white-space:nowrap">........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:4448.14px;white-space:nowrap">Life
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:4750.56px;white-space:nowrap">Sciences
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:5441.34px;letter-spacing:-2.96px;white-space:nowrap">Tools
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:5859.31px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:7663.61px;white-space:nowrap">6,522</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8271.26px;left:9501.64px;white-space:nowrap">690,933</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:432px;white-space:nowrap">Misto
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:858.72px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:1525.75px;white-space:nowrap">Corp.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:1926.61px;letter-spacing:51.01px;white-space:nowrap">..............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:4267.2px;letter-spacing:-1.77px;white-space:nowrap">Textiles,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:4880.8px;white-space:nowrap">Apparel
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:5476.73px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:5627.91px;white-space:nowrap">Luxury
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:6152.59px;white-space:nowrap">Goods</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:7574.63px;white-space:nowrap">42,245</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8467.74px;left:9368.2px;white-space:nowrap">1,265,625</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:432px;letter-spacing:-1.98px;white-space:nowrap">NAVER
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:1015.83px;white-space:nowrap">Corp.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:1459.54px;letter-spacing:50.47px;white-space:nowrap">...................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:4596.5px;white-space:nowrap">Interactive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:5379.08px;white-space:nowrap">Media
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:5859.31px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:7574.63px;white-space:nowrap">25,980</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8664.22px;left:9368.2px;white-space:nowrap">3,993,745</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:432px;white-space:nowrap">Samsung
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:1152.39px;white-space:nowrap">Electronics
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:1979.34px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:2272.78px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:2580.5px;letter-spacing:53.05px;white-space:nowrap">.......</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:3422.28px;letter-spacing:-1.61px;white-space:nowrap">Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:4276.19px;white-space:nowrap">Hardware,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:5058.69px;white-space:nowrap">Storage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:5663.53px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:5814.7px;white-space:nowrap">Peripherals</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:7485.64px;white-space:nowrap">181,409</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8860.71px;left:9368.2px;white-space:nowrap">9,063,157</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:432px;white-space:nowrap">Samsung
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:1152.39px;white-space:nowrap">Life
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:1454.81px;white-space:nowrap">Insurance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:2201.92px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:2495.36px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:2767.33px;letter-spacing:54.69px;white-space:nowrap">.....</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:5921.34px;white-space:nowrap">Insurance</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:7574.63px;white-space:nowrap">29,467</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9057.19px;left:9368.2px;white-space:nowrap">3,027,238</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:432px;white-space:nowrap">Samsung
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:1152.39px;white-space:nowrap">SDI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:1463.56px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:1757px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:2113.44px;letter-spacing:51.35px;white-space:nowrap">............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:4036.19px;white-space:nowrap">Electronic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:4783.14px;white-space:nowrap">Equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:5636.97px;white-space:nowrap">Instruments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9253.68px;left:6517.28px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9445.68px;left:5716.81px;white-space:nowrap">Components</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9445.68px;left:7574.63px;white-space:nowrap">10,308</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9445.68px;left:9368.2px;white-space:nowrap">1,527,613</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:432px;white-space:nowrap">SK
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:689.89px;white-space:nowrap">Hynix,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:1178.88px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:1459.54px;letter-spacing:50.47px;white-space:nowrap">...................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:3404.63px;white-space:nowrap">Semiconductors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:4596.27px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:4747.44px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:5859.08px;white-space:nowrap">Equipment</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:7574.63px;white-space:nowrap">58,946</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9642.16px;left:9291.09px;letter-spacing:-1.19px;white-space:nowrap">11,231,417</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9838.65px;left:432px;white-space:nowrap">Soulbrain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9838.65px;left:1152.47px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9838.65px;left:1445.91px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9838.65px;left:1739.78px;letter-spacing:50.75px;white-space:nowrap">................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9838.65px;left:5877.13px;white-space:nowrap">Chemicals</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9838.65px;left:7663.61px;white-space:nowrap">1,294</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9838.65px;left:9501.64px;white-space:nowrap">202,656</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10122.41px;left:9279.22px;white-space:nowrap">45,074,656</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10449.86px;left:432px;letter-spacing:-1.08px;white-space:nowrap">Taiwan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10449.86px;left:1006.92px;white-space:nowrap">20.2%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:432px;white-space:nowrap">Hon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:769.97px;white-space:nowrap">Hai
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:1054.5px;white-space:nowrap">Precision
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:1757px;white-space:nowrap">Industry
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:2370.59px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:2664.03px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:2954.15px;letter-spacing:58.51px;white-space:nowrap">...</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:4036.19px;white-space:nowrap">Electronic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:4783.14px;white-space:nowrap">Equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:5636.97px;white-space:nowrap">Instruments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10646.34px;left:6517.28px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10838.34px;left:5716.81px;white-space:nowrap">Components</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10838.34px;left:7485.64px;white-space:nowrap">899,310</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10838.34px;left:9368.2px;white-space:nowrap">5,937,201</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:432px;white-space:nowrap">Lite-On
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:998.25px;letter-spacing:-1.61px;white-space:nowrap">Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:1852.16px;white-space:nowrap">Corp.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:2300.26px;letter-spacing:51.82px;white-space:nowrap">..........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:3422.28px;letter-spacing:-1.61px;white-space:nowrap">Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:4276.19px;white-space:nowrap">Hardware,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:5058.69px;white-space:nowrap">Storage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:5663.53px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:5814.7px;white-space:nowrap">Peripherals</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:7485.64px;white-space:nowrap">243,961</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11034.83px;left:9368.2px;white-space:nowrap">1,032,065</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:432px;letter-spacing:-1.77px;white-space:nowrap">MediaTek,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:1205.67px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:1552.96px;letter-spacing:50.55px;white-space:nowrap">..................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:3404.63px;white-space:nowrap">Semiconductors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:4596.27px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:4747.44px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:5859.08px;white-space:nowrap">Equipment</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:7485.64px;white-space:nowrap">153,213</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11231.31px;left:9368.2px;white-space:nowrap">6,808,179</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11427.79px;left:432px;letter-spacing:-2.53px;white-space:nowrap">Taiwan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11427.79px;left:974.5px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11427.79px;left:2086.14px;white-space:nowrap">Manufacturing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:576px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:869.44px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:1179.3px;letter-spacing:50.26px;white-space:nowrap">......................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:3404.63px;white-space:nowrap">Semiconductors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:4596.27px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:4747.44px;white-space:nowrap">Semiconductor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:5859.08px;white-space:nowrap">Equipment</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:7485.64px;white-space:nowrap">926,407</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11619.79px;left:9279.22px;white-space:nowrap">34,695,250</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11816.28px;left:432px;letter-spacing:-1.98px;white-space:nowrap">Yageo
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11816.28px;left:927.23px;white-space:nowrap">Corp.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11816.28px;left:1366.13px;letter-spacing:50.39px;white-space:nowrap">....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11816.28px;left:4036.19px;white-space:nowrap">Electronic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11816.28px;left:4783.14px;white-space:nowrap">Equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11816.28px;left:5636.97px;white-space:nowrap">Instruments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11816.28px;left:6517.28px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:12008.28px;left:5716.81px;white-space:nowrap">Components</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:12008.28px;left:7485.64px;white-space:nowrap">261,452</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:12008.28px;left:9368.2px;white-space:nowrap">1,183,937</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:51.66px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:936px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10.67px;white-space:nowrap">Schedule
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:858.7px;letter-spacing:8px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1113.45px;letter-spacing:10.91px;white-space:nowrap">Investments</div></div>
</div>

<div style="height:41.15px;left:0px;position:absolute;top:0px;transform:translate(36.000px,77.750px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:702px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">
</div> </div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:30.71px;left:0px;position:absolute;top:0px;transform:translate(80.389px,738.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:458.22px">

<div style="width:9164.39px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.75px) rotate(0deg) scale(0.05)">

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(911.718px,64.999px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1028.91px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1291.48px;white-space:nowrap">accompanying
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2174.06px;white-space:nowrap">notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2531.56px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2757.66px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2940.08px;white-space:nowrap">integral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3406.88px;white-space:nowrap">part
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3669.45px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3815.39px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4172.89px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4690.78px;white-space:nowrap">statements.</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">12</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12268.8px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.62px) rotate(0deg) scale(0.05)">

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:0px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:432px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:5992.83px;white-space:nowrap">Industry</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:7530.33px;white-space:nowrap">Shares</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:21.02px;left:8407.02px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:21.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:234.11px;left:432px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:321.88px;left:432px;white-space:nowrap">Common
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:321.88px;left:1354.17px;white-space:nowrap">Stocks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:355.74px;left:2065.59px;white-space:nowrap">(continued)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:595.91px;left:432px;letter-spacing:-1.48px;white-space:nowrap">Taiwan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:595.91px;left:1006.92px;white-space:nowrap">(continued)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:432px;white-space:nowrap">Zhen
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:841.14px;white-space:nowrap">Ding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:1211.77px;letter-spacing:-1.61px;white-space:nowrap">Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:2065.67px;white-space:nowrap">Holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:2652.7px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:2954.15px;letter-spacing:58.51px;white-space:nowrap">...</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:4036.19px;white-space:nowrap">Electronic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:4783.14px;white-space:nowrap">Equipment,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:5636.97px;white-space:nowrap">Instruments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:792.39px;left:6517.28px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:984.39px;left:5716.81px;white-space:nowrap">Components</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:984.39px;left:7485.64px;white-space:nowrap">394,217</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:984.39px;left:9279.22px;white-space:nowrap">$</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:984.39px;left:9368.2px;white-space:nowrap">2,515,316</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1268.16px;left:9279.22px;white-space:nowrap">52,171,948</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1595.6px;left:432px;white-space:nowrap">Thailand
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1595.6px;left:1134.27px;white-space:nowrap">2.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:432px;white-space:nowrap">Kasikornbank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:1445.91px;letter-spacing:-1.98px;white-space:nowrap">PCL</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:1833.2px;letter-spacing:50.87px;white-space:nowrap">...............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:7485.64px;white-space:nowrap">659,865</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1792.09px;left:9368.2px;white-space:nowrap">3,432,364</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1988.57px;left:432px;white-space:nowrap">Kiatnakin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1988.57px;left:1134.66px;white-space:nowrap">Phatra
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1988.57px;left:1650.52px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1988.57px;left:2059.66px;letter-spacing:-1.98px;white-space:nowrap">PCL</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1988.57px;left:2393.68px;letter-spacing:52.14px;white-space:nowrap">.........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1988.57px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1988.57px;left:7485.64px;white-space:nowrap">466,939</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1988.57px;left:9501.64px;white-space:nowrap">857,396</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:432px;white-space:nowrap">Minor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:876.53px;white-space:nowrap">International
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:1801.61px;letter-spacing:-1.98px;white-space:nowrap">PCL</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:2113.44px;letter-spacing:51.35px;white-space:nowrap">............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:4498.53px;white-space:nowrap">Hotels,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:5040.95px;white-space:nowrap">Restaurants
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:5948.06px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:6099.23px;white-space:nowrap">Leisure</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:7352.2px;white-space:nowrap">2,057,149</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2185.06px;left:9368.2px;white-space:nowrap">1,487,987</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:432px;white-space:nowrap">Star
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:769.89px;white-space:nowrap">Petroleum
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:1543.56px;text-rendering:optimizeLegibility;white-space:nowrap">Refining
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:2175.05px;letter-spacing:-1.98px;white-space:nowrap">PCL</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:2487.09px;letter-spacing:52.54px;white-space:nowrap">........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:4516.5px;white-space:nowrap">Oil,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:4800.95px;white-space:nowrap">Gas
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:5138.84px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:5290.02px;white-space:nowrap">Consumable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:6232.75px;white-space:nowrap">Fuels</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:7352.2px;white-space:nowrap">3,027,937</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2381.54px;left:9501.64px;white-space:nowrap">418,447</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:432px;white-space:nowrap">Thai
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:787.7px;white-space:nowrap">Beverage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:1517.08px;letter-spacing:-1.98px;white-space:nowrap">PCL</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:1833.2px;letter-spacing:50.87px;white-space:nowrap">...............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:5859.08px;white-space:nowrap">Beverages</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:7352.2px;white-space:nowrap">1,870,265</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2578.03px;left:9501.64px;white-space:nowrap">670,480</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2861.79px;left:9368.2px;white-space:nowrap">6,866,674</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3189.24px;left:432px;letter-spacing:-0.99px;white-space:nowrap">Turkiye
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3189.24px;left:1033.72px;white-space:nowrap">0.3%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:432px;white-space:nowrap">BIM
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:760.91px;white-space:nowrap">Birlesik
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:1320.98px;white-space:nowrap">Magazalar
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:2103.64px;white-space:nowrap">A/S</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:2393.68px;letter-spacing:52.14px;white-space:nowrap">.........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:3858.38px;white-space:nowrap">Consumer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:4640.88px;white-space:nowrap">Staples
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:5219px;white-space:nowrap">Distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:6063.77px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:6214.94px;white-space:nowrap">Retail</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:7574.63px;white-space:nowrap">58,100</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3385.72px;left:9501.64px;white-space:nowrap">748,357</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3713.17px;left:432px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3713.17px;left:968.25px;white-space:nowrap">Arab
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3713.17px;left:1377.23px;white-space:nowrap">Emirates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3713.17px;left:2097.63px;white-space:nowrap">1.2%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:432px;white-space:nowrap">Emaar
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:947.7px;white-space:nowrap">Development
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:1934.89px;white-space:nowrap">PJSC</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:2393.68px;letter-spacing:52.14px;white-space:nowrap">.........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:3680.17px;white-space:nowrap">Real
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:4053.69px;white-space:nowrap">Estate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:4551.73px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:5530.09px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:5681.27px;white-space:nowrap">Development</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:7497.52px;letter-spacing:-1.7px;white-space:nowrap">365,011</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3909.65px;left:9368.2px;white-space:nowrap">1,463,846</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:432px;white-space:nowrap">Emirates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:1107.7px;white-space:nowrap">Central
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:1667.94px;white-space:nowrap">Cooling
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:2254.97px;white-space:nowrap">Systems
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:2912.86px;white-space:nowrap">Corp.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:5643.14px;letter-spacing:-0.99px;white-space:nowrap">Water
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:6108.38px;white-space:nowrap">Utilities</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:7352.2px;white-space:nowrap">2,564,396</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4106.14px;left:9368.2px;white-space:nowrap">1,158,986</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:432px;white-space:nowrap">Spinneys
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:1134.66px;white-space:nowrap">1961
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:1535.05px;white-space:nowrap">Holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:2122.08px;white-space:nowrap">plc</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:2393.68px;letter-spacing:52.14px;white-space:nowrap">.........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:3858.38px;white-space:nowrap">Consumer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:4640.88px;white-space:nowrap">Staples
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:5219px;white-space:nowrap">Distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:6063.77px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:6214.94px;white-space:nowrap">Retail</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:7352.2px;white-space:nowrap">1,321,905</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4302.62px;left:9501.64px;white-space:nowrap">589,483</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4586.38px;left:9368.2px;white-space:nowrap">3,212,315</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4913.83px;left:432px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4913.83px;left:974.19px;white-space:nowrap">States
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4913.83px;left:1498.88px;white-space:nowrap">2.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5110.32px;left:432px;white-space:nowrap">Cognizant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5110.32px;left:1194.03px;letter-spacing:-1.61px;white-space:nowrap">Technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5110.32px;left:2047.94px;white-space:nowrap">Solutions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5110.32px;left:2750.59px;white-space:nowrap">Corp.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5302.32px;left:576px;letter-spacing:-8.83px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5302.32px;left:712.24px;letter-spacing:50.02px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5302.32px;left:5826.73px;letter-spacing:-0.96px;white-space:nowrap">IT
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5302.32px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5302.32px;left:7574.63px;white-space:nowrap">44,865</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5302.32px;left:9368.2px;white-space:nowrap">3,241,496</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5498.8px;left:432px;white-space:nowrap">Genpact
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5498.8px;left:1081.3px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5498.8px;left:1366.13px;letter-spacing:50.39px;white-space:nowrap">....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5498.8px;left:5085.56px;white-space:nowrap">Professional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5498.8px;left:6010.48px;white-space:nowrap">Services</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5498.8px;left:7574.63px;white-space:nowrap">81,473</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5498.8px;left:9368.2px;white-space:nowrap">3,693,986</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5782.56px;left:9368.2px;white-space:nowrap">6,935,482</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6061.58px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6061.58px;left:950.46px;white-space:nowrap">Common
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6061.58px;left:1872.63px;white-space:nowrap">Stocks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6061.58px;left:2584.05px;white-space:nowrap">(Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6061.58px;left:3150.65px;white-space:nowrap">$149,964,600)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6061.58px;left:4510.09px;letter-spacing:50.84px;white-space:nowrap">.....................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6095.45px;left:9190.23px;white-space:nowrap">239,955,163</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:6537.33px;left:432px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6625.09px;left:432px;white-space:nowrap">Preferred
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6625.09px;left:1376.92px;white-space:nowrap">Stocks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6625.09px;left:2088.35px;white-space:nowrap">5.6%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6899.13px;left:432px;white-space:nowrap">Brazil
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6899.13px;left:912.16px;white-space:nowrap">5.6%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7095.61px;left:432px;white-space:nowrap">Banco
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7095.61px;left:930.13px;white-space:nowrap">Bradesco
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7095.61px;left:1650.52px;white-space:nowrap">SA,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7095.61px;left:1944.03px;white-space:nowrap">ADR</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7095.61px;left:2300.26px;letter-spacing:51.82px;white-space:nowrap">..........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7095.61px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7095.61px;left:7352.2px;white-space:nowrap">1,363,256</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7095.61px;left:9368.2px;white-space:nowrap">4,239,726</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:7295.31px;left:380.12px;white-space:nowrap">g</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:432px;white-space:nowrap">Itau
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:743.33px;white-space:nowrap">Unibanco
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:1463.8px;white-space:nowrap">Holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:2050.83px;white-space:nowrap">SA,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:2344.34px;white-space:nowrap">ADR,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:2771.06px;letter-spacing:-2.37px;white-space:nowrap">3.11%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:6179.31px;white-space:nowrap">Banks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:7485.64px;white-space:nowrap">761,588</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7292.1px;left:9368.2px;white-space:nowrap">5,437,738</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:7491.79px;left:380.12px;white-space:nowrap">g</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7488.58px;left:432px;white-space:nowrap">Petroleo
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7488.58px;left:1072.39px;white-space:nowrap">Brasileiro
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7488.58px;left:1783.72px;letter-spacing:-2.94px;white-space:nowrap">SA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7488.58px;left:2032.78px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7488.58px;left:2130.52px;white-space:nowrap">Petrobras,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:576px;letter-spacing:-1.98px;white-space:nowrap">11.19%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:1179.3px;letter-spacing:50.26px;white-space:nowrap">......................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:4516.5px;white-space:nowrap">Oil,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:4800.95px;white-space:nowrap">Gas
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:5138.84px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:5290.02px;white-space:nowrap">Consumable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:6232.75px;white-space:nowrap">Fuels</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:7485.64px;white-space:nowrap">838,976</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7680.58px;left:9368.2px;white-space:nowrap">4,812,408</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7964.34px;left:9279.22px;white-space:nowrap">14,489,872</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8243.36px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8243.36px;left:950.46px;white-space:nowrap">Preferred
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8243.36px;left:1895.38px;white-space:nowrap">Stocks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8243.36px;left:2606.8px;white-space:nowrap">(Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8243.36px;left:3173.41px;white-space:nowrap">$10,933,942)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8243.36px;left:4405.52px;letter-spacing:50.79px;white-space:nowrap">......................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8277.23px;left:9279.22px;white-space:nowrap">14,489,872</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:8719.11px;left:0px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:8719.11px;left:6612.88px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:8719.11px;left:8052.88px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:8719.11px;left:8484.88px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:8719.11px;left:10068.88px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8806.87px;left:432px;white-space:nowrap">Escrows
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8806.87px;left:1310.22px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8806.87px;left:1721.36px;white-space:nowrap">Litigation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8806.87px;left:2676.73px;letter-spacing:-1px;white-space:nowrap">Trusts
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8806.87px;left:3332.49px;white-space:nowrap">0.0%</div>

<div style="font-family:Arial, sans-serif;font-size:116.6px;font-weight:bold;position:absolute;top:8810.89px;left:3788.35px;white-space:nowrap">&#8224;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:9040.44px;left:302.33px;white-space:nowrap">a,e</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9037.23px;left:432px;white-space:nowrap">Hemisphere
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9037.23px;left:1339.03px;white-space:nowrap">Properties
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9037.23px;left:2112.7px;white-space:nowrap">India
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9037.23px;left:2504.11px;white-space:nowrap">Ltd.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9229.23px;left:576px;white-space:nowrap">Escrow
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9229.23px;left:1136.16px;white-space:nowrap">Account</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9229.23px;left:1739.78px;letter-spacing:50.75px;white-space:nowrap">................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9229.23px;left:7574.63px;white-space:nowrap">38,214</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9229.23px;left:9590.63px;white-space:nowrap">28,725</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9508.24px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9508.24px;left:950.46px;white-space:nowrap">Escrows
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9508.24px;left:1828.68px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9508.24px;left:2239.81px;white-space:nowrap">Litigation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9508.24px;left:3195.18px;letter-spacing:-1.58px;white-space:nowrap">Trusts
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9508.24px;left:3850.95px;white-space:nowrap">(Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9508.24px;left:4417.55px;white-space:nowrap">$&#8211;)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9508.24px;left:4719.22px;letter-spacing:50.94px;white-space:nowrap">...................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9542.11px;left:9590.63px;white-space:nowrap">28,725</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9984.04px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9984.04px;left:950.46px;white-space:nowrap">Long
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9984.04px;left:1494.7px;letter-spacing:-2.97px;white-space:nowrap">Term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9984.04px;left:2024.48px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9984.04px;left:3247.14px;white-space:nowrap">(Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9984.04px;left:3813.74px;white-space:nowrap">$160,898,542)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9984.04px;left:5137.49px;letter-spacing:51.19px;white-space:nowrap">...............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10017.91px;left:9190.23px;white-space:nowrap">254,473,760</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:51.66px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:936px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7913.58px;letter-spacing:10.67px;white-space:nowrap">Schedule
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8772.28px;letter-spacing:8px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9027.03px;letter-spacing:10.91px;white-space:nowrap">Investments</div></div>
</div>

<div style="height:40.61px;left:0px;position:absolute;top:0px;transform:translate(53.999px,77.750px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:691.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">
</div> </div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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<div style="height:30.71px;left:0px;position:absolute;top:0px;transform:translate(54.000px,738.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:459.61px">

<div style="width:9192.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.75px) rotate(0deg) scale(0.05)">

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(8270.481px,65.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">13</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12258px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,2.6px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:271px;left:432px;white-space:nowrap">Short
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:271px;left:1009.73px;letter-spacing:-2.97px;white-space:nowrap">Term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:271px;left:1539.52px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:271px;left:2762.18px;white-space:nowrap">4.2%</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:80px;position:absolute;top:601.08px;left:0px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:80px;position:absolute;top:601.08px;left:432px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:533.35px;left:5992.83px;white-space:nowrap">Industry</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:533.35px;left:7530.33px;white-space:nowrap">Shares</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:533.35px;left:8407.02px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:533.35px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:746.44px;left:0px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:746.44px;left:432px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:746.44px;left:6612.88px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:746.44px;left:8052.88px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:746.44px;left:8484.88px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:746.44px;left:10068.88px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:834.21px;left:432px;white-space:nowrap">Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:834.21px;left:1120.96px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:834.21px;left:1821.26px;white-space:nowrap">Funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:834.21px;left:2476.73px;white-space:nowrap">3.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1108.24px;left:432px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1108.24px;left:974.19px;white-space:nowrap">States
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1108.24px;left:1498.88px;white-space:nowrap">3.7%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1307.94px;left:333.48px;white-space:nowrap">h,i</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1304.72px;left:432px;white-space:nowrap">Institutional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1304.72px;left:1285.83px;white-space:nowrap">Fiduciary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1304.72px;left:1976.45px;letter-spacing:-0.99px;white-space:nowrap">Trust
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1304.72px;left:2379.42px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1304.72px;left:2477.16px;white-space:nowrap">Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1496.72px;left:576px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1496.72px;left:1109.44px;white-space:nowrap">Portfolio,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1496.72px;left:1785.3px;white-space:nowrap">4.25%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1496.72px;left:2300.26px;letter-spacing:51.82px;white-space:nowrap">..........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1496.72px;left:7280.2px;white-space:nowrap">9,670,973</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1496.72px;left:9279.22px;white-space:nowrap">$</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1496.72px;left:9368.2px;white-space:nowrap">9,670,973</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1775.74px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1775.74px;left:950.46px;white-space:nowrap">Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1775.74px;left:1639.42px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1775.74px;left:2339.71px;white-space:nowrap">Funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1775.74px;left:2995.18px;white-space:nowrap">(Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1775.74px;left:3561.79px;white-space:nowrap">$9,670,973)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1775.74px;left:4719.22px;letter-spacing:50.94px;white-space:nowrap">...................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1809.61px;left:9368.2px;white-space:nowrap">9,670,973</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2216.68px;left:411.28px;white-space:nowrap">j</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2208.72px;left:432px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2208.72px;left:1654.66px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2208.72px;left:2154.66px;white-space:nowrap">Cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2208.72px;left:2699.29px;white-space:nowrap">Collateral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2208.72px;left:3666.28px;white-space:nowrap">Received
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2208.72px;left:4600.16px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2208.72px;left:4922.33px;white-space:nowrap">Loaned
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2448.72px;left:432px;white-space:nowrap">Securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2448.72px;left:1443.62px;white-space:nowrap">0.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2722.76px;left:432px;white-space:nowrap">Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2722.76px;left:983.17px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2722.76px;left:1543.41px;white-space:nowrap">Funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2722.76px;left:2067.78px;white-space:nowrap">0.5%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2922.45px;left:333.48px;white-space:nowrap">h,i</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2919.24px;left:432px;white-space:nowrap">Institutional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2919.24px;left:1285.83px;white-space:nowrap">Fiduciary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2919.24px;left:1976.45px;letter-spacing:-0.99px;white-space:nowrap">Trust
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2919.24px;left:2379.42px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2919.24px;left:2477.16px;white-space:nowrap">Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3111.24px;left:576px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3111.24px;left:1109.44px;white-space:nowrap">Portfolio,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3111.24px;left:1785.3px;white-space:nowrap">4.25%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3111.24px;left:2300.26px;letter-spacing:51.82px;white-space:nowrap">..........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3111.24px;left:7280.2px;white-space:nowrap">1,204,122</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3111.24px;left:9368.2px;white-space:nowrap">1,204,122</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:950.46px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:2173.11px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:2673.11px;white-space:nowrap">Cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:3217.74px;white-space:nowrap">Collateral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:4184.73px;white-space:nowrap">Received
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:5118.62px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:5440.79px;white-space:nowrap">Loaned
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:6207.49px;white-space:nowrap">Securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3390.26px;left:7219.11px;white-space:nowrap">(Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3630.26px;left:432px;white-space:nowrap">$1,204,122)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:3630.26px;left:1582.23px;letter-spacing:50.05px;white-space:nowrap">.................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3664.13px;left:9368.2px;white-space:nowrap">1,204,122</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;position:absolute;top:4047.15px;left:0px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:4047.15px;left:432px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;position:absolute;top:4047.15px;left:8058.44px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;position:absolute;top:4047.15px;left:8490.44px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:4047.15px;left:10074.44px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4111.88px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4111.88px;left:950.46px;white-space:nowrap">Short
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4111.88px;left:1528.19px;letter-spacing:-2.97px;white-space:nowrap">Term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4111.88px;left:2057.98px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4111.88px;left:3280.63px;white-space:nowrap">(Cost</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4111.88px;left:3847.23px;white-space:nowrap">$10,875,095</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4111.88px;left:4959.44px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:4111.88px;left:5032.92px;letter-spacing:51.12px;white-space:nowrap">................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4145.75px;left:9279.22px;white-space:nowrap">10,875,095</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;position:absolute;top:4360.03px;left:0px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:4360.03px;left:432px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:4360.03px;left:10074.44px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4424.77px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4424.77px;left:950.46px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4424.77px;left:2173.11px;white-space:nowrap">(Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4424.77px;left:2739.71px;white-space:nowrap">$171,773,637)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4424.77px;left:4085.32px;white-space:nowrap">102.8%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4424.77px;left:4823.79px;letter-spacing:51px;white-space:nowrap">..................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4458.64px;left:9101.25px;white-space:nowrap">$265,348,855</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:4658.33px;left:380.12px;white-space:nowrap">k</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4650.37px;left:432px;white-space:nowrap">Credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4650.37px;left:1065.4px;white-space:nowrap">Facility
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4650.37px;left:1810.13px;white-space:nowrap">(1.9)%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4650.37px;left:2418.76px;letter-spacing:50.19px;white-space:nowrap">.........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4684.24px;left:9261.64px;white-space:nowrap">(5,000,000)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4875.98px;left:432px;white-space:nowrap">Other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4875.98px;left:1013.54px;white-space:nowrap">Assets,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4875.98px;left:1780.63px;white-space:nowrap">less
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4875.98px;left:2225.46px;white-space:nowrap">Liabilities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4875.98px;left:3203.48px;white-space:nowrap">(0.9)%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4875.98px;left:3882.69px;letter-spacing:50.58px;white-space:nowrap">...........................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4909.85px;left:9261.64px;white-space:nowrap">(2,132,159)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5196.15px;left:432px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5196.15px;left:802.41px;white-space:nowrap">Assets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5196.15px;left:1513.93px;white-space:nowrap">100.0%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5196.15px;left:2209.63px;letter-spacing:50.15px;white-space:nowrap">...........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5230.01px;left:9101.25px;white-space:nowrap">$258,216,696</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:5444.3px;left:426.44px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:5444.3px;left:432px;white-space:nowrap">a</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:5444.3px;left:10074.44px;white-space:nowrap">a</div></div>
</div>

<div style="height:188.63px;left:0px;position:absolute;top:0px;transform:translate(54.000px,543.167px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:3675.39px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:170.59px;left:0px;white-space:nowrap">See </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:170.59px;left:269.92px;white-space:nowrap">A</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:170.59px;left:357.42px;white-space:nowrap">bbreviations
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:170.59px;left:1101.41px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:170.59px;left:1283.83px;white-space:nowrap">page</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:170.59px;left:1612.19px;white-space:nowrap">25</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:170.59px;left:1758.13px;white-space:nowrap">.</div></div>
</div>

<div style="height:163.47px;left:0px;position:absolute;top:0px;transform:translate(54.000px,572.646px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:3125.81px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:22.81px;left:0px;white-space:nowrap">&#8224;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:63.81px;white-space:nowrap">Rounds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:552.48px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:698.42px;white-space:nowrap">less
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:968.26px;white-space:nowrap">than
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1260.14px;white-space:nowrap">0.1%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1595.69px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1741.62px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1960.53px;white-space:nowrap">assets.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:219.3px;left:0px;white-space:nowrap">a </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:63.81px;white-space:nowrap">Non-income
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:807.56px;white-space:nowrap">producing.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:415.78px;left:0px;white-space:nowrap">b </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:63.81px;letter-spacing:-1.07px;white-space:nowrap">Variable
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:572.01px;white-space:nowrap">interest
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1038.81px;white-space:nowrap">entity
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1388.97px;white-space:nowrap">(VIE).
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1760.76px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:2030.69px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:2344.28px;white-space:nowrap">6
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:2453.73px;white-space:nowrap">regarding
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:3044.51px;white-space:nowrap">investments
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:3781.15px;white-space:nowrap">made
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:4145.84px;white-space:nowrap">through
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:4627.33px;white-space:nowrap">a
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:4736.78px;white-space:nowrap">VIE
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:4984.75px;letter-spacing:0px;white-space:nowrap">structure.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:5561px;white-space:nowrap">At
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:5714.28px;white-space:nowrap">August
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:6159.28px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:6378.19px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:6743.03px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:6961.94px;white-space:nowrap">aggregate
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:7589.36px;white-space:nowrap">value
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:7939.51px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:8085.45px;white-space:nowrap">these
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:8442.95px;white-space:nowrap">securities
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:9033.65px;white-space:nowrap">was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:9303.42px;white-space:nowrap">$23,923,736,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:0px;white-space:nowrap">representing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:765.86px;white-space:nowrap">9.3%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:1101.41px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:1247.34px;white-space:nowrap">net
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:603.56px;left:1466.25px;white-space:nowrap">assets.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:804.27px;left:0px;white-space:nowrap">c </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:55.34px;letter-spacing:-3.59px;white-space:nowrap">A
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:172.14px;white-space:nowrap">portion
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:609.79px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:762.92px;white-space:nowrap">all
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:930.65px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:1076.59px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:1295.5px;white-space:nowrap">security
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:1784.09px;white-space:nowrap">is
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:2097.76px;white-space:nowrap">loan
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:2382.29px;white-space:nowrap">at
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:2521.04px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:2966.04px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:3184.95px;white-space:nowrap">2025.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:3549.79px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:3819.71px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:800.05px;left:4133.31px;white-space:nowrap">1(c).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1000.75px;left:0px;white-space:nowrap">d </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:63.81px;white-space:nowrap">Security
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:574.28px;white-space:nowrap">was
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:844.05px;white-space:nowrap">purchased
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:1493.26px;white-space:nowrap">pursuant
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:2040.37px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:2186.31px;white-space:nowrap">Rule
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:2492.56px;letter-spacing:-1.44px;white-space:nowrap">144A
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:2828.26px;white-space:nowrap">or
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:2981.39px;white-space:nowrap">Regulation
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:3645.14px;white-space:nowrap">S
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:3769.12px;white-space:nowrap">under
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:4141.15px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:4360.06px;white-space:nowrap">Securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:4965.45px;letter-spacing:0px;white-space:nowrap">Act
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:5191.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:5337.48px;white-space:nowrap">1933.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:5702.33px;letter-spacing:-1.44px;white-space:nowrap">144A
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:6038.03px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:6628.73px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:6913.11px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:7095.53px;white-space:nowrap">sold
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:7372.72px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:7511.31px;white-space:nowrap">transactions
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:8255.3px;white-space:nowrap">exempt
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:8722.09px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:9021px;white-space:nowrap">registration
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:996.53px;left:9706.55px;white-space:nowrap">only
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:0px;white-space:nowrap">to </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:145.94px;text-rendering:optimizeLegibility;white-space:nowrap">qualified
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:671.17px;white-space:nowrap">institutional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:1364.14px;white-space:nowrap">buyers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:1794.45px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:1947.58px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:2086.17px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:2195.63px;white-space:nowrap">public
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:2574.92px;letter-spacing:-0.25px;white-space:nowrap">offering
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:3046.8px;white-space:nowrap">registered
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:3666.72px;white-space:nowrap">under
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:4038.75px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:4257.66px;white-space:nowrap">Securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:4863.05px;white-space:nowrap">Act
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:5089.14px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:5235.08px;white-space:nowrap">1933.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:5599.92px;white-space:nowrap">Regulation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:6263.67px;white-space:nowrap">S
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:6387.66px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:6978.36px;white-space:nowrap">cannot
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:7408.83px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:7591.25px;white-space:nowrap">sold
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:7868.44px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:8007.03px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:8225.94px;white-space:nowrap">United
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:8641.64px;white-space:nowrap">States
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:9050.16px;white-space:nowrap">without
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:9502.34px;white-space:nowrap">either
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1188.53px;left:9867.03px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:0px;letter-spacing:-0.23px;white-space:nowrap">effective
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:522.97px;white-space:nowrap">registration
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:1208.52px;white-space:nowrap">statement
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:1821.25px;text-rendering:optimizeLegibility;white-space:nowrap">filed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:2098.44px;white-space:nowrap">pursuant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:2645.55px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:2791.48px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:3010.39px;white-space:nowrap">Securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:3615.78px;white-space:nowrap">Act
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:3841.88px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:3987.81px;white-space:nowrap">1933,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:4352.66px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:4505.78px;white-space:nowrap">pursuant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:5052.89px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:5198.83px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:5381.25px;white-space:nowrap">exemption
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:6023.13px;white-space:nowrap">from
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:6322.03px;white-space:nowrap">registration.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:7036.88px;white-space:nowrap">At
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:7190.16px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:7635.16px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:7854.06px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:8218.91px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:8437.81px;white-space:nowrap">aggregate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:9065.23px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:9415.39px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1380.53px;left:9561.33px;white-space:nowrap">these
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1572.53px;left:0px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1572.53px;left:590.7px;white-space:nowrap">was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1572.53px;left:860.47px;letter-spacing:-0.74px;white-space:nowrap">$11,198,217,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1572.53px;left:1653.52px;white-space:nowrap">representing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1572.53px;left:2419.38px;white-space:nowrap">4.3%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1572.53px;left:2754.92px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1572.53px;left:2900.86px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1572.53px;left:3119.77px;white-space:nowrap">assets.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1773.24px;left:0px;white-space:nowrap">e </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:63.81px;white-space:nowrap">Fair
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:326.23px;white-space:nowrap">valued
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:749.36px;white-space:nowrap">using
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:1099.51px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:1719.51px;white-space:nowrap">unobservable
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:2543.81px;white-space:nowrap">inputs.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:2966.94px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:3236.86px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:3550.45px;white-space:nowrap">8
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:3659.9px;white-space:nowrap">regarding
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:4250.69px;white-space:nowrap">fair
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:4469.44px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1769.02px;left:4819.59px;letter-spacing:0px;white-space:nowrap">measurements.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1969.72px;left:0px;white-space:nowrap">f </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1965.5px;left:42.54px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1965.5px;left:312.46px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1965.5px;left:626.06px;white-space:nowrap">6
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1965.5px;left:735.51px;white-space:nowrap">regarding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1965.5px;left:1326.29px;white-space:nowrap">investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1965.5px;left:2062.93px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1965.5px;left:2201.52px;white-space:nowrap">Russian
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1965.5px;left:2711.99px;white-space:nowrap">securities.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2166.2px;left:0px;white-space:nowrap">g </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:63.81px;letter-spacing:-1.07px;white-space:nowrap">Variable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:572.01px;white-space:nowrap">rate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:834.59px;letter-spacing:-0.96px;white-space:nowrap">security.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:1347.8px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:1610.37px;white-space:nowrap">rate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:1872.95px;white-space:nowrap">shown
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:2288.65px;white-space:nowrap">represents
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:2945.06px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:3163.97px;white-space:nowrap">yield
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:3470.3px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:3616.23px;white-space:nowrap">period
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2161.98px;left:4017.4px;white-space:nowrap">end.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2362.69px;left:0px;white-space:nowrap">h </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:63.81px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:333.73px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:647.33px;white-space:nowrap">3(c)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:909.75px;white-space:nowrap">regarding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:1500.53px;white-space:nowrap">investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:2237.17px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:2375.76px;text-rendering:optimizeLegibility;white-space:nowrap">affiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:2901px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:3703.34px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2358.47px;left:4374.36px;white-space:nowrap">companies.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2559.17px;left:0px;white-space:nowrap">i </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:36.94px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:299.52px;white-space:nowrap">rate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:562.09px;white-space:nowrap">shown
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:977.8px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:1109.05px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:1327.95px;white-space:nowrap">annualized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:1999.13px;white-space:nowrap">seven-day
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:2641px;letter-spacing:-0.23px;white-space:nowrap">effective
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:3163.97px;white-space:nowrap">yield
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:3470.3px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:3616.24px;white-space:nowrap">period
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2554.95px;left:4017.41px;white-space:nowrap">end.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2755.66px;left:0px;white-space:nowrap">j </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2751.44px;left:38.26px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2751.44px;left:308.18px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2751.44px;left:621.77px;white-space:nowrap">1(c)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2751.44px;left:884.2px;white-space:nowrap">regarding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2751.44px;left:1474.98px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2751.44px;left:2065.68px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2751.44px;left:2248.1px;white-space:nowrap">loan.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2952.14px;left:0px;white-space:nowrap">k </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2947.92px;left:59.53px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2947.92px;left:329.45px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2947.92px;left:643.05px;white-space:nowrap">7
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2947.92px;left:752.5px;white-space:nowrap">regarding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2947.92px;left:1343.28px;white-space:nowrap">credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2947.92px;left:1700.62px;letter-spacing:-1.07px;white-space:nowrap">facility.</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:836.88px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Statement
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1257.34px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1532.07px;white-space:nowrap">Assets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2384.56px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2890.6px;white-space:nowrap">Liabilities</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:0px;white-space:nowrap">August
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:610.4px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:910.63px;white-space:nowrap">2025</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:994.69px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1257.27px;white-space:nowrap">accompanying
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2139.84px;white-space:nowrap">notes
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2497.34px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2723.44px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2905.86px;white-space:nowrap">integral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3372.66px;white-space:nowrap">part
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3635.23px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3781.17px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4138.67px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4656.56px;white-space:nowrap">statements.</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">14</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12258px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:53.02px;left:9282.97px;letter-spacing:-1.19px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:245.02px;left:9342.11px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:437.02px;left:9039.84px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:437.02px;left:9689.06px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:746.96px;left:0px;white-space:nowrap">Assets:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:144px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:1051.03px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:1220.02px;white-space:nowrap">securities:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:288px;white-space:nowrap">Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:661.44px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:759.17px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:1600.11px;white-space:nowrap">issuers</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:9101.25px;white-space:nowrap">$160,898,542</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:288px;white-space:nowrap">Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:661.44px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:759.17px;white-space:nowrap">Non-controlled
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:1844.17px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:2471.59px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:2907.3px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:2996.28px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:3076.28px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:3176.05px;letter-spacing:49.67px;white-space:nowrap">........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:9279.22px;white-space:nowrap">10,875,095</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:288px;letter-spacing:-1.98px;white-space:nowrap">Value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:729.8px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:827.53px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:1668.47px;white-space:nowrap">issuers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:2219.72px;white-space:nowrap">(Includes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:2913.39px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:3633.63px;white-space:nowrap">loaned
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:4158.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:4336.44px;letter-spacing:-1.08px;white-space:nowrap">$1,432,116)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:5231.13px;letter-spacing:50.13px;white-space:nowrap">..................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1638.35px;left:9101.25px;white-space:nowrap">$254,473,760</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:288px;letter-spacing:-1.98px;white-space:nowrap">Value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:729.8px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:827.53px;white-space:nowrap">Non-controlled
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:1912.53px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:2539.95px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:2975.66px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:3064.64px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:3144.64px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:3269.46px;letter-spacing:49.68px;white-space:nowrap">.......................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1840.83px;left:9279.22px;white-space:nowrap">10,875,095</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2043.32px;left:144px;white-space:nowrap">Foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2043.32px;left:730.95px;letter-spacing:-1.19px;white-space:nowrap">currency,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2043.32px;left:1421.5px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2043.32px;left:1599.39px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2043.32px;left:2026.34px;white-space:nowrap">(cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2043.32px;left:2417.52px;white-space:nowrap">$380,470)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2043.32px;left:3176.05px;letter-spacing:49.67px;white-space:nowrap">........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2043.32px;left:9501.64px;white-space:nowrap">380,470</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2245.8px;left:144px;white-space:nowrap">Receivables:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2448.29px;left:288px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2448.29px;left:1115.03px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2448.29px;left:1835.27px;white-space:nowrap">sold</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2448.29px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2448.29px;left:9368.2px;white-space:nowrap">1,046,380</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2650.77px;left:288px;white-space:nowrap">Dividends</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2650.77px;left:1027.54px;letter-spacing:49.46px;white-space:nowrap">...............................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2650.77px;left:9501.64px;white-space:nowrap">587,576</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2882.26px;left:576px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2882.26px;left:958.42px;white-space:nowrap">assets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2882.26px;left:1494.61px;letter-spacing:49.5px;white-space:nowrap">..........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2882.26px;left:9190.23px;white-space:nowrap">267,363,281</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3113.74px;left:0px;white-space:nowrap">Liabilities:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3316.22px;left:144px;white-space:nowrap">Payables:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3518.71px;left:288px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3518.71px;left:1115.03px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3518.71px;left:1835.27px;white-space:nowrap">purchased</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3518.71px;left:2615.57px;letter-spacing:49.6px;white-space:nowrap">..............................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3518.71px;left:9501.64px;white-space:nowrap">380,384</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3721.19px;left:288px;white-space:nowrap">Credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3721.19px;left:759.25px;white-space:nowrap">facility
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3721.19px;left:1248.23px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3721.19px;left:1683.94px;white-space:nowrap">7</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3721.19px;left:1772.92px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3721.19px;left:1868.26px;letter-spacing:49.53px;white-space:nowrap">......................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3721.19px;left:9368.2px;white-space:nowrap">5,000,000</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3923.68px;left:288px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3923.68px;left:1266.36px;white-space:nowrap">fees</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3923.68px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3923.68px;left:9501.64px;white-space:nowrap">227,342</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4126.16px;left:288px;letter-spacing:-0.59px;white-space:nowrap">Trustees&#39;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4126.16px;left:979.48px;white-space:nowrap">fees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4126.16px;left:1326.36px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4126.16px;left:1637.77px;white-space:nowrap">expenses</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4126.16px;left:2335.33px;letter-spacing:49.57px;white-space:nowrap">.................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4126.16px;left:9679.61px;white-space:nowrap">1,963</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4328.65px;left:288px;white-space:nowrap">Accrued
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4328.65px;left:919.41px;white-space:nowrap">interest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4328.65px;left:1488.55px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4328.65px;left:1924.25px;white-space:nowrap">7)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4328.65px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4328.65px;left:9590.63px;white-space:nowrap">35,700</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:144px;white-space:nowrap">Payable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:766.66px;white-space:nowrap">upon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:1167.05px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:1629.47px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:1807.36px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:2527.59px;white-space:nowrap">loaned
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:3052.52px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:3488.22px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:3577.2px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:3657.2px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:3736.52px;letter-spacing:49.76px;white-space:nowrap">..................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4531.13px;left:9368.2px;white-space:nowrap">1,204,122</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4733.62px;left:144px;white-space:nowrap">Deferred
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4733.62px;left:810.95px;white-space:nowrap">taxes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4733.62px;left:1237.83px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4733.62px;left:1460.25px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4733.62px;left:2242.98px;white-space:nowrap">appreciation</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4733.62px;left:3176.05px;letter-spacing:49.67px;white-space:nowrap">........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4733.62px;left:9368.2px;white-space:nowrap">2,207,999</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4936.1px;left:144px;white-space:nowrap">Accrued
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4936.1px;left:775.41px;white-space:nowrap">expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4936.1px;left:1504.78px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4936.1px;left:1816.19px;white-space:nowrap">other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4936.1px;left:2225.33px;white-space:nowrap">liabilities</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4936.1px;left:2895.81px;letter-spacing:49.64px;white-space:nowrap">...........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4936.1px;left:9590.63px;white-space:nowrap">89,075</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5167.58px;left:576px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5167.58px;left:958.42px;white-space:nowrap">liabilities</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5167.58px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5167.58px;left:9368.2px;white-space:nowrap">9,146,585</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5428.07px;left:864px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5428.07px;left:1157.44px;white-space:nowrap">assets,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5428.07px;left:1708.77px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5428.07px;left:1886.66px;white-space:nowrap">value</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5428.07px;left:2335.33px;letter-spacing:49.57px;white-space:nowrap">.................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5428.07px;left:9101.25px;white-space:nowrap">$258,216,696</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.01px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.01px;left:293.44px;white-space:nowrap">assets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.01px;left:800.31px;white-space:nowrap">consist
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5834.01px;left:1342.73px;white-space:nowrap">of:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6065.49px;left:144px;white-space:nowrap">Paid-in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6065.49px;left:686.5px;white-space:nowrap">capital</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6065.49px;left:1214.37px;letter-spacing:49.48px;white-space:nowrap">.............................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6065.49px;left:9101.25px;white-space:nowrap">$169,128,007</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6267.98px;left:144px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6267.98px;left:526.42px;white-space:nowrap">distributable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6267.98px;left:1433.61px;white-space:nowrap">earnings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6267.98px;left:2091.81px;white-space:nowrap">(losses)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6267.98px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6267.98px;left:9279.22px;white-space:nowrap">89,088,689</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6499.46px;left:864px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6499.46px;left:1157.44px;white-space:nowrap">assets,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6499.46px;left:1708.77px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6499.46px;left:1886.66px;white-space:nowrap">value</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6499.46px;left:2335.33px;letter-spacing:49.57px;white-space:nowrap">.................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6499.46px;left:9101.25px;white-space:nowrap">$258,216,696</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6759.95px;left:144px;white-space:nowrap">Shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6759.95px;left:695.41px;white-space:nowrap">outstanding</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6759.95px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6759.95px;left:9279.22px;white-space:nowrap">14,947,897</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7020.43px;left:144px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7020.43px;left:437.44px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7020.43px;left:864.31px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7020.43px;left:1291.27px;white-space:nowrap">per
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7020.43px;left:1566.97px;white-space:nowrap">share</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:7023.64px;left:1967.2px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7020.43px;left:2055.09px;letter-spacing:49.55px;white-space:nowrap">....................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7020.43px;left:9590.63px;white-space:nowrap">$17.27</div></div>
</div>

<div style="height:18.19px;left:0px;position:absolute;top:0px;transform:translate(36.000px,717.932px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:196.48px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.04px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:22.81px;left:0px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:42.54px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:283.17px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:633.32px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:983.48px;white-space:nowrap">per
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1209.57px;white-space:nowrap">share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1574.26px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1858.63px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:2077.54px;white-space:nowrap">recalculate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:2748.56px;white-space:nowrap">due
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:3003.95px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:3149.88px;white-space:nowrap">rounding.</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:26.46px;left:0px;position:absolute;top:0px;transform:translate(54.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:432px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8272.39px;letter-spacing:10.32px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9109.27px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
</div>

<div style="height:41.15px;left:0px;position:absolute;top:0px;transform:translate(54.000px,77.750px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:702px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Statement
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1257.34px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1546.42px;white-space:nowrap">Operations</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:0px;white-space:nowrap">for </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:260.07px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:560.3px;white-space:nowrap">year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:960.47px;white-space:nowrap">ended
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:1501.08px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:2111.48px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:333.68px;left:2411.72px;white-space:nowrap">2025</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:30.71px;left:0px;position:absolute;top:0px;transform:translate(54.000px,739.230px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:459.61px">

<div style="width:9192.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.75px) rotate(0deg) scale(0.05)">

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(8270.481px,65.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">15</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:614.90px;left:0px;position:absolute;top:0px;transform:translate(54.000px,116.899px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12258px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:53.02px;left:9282.97px;letter-spacing:-1.19px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:245.02px;left:9342.11px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:437.02px;left:9039.84px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:437.02px;left:9689.06px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:746.96px;left:0px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:746.96px;left:827.03px;white-space:nowrap">income:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:144px;white-space:nowrap">Dividends:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:935.48px;white-space:nowrap">(net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:1255.64px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:1433.53px;white-space:nowrap">foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:1967.2px;white-space:nowrap">taxes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:2394.08px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:949.44px;left:2571.97px;white-space:nowrap">$760,700)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:288px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:1128.94px;white-space:nowrap">issuers</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:1681.44px;letter-spacing:49.51px;white-space:nowrap">........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1151.92px;left:9279.22px;white-space:nowrap">$6,136,579</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:288px;white-space:nowrap">Non-controlled
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:1373px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:2000.42px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:2436.13px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:2525.11px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:2605.11px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1354.41px;left:9501.64px;white-space:nowrap">419,239</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1556.89px;left:144px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1556.89px;left:713.14px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1556.89px;left:1077.59px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1556.89px;left:1797.83px;white-space:nowrap">loaned:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:288px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:1128.94px;white-space:nowrap">entities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:1680.34px;white-space:nowrap">(net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:2000.5px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:2178.39px;white-space:nowrap">fees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:2525.27px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:2836.67px;white-space:nowrap">rebates)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:3456.29px;letter-spacing:49.71px;white-space:nowrap">.....................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1759.38px;left:9813.05px;white-space:nowrap">931</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1961.86px;left:288px;white-space:nowrap">Non-controlled
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1961.86px;left:1373px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1961.86px;left:2000.42px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1961.86px;left:2436.13px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1961.86px;left:2525.11px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1961.86px;left:2605.11px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1961.86px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1961.86px;left:9679.61px;white-space:nowrap">2,662</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2193.35px;left:432px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2193.35px;left:814.42px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2193.35px;left:1632.55px;white-space:nowrap">income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2193.35px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2193.35px;left:9380.08px;letter-spacing:-1.32px;white-space:nowrap">6,559,411</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2424.83px;left:0px;white-space:nowrap">Expenses:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2627.32px;left:144px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2627.32px;left:1122.36px;white-space:nowrap">fees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2627.32px;left:1469.23px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2627.32px;left:1904.94px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2627.32px;left:1993.92px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2627.32px;left:2082.91px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2627.32px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2627.32px;left:9368.2px;white-space:nowrap">2,490,904</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2829.8px;left:144px;white-space:nowrap">Custodian
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2829.8px;left:908.92px;white-space:nowrap">fees</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2829.8px;left:1214.37px;letter-spacing:49.48px;white-space:nowrap">.............................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2829.8px;left:9590.63px;white-space:nowrap">53,083</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3032.28px;left:144px;white-space:nowrap">Reports
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3032.28px;left:748.69px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3032.28px;left:926.58px;white-space:nowrap">shareholders
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3032.28px;left:1896.03px;white-space:nowrap">fees</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3032.28px;left:2241.91px;letter-spacing:49.56px;white-space:nowrap">..................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3032.28px;left:9590.63px;white-space:nowrap">29,451</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3234.77px;left:144px;white-space:nowrap">Registration
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3234.77px;left:1042.2px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3234.77px;left:1353.61px;text-rendering:optimizeLegibility;white-space:nowrap">filing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3234.77px;left:1727.13px;white-space:nowrap">fees</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3234.77px;left:2055.09px;letter-spacing:49.55px;white-space:nowrap">....................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3234.77px;left:9590.63px;white-space:nowrap">10,085</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3437.25px;left:144px;white-space:nowrap">Professional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3437.25px;left:1068.92px;white-space:nowrap">fees</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3437.25px;left:1401.2px;letter-spacing:49.49px;white-space:nowrap">...........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3437.25px;left:9501.64px;white-space:nowrap">187,716</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3639.74px;left:144px;letter-spacing:-0.59px;white-space:nowrap">Trustees&#39;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3639.74px;left:835.48px;white-space:nowrap">fees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3639.74px;left:1182.36px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3639.74px;left:1493.77px;white-space:nowrap">expenses</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3639.74px;left:2241.91px;letter-spacing:49.56px;white-space:nowrap">..................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3639.74px;left:9590.63px;white-space:nowrap">30,421</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.22px;left:144px;white-space:nowrap">Interest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.22px;left:722.05px;white-space:nowrap">expense
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.22px;left:1371.42px;white-space:nowrap">(Not</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.22px;left:1673.69px;white-space:nowrap">e
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.22px;left:1807.13px;white-space:nowrap">7)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.22px;left:2055.09px;letter-spacing:49.55px;white-space:nowrap">....................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.22px;left:9501.64px;white-space:nowrap">286,700</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4044.71px;left:144px;white-space:nowrap">Other</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4044.71px;left:560.48px;letter-spacing:49.43px;white-space:nowrap">....................................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4044.71px;left:9590.63px;white-space:nowrap">49,180</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4247.19px;left:432px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4247.19px;left:814.42px;white-space:nowrap">expenses</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4247.19px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4247.19px;left:9368.2px;white-space:nowrap">3,137,540</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:432px;white-space:nowrap">Expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:1179.11px;white-space:nowrap">waived/paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:2068.56px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:2282px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:2909.42px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:3345.13px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:3434.11px;white-space:nowrap">c</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:3514.11px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:3643.11px;letter-spacing:49.74px;white-space:nowrap">...................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4449.67px;left:9484.06px;white-space:nowrap">(32,897)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4681.16px;left:576px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4681.16px;left:869.44px;white-space:nowrap">expenses</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4681.16px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4681.16px;left:9368.2px;white-space:nowrap">3,104,643</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4941.64px;left:720px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4941.64px;left:1013.44px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4941.64px;left:1831.56px;white-space:nowrap">income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4941.64px;left:2428.74px;letter-spacing:49.58px;white-space:nowrap">................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4941.64px;left:9368.2px;white-space:nowrap">3,454,768</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5202.13px;left:0px;white-space:nowrap">Realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5202.13px;left:667.03px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5202.13px;left:978.44px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5202.13px;left:1761.17px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5202.13px;left:2188.13px;white-space:nowrap">(losses):</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5462.61px;left:144px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5462.61px;left:437.44px;white-space:nowrap">realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5462.61px;left:1042.2px;white-space:nowrap">gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5462.61px;left:1389.16px;white-space:nowrap">(loss)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5462.61px;left:1824.7px;white-space:nowrap">from:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5694.1px;left:288px;white-space:nowrap">Investments:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5694.1px;left:1239.48px;white-space:nowrap">(net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5694.1px;left:1559.64px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5694.1px;left:1737.53px;white-space:nowrap">foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5694.1px;left:2271.2px;white-space:nowrap">taxes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5694.1px;left:2698.08px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5694.1px;left:2875.97px;white-space:nowrap">$588,081)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5896.58px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5896.58px;left:1272.94px;white-space:nowrap">issuers</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5896.58px;left:1868.26px;letter-spacing:49.53px;white-space:nowrap">......................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5896.58px;left:9368.2px;white-space:nowrap">5,550,017</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6099.07px;left:288px;white-space:nowrap">Foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6099.07px;left:874.95px;white-space:nowrap">currency
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6099.07px;left:1532.92px;white-space:nowrap">transactions</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6099.07px;left:2428.74px;letter-spacing:49.58px;white-space:nowrap">................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6099.07px;left:9679.61px;white-space:nowrap">2,373</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6330.55px;left:576px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6330.55px;left:869.44px;white-space:nowrap">realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6330.55px;left:1474.2px;white-space:nowrap">gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6330.55px;left:1821.16px;white-space:nowrap">(loss)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6330.55px;left:2241.91px;letter-spacing:49.56px;white-space:nowrap">..................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6330.55px;left:9368.2px;white-space:nowrap">5,552,390</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6562.03px;left:144px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6562.03px;left:437.44px;white-space:nowrap">change
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6562.03px;left:1006.81px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6562.03px;left:1175.8px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6562.03px;left:1958.53px;white-space:nowrap">appreciation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6562.03px;left:2874.7px;white-space:nowrap">(depreciation)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6562.03px;left:3897.44px;white-space:nowrap">on:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6764.52px;left:288px;white-space:nowrap">Investments:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6967px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6967px;left:1272.94px;white-space:nowrap">issuers</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6967px;left:1868.26px;letter-spacing:49.53px;white-space:nowrap">......................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6967px;left:9279.22px;white-space:nowrap">41,569,581</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:288px;letter-spacing:-0.49px;white-space:nowrap">Translation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:1118px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:1295.89px;white-space:nowrap">other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:1705.03px;white-space:nowrap">assets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:2211.91px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:2523.31px;white-space:nowrap">liabilities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:3172.45px;white-space:nowrap">denominated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:4142.06px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:4311.05px;white-space:nowrap">foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:4844.72px;white-space:nowrap">currencies</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:5604.79px;letter-spacing:50.29px;white-space:nowrap">..............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7169.49px;left:9484.06px;white-space:nowrap">(16,810)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:288px;white-space:nowrap">Change
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:892.92px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:1061.91px;white-space:nowrap">deferred
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:1702.3px;white-space:nowrap">taxes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:2129.17px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:2351.59px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:3134.33px;white-space:nowrap">appreciation</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:4016.76px;letter-spacing:49.81px;white-space:nowrap">...............................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7371.97px;left:9484.06px;white-space:nowrap">(72,037)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7603.46px;left:576px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7603.46px;left:869.44px;white-space:nowrap">change
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7603.46px;left:1438.81px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7603.46px;left:1607.8px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7603.46px;left:2390.53px;white-space:nowrap">appreciation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7603.46px;left:3306.7px;white-space:nowrap">(depreciation)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7603.46px;left:4297px;letter-spacing:49.87px;white-space:nowrap">............................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7603.46px;left:9279.22px;white-space:nowrap">41,480,734</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7831.94px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7831.94px;left:293.44px;white-space:nowrap">realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7831.94px;left:898.2px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7831.94px;left:1209.61px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7831.94px;left:1992.34px;white-space:nowrap">gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7831.94px;left:2339.3px;white-space:nowrap">(loss)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7831.94px;left:2802.39px;letter-spacing:49.62px;white-space:nowrap">............................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7831.94px;left:9279.22px;white-space:nowrap">47,033,124</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:293.44px;white-space:nowrap">increase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:942.66px;white-space:nowrap">(decrease)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:1751.88px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:1920.86px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:2187.73px;white-space:nowrap">assets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:2694.61px;white-space:nowrap">resulting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:3343.83px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:3708.28px;white-space:nowrap">operations</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:4483.83px;letter-spacing:49.91px;white-space:nowrap">..........................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8092.42px;left:9190.23px;white-space:nowrap">$50,487,892</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:25.92px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:421.09px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10.32px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:836.88px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
</div>

<div style="height:40.26px;left:0px;position:absolute;top:0px;transform:translate(36.000px,76.568px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:684.27px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Statements
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1387.34px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1676.42px;white-space:nowrap">Changes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2789.41px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3064.01px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3526.5px;white-space:nowrap">Assets</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:30.71px;left:0px;position:absolute;top:0px;transform:translate(81.780px,739.229px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:458.22px">

<div style="width:9164.39px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.75px) rotate(0deg) scale(0.05)">

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(911.718px,64.999px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:994.69px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1257.27px;white-space:nowrap">accompanying
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2139.84px;white-space:nowrap">notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2497.34px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2723.44px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2905.86px;white-space:nowrap">integral
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3372.66px;white-space:nowrap">part
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3635.23px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3781.17px;white-space:nowrap">these
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4138.67px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4656.56px;white-space:nowrap">statements.</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">16</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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);background-repeat:no-repeat;background-size:cover;height:615.18px;left:0px;position:absolute;top:0px;transform:translate(36.000px,116.623px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12258px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:148.02px;left:7020.01px;letter-spacing:-1.19px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:148.02px;left:7861.49px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:148.02px;left:8643.84px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:148.02px;left:9293.05px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:408.5px;left:7480.52px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:408.5px;left:7863.09px;white-space:nowrap">Ended</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:600.5px;left:7133.72px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:600.5px;left:7729.19px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:600.5px;left:7996.06px;white-space:nowrap">2025</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:408.5px;left:9208.52px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:408.5px;left:9591.09px;white-space:nowrap">Ended</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:600.5px;left:8861.72px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:600.5px;left:9457.19px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:600.5px;left:9724.06px;white-space:nowrap">2024</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:838.98px;left:0px;white-space:nowrap">Increase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:838.98px;left:658.13px;white-space:nowrap">(decrease)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:838.98px;left:1467.34px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:838.98px;left:1636.33px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:838.98px;left:1903.2px;white-space:nowrap">assets:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1041.47px;left:144px;white-space:nowrap">Operations:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1243.95px;left:288px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1243.95px;left:581.44px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1243.95px;left:1399.56px;white-space:nowrap">income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1243.95px;left:1961.68px;letter-spacing:49.7px;white-space:nowrap">.................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1243.95px;left:7551.22px;white-space:nowrap">$3,454,768</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1243.95px;left:9279.22px;white-space:nowrap">$4,384,244</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1446.44px;left:288px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1446.44px;left:581.44px;white-space:nowrap">realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1446.44px;left:1186.2px;white-space:nowrap">gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1446.44px;left:1533.16px;white-space:nowrap">(loss)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1446.44px;left:1961.68px;letter-spacing:49.7px;white-space:nowrap">.................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1446.44px;left:7640.2px;white-space:nowrap">5,552,390</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1446.44px;left:9279.22px;white-space:nowrap">12,245,086</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:288px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:581.44px;white-space:nowrap">change
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:1150.81px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:1319.8px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:2102.53px;white-space:nowrap">appreciation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:3018.7px;white-space:nowrap">(depreciation)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:4016.76px;letter-spacing:50.3px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:7551.22px;white-space:nowrap">41,480,734</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1648.92px;left:9291.09px;letter-spacing:-1.19px;white-space:nowrap">11,893,724</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:576px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:869.44px;white-space:nowrap">increase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:1518.66px;white-space:nowrap">(decrease)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:2327.88px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:2496.86px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:2763.73px;white-space:nowrap">assets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:3270.61px;white-space:nowrap">resulting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:3919.83px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:4284.28px;white-space:nowrap">operations</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:5044.31px;letter-spacing:51.22px;white-space:nowrap">................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:7551.22px;white-space:nowrap">50,487,892</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1880.41px;left:9279.22px;white-space:nowrap">28,523,054</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2111.89px;left:144px;white-space:nowrap">Distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2111.89px;left:1068.77px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2111.89px;left:1246.66px;white-space:nowrap">shareholders</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2111.89px;left:2241.91px;letter-spacing:49.75px;white-space:nowrap">..............................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2111.89px;left:7444.66px;white-space:nowrap">(14,365,395)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2111.89px;left:9184.53px;letter-spacing:-0.99px;white-space:nowrap">(11,273,471)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:144px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:686.5px;white-space:nowrap">share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:1131.19px;white-space:nowrap">transactions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:2038.3px;white-space:nowrap">(Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:2474px;white-space:nowrap">2</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:2562.98px;white-space:nowrap">)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:2616.27px;letter-spacing:49.82px;white-space:nowrap">..........................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:7533.64px;white-space:nowrap">(4,130,408)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2395.83px;left:9261.64px;white-space:nowrap">(4,521,710)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:576px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:869.44px;white-space:nowrap">increase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:1518.66px;white-space:nowrap">(decrease)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:2327.88px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:2496.86px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:2763.73px;white-space:nowrap">assets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:3269.46px;letter-spacing:49.99px;white-space:nowrap">...................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:7551.22px;white-space:nowrap">31,992,089</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2679.77px;left:9279.22px;white-space:nowrap">12,727,873</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2882.26px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2882.26px;left:293.44px;white-space:nowrap">assets:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3084.74px;left:144px;white-space:nowrap">Beginning
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3084.74px;left:900.17px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3084.74px;left:1078.06px;white-space:nowrap">year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3084.74px;left:1401.2px;letter-spacing:49.62px;white-space:nowrap">.......................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3084.74px;left:7462.23px;white-space:nowrap">226,224,607</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3084.74px;left:9190.23px;white-space:nowrap">213,496,734</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3316.22px;left:144px;white-space:nowrap">End
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3316.22px;left:473.14px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3316.22px;left:651.03px;white-space:nowrap">year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3316.22px;left:1027.54px;letter-spacing:49.57px;white-space:nowrap">...........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3316.22px;left:7373.25px;white-space:nowrap">$258,216,696</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3316.22px;left:9101.25px;white-space:nowrap">$226,224,607</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:25.92px;left:0px;position:absolute;top:0px;transform:translate(54.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:421.09px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">17</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(189.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:55.43px;left:0px;position:absolute;top:0px;transform:translate(53.999px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:0px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:853.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:1181.6px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:2445.12px;white-space:nowrap">Statements</div></div>
</div>

<div style="height:611.16px;left:0px;position:absolute;top:0px;transform:translate(54.000px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">1.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.69px;white-space:nowrap">Organization
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1436.2px;letter-spacing:-3px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1831.33px;text-rendering:optimizeLegibility;letter-spacing:-3.33px;white-space:nowrap">Significant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:2857.74px;letter-spacing:-3.64px;white-space:nowrap">Accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:3969.21px;letter-spacing:-3.5px;white-space:nowrap">Policies</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:0px;letter-spacing:-2px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:880.49px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:1700.86px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:2390.98px;white-space:nowrap">Fund&#160;(Fund)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:3431.43px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:0px;white-space:nowrap">registered&#160;under
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:1360.81px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:1661.04px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:2591.46px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:3401.89px;white-space:nowrap">Act
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:3711.97px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:3912.1px;white-space:nowrap">1940
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844px;left:0px;white-space:nowrap">(1940 </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844px;left:500.45px;white-space:nowrap">Act)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844px;left:870.47px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844px;left:1110.59px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844px;left:1260.7px;white-space:nowrap">closed-end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844px;left:2191.29px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:844px;left:3291.94px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1094px;left:0px;letter-spacing:-1.48px;white-space:nowrap">company.
</div>

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</div>

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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3557.92px;left:5220px;white-space:nowrap">Advisers,
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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11821.92px;left:5220px;white-space:nowrap">recorded
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11821.92px;left:5980.43px;white-space:nowrap">based
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11821.92px;left:7071.33px;white-space:nowrap">tax
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11821.92px;left:7361.46px;white-space:nowrap">regulations
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11821.92px;left:8292.04px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11821.92px;left:8642.37px;white-space:nowrap">rates
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11821.92px;left:9092.55px;white-space:nowrap">that
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11821.92px;left:9442.79px;white-space:nowrap">exist
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<div style="height:54.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:243.00px">

<div style="width:4860px;height:818.41px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">1.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.69px;white-space:nowrap">Organization
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1436.2px;letter-spacing:-3px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1831.33px;text-rendering:optimizeLegibility;letter-spacing:-3.33px;white-space:nowrap">Significant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:2857.74px;letter-spacing:-3.64px;white-space:nowrap">Accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:3969.21px;letter-spacing:-3.5px;white-space:nowrap">Policies</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:250.14px;left:0px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:0px;white-space:nowrap">a.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:211.25px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:1087.58px;white-space:nowrap">Instrument
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:2122.1px;letter-spacing:-0.87px;white-space:nowrap">Valuation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:682.94px;left:3019.5px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7461.73px;letter-spacing:10px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8019.91px;letter-spacing:7.24px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8272.39px;letter-spacing:10.32px;white-space:nowrap">Financial
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9109.27px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
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<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">19</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(189.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
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<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:51.74px;left:0px;position:absolute;top:0px;transform:translate(53.999px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">
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<div style="height:610.68px;left:0px;position:absolute;top:0px;transform:translate(53.999px,121.116px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:988px;left:0px;white-space:nowrap">in </div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10777.44px;left:9934.89px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:0px;white-space:nowrap">open-market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:1060.49px;white-space:nowrap">transactions,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:2131px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:2331.12px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:2631.36px;white-space:nowrap">discretion
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:3451.73px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:3651.86px;white-space:nowrap">management.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:4799.27px;letter-spacing:-0.51px;white-space:nowrap">Transactions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:5873.03px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:6063.13px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:6363.37px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:6948.02px;white-space:nowrap">shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:7538.29px;white-space:nowrap">were
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:7978.45px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11027.44px;left:8218.56px;white-space:nowrap">follows:</div></div>
</div>

<div style="height:54.74px;left:0px;position:absolute;top:0px;transform:translate(53.999px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:243.00px">

<div style="width:4860px;height:818.41px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">1.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.69px;white-space:nowrap">Organization
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1436.2px;letter-spacing:-3px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1831.33px;text-rendering:optimizeLegibility;letter-spacing:-3.33px;white-space:nowrap">Significant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:2857.74px;letter-spacing:-3.64px;white-space:nowrap">Accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:3969.21px;letter-spacing:-3.5px;white-space:nowrap">Policies</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:250.14px;left:0px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:0px;white-space:nowrap">d.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:221.64px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:939.61px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:1330.19px;white-space:nowrap">Deferred
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:2164.4px;letter-spacing:-1.76px;white-space:nowrap">Taxes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:682.94px;left:2741.83px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:558.17px;letter-spacing:7.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:810.66px;letter-spacing:10.32px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1647.53px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">20</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(80.389px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:51.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">
</div> </div>

<div style="background-image:url(data:image/png;base64,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<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2223.42px;left:0px;letter-spacing:-0.89px;white-space:nowrap">3.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2223.42px;left:210.36px;letter-spacing:-4.54px;white-space:nowrap">Transactions
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2223.42px;left:1447.72px;letter-spacing:-3.2px;white-space:nowrap">with
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2223.42px;left:1875.77px;text-rendering:optimizeLegibility;letter-spacing:-2.8px;white-space:nowrap">Affiliates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:0px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:690.21px;white-space:nowrap">Resources,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:1650.59px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:1990.72px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:2170.72px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:2470.96px;white-space:nowrap">holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:3101.48px;white-space:nowrap">company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:3881.87px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:4141.93px;white-space:nowrap">various
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:4772.2px;white-space:nowrap">subsidiaries
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:5772.66px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:6122.9px;white-space:nowrap">together
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:6833.41px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:7143.57px;white-space:nowrap">referred
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:7823.85px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:8023.97px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:8264.09px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2591.15px;left:8951.04px;letter-spacing:-1.81px;white-space:nowrap">Templeton.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:0px;white-space:nowrap">Certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:630.26px;text-rendering:optimizeLegibility;white-space:nowrap">officers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:1255.96px;white-space:nowrap">and&#160;trustees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:2296.58px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:2496.71px;white-space:nowrap">the&#160;Fund&#160;are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:3567.39px;white-space:nowrap">also
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:3947.61px;text-rendering:optimizeLegibility;white-space:nowrap">officers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:4573.3px;white-space:nowrap">and/or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:5133.69px;white-space:nowrap">directors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:5873.91px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:6074.03px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:6374.27px;white-space:nowrap">following
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2841.15px;left:7124.68px;white-space:nowrap">subsidiaries:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4635.62px;left:0px;white-space:nowrap">a.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4635.62px;left:211.25px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4635.62px;left:1425.37px;white-space:nowrap">Fees</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Effective&#160;March
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:1286.54px;white-space:nowrap">1,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:1486.67px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:1987.12px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:2287.35px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:2747.64px;white-space:nowrap">pays
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:3177.86px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:3428.09px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:4348.48px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:5449.13px;white-space:nowrap">fee,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:5799.38px;white-space:nowrap">calculated&#160;daily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:7080.12px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:7430.45px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:7820.77px;letter-spacing:-1.48px;white-space:nowrap">monthly,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:8537.7px;letter-spacing:-2.91px;white-space:nowrap">to&#160;TAML
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:9244.6px;white-space:nowrap">based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4966.09px;left:9785.04px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5216.09px;left:0px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5216.09px;left:300.23px;white-space:nowrap">average&#160;daily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5216.09px;left:1420.93px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5216.09px;left:1721.16px;white-space:nowrap">assets&#160;of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5216.09px;left:2491.52px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5216.09px;left:2791.76px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5216.09px;left:3252.04px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5216.09px;left:3492.16px;white-space:nowrap">follows:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:0px;white-space:nowrap">Prior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:430.05px;white-space:nowrap">to&#160;March
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:1180.28px;white-space:nowrap">1,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:1380.41px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:1880.86px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:2181.09px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:2641.38px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:3031.7px;white-space:nowrap">fees,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:3471.94px;white-space:nowrap">calculated&#160;daily&#160;and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:5103.02px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:5493.34px;letter-spacing:-1.48px;white-space:nowrap">monthly,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:6210.26px;letter-spacing:-2.91px;white-space:nowrap">to&#160;TAML
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:6917.17px;white-space:nowrap">based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:7457.61px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:7707.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:8008.07px;white-space:nowrap">average
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:8708.55px;white-space:nowrap">daily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:9128.76px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6937.03px;left:9428.99px;white-space:nowrap">assets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.03px;left:0px;white-space:nowrap">of </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.03px;left:200.13px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.03px;left:500.36px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.03px;left:960.64px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.03px;left:1200.76px;white-space:nowrap">follows:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:0px;white-space:nowrap">For
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:320.01px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:620.24px;white-space:nowrap">year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:1020.41px;white-space:nowrap">ended
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:1561.03px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:2171.43px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:2471.66px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:2972.11px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:3272.34px;white-space:nowrap">gross
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:3762.51px;text-rendering:optimizeLegibility;white-space:nowrap">effective
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:4478.99px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:5399.38px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:6500.04px;white-space:nowrap">fee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:6800.27px;white-space:nowrap">rate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:7160.45px;white-space:nowrap">was&#160;1.074%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:8191.05px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:8391.18px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8907.96px;left:8691.42px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9157.96px;left:0px;white-space:nowrap">average&#160;daily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9157.96px;left:1120.69px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9157.96px;left:1420.93px;white-space:nowrap">assets.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:0px;white-space:nowrap">Under
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:540.26px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:690.38px;white-space:nowrap">subadvisory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:1700.86px;white-space:nowrap">agreement,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:2661.42px;white-space:nowrap">FTIML,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:3281.4px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:3531.62px;text-rendering:optimizeLegibility;white-space:nowrap">affiliate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:4147.47px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:4344.35px;letter-spacing:-2.23px;white-space:nowrap">TAML,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:4911.06px;white-space:nowrap">provides
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:5641.44px;white-space:nowrap">subadvisory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:6651.91px;white-space:nowrap">services
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:7362.07px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:7562.2px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:7862.43px;white-space:nowrap">Fund.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:8369.47px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:8729.65px;white-space:nowrap">subadvisory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9587.96px;left:9740.13px;white-space:nowrap">fee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:0px;white-space:nowrap">is </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:180px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:570.32px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:807.19px;letter-spacing:-4.01px;white-space:nowrap">TAML
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:1317.22px;white-space:nowrap">based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:1857.66px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:2107.88px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:2408.12px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:2992.76px;white-space:nowrap">average
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:3693.25px;white-space:nowrap">daily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:4113.46px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:4413.69px;white-space:nowrap">assets,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:5033.94px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:5384.27px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:5564.27px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:5864.5px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:6114.73px;white-space:nowrap">additional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:6935.36px;white-space:nowrap">expense
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:7665.91px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:7866.04px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:8166.27px;white-space:nowrap">Fund.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:8673.31px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9837.96px;left:9033.49px;white-space:nowrap">subadvisory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:0px;white-space:nowrap">fee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:300.23px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:480.23px;white-space:nowrap">equal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:970.66px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:1170.79px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:1421.02px;white-space:nowrap">annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:2011.55px;white-space:nowrap">rate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:2371.73px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:2571.86px;white-space:nowrap">50%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:2982.13px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:3182.26px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:3482.49px;white-space:nowrap">net
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:3782.72px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:4703.12px;white-space:nowrap">advisory
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:5423.38px;white-space:nowrap">fee.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:5773.62px;white-space:nowrap">For
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:6093.63px;white-space:nowrap">purposes
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:6884.12px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:7084.25px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:7384.48px;white-space:nowrap">subadvisory
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:8394.96px;white-space:nowrap">agreement,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:9355.52px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10087.96px;left:9655.75px;white-space:nowrap">net
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:0px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:920.39px;white-space:nowrap">advisory
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:1640.65px;white-space:nowrap">fee
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:1940.89px;white-space:nowrap">equals
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:2521.32px;white-space:nowrap">(i)
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:2731.2px;white-space:nowrap">96%
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:3591.83px;white-space:nowrap">amount
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:4242.22px;white-space:nowrap">equal
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:5233.01px;white-space:nowrap">total
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:7114.13px;white-space:nowrap">payable
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10337.96px;left:8558.26px;white-space:nowrap">minus
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:390.23px;white-space:nowrap">and/or
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:950.63px;white-space:nowrap">expenses
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:1771.17px;white-space:nowrap">waived
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:2591.54px;white-space:nowrap">reimbursed
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:3778.77px;letter-spacing:-2.23px;white-space:nowrap">TAML,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:4345.49px;white-space:nowrap">minus
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:4875.64px;white-space:nowrap">(ii)
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:5855.98px;white-space:nowrap">payable
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:6773.38px;letter-spacing:-4.01px;white-space:nowrap">TAML
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:7283.41px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:7483.54px;letter-spacing:-1.08px;white-space:nowrap">FT
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:7750.2px;white-space:nowrap">Services
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:8490.41px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10587.96px;left:8750.48px;white-space:nowrap">administrative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10837.96px;left:0px;white-space:nowrap">services.&#160;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:11341.5px;left:0px;white-space:nowrap">b.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:11341.5px;left:214.58px;white-space:nowrap">Administrative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:11341.5px;left:1587.17px;white-space:nowrap">Fees</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:0px;white-space:nowrap">Under
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:540.26px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:790.49px;white-space:nowrap">agreement
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:1701.04px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:2067.89px;letter-spacing:-2.23px;white-space:nowrap">TAML,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:2634.61px;letter-spacing:-1.08px;white-space:nowrap">FT
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:2901.27px;white-space:nowrap">Services
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:3641.48px;white-space:nowrap">provides
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:4371.86px;white-space:nowrap">administrative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:5532.28px;white-space:nowrap">services
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:6242.43px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:6442.56px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:6742.79px;white-space:nowrap">Fund.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:7249.83px;white-space:nowrap">The
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:7610.01px;white-space:nowrap">fee
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:7910.24px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:8090.24px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:8480.57px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:8717.43px;letter-spacing:-4.01px;white-space:nowrap">TAML
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:9227.46px;white-space:nowrap">based
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11671.96px;left:9767.9px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:0px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:300.23px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:887.26px;white-space:nowrap">average&#160;daily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:2007.95px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:2308.18px;white-space:nowrap">assets,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:2928.43px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:3278.76px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:3458.76px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:3758.99px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:4009.22px;white-space:nowrap">additional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:4829.85px;white-space:nowrap">expense
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:5560.4px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:5760.53px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11921.96px;left:6060.76px;white-space:nowrap">Fund.&#160;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:418.38px;left:6404.26px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:418.38px;left:6786.84px;white-space:nowrap">Ended</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:610.38px;left:6230.86px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:610.38px;left:6826.33px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:610.38px;left:7093.2px;white-space:nowrap">2025</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:418.38px;left:8564.26px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:418.38px;left:8946.84px;white-space:nowrap">Ended</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:610.38px;left:8390.86px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:610.38px;left:8986.33px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:610.38px;left:9253.2px;white-space:nowrap">2024</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:870.86px;left:6033.16px;white-space:nowrap">Shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:870.86px;left:7077.85px;white-space:nowrap">Amount</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:870.86px;left:8193.16px;white-space:nowrap">Shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:870.86px;left:9237.85px;white-space:nowrap">Amount</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.8px;left:0px;white-space:nowrap">Shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.8px;left:551.41px;white-space:nowrap">repurchased</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.8px;left:1494.61px;letter-spacing:49.25px;white-space:nowrap">.............................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.8px;left:6261.64px;white-space:nowrap">327,224</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.8px;left:7119.22px;white-space:nowrap">$4,130,408</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.8px;left:8421.64px;white-space:nowrap">387,907</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.8px;left:9279.22px;white-space:nowrap">$4,521,710</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:0px;letter-spacing:-0.32px;white-space:nowrap">Weighted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:717.5px;white-space:nowrap">average
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:1340.16px;white-space:nowrap">discount
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:1980.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:2158.44px;white-space:nowrap">cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:2496.33px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:2674.22px;white-space:nowrap">repurchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:3519.14px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:3697.03px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:3963.91px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:4390.78px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:4817.73px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1473.29px;left:4995.63px;white-space:nowrap">shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1665.29px;left:144px;white-space:nowrap">repurchased</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1665.29px;left:1120.96px;letter-spacing:49.22px;white-space:nowrap">.................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1665.29px;left:7377.34px;white-space:nowrap">14.68%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1665.29px;left:9537.34px;white-space:nowrap">14.47%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3314.57px;left:0px;white-space:nowrap">Subsidiary</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3314.57px;left:5040px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliation</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3591.05px;left:0px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3591.05px;left:773.83px;white-space:nowrap">Asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3591.05px;left:1218.44px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3591.05px;left:2196.8px;white-space:nowrap">Ltd.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3591.05px;left:2508.13px;letter-spacing:-1.98px;white-space:nowrap">(TAML)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3591.05px;left:5040px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3591.05px;left:5867.03px;white-space:nowrap">manager</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3867.54px;left:0px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3867.54px;left:610.63px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3867.54px;left:1393.28px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3867.54px;left:2220.31px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3867.54px;left:3198.67px;white-space:nowrap">Ltd.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3867.54px;left:3510px;white-space:nowrap">(FTIML)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3867.54px;left:5040px;white-space:nowrap">Subadvisor</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4144.02px;left:0px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4144.02px;left:610.63px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4144.02px;left:1393.28px;white-space:nowrap">Services,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4144.02px;left:2095.7px;white-space:nowrap">LLC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4144.02px;left:2433.67px;letter-spacing:-0.72px;white-space:nowrap">(FT
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4144.02px;left:2723.98px;white-space:nowrap">Services)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4144.02px;left:5040px;white-space:nowrap">Administrative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4144.02px;left:6089.22px;white-space:nowrap">manager</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5689.51px;left:0px;white-space:nowrap">Annualized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5689.51px;left:897.81px;white-space:nowrap">Fee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5689.51px;left:1217.97px;white-space:nowrap">Rate</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5689.51px;left:5040px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5689.51px;left:5336.33px;white-space:nowrap">Assets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5965.99px;left:0px;white-space:nowrap">1.050%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5965.99px;left:5040px;white-space:nowrap">Up
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5965.99px;left:5288.98px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5965.99px;left:5466.88px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5965.99px;left:5778.28px;white-space:nowrap">including
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5965.99px;left:6454.3px;white-space:nowrap">$1
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5965.99px;left:6676.72px;white-space:nowrap">billion</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:0px;white-space:nowrap">1.000%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:5040px;white-space:nowrap">Over
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:5431.17px;white-space:nowrap">$1
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:5653.59px;white-space:nowrap">billion,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:6151.64px;white-space:nowrap">up
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:6374.06px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:6551.95px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:6863.36px;white-space:nowrap">including
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:7539.38px;white-space:nowrap">$2
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6242.48px;left:7761.8px;white-space:nowrap">billion</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6518.96px;left:0px;white-space:nowrap">0.950%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6518.96px;left:5040px;white-space:nowrap">In
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6518.96px;left:5217.89px;white-space:nowrap">excess
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6518.96px;left:5760.31px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6518.96px;left:5938.2px;white-space:nowrap">$2
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6518.96px;left:6160.63px;white-space:nowrap">billion</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7660.44px;left:0px;white-space:nowrap">Annualized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7660.44px;left:897.81px;white-space:nowrap">Fee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7660.44px;left:1217.97px;white-space:nowrap">Rate</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7660.44px;left:5040px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7660.44px;left:5336.33px;white-space:nowrap">Assets</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7936.93px;left:0px;white-space:nowrap">1.100%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7936.93px;left:5040px;white-space:nowrap">Up
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7936.93px;left:5288.98px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7936.93px;left:5466.88px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7936.93px;left:5778.28px;white-space:nowrap">including
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7936.93px;left:6454.3px;white-space:nowrap">$1
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7936.93px;left:6676.72px;white-space:nowrap">billion</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:0px;white-space:nowrap">1.050%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:5040px;white-space:nowrap">Over
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:5431.17px;white-space:nowrap">$1
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:5653.59px;white-space:nowrap">billion,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:6151.64px;white-space:nowrap">up
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:6374.06px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:6551.95px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:6863.36px;white-space:nowrap">including
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:7539.38px;white-space:nowrap">$2
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8213.41px;left:7761.8px;white-space:nowrap">billion</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8489.9px;left:0px;white-space:nowrap">1.000%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8489.9px;left:5040px;white-space:nowrap">In
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8489.9px;left:5217.89px;white-space:nowrap">excess
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8489.9px;left:5760.31px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8489.9px;left:5938.2px;white-space:nowrap">$2
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8489.9px;left:6160.63px;white-space:nowrap">billion</div></div>
</div>

<div style="height:22.54px;left:0px;position:absolute;top:0px;transform:translate(36.000px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:145.61px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">2.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.43px;white-space:nowrap">Shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:905.02px;letter-spacing:-2.67px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1137.36px;text-rendering:optimizeLegibility;letter-spacing:-3.27px;white-space:nowrap">Beneficial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:2097.75px;letter-spacing:-4px;white-space:nowrap">Interest</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2829.46px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7461.73px;letter-spacing:10px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8019.91px;letter-spacing:7.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8272.39px;letter-spacing:10.32px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9109.27px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">21</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(189.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:511.15px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:0px;white-space:nowrap">c.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:211.25px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:1372.77px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:1587.35px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:2447.83px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:3661.95px;white-space:nowrap">Investment
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:4717.81px;white-space:nowrap">Companies</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:0px;white-space:nowrap">The </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:360.18px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:820.46px;white-space:nowrap">invests
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:1430.68px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:1620.79px;white-space:nowrap">one
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:1971.12px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:2181.18px;white-space:nowrap">more
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:2641.29px;text-rendering:optimizeLegibility;white-space:nowrap">affiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:3357.25px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:4457.9px;white-space:nowrap">investment
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:5378.29px;white-space:nowrap">companies.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:748px;left:6338.85px;white-space:nowrap">As
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:3601.93px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:3902.17px;white-space:nowrap">years
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:4392.33px;white-space:nowrap">ended
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:4932.95px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:5543.35px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:5843.58px;white-space:nowrap">2025
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:6294.02px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:6644.36px;white-space:nowrap">2024,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:7144.8px;white-space:nowrap">was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:7514.91px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7187.72px;left:7755.03px;white-space:nowrap">follows:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:0px;white-space:nowrap">At </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:210.15px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:820.55px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:1120.78px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:1621.23px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:1921.46px;white-space:nowrap">cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:2301.59px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:2501.72px;white-space:nowrap">investments,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:3562.12px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:3862.35px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:4742.93px;white-space:nowrap">appreciation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:5773.62px;white-space:nowrap">(depreciation)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:6874.19px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:6974.21px;white-space:nowrap">undistributed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:8054.91px;white-space:nowrap">ordinary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:8755.22px;white-space:nowrap">income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9159.6px;left:9385.49px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:0px;white-space:nowrap">undistributed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:1080.7px;white-space:nowrap">long
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:1471.03px;white-space:nowrap">term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:1881.04px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:2451.36px;white-space:nowrap">gains</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:2931.68px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:3191.75px;white-space:nowrap">income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:3822.01px;white-space:nowrap">tax
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:4112.14px;white-space:nowrap">purposes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:4902.63px;white-space:nowrap">were
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:5342.78px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9409.6px;left:5582.9px;white-space:nowrap">follows:</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:1652.13px;white-space:nowrap">&#160;&#160;&#160;&#160;aa</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2903px;left:2455.98px;letter-spacing:-1.2px;white-space:nowrap">Value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2903px;left:2835.36px;white-space:nowrap">at</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:2310.59px;white-space:nowrap">Beginning</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:2516.69px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:2674.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:3382.33px;white-space:nowrap">Purchases</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:4840.11px;white-space:nowrap">Sales</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:5330.45px;white-space:nowrap">Realized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:5899.28px;white-space:nowrap">Gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:5797.41px;white-space:nowrap">(Loss)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2711px;left:6388.97px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2711px;left:6636.78px;white-space:nowrap">Change
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2711px;left:7154.36px;white-space:nowrap">in</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2903px;left:6607.48px;white-space:nowrap">Unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:6469.13px;white-space:nowrap">Appreciation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:6388.97px;white-space:nowrap">(Depreciation)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2903px;left:8008.11px;letter-spacing:-1.44px;white-space:nowrap">Value</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:7950.06px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:8103.19px;white-space:nowrap">End</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:7915.69px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:8073.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2711px;left:8631.06px;white-space:nowrap">Number
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2711px;left:9163.17px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2903px;left:8528.64px;white-space:nowrap">Shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2903px;left:9002.7px;white-space:nowrap">Held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:8886.06px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:9039.19px;white-space:nowrap">End</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:8851.69px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:9009.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3095px;left:9530.34px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3287px;left:9763.63px;white-space:nowrap">Income</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:3535.55px;left:0px;white-space:nowrap">a&#160;&#160;&#160;&#160;&#160;&#160;</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:3535.55px;left:2947.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:3535.55px;left:4041.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160;
</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:3535.55px;left:6186.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160;
</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:3535.55px;left:7266.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160;
</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:3535.55px;left:8346.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:3535.55px;left:9282.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div>

<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:3535.55px;left:10218.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3634.76px;left:0px;letter-spacing:-0.96px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3634.76px;left:690.23px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3634.76px;left:1331.8px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3634.76px;left:1864.14px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3895.25px;left:0px;white-space:nowrap">Non-Controlled
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3895.25px;left:986.33px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4123.73px;left:9646.91px;white-space:nowrap">Dividends</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4384.22px;left:0px;white-space:nowrap">Institutional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4384.22px;left:700.31px;white-space:nowrap">Fiduciary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4384.22px;left:1266.8px;letter-spacing:-0.79px;white-space:nowrap">Trust
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4384.22px;left:1597.42px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:0px;white-space:nowrap">Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:430.31px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:867.81px;white-space:nowrap">Portfolio,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:1422.11px;white-space:nowrap">4.25%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:1794.33px;letter-spacing:64.22px;white-space:nowrap">.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:2222.31px;white-space:nowrap">$13,057,834</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:3316.31px;white-space:nowrap">$34,440,861</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:4365.97px;white-space:nowrap">$(37,827,722)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:5986.86px;white-space:nowrap">$&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:7066.86px;white-space:nowrap">$&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:7694.28px;white-space:nowrap">$9,670,973</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:8656.25px;letter-spacing:0px;white-space:nowrap">9,670,973</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4576.22px;left:9675.73px;white-space:nowrap">$419,239</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4923.98px;left:0px;white-space:nowrap">Non-Controlled
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4923.98px;left:986.33px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5152.47px;left:9493.78px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5152.47px;left:9960.58px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5344.47px;left:9668.78px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5536.47px;left:9829.02px;white-space:nowrap">loaned</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5796.95px;left:0px;white-space:nowrap">Institutional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5796.95px;left:700.31px;white-space:nowrap">Fiduciary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5796.95px;left:1266.8px;letter-spacing:-0.79px;white-space:nowrap">Trust
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5796.95px;left:1597.42px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:0px;white-space:nowrap">Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:430.31px;white-space:nowrap">Market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:867.81px;white-space:nowrap">Portfolio,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:1422.11px;white-space:nowrap">4.25%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:1794.33px;letter-spacing:64.22px;white-space:nowrap">.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:2747.86px;white-space:nowrap">$&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:3389.28px;white-space:nowrap">$3,092,513</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:4438.94px;white-space:nowrap">$(1,888,391)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:5986.86px;white-space:nowrap">$&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:7066.86px;white-space:nowrap">$&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:7694.28px;white-space:nowrap">$1,204,122</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:8656.25px;letter-spacing:0px;white-space:nowrap">1,204,122</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5988.95px;left:9821.67px;white-space:nowrap">$2,662</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6249.43px;left:0px;letter-spacing:-1.6px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6249.43px;left:335.55px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6249.43px;left:933.28px;white-space:nowrap">Securities</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6249.43px;left:1623.44px;letter-spacing:54.05px;white-space:nowrap">...</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6249.43px;left:2222.31px;white-space:nowrap">$13,057,834</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6249.43px;left:3316.31px;white-space:nowrap">$37,533,374</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6249.43px;left:4375.58px;letter-spacing:-0.74px;white-space:nowrap">$(39,716,113)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6249.43px;left:5986.86px;white-space:nowrap">$&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6249.43px;left:7066.86px;white-space:nowrap">$&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6249.43px;left:7621.31px;white-space:nowrap">$10,875,095</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6249.43px;left:9675.73px;white-space:nowrap">$421,901</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7653.14px;left:7526.03px;white-space:nowrap">2025</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7653.14px;left:9110.03px;white-space:nowrap">2024</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7963.08px;left:0px;white-space:nowrap">Distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7963.08px;left:924.77px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7963.08px;left:1271.72px;white-space:nowrap">from:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8223.57px;left:144px;white-space:nowrap">Ordinary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8223.57px;left:801.97px;white-space:nowrap">income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8223.57px;left:1401.2px;letter-spacing:49.72px;white-space:nowrap">..........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8223.57px;left:7695.22px;white-space:nowrap">$9,467,208</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8223.57px;left:9202.11px;letter-spacing:-1.08px;white-space:nowrap">$11,273,471</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8484.05px;left:144px;white-space:nowrap">Long
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8484.05px;left:544.39px;white-space:nowrap">term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8484.05px;left:908.84px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8484.05px;left:1415.8px;white-space:nowrap">gain</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8484.05px;left:1774.85px;letter-spacing:49.77px;white-space:nowrap">......................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8484.05px;left:7784.2px;white-space:nowrap">4,898,187</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8484.05px;left:9920px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8744.53px;left:7606.23px;white-space:nowrap">$14,365,395</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8744.53px;left:9202.11px;letter-spacing:-1.08px;white-space:nowrap">$11,273,471</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9843.02px;left:0px;white-space:nowrap">Cost
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9843.02px;left:373.44px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9843.02px;left:551.33px;white-space:nowrap">investments</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9843.02px;left:1494.61px;letter-spacing:49.5px;white-space:nowrap">..........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9843.02px;left:9101.25px;white-space:nowrap">$186,228,422</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10248.96px;left:0px;white-space:nowrap">Unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10248.96px;left:809.3px;white-space:nowrap">appreciation</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10248.96px;left:1681.44px;letter-spacing:49.51px;white-space:nowrap">........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10248.96px;left:9101.25px;white-space:nowrap">$108,446,332</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10509.44px;left:0px;white-space:nowrap">Unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10509.44px;left:809.3px;white-space:nowrap">depreciation</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10509.44px;left:1681.44px;letter-spacing:49.51px;white-space:nowrap">........................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10509.44px;left:9172.66px;white-space:nowrap">(29,325,899)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10769.93px;left:0px;white-space:nowrap">Net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10769.93px;left:293.44px;white-space:nowrap">unrealized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10769.93px;left:1076.17px;white-space:nowrap">appreciation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10769.93px;left:1992.34px;white-space:nowrap">(depreciation)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10769.93px;left:2989.22px;letter-spacing:49.65px;white-space:nowrap">..........................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10769.93px;left:9190.23px;white-space:nowrap">$79,120,433</div></div>
</div>

<div style="height:26.28px;left:0px;position:absolute;top:0px;transform:translate(53.999px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:145.61px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">3.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-4.54px;white-space:nowrap">Transactions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1447.72px;letter-spacing:-3.2px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1875.77px;text-rendering:optimizeLegibility;letter-spacing:-3.2px;white-space:nowrap">Affiliates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2724.28px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:558.17px;letter-spacing:7.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:810.66px;letter-spacing:10.32px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1647.53px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">22</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(80.389px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:51.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">
</div> </div>

<div 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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Differences
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:956.51px;white-space:nowrap">between
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:1687.06px;white-space:nowrap">income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:2317.32px;white-space:nowrap">and/or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:2877.71px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:3448.04px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:3928.36px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:4168.48px;white-space:nowrap">determined
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:5119.01px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:5369.24px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:5519.36px;white-space:nowrap">book
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:5959.69px;white-space:nowrap">basis
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:6429.9px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:6780.23px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:6930.35px;white-space:nowrap">tax
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:7220.48px;white-space:nowrap">basis
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:7690.69px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:8000.86px;white-space:nowrap">primarily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:8730.88px;white-space:nowrap">due
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:9081.21px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1763.46px;left:9281.34px;text-rendering:optimizeLegibility;white-space:nowrap">differing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:0px;white-space:nowrap">treatments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:900.35px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:1100.48px;white-space:nowrap">wash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:1570.69px;white-space:nowrap">sales,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:2090.92px;white-space:nowrap">passive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:2751.24px;white-space:nowrap">foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:3351.62px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:4272.01px;white-space:nowrap">company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:5052.39px;white-space:nowrap">shares,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:5692.68px;white-space:nowrap">foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:6293.06px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:6863.38px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:7343.7px;white-space:nowrap">tax
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:7633.83px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2013.46px;left:7984.16px;white-space:nowrap">corporate
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2964.26px;left:0px;white-space:nowrap">Purchases
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2964.26px;left:1921.11px;white-space:nowrap">investments&#160;(excluding
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2964.26px;left:3801.97px;white-space:nowrap">short
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2964.26px;left:6492.83px;white-space:nowrap">ended
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2964.26px;left:7033.45px;white-space:nowrap">August
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2964.26px;left:7643.85px;white-space:nowrap">31,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2964.26px;left:7944.08px;white-space:nowrap">2025,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2964.26px;left:8444.53px;white-space:nowrap">aggregated
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3214.26px;left:0px;white-space:nowrap">$38,095,801&#160;and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3214.26px;left:1401.33px;white-space:nowrap">$51,108,228,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3214.26px;left:2502.33px;letter-spacing:-0.95px;white-space:nowrap">respectively.&#160;</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3644.26px;left:1120.78px;white-space:nowrap">2025,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3894.26px;left:0px;white-space:nowrap">$1,204,122
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:2901.36px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:3201.59px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:3681.91px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:4032.25px;white-space:nowrap">liquidity
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:4682.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:4882.68px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:5472.95px;white-space:nowrap">Russian
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:6173.26px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:6983.53px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:7333.86px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:8144.12px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:8344.25px;white-space:nowrap">issuers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:8964.4px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11705.06px;left:9154.51px;white-space:nowrap">other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:0px;white-space:nowrap">countries
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:780.38px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:1130.63px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:1440.79px;white-space:nowrap">subject
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:2061.12px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:2261.25px;white-space:nowrap">economic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:3081.62px;white-space:nowrap">sanctions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:3892.06px;white-space:nowrap">related
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:4492.44px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:4692.57px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:4992.8px;white-space:nowrap">invasion.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:5749.98px;letter-spacing:-6.65px;white-space:nowrap">To
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:5990.1px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:6290.33px;white-space:nowrap">extent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:6830.68px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:7180.93px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:7481.16px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:7941.45px;white-space:nowrap">has
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:8281.67px;white-space:nowrap">exposure
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:9072.16px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11955.06px;left:9272.29px;white-space:nowrap">Russian
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:418.38px;left:0px;white-space:nowrap">Distributable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:418.38px;left:933.75px;white-space:nowrap">earnings:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:678.86px;left:0px;white-space:nowrap">Undistributed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:678.86px;left:987.19px;white-space:nowrap">ordinary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:678.86px;left:1609.69px;white-space:nowrap">income</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:678.86px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:678.86px;left:9279.22px;white-space:nowrap">$9,801,924</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:939.34px;left:0px;white-space:nowrap">Undistributed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:939.34px;left:987.19px;white-space:nowrap">long
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:939.34px;left:1334.14px;white-space:nowrap">term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:939.34px;left:1698.59px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:939.34px;left:2205.55px;white-space:nowrap">gains</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:939.34px;left:2615.57px;letter-spacing:49.6px;white-space:nowrap">..............................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:939.34px;left:9380.08px;letter-spacing:-1.32px;white-space:nowrap">2,827,711</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1199.83px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1199.83px;left:382.42px;white-space:nowrap">distributable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1199.83px;left:1289.61px;white-space:nowrap">earnings</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1199.83px;left:1961.68px;letter-spacing:49.54px;white-space:nowrap">.....................................................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1199.83px;left:9190.23px;white-space:nowrap">$12,629,635</div></div>
</div>

<div style="height:22.54px;left:0px;position:absolute;top:0px;transform:translate(36.000px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:145.61px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">4.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.43px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:938.13px;letter-spacing:-6.97px;white-space:nowrap">Taxes</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10.14px;left:1511.62px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7461.73px;letter-spacing:10px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8019.91px;letter-spacing:7.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8272.39px;letter-spacing:10.32px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9109.27px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">23</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(189.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:51.74px;left:0px;position:absolute;top:0px;transform:translate(53.999px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">
</div> </div>

<div 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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:0px;white-space:nowrap">investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:1010.39px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:1220.45px;white-space:nowrap">investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:2230.84px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:2420.95px;white-space:nowrap">countries
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:3201.33px;text-rendering:optimizeLegibility;white-space:nowrap">affected
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:3887.93px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:4128.05px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:4428.28px;white-space:nowrap">invasion,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:5188.71px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:5488.95px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:6075.97px;white-space:nowrap">ability
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:6586.17px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:6786.3px;white-space:nowrap">price,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:7276.46px;letter-spacing:-2.67px;white-space:nowrap">buy,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:7653.34px;white-space:nowrap">sell,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:8023.45px;white-space:nowrap">receive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:8653.71px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:8863.77px;white-space:nowrap">deliver
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:9444.02px;white-space:nowrap">such
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:0px;white-space:nowrap">investments&#160;was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:1380.5px;white-space:nowrap">impaired.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:2167.56px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:2527.73px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:2988.02px;white-space:nowrap">could
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:3468.34px;white-space:nowrap">determine
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:4318.77px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:4518.9px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:4859.12px;white-space:nowrap">time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:5249.18px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:5599.42px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:594px;left:6189.7px;white-space:nowrap">of
</div>

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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4544.8px;left:8434.34px;white-space:nowrap">2026.</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6904.8px;left:5874.26px;white-space:nowrap">5.65%,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7487.87px;left:0px;letter-spacing:-2px;white-space:nowrap">8.&#160;Fair
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7487.87px;left:612.73px;letter-spacing:-5.17px;white-space:nowrap">Value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7487.87px;left:1166.85px;letter-spacing:-3.67px;white-space:nowrap">Measurements</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:0px;white-space:nowrap">The </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:360.18px;white-space:nowrap">Fund
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:820.46px;white-space:nowrap">follows
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:1420.66px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:1570.78px;white-space:nowrap">fair
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:1870.84px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:2351.16px;white-space:nowrap">hierarchy
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:3141.47px;white-space:nowrap">that
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:3491.72px;white-space:nowrap">distinguishes
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:4582.35px;white-space:nowrap">between
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:5312.9px;white-space:nowrap">market
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:5913.02px;white-space:nowrap">data
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:6313.36px;white-space:nowrap">obtained
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:7054.01px;white-space:nowrap">from
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:7464.02px;white-space:nowrap">independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7855.6px;left:8505px;white-space:nowrap">sources
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:0px;white-space:nowrap">(observable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:990.53px;white-space:nowrap">inputs)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:1580.8px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:1931.13px;white-space:nowrap">the&#160;Fund&#39;s
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:2816.02px;white-space:nowrap">own
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:3196.23px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:3796.35px;white-space:nowrap">assumptions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:4856.84px;white-space:nowrap">(unobservable
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:6047.58px;white-space:nowrap">inputs).
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:6684.61px;white-space:nowrap">These
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:7234.89px;white-space:nowrap">inputs
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:7765.22px;white-space:nowrap">are
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:8075.39px;white-space:nowrap">used
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:8515.72px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:8705.83px;white-space:nowrap">determining
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8105.6px;left:9696.36px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:0px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:480.32px;white-space:nowrap">of
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:2275.75px;white-space:nowrap">instruments
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:3256.08px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:3606.42px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:3916.58px;white-space:nowrap">summarized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:4946.84px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:5136.94px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:5437.18px;white-space:nowrap">following
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:6187.59px;white-space:nowrap">fair
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:6487.65px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8355.6px;left:6967.97px;white-space:nowrap">hierarchy:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:604.8px;white-space:nowrap">Level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:1085.12px;white-space:nowrap">1
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:1235.24px;white-space:nowrap">&#8211;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:1385.36px;white-space:nowrap">quoted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:1985.91px;white-space:nowrap">prices
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:2516.07px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:2706.18px;white-space:nowrap">active
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:3226.4px;white-space:nowrap">markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:3916.52px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:4176.59px;white-space:nowrap">identical
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:4887.01px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8785.6px;left:5597.43px;white-space:nowrap">instruments</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:604.8px;white-space:nowrap">Level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:1085.12px;white-space:nowrap">2
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:1235.24px;white-space:nowrap">&#8211;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:1385.36px;white-space:nowrap">other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:1845.64px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:2696.07px;white-space:nowrap">observable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:3626.66px;white-space:nowrap">inputs
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:4156.99px;white-space:nowrap">(including
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:4977.45px;white-space:nowrap">quoted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:5578px;white-space:nowrap">prices
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:6108.16px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:6368.23px;white-space:nowrap">similar
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:6938.2px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:7648.62px;white-space:nowrap">instruments,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:8678.96px;white-space:nowrap">interest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9215.6px;left:9319.24px;white-space:nowrap">rates,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9465.6px;left:604.8px;white-space:nowrap">prepayment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9465.6px;left:1605.35px;white-space:nowrap">speed,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9465.6px;left:2195.8px;white-space:nowrap">credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9465.6px;left:2685.96px;white-space:nowrap">risk,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9465.6px;left:3065.91px;white-space:nowrap">etc.)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:604.8px;white-space:nowrap">Level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:1085.12px;white-space:nowrap">3
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:1235.24px;white-space:nowrap">&#8211;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:1385.36px;text-rendering:optimizeLegibility;white-space:nowrap">significant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:2235.79px;white-space:nowrap">unobservable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:3366.59px;white-space:nowrap">inputs
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:3896.92px;white-space:nowrap">(including
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:4717.38px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:5017.61px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:5602.26px;white-space:nowrap">own
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:5982.48px;white-space:nowrap">assumptions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:7042.96px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:7233.07px;white-space:nowrap">determining
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:8223.6px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:8523.83px;white-space:nowrap">fair
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:8823.89px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9895.6px;left:9304.21px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10145.6px;left:604.8px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10145.6px;left:1315.22px;white-space:nowrap">instruments)</div></div>
</div>

<div style="height:22.54px;left:0px;position:absolute;top:0px;transform:translate(53.999px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:145.61px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">6.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.71px;white-space:nowrap">Concentration
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1565.5px;letter-spacing:-2.67px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1797.83px;letter-spacing:-4px;white-space:nowrap">Risk</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2245.55px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:558.17px;letter-spacing:7.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:810.66px;letter-spacing:10.32px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1647.53px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">24</div></div>
</div>

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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:0px;white-space:nowrap">The </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:360.18px;white-space:nowrap">input
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:800.51px;white-space:nowrap">levels
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:1310.71px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:1620.88px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:1921.11px;white-space:nowrap">necessarily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:2871.47px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:3121.7px;white-space:nowrap">indication
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:3932.23px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:4132.35px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:4432.59px;white-space:nowrap">risk
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:4762.53px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:4972.59px;white-space:nowrap">liquidity
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:5622.89px;white-space:nowrap">associated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:6533.44px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:6903.54px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:7613.96px;white-space:nowrap">instruments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:344px;left:8594.3px;white-space:nowrap">at
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:774px;left:2361.09px;letter-spacing:-0.99px;white-space:nowrap">of&#160;August
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9118.86px;left:5103.46px;white-space:nowrap">(ASU)
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9118.86px;left:5643.46px;white-space:nowrap">2023-07,
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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10298.86px;left:0px;white-space:nowrap">Investment
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10298.86px;left:1690.84px;white-space:nowrap">serves
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10298.86px;left:3281.57px;white-space:nowrap">Operating
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10298.86px;left:4122.07px;white-space:nowrap">Decision
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10298.86px;left:4862.37px;white-space:nowrap">Maker
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10298.86px;left:5412.48px;white-space:nowrap">(&#8220;CODM&#8221;)
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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10298.86px;left:8013.16px;white-space:nowrap">evaluating
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10298.86px;left:9184.04px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:0px;white-space:nowrap">operating
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:800.6px;white-space:nowrap">results
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:1380.76px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:1731.09px;white-space:nowrap">allocating
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:2541.62px;white-space:nowrap">resources
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:3381.94px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:3572.05px;white-space:nowrap">accordance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:4552.65px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:4922.75px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:5222.99px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:5810.01px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:6730.4px;letter-spacing:-1.34px;white-space:nowrap">strategy.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:7507.35px;white-space:nowrap">Internal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:8157.74px;white-space:nowrap">reporting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:8918.17px;white-space:nowrap">provided
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10548.86px;left:9658.65px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:0px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:300.23px;white-space:nowrap">CODM
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:900.18px;white-space:nowrap">aligns
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:1420.49px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:1790.6px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:2090.83px;white-space:nowrap">accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:3011.48px;white-space:nowrap">policies
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:3661.79px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:4012.12px;white-space:nowrap">measurement
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:5162.61px;white-space:nowrap">principles
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:5972.96px;white-space:nowrap">used
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:6413.29px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:6603.4px;text-rendering:optimizeLegibility;white-space:nowrap">the&#160;financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10798.86px;left:7614.05px;white-space:nowrap">statements.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1221.98px;left:4785.42px;white-space:nowrap">Level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1221.98px;left:5239.02px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1221.98px;left:6369.42px;white-space:nowrap">Level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1221.98px;left:6823.02px;white-space:nowrap">2</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1221.98px;left:7953.42px;white-space:nowrap">Level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1221.98px;left:8407.02px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1221.98px;left:9709.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1552.31px;left:0px;letter-spacing:-1.19px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1552.31px;left:841.48px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1552.31px;left:1623.83px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1552.31px;left:2273.05px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1763.35px;left:0px;white-space:nowrap">Assets:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1974.4px;left:144px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1974.4px;left:1051.03px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1974.4px;left:1220.02px;white-space:nowrap">Securities:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2170.88px;left:288px;white-space:nowrap">Common
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2170.88px;left:981.52px;white-space:nowrap">Stocks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2170.88px;left:1461.67px;white-space:nowrap">:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:432px;white-space:nowrap">Brazil</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:840.72px;letter-spacing:49.24px;white-space:nowrap">................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:4527.22px;white-space:nowrap">$</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:4616.2px;white-space:nowrap">6,795,875</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:6663.02px;white-space:nowrap">$</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:8247.02px;white-space:nowrap">$</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:9279.22px;white-space:nowrap">$</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2367.37px;left:9368.2px;white-space:nowrap">6,795,875</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.85px;left:432px;white-space:nowrap">Chile</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.85px;left:840.72px;letter-spacing:49.24px;white-space:nowrap">................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.85px;left:4616.2px;white-space:nowrap">2,479,413</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.85px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.85px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.85px;left:9368.2px;white-space:nowrap">2,479,413</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2760.33px;left:432px;white-space:nowrap">China</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2760.33px;left:934.13px;letter-spacing:49.25px;white-space:nowrap">...............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2760.33px;left:4616.2px;white-space:nowrap">1,223,214</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2760.33px;left:6111.22px;white-space:nowrap">61,884,264</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2760.33px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2760.33px;left:9279.22px;white-space:nowrap">63,107,478</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2956.82px;left:432px;white-space:nowrap">Hong
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2956.82px;left:858.95px;white-space:nowrap">Kong</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2956.82px;left:1307.78px;letter-spacing:49.3px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2956.82px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2956.82px;left:6200.2px;white-space:nowrap">4,898,534</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2956.82px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2956.82px;left:9368.2px;white-space:nowrap">4,898,534</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3153.3px;left:432px;white-space:nowrap">Hungary</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3153.3px;left:1120.96px;letter-spacing:49.27px;white-space:nowrap">.............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3153.3px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3153.3px;left:6200.2px;white-space:nowrap">2,855,821</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3153.3px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3153.3px;left:9368.2px;white-space:nowrap">2,855,821</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3349.79px;left:432px;white-space:nowrap">India</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3349.79px;left:840.72px;letter-spacing:49.24px;white-space:nowrap">................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3349.79px;left:4616.2px;white-space:nowrap">2,960,521</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3349.79px;left:6111.22px;white-space:nowrap">25,103,945</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3349.79px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3349.79px;left:9279.22px;white-space:nowrap">28,064,466</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3546.27px;left:432px;white-space:nowrap">Indonesia</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3546.27px;left:1214.37px;letter-spacing:49.29px;white-space:nowrap">............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3546.27px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3546.27px;left:6200.2px;white-space:nowrap">1,430,570</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3546.27px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3546.27px;left:9368.2px;white-space:nowrap">1,430,570</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3742.76px;left:432px;white-space:nowrap">Italy</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3742.76px;left:747.3px;letter-spacing:49.24px;white-space:nowrap">.................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3742.76px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3742.76px;left:6333.64px;white-space:nowrap">242,873</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3742.76px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3742.76px;left:9501.64px;white-space:nowrap">242,873</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3939.24px;left:432px;white-space:nowrap">Mexico</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3939.24px;left:1027.54px;letter-spacing:49.26px;white-space:nowrap">..............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3939.24px;left:4616.2px;white-space:nowrap">6,947,444</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3939.24px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3939.24px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3939.24px;left:9368.2px;white-space:nowrap">6,947,444</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4135.72px;left:432px;white-space:nowrap">Peru</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4135.72px;left:840.72px;letter-spacing:49.24px;white-space:nowrap">................................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4135.72px;left:4616.2px;white-space:nowrap">1,036,891</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4135.72px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4135.72px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4135.72px;left:9368.2px;white-space:nowrap">1,036,891</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4332.21px;left:432px;white-space:nowrap">Philippines</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4332.21px;left:1214.37px;letter-spacing:49.29px;white-space:nowrap">............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4332.21px;left:4616.2px;white-space:nowrap">1,254,420</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4332.21px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4332.21px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4332.21px;left:9368.2px;white-space:nowrap">1,254,420</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4528.69px;left:432px;white-space:nowrap">Russia</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4528.69px;left:934.13px;letter-spacing:49.25px;white-space:nowrap">...............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4528.69px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4528.69px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4528.69px;left:8284.12px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:4531.9px;left:8444.12px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4528.69px;left:9920px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4725.18px;left:432px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4725.18px;left:885.75px;white-space:nowrap">Africa</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4725.18px;left:1307.78px;letter-spacing:49.3px;white-space:nowrap">...........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4725.18px;left:4616.2px;white-space:nowrap">3,867,853</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4725.18px;left:6200.2px;white-space:nowrap">1,964,093</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4725.18px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4725.18px;left:9368.2px;white-space:nowrap">5,831,946</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4921.66px;left:432px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4921.66px;left:894.58px;white-space:nowrap">Korea</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4921.66px;left:1401.2px;letter-spacing:49.31px;white-space:nowrap">..........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4921.66px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4921.66px;left:6111.22px;white-space:nowrap">45,074,656</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4921.66px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4921.66px;left:9279.22px;white-space:nowrap">45,074,656</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5118.15px;left:432px;letter-spacing:-2.96px;white-space:nowrap">Taiwan</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5118.15px;left:934.13px;letter-spacing:49.25px;white-space:nowrap">...............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5118.15px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5118.15px;left:6111.22px;white-space:nowrap">52,171,948</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5118.15px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5118.15px;left:9279.22px;white-space:nowrap">52,171,948</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5314.63px;left:432px;white-space:nowrap">Thailand</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5314.63px;left:1120.96px;letter-spacing:49.27px;white-space:nowrap">.............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5314.63px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5314.63px;left:6200.2px;white-space:nowrap">6,866,674</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5314.63px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5314.63px;left:9368.2px;white-space:nowrap">6,866,674</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5511.12px;left:432px;letter-spacing:-0.85px;white-space:nowrap">Turkiye</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5511.12px;left:1027.54px;letter-spacing:49.26px;white-space:nowrap">..............................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5511.12px;left:4749.64px;white-space:nowrap">748,357</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5511.12px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5511.12px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5511.12px;left:9501.64px;white-space:nowrap">748,357</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5707.6px;left:432px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5707.6px;left:930.13px;white-space:nowrap">Arab
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5707.6px;left:1312.55px;white-space:nowrap">Emirates</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5707.6px;left:1961.68px;letter-spacing:49.42px;white-space:nowrap">....................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5707.6px;left:4616.2px;white-space:nowrap">1,158,986</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5707.6px;left:6200.2px;white-space:nowrap">2,053,329</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5707.6px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5707.6px;left:9368.2px;white-space:nowrap">3,212,315</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5904.08px;left:432px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5904.08px;left:938.95px;white-space:nowrap">States</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5904.08px;left:1401.2px;letter-spacing:49.31px;white-space:nowrap">..........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5904.08px;left:4616.2px;white-space:nowrap">6,935,482</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5904.08px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5904.08px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5904.08px;left:9368.2px;white-space:nowrap">6,935,482</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6100.57px;left:288px;white-space:nowrap">Preferred
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6100.57px;left:999.41px;white-space:nowrap">Stocks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6100.57px;left:1588.02px;letter-spacing:49.34px;white-space:nowrap">........................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6100.57px;left:4527.22px;white-space:nowrap">14,489,872</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6100.57px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6100.57px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6100.57px;left:9279.22px;white-space:nowrap">14,489,872</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:288px;white-space:nowrap">Escrows
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:936.98px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:1248.39px;white-space:nowrap">Litigation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:1930.42px;letter-spacing:-0.99px;white-space:nowrap">Trusts</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:2428.74px;letter-spacing:49.57px;white-space:nowrap">...............</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:5168px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:8006.62px;white-space:nowrap">28,725</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6297.05px;left:9590.62px;white-space:nowrap">28,725</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6493.54px;left:277.36px;white-space:nowrap">Short
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6493.54px;left:701.34px;letter-spacing:-3.55px;white-space:nowrap">Term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6493.54px;left:1101.34px;white-space:nowrap">Investments</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6493.54px;left:2055.09px;letter-spacing:49.44px;white-space:nowrap">...................</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6493.54px;left:4527.22px;white-space:nowrap">10,875,095</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6493.54px;left:6752px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6493.54px;left:8336px;white-space:nowrap">&#8212;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6493.54px;left:9279.22px;white-space:nowrap">10,875,095</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:576px;letter-spacing:-2.96px;white-space:nowrap">Total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:958.42px;white-space:nowrap">Investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:1865.45px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:2034.44px;white-space:nowrap">Securities</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:2802.39px;letter-spacing:49.79px;white-space:nowrap">...........</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:4438.23px;white-space:nowrap">$60,773,423</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:5881.37px;white-space:nowrap">$204,546,707</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:6693.23px;left:6860.12px;white-space:nowrap">b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:7917.64px;white-space:nowrap">$28,725</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6690.02px;left:9101.25px;white-space:nowrap">$265,348,855</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:7158.3px;left:0px;white-space:nowrap">a</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7154.08px;left:42.54px;white-space:nowrap">Includes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7154.08px;left:567.77px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7154.08px;left:1085.67px;white-space:nowrap">instruments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7154.08px;left:1800.35px;white-space:nowrap">determined
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7154.08px;left:2493.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7154.08px;left:2639.18px;white-space:nowrap">have
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7154.08px;left:2960.2px;white-space:nowrap">no
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7154.08px;left:3142.62px;white-space:nowrap">value.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:7354.79px;left:0px;white-space:nowrap">b</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:42.54px;white-space:nowrap">Includes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:567.77px;white-space:nowrap">foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:1005.43px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:1596.13px;white-space:nowrap">valued
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:2019.26px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:2165.2px;white-space:nowrap">$204,546,707,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:3040.82px;white-space:nowrap">which
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:3412.7px;white-space:nowrap">were
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:3733.48px;white-space:nowrap">categorized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:4448.32px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:4623.4px;white-space:nowrap">Level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:4973.56px;white-space:nowrap">2
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:5083.01px;letter-spacing:0px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:5258.09px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:5367.54px;white-space:nowrap">result
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:5724.88px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:5870.82px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:6089.73px;white-space:nowrap">application
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:6753.56px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:6899.49px;white-space:nowrap">market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:7336.99px;white-space:nowrap">level
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:7643.32px;white-space:nowrap">fair
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:7862.07px;white-space:nowrap">value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:8212.23px;white-space:nowrap">procedures.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:8941.6px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:9211.52px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7350.57px;left:9430.43px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7542.57px;left:0px;white-space:nowrap">Instrument
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7542.57px;left:656.41px;letter-spacing:-0.96px;white-space:nowrap">Valuation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7542.57px;left:1230.39px;white-space:nowrap">note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7542.57px;left:1522.27px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7542.57px;left:1711.88px;white-space:nowrap">more
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:7542.57px;left:2047.27px;white-space:nowrap">information.</div></div>
</div>

<div style="height:22.54px;left:0px;position:absolute;top:0px;transform:translate(36.000px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:145.61px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-2px;white-space:nowrap">8.&#160;Fair
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:612.73px;letter-spacing:-5.17px;white-space:nowrap">Value
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1166.85px;letter-spacing:-4px;white-space:nowrap">Measurements</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2560.69px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7461.73px;letter-spacing:10px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8019.91px;letter-spacing:7.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8272.39px;letter-spacing:10.32px;white-space:nowrap">Financial
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9109.27px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
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<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">25</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

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<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

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<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2294.8px;left:9068.03px;white-space:nowrap">Disclosures.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:5479.45px;left:0px;white-space:nowrap">Selected
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:5479.45px;left:790.4px;white-space:nowrap">Portfolio</div>

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<div style="height:22.54px;left:0px;position:absolute;top:0px;transform:translate(53.999px,120.643px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:145.61px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,4.28px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-2.67px;white-space:nowrap">9.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.6px;white-space:nowrap">Operating
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2135.57px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:26.46px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:432px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:26.21px;left:0px;position:absolute;top:0px;transform:translate(36.000px,77.750px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:403.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Report
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1141.69px;white-space:nowrap">Independent
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2659.79px;white-space:nowrap">Registered
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3989.38px;white-space:nowrap">Public
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8868.64px;left:9378.28px;white-space:nowrap">1948.</div></div>
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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12590.62px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">By </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:260.07px;letter-spacing:-0.95px;white-space:nowrap">mid-February,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1416.97px;white-space:nowrap">tax
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1707.1px;white-space:nowrap">information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2647.53px;white-space:nowrap">related
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3247.91px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3448.04px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3598.15px;white-space:nowrap">shareholder&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4723.15px;white-space:nowrap">proportionate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5833.92px;white-space:nowrap">share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6334.19px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6534.32px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7544.79px;white-space:nowrap">paid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7935.12px;white-space:nowrap">during
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8485.49px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8785.72px;white-space:nowrap">preceding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:0px;white-space:nowrap">calendar
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:740.48px;white-space:nowrap">year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:1140.64px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:1440.62px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:1690.84px;white-space:nowrap">received,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:2471.22px;white-space:nowrap">if
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:194.64px;left:2611.23px;white-space:nowrap">applicable.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3866px;left:8945.16px;white-space:nowrap">during
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3866px;left:9495.53px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4116px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4116px;left:460.11px;white-space:nowrap">year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4116px;left:860.27px;white-space:nowrap">ended</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4116px;left:1400.89px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4116px;left:2011.29px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4116px;left:2311.52px;white-space:nowrap">2025:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2104.06px;left:5760px;white-space:nowrap">Pursuant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2104.06px;left:6497.89px;white-space:nowrap">to:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2104.06px;left:8728.98px;white-space:nowrap">Amount
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2104.06px;left:9377.73px;white-space:nowrap">Reported</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2305.54px;left:0px;letter-spacing:-1.77px;white-space:nowrap">Long-Term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2305.54px;left:809.22px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2305.54px;left:1351.72px;white-space:nowrap">Gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2305.54px;left:1734.14px;white-space:nowrap">Dividends
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2305.54px;left:2481.17px;white-space:nowrap">Distributed</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2305.54px;left:5760px;white-space:nowrap">&#167;852(b)(3)(C)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2305.54px;left:9279.22px;white-space:nowrap">$4,898,187</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:0px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:569.14px;white-space:nowrap">Eligible
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:1129.45px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:1360.63px;white-space:nowrap">Dividends
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:2107.66px;white-space:nowrap">Received
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:2819.14px;white-space:nowrap">Deduction
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:3584.06px;white-space:nowrap">(DRD)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:5760px;white-space:nowrap">&#167;854(b)(1)(A)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2502.03px;left:9501.64px;white-space:nowrap">$55,184</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2698.51px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Qualified
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2698.51px;left:675.94px;white-space:nowrap">Dividend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2698.51px;left:1342.97px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2698.51px;left:1912.11px;white-space:nowrap">Earned
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2698.51px;left:2472.5px;white-space:nowrap">(QDI)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2698.51px;left:5760px;white-space:nowrap">&#167;854(b)(1)(B)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2698.51px;left:9279.22px;white-space:nowrap">$2,997,266</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2895px;left:0px;letter-spacing:-1.61px;white-space:nowrap">Short-Term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2895px;left:835.7px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2895px;left:1378.2px;white-space:nowrap">Gain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2895px;left:1760.63px;white-space:nowrap">Dividends
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2895px;left:2507.66px;white-space:nowrap">Distributed</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2895px;left:5760px;white-space:nowrap">&#167;871(k)(2)(C)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2895px;left:9412.66px;white-space:nowrap">$609,613</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3091.48px;left:0px;white-space:nowrap">Section
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3091.48px;left:578.13px;white-space:nowrap">163(j)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3091.48px;left:1031.64px;white-space:nowrap">Interest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3091.48px;left:1609.69px;white-space:nowrap">Earned</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3091.48px;left:5760px;white-space:nowrap">&#167;163(j)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3091.48px;left:9412.66px;white-space:nowrap">$363,421</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4549.42px;left:8728.98px;white-space:nowrap">Amount
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4549.42px;left:9377.73px;white-space:nowrap">Reported</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4750.91px;left:0px;white-space:nowrap">Foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4750.91px;left:584.06px;letter-spacing:-2.96px;white-space:nowrap">Taxes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4750.91px;left:1046.48px;white-space:nowrap">Paid</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4750.91px;left:9279.22px;white-space:nowrap">$1,160,419</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4947.39px;left:0px;white-space:nowrap">Foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4947.39px;left:586.95px;white-space:nowrap">Source
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4947.39px;left:1138.36px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4947.39px;left:1707.5px;white-space:nowrap">Earned</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4947.39px;left:9279.22px;white-space:nowrap">$5,814,430</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:25.92px;left:0px;position:absolute;top:0px;transform:translate(35.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:421.09px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:55.43px;left:0px;position:absolute;top:0px;transform:translate(36.000px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:0px;white-space:nowrap">Important
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:1329.26px;white-space:nowrap">Information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:2888.26px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:3216.62px;white-space:nowrap">Shareholders
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:5054.59px;white-space:nowrap">(unaudited)</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">28</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(80.389px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.95px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:0px;white-space:nowrap">Share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:550.28px;white-space:nowrap">Repurchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:1630.72px;white-space:nowrap">Program</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:0px;white-space:nowrap">On </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:290.13px;white-space:nowrap">February
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1060.4px;white-space:nowrap">24,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1360.63px;white-space:nowrap">2025,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1861.08px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:2161.32px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:2748.34px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:3278.67px;white-space:nowrap">reauthorized
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:4329.32px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:0px;white-space:nowrap">open-market
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1060.49px;white-space:nowrap">share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1560.76px;white-space:nowrap">repurchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2511.3px;white-space:nowrap">program
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3231.56px;white-space:nowrap">which
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3741.77px;white-space:nowrap">includes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:4452.19px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:0px;white-space:nowrap">initial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:460.2px;white-space:nowrap">authorization
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:1540.9px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:1800.97px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2101.2px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2561.48px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2761.61px;white-space:nowrap">repurchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3712.15px;white-space:nowrap">up
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3962.37px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:4162.5px;white-space:nowrap">10%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:4572.77px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:0px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:300.23px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:887.26px;white-space:nowrap">outstanding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1868.03px;white-space:nowrap">shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2458.3px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2648.41px;white-space:nowrap">open-market
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:860.45px;white-space:nowrap">Management
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:1961.1px;white-space:nowrap">will
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:3821.92px;white-space:nowrap">amounts
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:0px;white-space:nowrap">necessary
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:1930.87px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:2517.89px;white-space:nowrap">plan
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:3558.78px;white-space:nowrap">requirements
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:0px;white-space:nowrap">prescribed
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:1130.54px;white-space:nowrap">excise
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:1690.75px;white-space:nowrap">tax
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:1980.88px;white-space:nowrap">rules
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:2421.04px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:2771.37px;white-space:nowrap">Subchapter
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:3742.03px;white-space:nowrap">M
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:0px;white-space:nowrap">Internal
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:650.39px;white-space:nowrap">Revenue
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:1420.93px;white-space:nowrap">Code.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:2308.18px;white-space:nowrap">plan
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:2878.51px;white-space:nowrap">intended
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:3819.29px;white-space:nowrap">provide
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:0px;white-space:nowrap">shareholders
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:1090.63px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:1460.74px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:1610.86px;white-space:nowrap">consistent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:2471.31px;white-space:nowrap">distribution
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:3391.79px;white-space:nowrap">each
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:3832.12px;white-space:nowrap">quarter
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:4452.45px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5400px;white-space:nowrap">intended
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6340.78px;white-space:nowrap">narrow
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7241.22px;white-space:nowrap">discount
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8992.44px;white-space:nowrap">market
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9592.56px;white-space:nowrap">price
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5870.57px;letter-spacing:-3.34px;white-space:nowrap">NAV
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6277.32px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7364.71px;white-space:nowrap">shares,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8945.51px;white-space:nowrap">no
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9195.73px;white-space:nowrap">assurance
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">that
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6811px;white-space:nowrap">successful
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8381.87px;white-space:nowrap">so.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:5220px;white-space:nowrap">Under
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:8722.27px;white-space:nowrap">extent
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">sufficient
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:5975.86px;white-space:nowrap">investment
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:6896.25px;white-space:nowrap">income
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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:8006.75px;white-space:nowrap">available
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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:9167.61px;white-space:nowrap">quarterly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:5220px;white-space:nowrap">basis,
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:6040.46px;white-space:nowrap">Fund
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:6500.74px;white-space:nowrap">will
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:6800.71px;white-space:nowrap">distribute
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:7581.09px;white-space:nowrap">long-term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:8391.36px;white-space:nowrap">capital
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:8961.68px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:9442px;white-space:nowrap">and/or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:5220px;white-space:nowrap">return
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:5740.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:5940.35px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:6510.67px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:6700.78px;white-space:nowrap">order
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:7371.12px;white-space:nowrap">maintain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:8101.49px;white-space:nowrap">its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:8331.5px;white-space:nowrap">managed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:9132.1px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:5220px;white-space:nowrap">rate.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:5630.19px;white-space:nowrap">No
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:5910.29px;white-space:nowrap">conclusions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:6900.82px;white-space:nowrap">should
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:7731.47px;white-space:nowrap">drawn
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:8271.74px;white-space:nowrap">about
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:8772.19px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:9072.42px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:5220px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:6140.39px;white-space:nowrap">performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:7200.88px;white-space:nowrap">from
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:7911.12px;white-space:nowrap">amount
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:8561.51px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:8761.64px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:9061.88px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5220px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6230.48px;white-space:nowrap">or
</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7150.78px;white-space:nowrap">terms
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:6846.94px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7207.12px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7667.4px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7867.53px;white-space:nowrap">Nova
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8337.74px;white-space:nowrap">Scotia
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8888.03px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:9148.1px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:5220px;white-space:nowrap">additional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6040.63px;white-space:nowrap">364-day
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6741.12px;white-space:nowrap">term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:7151.13px;white-space:nowrap">(&#8220;Credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:7801.17px;white-space:nowrap">Facility
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:8411.22px;white-space:nowrap">Renewal&#8221;),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:9331.52px;white-space:nowrap">until
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:5220px;white-space:nowrap">January
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:5910.38px;white-space:nowrap">9,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:6110.51px;white-space:nowrap">2026.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:6607.71px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:6967.88px;white-space:nowrap">terms
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:7467.89px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:7668.02px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:7968.25px;white-space:nowrap">Credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:8498.41px;white-space:nowrap">Facility
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:9108.46px;white-space:nowrap">Renewal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:5220px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:5530.17px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:5830.4px;white-space:nowrap">same
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:6320.57px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:6560.68px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:6860.92px;white-space:nowrap">terms
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:7360.93px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:7561.05px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:7861.29px;white-space:nowrap">Existing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:8541.56px;white-space:nowrap">Credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:9071.72px;letter-spacing:-1.48px;white-space:nowrap">Facility.</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(53.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7576.59px;letter-spacing:7.24px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7829.08px;letter-spacing:11.08px;white-space:nowrap">Shareholders
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9107.58px;letter-spacing:10.91px;white-space:nowrap">(unaudited)</div></div>
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<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">29</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
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<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:51.74px;left:0px;position:absolute;top:0px;transform:translate(53.999px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">
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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">The </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:360.18px;white-space:nowrap">purpose
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1060.66px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1260.79px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1561.03px;white-space:nowrap">Credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2091.18px;white-space:nowrap">Facility
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2701.23px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2881.23px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3081.36px;white-space:nowrap">provide
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3721.73px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4021.96px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:370.11px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:520.22px;white-space:nowrap">source
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1110.5px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1310.63px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1800.97px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2001.09px;white-space:nowrap">purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2791.58px;white-space:nowrap">additional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3612.22px;white-space:nowrap">investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">and </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:350.33px;white-space:nowrap">pursue
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:950.71px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1540.99px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2461.38px;white-space:nowrap">strategies.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3341.78px;white-space:nowrap">Given
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3862px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">permanent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:910.55px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1480.87px;white-space:nowrap">structure
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2231.1px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2581.44px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2881.67px;white-space:nowrap">absence
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3612.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3812.34px;white-space:nowrap">daily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4232.55px;white-space:nowrap">liquidity
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:0px;white-space:nowrap">requirements,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1450.72px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2037.74px;white-space:nowrap">closed-end
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2968.33px;white-space:nowrap">fund
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3368.67px;white-space:nowrap">structure
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:0px;white-space:nowrap">particularly
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:920.3px;white-space:nowrap">well-suited
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1820.65px;white-space:nowrap">for
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2080.72px;white-space:nowrap">leverage.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1658.64px;left:0px;white-space:nowrap">Information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1658.64px;left:1033.24px;white-space:nowrap">About
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1658.64px;left:1603.04px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1658.64px;left:1923.05px;letter-spacing:-0.95px;white-space:nowrap">Fund&#8217;s
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1658.64px;left:2556.3px;white-space:nowrap">Goal
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1658.64px;left:3006.39px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1658.64px;left:3376.41px;white-space:nowrap">Main
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1908.64px;left:0px;white-space:nowrap">Investments,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1908.64px;left:1150.4px;white-space:nowrap">Principal
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1908.64px;left:1960.66px;white-space:nowrap">Investment
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1908.64px;left:2960.95px;letter-spacing:-1.34px;white-space:nowrap">Strategy,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1908.64px;left:3767.87px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2158.64px;left:810.26px;white-space:nowrap">Risks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2588.64px;left:0px;letter-spacing:-2.67px;white-space:nowrap">Your
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2588.64px;left:446.66px;letter-spacing:-0.95px;white-space:nowrap">Fund&#8217;s
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2588.64px;left:1079.91px;white-space:nowrap">Goal
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2588.64px;left:1530px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2588.64px;left:1900.02px;white-space:nowrap">Main
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2588.64px;left:2360.04px;white-space:nowrap">Investments
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:0px;white-space:nowrap">The
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:820.46px;white-space:nowrap">seeks
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:3251.6px;white-space:nowrap">80%
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:4092.01px;white-space:nowrap">net
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:760.34px;white-space:nowrap">emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:3131.37px;white-space:nowrap">including
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:3891.88px;white-space:nowrap">common
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:350.33px;white-space:nowrap">preferred
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:1130.71px;white-space:nowrap">stock,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:3211.52px;white-space:nowrap">purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:4002.01px;white-space:nowrap">warrants.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:4198.64px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:4198.64px;left:810.26px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:4198.64px;left:1810.55px;white-space:nowrap">Strategy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4628.64px;left:0px;white-space:nowrap">Under
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4628.64px;left:540.26px;white-space:nowrap">normal
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5628.64px;left:2241.47px;white-space:nowrap">Nations
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</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5878.64px;left:2728.04px;white-space:nowrap">Morgan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5878.64px;left:3388.36px;white-space:nowrap">Stanley
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5878.64px;left:4038.75px;white-space:nowrap">Capital
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:0px;white-space:nowrap">International
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:1250.77px;white-space:nowrap">Russell
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:1890.97px;white-space:nowrap">index
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:2371.29px;white-space:nowrap">providers.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:3208.36px;white-space:nowrap">The
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:3568.54px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:4028.82px;white-space:nowrap">considers
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:6660.53px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:7701.24px;white-space:nowrap">construction
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8588.64px;left:5970.41px;white-space:nowrap">provides
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8588.64px;left:6700.78px;white-space:nowrap">examples
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8838.64px;left:6050.57px;white-space:nowrap">consideration
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8838.64px;left:7171.26px;white-space:nowrap">when
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8838.64px;left:8652.13px;white-space:nowrap">company:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:5824.8px;white-space:nowrap">Environmental
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:7025.39px;white-space:nowrap">considerations,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:9136.52px;white-space:nowrap">include
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:5824.8px;white-space:nowrap">issues
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:6385.01px;white-space:nowrap">such
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:7055.36px;white-space:nowrap">resource
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:7805.68px;text-rendering:optimizeLegibility;letter-spacing:-1.11px;white-space:nowrap">efficiency,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:8638.18px;white-space:nowrap">carbon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:9238.56px;white-space:nowrap">emissions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:5824.8px;white-space:nowrap">management,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:6975.46px;white-space:nowrap">waste
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:7495.69px;white-space:nowrap">prevention
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:8386.28px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:8736.62px;white-space:nowrap">recycling
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:9496.87px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:5824.8px;white-space:nowrap">pollution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:6545.33px;white-space:nowrap">prevention
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:7435.92px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:7786.26px;white-space:nowrap">control.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10448.64px;left:5824.8px;white-space:nowrap">Social
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10448.64px;left:6365.06px;white-space:nowrap">considerations,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10448.64px;left:7625.77px;white-space:nowrap">which
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10448.64px;left:8135.97px;white-space:nowrap">can
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10448.64px;left:8476.2px;white-space:nowrap">include
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10448.64px;left:9096.62px;white-space:nowrap">issues
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10448.64px;left:9656.83px;white-space:nowrap">such
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:5824.8px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:6064.92px;white-space:nowrap">labor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:6515.18px;white-space:nowrap">standards,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:7405.69px;white-space:nowrap">fair
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:7705.75px;white-space:nowrap">wages,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:8326.08px;white-space:nowrap">diversity
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:9036.24px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:9386.57px;white-space:nowrap">gender
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:5824.8px;white-space:nowrap">balance,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:6555.35px;white-space:nowrap">health
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:7095.79px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:7446.12px;white-space:nowrap">safety
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:7976.36px;white-space:nowrap">practices
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:8746.64px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:9096.97px;white-space:nowrap">product
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11198.64px;left:5824.8px;letter-spacing:-1.91px;white-space:nowrap">safety.</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:9.39px;white-space:nowrap">Important
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:914.92px;letter-spacing:10.2px;white-space:nowrap">Information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:2001.89px;letter-spacing:7.24px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:2254.38px;letter-spacing:11.08px;white-space:nowrap">Shareholders
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:3532.88px;letter-spacing:10.91px;white-space:nowrap">(unaudited)</div></div>
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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:604.8px;white-space:nowrap">Governance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1635.41px;white-space:nowrap">considerations,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2896.11px;white-space:nowrap">which
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3406.31px;white-space:nowrap">can
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3746.54px;white-space:nowrap">include
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:604.8px;white-space:nowrap">issues
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:6040.46px;white-space:nowrap">may
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:6430.52px;white-space:nowrap">invest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:6950.74px;white-space:nowrap">up
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:7200.97px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:7401.09px;white-space:nowrap">10%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:7811.37px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:8011.49px;white-space:nowrap">its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:8241.5px;white-space:nowrap">total
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:8631.74px;white-space:nowrap">assets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:9201.97px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:9392.08px;white-space:nowrap">shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:5220px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:5420.13px;white-space:nowrap">exchange-traded
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:6821.1px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:7311.45px;white-space:nowrap">(ETFs)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:7911.3px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:8171.37px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:8471.6px;white-space:nowrap">purpose
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:9172.09px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:9372.22px;white-space:nowrap">short-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:5220px;white-space:nowrap">term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:5630.01px;white-space:nowrap">cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:6060.23px;white-space:nowrap">management.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:7210.9px;white-space:nowrap">In
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:7411.03px;white-space:nowrap">trying
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:7901.19px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:8101.32px;white-space:nowrap">achieve
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:8771.75px;white-space:nowrap">its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:9001.76px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5220px;white-space:nowrap">goals,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5750.33px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6050.57px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6510.85px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6900.91px;white-space:nowrap">invest
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7421.13px;white-space:nowrap">up
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7671.36px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7871.48px;white-space:nowrap">10%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8281.76px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8481.88px;white-space:nowrap">its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8711.89px;white-space:nowrap">net
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:9012.13px;white-space:nowrap">assets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:9582.36px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5220px;white-space:nowrap">participatory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:6250.43px;white-space:nowrap">notes.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5220px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5580.18px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6040.46px;white-space:nowrap">intends
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6670.9px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6871.03px;white-space:nowrap">purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:7661.51px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:8011.85px;white-space:nowrap">hold
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:8402.17px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:9212.43px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:9472.5px;white-space:nowrap">long-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:5220px;white-space:nowrap">term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:5630.01px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:6200.33px;white-space:nowrap">appreciation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7231.03px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7581.36px;white-space:nowrap">does
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:8021.69px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:8321.92px;white-space:nowrap">expect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:8902.27px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:9102.39px;white-space:nowrap">trade
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:9562.68px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5220px;white-space:nowrap">short-term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6090.12px;white-space:nowrap">gain.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:5220px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:5580.18px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:6040.46px;white-space:nowrap">employs
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:6760.72px;white-space:nowrap">leverage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:7501.2px;white-space:nowrap">through
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:8161.7px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:8461.93px;white-space:nowrap">use
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:8802.16px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:9002.29px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:9152.4px;white-space:nowrap">senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:5220px;white-space:nowrap">secured
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:5910.38px;white-space:nowrap">revolving
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:6680.74px;white-space:nowrap">credit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:7170.91px;white-space:nowrap">facility
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:7721.02px;white-space:nowrap">which
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:8231.22px;white-space:nowrap">provides
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:8961.59px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:9261.83px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:5220px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:5590.11px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:5740.22px;white-space:nowrap">continuing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:6610.87px;white-space:nowrap">source
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:7201.14px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:7401.27px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:7891.61px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:8091.74px;white-space:nowrap">purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:8882.23px;white-space:nowrap">additional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:5220px;white-space:nowrap">investments
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:6230.39px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:6420.5px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:6720.73px;white-space:nowrap">ordinary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:7421.04px;white-space:nowrap">course
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:8011.32px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:8211.45px;white-space:nowrap">business
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:8971.88px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:9322.21px;white-space:nowrap">pursue
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:5220px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:5810.27px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:6730.66px;white-space:nowrap">strategies
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:7561.05px;white-space:nowrap">[</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5018.64px;left:7611.06px;white-space:nowrap">See
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5018.64px;left:7981.35px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5018.64px;left:8281.58px;white-space:nowrap">Notes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5018.64px;left:8801.81px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5018.64px;left:9001.93px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5268.64px;left:5220px;white-space:nowrap">Statements
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5268.64px;left:6180.47px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5268.64px;left:6440.54px;white-space:nowrap">further
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5268.64px;left:7010.77px;white-space:nowrap">information</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:7901.19px;white-space:nowrap">].</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:5698.64px;left:5220px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:5698.64px;left:6030.26px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:5698.64px;left:7030.55px;white-space:nowrap">Risks</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:5220px;letter-spacing:-4.13px;white-space:nowrap">You
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:5573.76px;white-space:nowrap">could
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:6054.08px;white-space:nowrap">lose
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:6434.3px;white-space:nowrap">money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:7024.57px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:7264.69px;white-space:nowrap">investing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:8025.12px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:8215.22px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:8515.46px;white-space:nowrap">Fund.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6128.64px;left:9025.75px;white-space:nowrap">Closed-end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6378.64px;left:5220px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6378.64px;left:5620.34px;white-space:nowrap">shares
</div>

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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:7161.06px;white-space:nowrap">instability;
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:8691.86px;text-rendering:optimizeLegibility;white-space:nowrap">conflicts;
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11488.64px;left:6770.39px;white-space:nowrap">(ii)
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">markets,
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:5880.41px;white-space:nowrap">legal,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:6360.73px;letter-spacing:-1.11px;white-space:nowrap">regulatory,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:7247.81px;white-space:nowrap">political,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:7948.12px;letter-spacing:-1.34px;white-space:nowrap">currency,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:8724.99px;letter-spacing:-1.34px;white-space:nowrap">security,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:9431.81px;white-space:nowrap">and
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:6040.37px;white-space:nowrap">risks
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:8491.46px;white-space:nowrap">Korea.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:7041.01px;white-space:nowrap">developments
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:8411.84px;white-space:nowrap">South
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6658.64px;left:5220px;white-space:nowrap">neighbors
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:8788.62px;letter-spacing:-1.48px;white-space:nowrap">economy.
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:8732.02px;white-space:nowrap">trading
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:9332.4px;white-space:nowrap">exports,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:7381.14px;white-space:nowrap">countries
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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:8812.09px;white-space:nowrap">U.S.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:9212.17px;white-space:nowrap">Conditions
</div>

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</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:7201.23px;white-space:nowrap">key
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:7531.35px;white-space:nowrap">South
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:8051.75px;white-space:nowrap">Korean
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:5220px;white-space:nowrap">disruptions
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:6350.54px;white-space:nowrap">decreases
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</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:5220px;white-space:nowrap">declines
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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:6940.9px;white-space:nowrap">growth.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:8588.64px;left:5220px;white-space:nowrap">Emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:8588.64px;left:6100.14px;white-space:nowrap">Market
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:8588.64px;left:6730.4px;white-space:nowrap">Countries</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:5220px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:5580.18px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
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</div>

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</div>

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</div>

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</div>

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</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:8751.8px;letter-spacing:-1.21px;white-space:nowrap">generally,
</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:5660.33px;white-space:nowrap">additional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:6480.97px;white-space:nowrap">heightened
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:7421.84px;white-space:nowrap">risks
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:8392.24px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:8542.35px;white-space:nowrap">lack
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:9112.59px;white-space:nowrap">established
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:5220px;white-space:nowrap">legal,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:5700.32px;white-space:nowrap">political,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:6400.63px;white-space:nowrap">business
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:7511.4px;white-space:nowrap">social
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:8021.6px;white-space:nowrap">frameworks
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:9001.76px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:9201.88px;white-space:nowrap">support
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:5220px;white-space:nowrap">securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:6030.26px;white-space:nowrap">markets,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:6770.39px;white-space:nowrap">including:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:7580.92px;white-space:nowrap">delays
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:8341.35px;white-space:nowrap">settling
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:8961.68px;white-space:nowrap">portfolio
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:5220px;white-space:nowrap">securities
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:6030.26px;white-space:nowrap">transactions;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:7100.77px;white-space:nowrap">currency
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:7840.99px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:8191.32px;white-space:nowrap">capital
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:8761.64px;white-space:nowrap">controls;
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:5220px;white-space:nowrap">greater
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:5840.33px;white-space:nowrap">sensitivity
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:6670.55px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:6870.67px;white-space:nowrap">interest
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:7510.96px;white-space:nowrap">rate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:7871.13px;white-space:nowrap">changes;
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:8651.69px;white-space:nowrap">pervasiveness
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:9852.28px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:5220px;white-space:nowrap">corruption
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:6070.43px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:6420.76px;white-space:nowrap">crime;
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:6960.76px;white-space:nowrap">currency
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:7700.98px;white-space:nowrap">exchange
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:8531.63px;white-space:nowrap">rate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:8891.81px;white-space:nowrap">volatility;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:9632.02px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">inflation,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:5940.44px;text-rendering:optimizeLegibility;white-space:nowrap">deflation
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:6670.99px;white-space:nowrap">or
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:6881.04px;white-space:nowrap">currency
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:7621.26px;white-space:nowrap">devaluation.
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<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:2254.38px;letter-spacing:11.08px;white-space:nowrap">Shareholders
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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">32</div></div>
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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
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<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
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<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
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<div style="height:610.68px;left:0px;position:absolute;top:0px;transform:translate(35.999px,121.116px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2761.26px;white-space:nowrap">emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">magnified
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1630.81px;white-space:nowrap">markets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">33</div></div>
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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
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<div style="height:610.83px;left:0px;position:absolute;top:0px;transform:translate(54.000px,120.971px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:0px;white-space:nowrap">Focus</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:0px;letter-spacing:-6.65px;white-space:nowrap">To
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:240.12px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:540.35px;white-space:nowrap">extent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1080.7px;white-space:nowrap">that
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1430.95px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1731.18px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:2191.46px;white-space:nowrap">focuses
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:2861.81px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:3112.03px;white-space:nowrap">particular
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:3902.34px;white-space:nowrap">countries,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:0px;white-space:nowrap">regions,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:690.38px;white-space:nowrap">industries,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1560.76px;white-space:nowrap">sectors
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2190.94px;white-space:nowrap">or
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2401px;white-space:nowrap">types
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2881.23px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3081.36px;white-space:nowrap">investments
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:4091.75px;white-space:nowrap">from
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:4501.76px;white-space:nowrap">time
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:200.13px;white-space:nowrap">time,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:940.43px;white-space:nowrap">Fund
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2041px;white-space:nowrap">subject
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2861.46px;white-space:nowrap">greater
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3481.79px;white-space:nowrap">risks
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3901.73px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:4101.86px;white-space:nowrap">adverse
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:0px;white-space:nowrap">developments
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1170.7px;white-space:nowrap">in
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1360.81px;white-space:nowrap">such
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1791.04px;white-space:nowrap">areas
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2291.31px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2491.44px;white-space:nowrap">focus
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2971.67px;white-space:nowrap">than
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3372.01px;white-space:nowrap">a
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3522.13px;white-space:nowrap">fund
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3922.47px;white-space:nowrap">that
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4272.71px;white-space:nowrap">invests
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:190.11px;white-space:nowrap">a
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:340.22px;white-space:nowrap">wider
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:820.37px;white-space:nowrap">variety
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1400.54px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1600.66px;white-space:nowrap">countries,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2431.05px;white-space:nowrap">regions,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:3121.44px;white-space:nowrap">industries,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:3991.82px;white-space:nowrap">sectors
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:4621.99px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:0px;white-space:nowrap">investments.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:0px;white-space:nowrap">Information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:1039.92px;white-space:nowrap">technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:2049.96px;white-space:nowrap">companies</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:0px;white-space:nowrap">Companies
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:960.47px;white-space:nowrap">operating
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:1761.06px;white-space:nowrap">within
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:2271.27px;white-space:nowrap">information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:3211.7px;white-space:nowrap">technology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:4132.35px;white-space:nowrap">related
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2768.64px;left:0px;white-space:nowrap">industries
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2768.64px;left:820.37px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2768.64px;left:1210.43px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2768.64px;left:1460.65px;text-rendering:optimizeLegibility;white-space:nowrap">affected
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2768.64px;left:2147.26px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2768.64px;left:2387.37px;white-space:nowrap">worldwide
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2768.64px;left:3237.71px;white-space:nowrap">technological
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:0px;white-space:nowrap">developments,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:1220.71px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:1520.95px;white-space:nowrap">success
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:2421.3px;white-space:nowrap">their
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:2821.46px;white-space:nowrap">products
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:3561.86px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3018.64px;left:3912.19px;white-space:nowrap">services
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:0px;white-space:nowrap">(which
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:570.15px;white-space:nowrap">may
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:1210.43px;white-space:nowrap">outdated
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:1961.1px;white-space:nowrap">quickly),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:2671.26px;white-space:nowrap">anticipated
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:3591.91px;white-space:nowrap">products
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:0px;white-space:nowrap">or </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:210.06px;white-space:nowrap">services
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:1270.46px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:1580.63px;white-space:nowrap">delayed
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:6770.74px;white-space:nowrap">cybersecurity
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:7881.06px;white-space:nowrap">incidents.</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8268.64px;left:5970.5px;white-space:nowrap">technology
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8268.64px;left:7911.65px;white-space:nowrap">changing,
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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8518.64px;left:5970.23px;white-space:nowrap">cyber
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8518.64px;left:6460.4px;white-space:nowrap">attacks
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8518.64px;left:7991.02px;white-space:nowrap">developing.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8768.64px;left:6010.4px;white-space:nowrap">chance
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:5220px;white-space:nowrap">puts
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:5610.23px;white-space:nowrap">limitations
</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:7595.6px;white-space:nowrap">ability
</div>

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</div>

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</div>

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</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:5370.12px;white-space:nowrap">cyber
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:6440.54px;white-space:nowrap">Like
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:6820.75px;white-space:nowrap">other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:7281.04px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:7771.38px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:8121.71px;white-space:nowrap">business
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:8882.14px;white-space:nowrap">enterprises,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:5220px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:5520.23px;white-space:nowrap">Fund,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:6030.53px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:6330.76px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:7251.15px;letter-spacing:-1.1px;white-space:nowrap">manager,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:8051.66px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:8401.99px;white-space:nowrap">their
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:8802.16px;white-space:nowrap">service
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:5220px;white-space:nowrap">providers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:6010.31px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:6320.48px;white-space:nowrap">subject
</div>

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</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:7441.17px;white-space:nowrap">risk
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:7771.11px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:7971.24px;white-space:nowrap">cyber
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:8461.41px;white-space:nowrap">incidents
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:9221.84px;white-space:nowrap">occurring
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:5220px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:5630.01px;white-space:nowrap">time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:6020.07px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:6220.2px;white-space:nowrap">time.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:5220px;white-space:nowrap">Please
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:5820.38px;white-space:nowrap">see
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:6160.61px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:6460.84px;white-space:nowrap">Performance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:7541.28px;white-space:nowrap">Summary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:8361.39px;white-space:nowrap">section
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:8981.72px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:9181.85px;white-space:nowrap">this
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10698.64px;left:9511.96px;white-space:nowrap">report
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:5220px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:5480.07px;white-space:nowrap">additional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:6300.7px;white-space:nowrap">risk
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10948.64px;left:6630.64px;white-space:nowrap">disclosure.</div></div>
</div> </div></div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
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</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.95px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:0px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:370.02px;white-space:nowrap">following
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:1209.81px;white-space:nowrap">information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:2249.74px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:2449.86px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:2599.98px;white-space:nowrap">summary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:3450.41px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:3670.31px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:0px;white-space:nowrap">changes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:780.29px;white-space:nowrap">since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:1290.59px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:1610.6px;white-space:nowrap">last
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:1970.77px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:2481.06px;letter-spacing:-1.66px;white-space:nowrap">year.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:2941.52px;white-space:nowrap">This
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:3361.55px;white-space:nowrap">information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:228.64px;left:4401.47px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:0px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:329.85px;text-rendering:optimizeLegibility;white-space:nowrap">reflect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:920.13px;white-space:nowrap">all
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:1170.26px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:1390.17px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:1710.18px;white-space:nowrap">changes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:2490.47px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:2870.42px;white-space:nowrap">have
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:3330.7px;white-space:nowrap">occurred
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:478.64px;left:4150.99px;white-space:nowrap">since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:728.64px;left:0px;white-space:nowrap">you
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:728.64px;left:370.02px;white-space:nowrap">purchased
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:728.64px;left:1330.31px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:728.64px;left:1650.32px;white-space:nowrap">Fund.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:0px;white-space:nowrap">There
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:520.22px;white-space:nowrap">have
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:960.56px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1260.79px;white-space:nowrap">been
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1711.23px;white-space:nowrap">any
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2051.46px;white-space:nowrap">material
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2741.66px;white-space:nowrap">changes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3472.21px;white-space:nowrap">during
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4022.58px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4322.81px;white-space:nowrap">last
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:460.11px;letter-spacing:-1.99px;white-space:nowrap">year.</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:26.46px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:432px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:40.84px;left:0px;position:absolute;top:0px;transform:translate(36.000px,75.357px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:648px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:1001.25px;white-space:nowrap">Meeting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:2133.63px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:2461.99px;white-space:nowrap">Shareholders:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:4382.05px;white-space:nowrap">March
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:5284.34px;white-space:nowrap">10,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:5776.88px;white-space:nowrap">2025
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:6515.68px;white-space:nowrap">(unaudited)</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">36</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(80.389px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div 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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12312px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">The </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:350.24px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:960.73px;white-space:nowrap">Meeting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1651.11px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1851.24px;white-space:nowrap">Shareholders
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2971.93px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3168.81px;letter-spacing:-2px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4049.3px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4869.67px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5559.79px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6020.07px;white-space:nowrap">(the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6380.24px;white-space:nowrap">&#8220;Fund&#8221;)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7020.35px;white-space:nowrap">was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7390.46px;white-space:nowrap">held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7780.78px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7980.91px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8281.14px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8868.16px;text-rendering:optimizeLegibility;white-space:nowrap">offices,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9483.93px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:390.15px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:740.48px;white-space:nowrap">Street,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1320.73px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1690.75px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2691.56px;white-space:nowrap">Florida,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3341.78px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3592px;white-space:nowrap">March
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4142.11px;white-space:nowrap">10,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4442.34px;white-space:nowrap">2025.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4939.54px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5299.72px;white-space:nowrap">purpose
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:1020.41px;white-space:nowrap">year
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:2911.82px;white-space:nowrap">2025.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:720px;white-space:nowrap">Election
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4144.18px;left:4542.28px;white-space:nowrap">respect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4144.18px;left:5182.56px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4144.18px;left:5382.69px;white-space:nowrap">this
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4144.18px;left:5712.8px;white-space:nowrap">item.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:0px;white-space:nowrap">2. </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:720px;text-rendering:optimizeLegibility;white-space:nowrap">Ratification
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:1660.43px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:1860.56px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:2160.79px;white-space:nowrap">selection
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:2921.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:3121.35px;white-space:nowrap">PricewaterhouseCoopers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:5192.4px;letter-spacing:-0.81px;white-space:nowrap">LLP
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:5559.43px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:5799.55px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:6099.79px;white-space:nowrap">independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:7140.76px;white-space:nowrap">registered
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:7991.19px;white-space:nowrap">public
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:8511.5px;white-space:nowrap">accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:9432.16px;text-rendering:optimizeLegibility;white-space:nowrap">firm
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4574.18px;left:9782.05px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:0px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:300.23px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:760.52px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:1020.59px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:1320.82px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:1780.93px;white-space:nowrap">year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:2181.09px;white-space:nowrap">ending
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:2761.7px;white-space:nowrap">August
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:3372.1px;white-space:nowrap">31,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:4824.18px;left:3672.33px;white-space:nowrap">2025:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:0px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:360.18px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:820.46px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:1000.46px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:1300.69px;white-space:nowrap">aware
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:1840.96px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:2041.08px;white-space:nowrap">broker
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:2601.3px;white-space:nowrap">non-votes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:3441.8px;white-space:nowrap">received
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:4172.17px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:4542.28px;white-space:nowrap">respect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:5182.56px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:5382.69px;white-space:nowrap">this
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6629.72px;left:5712.8px;white-space:nowrap">item.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7059.72px;left:0px;white-space:nowrap">*</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:120.06px;white-space:nowrap">Harris
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:650.04px;white-space:nowrap">J.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:833.38px;white-space:nowrap">Ashton,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:1487.11px;white-space:nowrap">Ann
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:1857.39px;letter-spacing:-2.75px;white-space:nowrap">Torre
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:2320.93px;white-space:nowrap">Bates,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:2881.23px;letter-spacing:-1.84px;white-space:nowrap">Terrence
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:3634.98px;white-space:nowrap">J.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:3825px;white-space:nowrap">Checki</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:4375.2px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:4475.21px;white-space:nowrap">Mary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:4925.21px;white-space:nowrap">C.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:5155.22px;white-space:nowrap">Choksi,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:5805.44px;white-space:nowrap">Edith
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:6265.72px;white-space:nowrap">E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:6485.8px;letter-spacing:-1.48px;white-space:nowrap">Holiday,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:7172.75px;white-space:nowrap">David
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:7682.96px;letter-spacing:-2.23px;white-space:nowrap">W.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:7946.19px;white-space:nowrap">Niemiec</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:8596.32px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:8696.34px;white-space:nowrap">J.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:8886.36px;white-space:nowrap">Michael
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:9556.61px;white-space:nowrap">Luttig</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7059.72px;left:9996.94px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:0px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:350.33px;white-space:nowrap">Larry
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:810.44px;white-space:nowrap">D.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:1040.45px;white-space:nowrap">Thompson
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:1940.89px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:2251.05px;letter-spacing:-1.48px;white-space:nowrap">Trustees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:2987.93px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:3188.06px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:3488.29px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:3948.57px;white-space:nowrap">who
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:4328.79px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:4638.96px;white-space:nowrap">currently
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:5379.17px;white-space:nowrap">serving
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:6009.43px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:6359.77px;white-space:nowrap">whose
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:6930.09px;white-space:nowrap">terms
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:7430.1px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:7630.22px;text-rendering:optimizeLegibility;white-space:nowrap">office
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:8110.46px;white-space:nowrap">continued
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:8941.11px;white-space:nowrap">after
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7309.72px;left:9351.3px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7559.72px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7559.72px;left:610.49px;white-space:nowrap">Meeting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7559.72px;left:1300.87px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7559.72px;left:1501px;white-space:nowrap">Shareholders.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:0px;letter-spacing:-2.37px;white-space:nowrap">Term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:423.83px;white-space:nowrap">Expiring
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:1108.36px;white-space:nowrap">2028</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:3342.27px;white-space:nowrap">For</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2775.26px;left:4342.27px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2775.26px;left:4528.98px;white-space:nowrap">of</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2967.26px;left:3737.89px;white-space:nowrap">Outstanding</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:4146.33px;white-space:nowrap">Shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2775.26px;left:5422.27px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2775.26px;left:5608.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2967.26px;left:5226.33px;white-space:nowrap">Shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:5173.05px;white-space:nowrap">Present
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:6166.02px;letter-spacing:-0.18px;white-space:nowrap">Withheld</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2775.26px;left:7582.27px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2775.26px;left:7768.98px;white-space:nowrap">of</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2967.26px;left:6977.89px;white-space:nowrap">Outstanding</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:7386.33px;white-space:nowrap">Shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2775.26px;left:8662.27px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2775.26px;left:8848.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2967.26px;left:8466.33px;white-space:nowrap">Shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3159.26px;left:8413.05px;white-space:nowrap">Present
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:0px;white-space:nowrap">Gregory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:622.42px;white-space:nowrap">E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:818.05px;white-space:nowrap">Johnson</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:2811.09px;letter-spacing:-1.19px;white-space:nowrap">11,528,541</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:4137.34px;white-space:nowrap">75.98%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:5217.34px;white-space:nowrap">91.36%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:6128.2px;white-space:nowrap">1,089,863</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:7466.33px;white-space:nowrap">7.18%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3362.14px;left:8546.33px;white-space:nowrap">8.64%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:0px;white-space:nowrap">Rupert
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:524.69px;white-space:nowrap">H.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:729.14px;white-space:nowrap">Johnson,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:1422.97px;letter-spacing:-2.94px;white-space:nowrap">Jr.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:2811.09px;letter-spacing:-1.19px;white-space:nowrap">11,578,517</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:4137.34px;white-space:nowrap">76.31%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:5217.34px;white-space:nowrap">91.76%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:6128.2px;white-space:nowrap">1,039,888</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:7466.33px;white-space:nowrap">6.85%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3565.03px;left:8546.33px;white-space:nowrap">8.24%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:0px;white-space:nowrap">Constantine
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:898.36px;white-space:nowrap">D.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:1099.92px;letter-spacing:-1.36px;white-space:nowrap">Tseretopoulos</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:2811.09px;letter-spacing:-1.19px;white-space:nowrap">11,584,386</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:4137.34px;white-space:nowrap">76.35%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:5217.34px;white-space:nowrap">91.81%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:6128.2px;white-space:nowrap">1,034,018</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:7466.33px;white-space:nowrap">6.81%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3767.91px;left:8546.33px;white-space:nowrap">8.19%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5452.8px;left:3066.33px;white-space:nowrap">Shares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5644.8px;left:3167.42px;letter-spacing:-2.37px;white-space:nowrap">Voted</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5260.8px;left:4342.27px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5260.8px;left:4528.98px;white-space:nowrap">of</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5452.8px;left:3737.89px;white-space:nowrap">Outstanding</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5644.8px;left:4146.33px;white-space:nowrap">Shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5260.8px;left:5422.27px;white-space:nowrap">%
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5260.8px;left:5608.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5452.8px;left:5226.33px;white-space:nowrap">Shares</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5644.8px;left:5173.05px;white-space:nowrap">Present
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5847.68px;left:0px;white-space:nowrap">For</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5847.68px;left:2811.09px;letter-spacing:-1.19px;white-space:nowrap">11,700,274</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5847.68px;left:4149.22px;letter-spacing:-1.98px;white-space:nowrap">77.11%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5847.68px;left:5217.34px;white-space:nowrap">92.72%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6050.57px;left:0px;white-space:nowrap">Against</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6050.57px;left:3021.64px;white-space:nowrap">838,181</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6050.57px;left:4226.33px;white-space:nowrap">5.52%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6050.57px;left:5306.33px;white-space:nowrap">6.64%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6253.45px;left:0px;white-space:nowrap">Abstain</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6253.45px;left:3110.63px;white-space:nowrap">79,950</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6253.45px;left:4226.33px;white-space:nowrap">0.53%</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6253.45px;left:5306.33px;white-space:nowrap">0.63%</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:25.92px;left:0px;position:absolute;top:0px;transform:translate(54.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:421.09px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">37</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(189.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:55.43px;left:0px;position:absolute;top:0px;transform:translate(53.999px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:0px;white-space:nowrap">Dividend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:1230.64px;white-space:nowrap">Reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:3117.66px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:3692.29px;white-space:nowrap">Cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:4463.44px;white-space:nowrap">Purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:5792.7px;white-space:nowrap">Plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:6465.59px;white-space:nowrap">(unaudited)</div></div>
</div>

<div style="height:610.68px;left:0px;position:absolute;top:0px;transform:translate(54.000px,121.116px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">The </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:360.18px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:820.46px;text-rendering:optimizeLegibility;white-space:nowrap">offers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1316.78px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1466.89px;white-space:nowrap">Dividend
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2217.3px;white-space:nowrap">Reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3367.79px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3718.13px;white-space:nowrap">Cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4188.34px;white-space:nowrap">Purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4998.78px;white-space:nowrap">Plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5409.05px;white-space:nowrap">(the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5769.23px;white-space:nowrap">&#8220;Plan&#8221;)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6359.33px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6729.43px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7029.67px;white-space:nowrap">following
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7780.08px;white-space:nowrap">features:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:0px;white-space:nowrap">Shareholders
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1120.69px;white-space:nowrap">must
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1560.76px;text-rendering:optimizeLegibility;white-space:nowrap">affirmatively
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:2566.49px;white-space:nowrap">elect
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:2996.72px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:3196.85px;white-space:nowrap">participate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:4077.33px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:4267.44px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:4567.68px;white-space:nowrap">Plan.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:5027.96px;white-space:nowrap">If
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:5177.99px;white-space:nowrap">you
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:5518.21px;white-space:nowrap">decide
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:6098.64px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:6298.77px;white-space:nowrap">use
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:6638.99px;white-space:nowrap">this
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:6969.11px;white-space:nowrap">service,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:7639.28px;white-space:nowrap">share
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:8139.55px;white-space:nowrap">dividends
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:8950.08px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:9300.41px;white-space:nowrap">capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:0px;white-space:nowrap">gains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:480.32px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1490.8px;white-space:nowrap">will
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1790.77px;white-space:nowrap">be
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2041px;white-space:nowrap">reinvested
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:2487.66px;white-space:nowrap">922,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:5629.22px;white-space:nowrap">10269-0560.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6808.64px;left:6200.68px;white-space:nowrap">Administrator
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:890.68px;white-space:nowrap">time
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:1480.87px;white-space:nowrap">withdrawal
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:3511.93px;white-space:nowrap">current
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:4122.16px;white-space:nowrap">market
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:4722.28px;white-space:nowrap">price
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:5512.76px;white-space:nowrap">send
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:6103.21px;white-space:nowrap">check
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:8564.59px;white-space:nowrap">net
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:8864.82px;white-space:nowrap">proceeds.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:0px;white-space:nowrap">For
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:320.01px;white-space:nowrap">more
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:780.12px;white-space:nowrap">information,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:1770.56px;white-space:nowrap">please
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:2350.99px;white-space:nowrap">see
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:2691.21px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:2991.45px;letter-spacing:-0.46px;white-space:nowrap">Plan&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:3525.21px;letter-spacing:-3.33px;white-space:nowrap">Terms
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:4065.21px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:4235.27px;white-space:nowrap">Conditions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:5135.8px;white-space:nowrap">located
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:5766.24px;white-space:nowrap">at
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:6266.6px;white-space:nowrap">back
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:6696.83px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:6896.95px;white-space:nowrap">this
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:7227.07px;white-space:nowrap">report.</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10.67px;white-space:nowrap">Dividend
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:771.2px;letter-spacing:10.9px;white-space:nowrap">Reinvestment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1981.89px;letter-spacing:9px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:2343.25px;letter-spacing:9.6px;white-space:nowrap">Cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:2804.11px;letter-spacing:10.67px;white-space:nowrap">Purchase
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:3677.34px;letter-spacing:9.6px;white-space:nowrap">Plan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:4116.48px;letter-spacing:10.91px;white-space:nowrap">(unaudited)</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">38</div></div>
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<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(80.389px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:51.74px;left:0px;position:absolute;top:0px;transform:translate(36.000px,74.175px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">
</div> </div>

<div style="height:610.83px;left:0px;position:absolute;top:0px;transform:translate(36.000px,120.971px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12117.6px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.95px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:0px;letter-spacing:-1.1px;white-space:nowrap">Transfer
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:-21.36px;left:753.66px;white-space:nowrap">Agent</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:0px;white-space:nowrap">Equiniti
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:637.12px;letter-spacing:-1.11px;white-space:nowrap">Trust
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1090.46px;letter-spacing:-1.48px;white-space:nowrap">Company,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1947.48px;white-space:nowrap">LLC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:0px;letter-spacing:-4.64px;white-space:nowrap">P.O.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:386.89px;white-space:nowrap">Box
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:747.07px;white-space:nowrap">922,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1147.41px;letter-spacing:-1.34px;white-space:nowrap">Wall
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1540.72px;white-space:nowrap">Street
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2070.97px;white-space:nowrap">Station,</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:0px;white-space:nowrap">New </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:406.85px;letter-spacing:-2.75px;white-space:nowrap">York,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:860.45px;letter-spacing:-1.08px;white-space:nowrap">NY
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:908.64px;left:1157.26px;white-space:nowrap">10269-056</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:0px;white-space:nowrap">(800)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:470.21px;white-space:nowrap">416-5585</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:0px;letter-spacing:-0.62px;white-space:nowrap">www.equiniti.com</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:0px;white-space:nowrap">Direct
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:560.21px;white-space:nowrap">Deposit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:1270.28px;white-space:nowrap">Service
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:1960.84px;white-space:nowrap">for
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:2250.79px;white-space:nowrap">Registered
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:2088.64px;left:3231.12px;white-space:nowrap">Shareholders</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:0px;white-space:nowrap">Cash
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:470.21px;white-space:nowrap">distributions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:1480.69px;white-space:nowrap">can
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:1820.92px;white-space:nowrap">now
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2518.64px;left:2201.13px;white-space:nowrap">be
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:630.35px;white-space:nowrap">Equiniti
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:1267.47px;letter-spacing:-1.11px;white-space:nowrap">Trust
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:1720.81px;letter-spacing:-1.48px;white-space:nowrap">Company,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:2577.83px;white-space:nowrap">LLC
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:3158.17px;white-space:nowrap">(800)
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:3628.39px;white-space:nowrap">416-5585.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:5808.64px;left:0px;white-space:nowrap">Shareholder
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:5843.41px;white-space:nowrap">franklintempleton.com.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6918.64px;left:2371.11px;white-space:nowrap">dividends
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6918.64px;left:3531.97px;white-space:nowrap">shareholder
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6918.64px;left:4532.61px;white-space:nowrap">accounts,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6918.64px;left:5353.07px;white-space:nowrap">call
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6918.64px;left:5673.16px;white-space:nowrap">(800)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:6918.64px;left:6143.38px;white-space:nowrap">416-5585.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8098.64px;left:5862.83px;white-space:nowrap">(800)
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8098.64px;left:6776.54px;white-space:nowrap">BEN/342-5236.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9278.64px;left:2274.43px;white-space:nowrap">33030,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9278.64px;left:4378.97px;white-space:nowrap">33733-8030.</div></div>
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<div style="width:10080px;height:12312px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">The </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:360.18px;white-space:nowrap">name,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:910.46px;white-space:nowrap">year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1310.63px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1510.75px;white-space:nowrap">birth
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1910.92px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2261.25px;white-space:nowrap">address
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2951.63px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3151.76px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3451.99px;text-rendering:optimizeLegibility;white-space:nowrap">officers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4077.69px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4428.02px;white-space:nowrap">board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4938.4px;white-space:nowrap">members,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5788.56px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6028.68px;white-space:nowrap">well
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6388.77px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6628.89px;white-space:nowrap">their
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7029.05px;text-rendering:optimizeLegibility;white-space:nowrap">affiliations,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7925.01px;white-space:nowrap">positions
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8685.44px;white-space:nowrap">held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9075.76px;white-space:nowrap">with
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9445.87px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;letter-spacing:-0.95px;white-space:nowrap">Trust,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:503.35px;white-space:nowrap">principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1223.7px;white-space:nowrap">occupations
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2234.36px;white-space:nowrap">during
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2784.73px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2984.85px;white-space:nowrap">least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3415.08px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3715.31px;white-space:nowrap">past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4105.55px;text-rendering:optimizeLegibility;white-space:nowrap">five
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4435.66px;white-space:nowrap">years
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4925.83px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5276.16px;white-space:nowrap">number
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5936.48px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6136.61px;white-space:nowrap">U.S.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6536.69px;white-space:nowrap">registered
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7387.12px;white-space:nowrap">portfolios
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8167.5px;white-space:nowrap">overseen
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8957.99px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9148.1px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:686.95px;letter-spacing:-2px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1567.44px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1967.78px;white-space:nowrap">complex,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2738.06px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3048.22px;white-space:nowrap">shown
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3618.54px;letter-spacing:-1.42px;white-space:nowrap">below.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4178.94px;letter-spacing:-1.21px;white-space:nowrap">Generally,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5035.96px;white-space:nowrap">each
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5476.29px;white-space:nowrap">board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5986.67px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6696.83px;white-space:nowrap">serves
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7276.99px;white-space:nowrap">until
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7657.21px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8007.45px;letter-spacing:-0.36px;white-space:nowrap">person&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8734.57px;white-space:nowrap">successor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9594.84px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">elected
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:630.44px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:728.64px;left:980.77px;text-rendering:optimizeLegibility;white-space:nowrap">qualified.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1304.91px;left:0px;white-space:nowrap">Independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1304.91px;left:1518.11px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:1304.91px;left:2284.14px;white-space:nowrap">Members</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:0px;white-space:nowrap">Name,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:904.38px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:1099.84px;white-space:nowrap">Birth
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:0px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:322.97px;white-space:nowrap">Address</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:2316px;white-space:nowrap">Position</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:3632px;white-space:nowrap">Length
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:4209.66px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:4047px;white-space:nowrap">Served</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1676.06px;left:5348px;white-space:nowrap">Number
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1676.06px;left:5996.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1676.06px;left:6192.45px;white-space:nowrap">Portfolios
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1676.06px;left:6983.55px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:5348px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:5783.39px;white-space:nowrap">Complex
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:6503.55px;white-space:nowrap">Overseen
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:5348px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:5579.17px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:6085.89px;white-space:nowrap">Member</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2063.27px;left:6699.41px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:7514px;white-space:nowrap">Other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:7985.17px;white-space:nowrap">Directorships
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1868.06px;left:9061.03px;white-space:nowrap">Held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:7514px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:8073.92px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:8260.64px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:8723.06px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:9007.52px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:9389.94px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2060.06px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2356.54px;left:0px;white-space:nowrap">Harris
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2356.54px;left:506.95px;white-space:nowrap">J.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2356.54px;left:678.91px;white-space:nowrap">Ashton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2356.54px;left:1274.38px;white-space:nowrap">(1932)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:4076.69px;white-space:nowrap">1992</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:5348px;letter-spacing:-3.96px;white-space:nowrap">115</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:7514px;white-space:nowrap">Bar-S
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:7967.44px;white-space:nowrap">Foods
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:8456.58px;white-space:nowrap">(meat
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:8910.02px;white-space:nowrap">packing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2548.54px;left:7514px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2548.54px;left:8260.95px;white-space:nowrap">(1981-2010).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.03px;left:0px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.03px;left:311.41px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.03px;left:658.2px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2563.03px;left:969.61px;white-space:nowrap">Street</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2755.03px;left:0px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2755.03px;left:328.91px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2755.03px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2755.03px;left:1443.75px;white-space:nowrap">33301-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2947.03px;left:0px;white-space:nowrap">1923</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3243.51px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:0px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:604.53px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:782.42px;white-space:nowrap">various
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:1342.66px;white-space:nowrap">companies;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:2205.31px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3450px;left:2516.72px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:3156.95px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:3245.86px;letter-spacing:-0.88px;white-space:nowrap">Director,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:3886.02px;white-space:nowrap">RBC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:4268.28px;white-space:nowrap">Holdings,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:4979.77px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:5282.11px;white-space:nowrap">(bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:5726.8px;white-space:nowrap">holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:6287.27px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:7034.22px;white-space:nowrap">(until
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:7425.47px;white-space:nowrap">2002);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:7923.59px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:8235px;white-space:nowrap">President,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3450px;left:8999.84px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:0px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:738.13px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:1249.77px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:1561.17px;white-space:nowrap">Chairman
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:2299.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:2477.11px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:2743.98px;white-space:nowrap">Board,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:3259.84px;white-space:nowrap">General
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:3873.52px;white-space:nowrap">Host
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:4246.95px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:5127.42px;white-space:nowrap">(nursery
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:5758.67px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:6070.08px;white-space:nowrap">craft
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:6425.7px;white-space:nowrap">centers)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:7048.13px;white-space:nowrap">(until
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3642px;left:7439.38px;white-space:nowrap">1998).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4113.48px;left:0px;white-space:nowrap">Ann
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4113.48px;left:355.47px;letter-spacing:-1.98px;white-space:nowrap">Torre
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4113.48px;left:797.03px;white-space:nowrap">Bates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4113.48px;left:1277.27px;white-space:nowrap">(1958)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:4076.69px;white-space:nowrap">2008</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:5348px;white-space:nowrap">26</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:7514px;white-space:nowrap">Ares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:7887.44px;white-space:nowrap">Core
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:8278.69px;white-space:nowrap">Infrastructure
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4305.48px;left:7514px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4305.48px;left:7923.14px;white-space:nowrap">(closed-end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4305.48px;left:8803.61px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4497.48px;left:7514px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4497.48px;left:8492.36px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4497.48px;left:9239.31px;white-space:nowrap">(October
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4689.48px;left:7514px;white-space:nowrap">2024-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4689.48px;left:8590.25px;white-space:nowrap">Ares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4689.48px;left:8963.69px;white-space:nowrap">Strategic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4881.48px;left:7514px;white-space:nowrap">Income
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4881.48px;left:8083.14px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4881.48px;left:8492.28px;white-space:nowrap">(closed-end
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5073.48px;left:7514px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5073.48px;left:8332.13px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5073.48px;left:9310.48px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5265.48px;left:7514px;white-space:nowrap">(2022-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5265.48px;left:8643.53px;white-space:nowrap">Ares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5265.48px;left:9016.97px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5457.48px;left:7514px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5457.48px;left:8394.47px;white-space:nowrap">(specialty
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5457.48px;left:9114.7px;text-rendering:optimizeLegibility;white-space:nowrap">finance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5649.48px;left:7514px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5649.48px;left:8260.95px;white-space:nowrap">(2010-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5649.48px;left:9399.31px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5841.48px;left:7514px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5841.48px;left:8154.23px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5841.48px;left:8243.14px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5841.48px;left:8750.09px;white-space:nowrap">Natural
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5841.48px;left:9310.33px;white-space:nowrap">Foods,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6033.48px;left:7514px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6033.48px;left:7816.34px;white-space:nowrap">(food
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6033.48px;left:8225.48px;white-space:nowrap">distribution)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6033.48px;left:9096.97px;white-space:nowrap">(2013-2023)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6225.48px;left:7514px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6225.48px;left:7825.41px;white-space:nowrap">Navient
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6225.48px;left:8412.36px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6225.48px;left:9292.83px;white-space:nowrap">(loan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6417.48px;left:7514px;white-space:nowrap">management,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6417.48px;left:8536.81px;white-space:nowrap">servicing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6417.48px;left:9212.59px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6417.48px;left:9524px;white-space:nowrap">asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6609.48px;left:7514px;white-space:nowrap">recovery)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6609.48px;left:8225.25px;white-space:nowrap">(2014-2016).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4319.97px;left:0px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4319.97px;left:311.41px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4319.97px;left:658.2px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4319.97px;left:969.61px;white-space:nowrap">Street</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4511.97px;left:0px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4511.97px;left:328.91px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4511.97px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4511.97px;left:1443.75px;white-space:nowrap">33301-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4703.97px;left:0px;white-space:nowrap">1923</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7007.97px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:0px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:604.53px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:782.42px;white-space:nowrap">various
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:1342.66px;white-space:nowrap">companies;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:2205.31px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7214.45px;left:2516.72px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:3156.95px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:3245.86px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:3983.98px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:4336.8px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:5057.19px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:5368.59px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:5786.56px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:6471.33px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:7018.59px;letter-spacing:-0.72px;white-space:nowrap">NHP
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:7397.97px;white-space:nowrap">Incorporated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:8340.78px;white-space:nowrap">(manager
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:9070px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7214.45px;left:9247.89px;white-space:nowrap">multifamily
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:0px;white-space:nowrap">housing)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:658.2px;white-space:nowrap">(1995-1997);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:1618.83px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:1930.23px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:2283.05px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:3003.44px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:3311.95px;letter-spacing:-1.34px;white-space:nowrap">Treasurer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:4079.61px;white-space:nowrap">US
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:4337.5px;white-space:nowrap">Airways,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:4986.48px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:5288.83px;white-space:nowrap">(until
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7406.45px;left:5680.08px;white-space:nowrap">1995).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7877.94px;left:0px;letter-spacing:-1.32px;white-space:nowrap">Terrence
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7877.94px;left:708.52px;white-space:nowrap">J.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7877.94px;left:886.41px;white-space:nowrap">Checki
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7877.94px;left:1455.55px;white-space:nowrap">(1945)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:4076.69px;white-space:nowrap">2023</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:5348px;letter-spacing:-3.96px;white-space:nowrap">115</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:7514px;white-space:nowrap">Hess
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:7922.98px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:8803.45px;white-space:nowrap">(exploration
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:9683.92px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7877.94px;left:9861.81px;white-space:nowrap">oil
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8069.94px;left:7514px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8069.94px;left:7825.41px;white-space:nowrap">gas)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8069.94px;left:8181.11px;white-space:nowrap">(2014-present).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8084.42px;left:0px;white-space:nowrap">One
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8084.42px;left:346.88px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8084.42px;left:960.39px;white-space:nowrap">Parkway</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8276.42px;left:0px;white-space:nowrap">San
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8276.42px;left:329.14px;white-space:nowrap">Mateo,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8276.42px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8276.42px;left:1120.63px;white-space:nowrap">94403-1906</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8764.9px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:0px;white-space:nowrap">Member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:631.25px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:809.14px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:1076.02px;white-space:nowrap">Council
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:1654.06px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:1876.48px;white-space:nowrap">Foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:2463.44px;white-space:nowrap">Relations
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:3174.92px;white-space:nowrap">(1996-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:4313.28px;white-space:nowrap">Member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:4944.53px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:5122.42px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:5389.3px;white-space:nowrap">National
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:6020.78px;white-space:nowrap">Committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:6838.75px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:7061.17px;white-space:nowrap">U.S.-China
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:7888.13px;white-space:nowrap">Relations
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8971.39px;left:8599.61px;white-space:nowrap">(1999-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:0px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:631.25px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:809.14px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:1076.02px;white-space:nowrap">board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:1529.69px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:1707.58px;white-space:nowrap">trustees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:2321.17px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:2499.06px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:2765.94px;white-space:nowrap">Economic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:3512.89px;white-space:nowrap">Club
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:3886.41px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:4064.3px;white-space:nowrap">New
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:4425.94px;letter-spacing:-2.94px;white-space:nowrap">York
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:4784.69px;white-space:nowrap">(2013-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:5923.05px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:6554.3px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:6732.19px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:6999.06px;white-space:nowrap">board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:7452.73px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:7630.63px;white-space:nowrap">trustees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:8244.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:8422.11px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:8688.98px;white-space:nowrap">Foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9163.39px;left:9275.94px;white-space:nowrap">Policy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:0px;white-space:nowrap">Association
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:862.66px;white-space:nowrap">(2005-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:2001.02px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:2632.27px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:2810.16px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:3077.03px;white-space:nowrap">board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:3530.7px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:3708.59px;white-space:nowrap">directors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:4366.56px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:4544.45px;white-space:nowrap">Council
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:5122.5px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:5300.39px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:5558.44px;white-space:nowrap">Americas
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:6269.69px;white-space:nowrap">(2007-present)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:7363.59px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:7675px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:7938.98px;letter-spacing:-1.36px;white-space:nowrap">Tallberg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9355.39px;left:8543.75px;white-space:nowrap">Foundation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:0px;white-space:nowrap">(2018-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:1138.36px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9547.39px;left:1449.77px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:2090px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:2178.91px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:2917.03px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:3269.84px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:3990.23px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:4168.13px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:4435px;white-space:nowrap">Federal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:5021.95px;white-space:nowrap">Reserve
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:5662.19px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:6071.33px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:6249.22px;white-space:nowrap">New
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:6610.86px;letter-spacing:-2.94px;white-space:nowrap">York
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:6969.61px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:7281.02px;white-space:nowrap">Head
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:7707.97px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:7885.86px;white-space:nowrap">its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:8090.31px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:8819.53px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9547.39px;left:9432.97px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:0px;white-space:nowrap">Internal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:569.3px;text-rendering:optimizeLegibility;white-space:nowrap">Affairs
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:1063.75px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:1552.89px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:1864.3px;white-space:nowrap">Member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:2495.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:2673.44px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:3651.8px;white-space:nowrap">Committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:4469.77px;white-space:nowrap">(1995-2014);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:5430.39px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:5741.8px;letter-spacing:-0.32px;white-space:nowrap">Visiting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:6299.14px;white-space:nowrap">Fellow
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:6805.94px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:6983.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:7250.7px;white-space:nowrap">Council
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:7828.75px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:8051.17px;white-space:nowrap">Foreign
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:8638.13px;white-space:nowrap">Relations
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9739.39px;left:9349.61px;white-space:nowrap">(2014).</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:47.41px;left:0px;position:absolute;top:0px;transform:translate(35.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:850.91px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">40</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12901.09px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:0px;white-space:nowrap">Name,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:904.38px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:1099.84px;white-space:nowrap">Birth
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:0px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:322.97px;white-space:nowrap">Address</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:2316px;white-space:nowrap">Position</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:3632px;white-space:nowrap">Length
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:4209.66px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:4047px;white-space:nowrap">Served</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:5348px;white-space:nowrap">Number
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:5996.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:6192.45px;white-space:nowrap">Portfolios
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:6983.55px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:5348px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:5783.39px;white-space:nowrap">Complex
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:6503.55px;white-space:nowrap">Overseen
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:5348px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:5579.17px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:6085.89px;white-space:nowrap">Member</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:727.51px;left:6699.41px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:7514px;white-space:nowrap">Other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:7985.17px;white-space:nowrap">Directorships
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:9061.03px;white-space:nowrap">Held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:7514px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8073.92px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8260.64px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8723.06px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9007.52px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9389.94px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:0px;white-space:nowrap">Mary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:417.97px;white-space:nowrap">C.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:622.42px;white-space:nowrap">Choksi
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:1200.31px;white-space:nowrap">(1950)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4076.69px;white-space:nowrap">2016</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5348px;letter-spacing:-3.96px;white-space:nowrap">115</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7514px;white-space:nowrap">Omnicom
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:8242.98px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:8732.13px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:9034.47px;white-space:nowrap">(advertising
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:7514px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:7825.41px;white-space:nowrap">marketing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:8572.36px;white-space:nowrap">communications
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:7514px;white-space:nowrap">services)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:8198.53px;letter-spacing:-0.79px;white-space:nowrap">(2011-present)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:9280.56px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:9591.97px;white-space:nowrap">White
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:7514px;white-space:nowrap">Mountains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:8296.66px;white-space:nowrap">Insurance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:9043.77px;white-space:nowrap">Group,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:9577.36px;white-space:nowrap">Ltd.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:7514px;white-space:nowrap">(holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:8127.75px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:8874.7px;white-space:nowrap">(2017-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:7514px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1980.79px;left:7825.41px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:8465.64px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:8545.72px;letter-spacing:-0.58px;white-space:nowrap">Avis
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:8889.55px;white-space:nowrap">Budget
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:9441.11px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:7514px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:7816.34px;white-space:nowrap">(car
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8136.34px;white-space:nowrap">rental)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8634.31px;white-space:nowrap">(2007-2020).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:0px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:311.41px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:658.2px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:969.61px;white-space:nowrap">Street</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:0px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:328.91px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:1443.75px;white-space:nowrap">33301-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1611.27px;left:0px;white-space:nowrap">1923</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2379.27px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:0px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:604.53px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:782.42px;white-space:nowrap">various
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:1342.66px;white-space:nowrap">companies;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:2205.31px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2585.76px;left:2516.72px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:3156.95px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:3245.86px;white-space:nowrap">Founder
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:3886.25px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:4197.66px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:4695.78px;letter-spacing:-0.98px;white-space:nowrap">Advisor,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:5309.38px;white-space:nowrap">Strategic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:5985.23px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:6812.27px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:7301.41px;white-space:nowrap">(investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:8172.81px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:9151.17px;white-space:nowrap">group)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:0px;white-space:nowrap">(2015-2017);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:960.63px;white-space:nowrap">Founding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:1672.27px;white-space:nowrap">Partner
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:2241.41px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:2552.81px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:3059.77px;white-space:nowrap">Managing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:3806.95px;letter-spacing:-0.88px;white-space:nowrap">Director,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:4447.11px;white-space:nowrap">Strategic
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:5122.97px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:5950px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:6439.14px;white-space:nowrap">(1987-2015);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:7399.77px;white-space:nowrap">Founding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:8111.41px;white-space:nowrap">Partner
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:8680.55px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:8991.95px;white-space:nowrap">Managing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:0px;letter-spacing:-0.88px;white-space:nowrap">Director,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:640.16px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:1369.38px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:1982.81px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:2961.17px;white-space:nowrap">LLC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:3299.14px;white-space:nowrap">(investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:4170.55px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:5148.91px;text-rendering:optimizeLegibility;white-space:nowrap">firm)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:5513.2px;letter-spacing:-0.91px;white-space:nowrap">(1987-2011);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:6461.95px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:6773.36px;white-space:nowrap">Loan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:7173.75px;text-rendering:optimizeLegibility;white-space:nowrap">Officer/Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:8192.34px;white-space:nowrap">Loan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:8592.73px;text-rendering:optimizeLegibility;white-space:nowrap">Officer/Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:0px;white-space:nowrap">Pension
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:622.66px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:1449.69px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:1996.95px;letter-spacing:-0.48px;white-space:nowrap">World
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:2456.33px;white-space:nowrap">Bank
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:2865.47px;white-space:nowrap">Group
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:3354.61px;white-space:nowrap">(international
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:4324.06px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:4955.55px;white-space:nowrap">institution)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:5729.22px;white-space:nowrap">(1977-1987).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3633.24px;left:0px;white-space:nowrap">Edith
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3633.24px;left:444.38px;white-space:nowrap">E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3633.24px;left:640px;white-space:nowrap">Holiday
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3633.24px;left:1262.34px;white-space:nowrap">(1952)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:2316px;white-space:nowrap">Lead</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3825.24px;left:2316px;white-space:nowrap">Independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4017.24px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:3632px;letter-spacing:-0.74px;white-space:nowrap">Trustee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:4212.94px;white-space:nowrap">since</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3825.24px;left:3632px;white-space:nowrap">1996
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3825.24px;left:4032.39px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3825.24px;left:4343.8px;white-space:nowrap">Lead</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4017.24px;left:3632px;white-space:nowrap">Independent</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:3632px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4401.24px;left:3632px;white-space:nowrap">since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4401.24px;left:4049.97px;white-space:nowrap">2007</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:5348px;letter-spacing:-3.96px;white-space:nowrap">115</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:7514px;white-space:nowrap">Hess
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:7922.98px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:8803.45px;white-space:nowrap">(exploration
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:9683.92px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3633.24px;left:9861.81px;white-space:nowrap">oil
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3825.24px;left:7514px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3825.24px;left:7825.41px;white-space:nowrap">gas)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3825.24px;left:8181.11px;white-space:nowrap">(1993-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3825.24px;left:9319.47px;white-space:nowrap">Santander
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4017.24px;left:7514px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4017.24px;left:8181.03px;letter-spacing:-2.21px;white-space:nowrap">USA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4017.24px;left:8545.64px;white-space:nowrap">(holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4017.24px;left:9159.39px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:7514px;white-space:nowrap">(2019-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:8652.36px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4209.24px;left:8963.77px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:9604px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4401.24px;left:7514px;white-space:nowrap">Santander
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4401.24px;left:8296.81px;white-space:nowrap">Consumer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4401.24px;left:9079.31px;letter-spacing:-2.21px;white-space:nowrap">USA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4593.24px;left:7514px;white-space:nowrap">Holdings,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4593.24px;left:8225.48px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4593.24px;left:8527.83px;white-space:nowrap">(consumer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4593.24px;left:9328.06px;text-rendering:optimizeLegibility;white-space:nowrap">finance)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4785.24px;left:7514px;white-space:nowrap">(2016-2023),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4785.24px;left:8474.63px;white-space:nowrap">Canadian
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4785.24px;left:9204.08px;white-space:nowrap">National
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:7514px;white-space:nowrap">Railway
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:8118.61px;white-space:nowrap">(railroad)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:8803.22px;white-space:nowrap">(2001-2021),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5169.24px;left:7514px;white-space:nowrap">White
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5169.24px;left:7967.44px;white-space:nowrap">Mountains
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5169.24px;left:8750.09px;white-space:nowrap">Insurance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5169.24px;left:9497.2px;white-space:nowrap">Group,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5361.24px;left:7514px;white-space:nowrap">Ltd.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5361.24px;left:7825.33px;white-space:nowrap">(holding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5361.24px;left:8439.08px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5361.24px;left:9186.03px;white-space:nowrap">(2004-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5553.24px;left:7514px;white-space:nowrap">2021),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5553.24px;left:8012.13px;letter-spacing:-0.72px;white-space:nowrap">RTI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5553.24px;left:8311.42px;white-space:nowrap">International
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5553.24px;left:9236.5px;white-space:nowrap">Metals,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5745.24px;left:7514px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5745.24px;left:7816.34px;white-space:nowrap">(manufacture
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5745.24px;left:8803.45px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5745.24px;left:9114.86px;white-space:nowrap">distribution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5937.24px;left:7514px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5937.24px;left:7691.89px;white-space:nowrap">titanium)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5937.24px;left:8349.86px;white-space:nowrap">(1999-2015)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5937.24px;left:9266.03px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5937.24px;left:9577.44px;white-space:nowrap">H.J.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6129.24px;left:7514px;white-space:nowrap">Heinz
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6129.24px;left:7967.52px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6129.24px;left:8696.73px;white-space:nowrap">(processed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6129.24px;left:9532.67px;white-space:nowrap">foods
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6321.24px;left:7514px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6321.24px;left:7825.41px;white-space:nowrap">allied
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6321.24px;left:8243.45px;white-space:nowrap">products)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6321.24px;left:8954.86px;white-space:nowrap">(1994-2013).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.12px;left:0px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.12px;left:311.41px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.12px;left:658.2px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3842.12px;left:969.61px;white-space:nowrap">Street</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4034.12px;left:0px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4034.12px;left:328.91px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4034.12px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4034.12px;left:1443.75px;white-space:nowrap">33301-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4226.12px;left:0px;white-space:nowrap">1923</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6527.72px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:0px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:604.53px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:788.36px;letter-spacing:-0.74px;white-space:nowrap">Trustee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:1369.3px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:1547.19px;white-space:nowrap">various
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:2107.42px;white-space:nowrap">companies
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:2925.63px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:3237.03px;white-space:nowrap">trusts;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:3717.11px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6734.21px;left:4028.52px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:4668.75px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:4748.83px;white-space:nowrap">Assistant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:5442.42px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:5620.31px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:5887.19px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:6607.58px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:6785.47px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:7052.34px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:7559.3px;white-space:nowrap">States
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:8057.34px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:8368.75px;white-space:nowrap">Secretary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:9097.89px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6734.21px;left:9275.78px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:0px;white-space:nowrap">Cabinet
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:595.94px;white-space:nowrap">(1990-1993);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:1556.56px;white-space:nowrap">General
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:2170.23px;white-space:nowrap">Counsel
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:2801.72px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:2979.61px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:3246.48px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:3753.44px;white-space:nowrap">States
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:4248.59px;letter-spacing:-0.66px;white-space:nowrap">Treasury
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:4918.36px;white-space:nowrap">Department
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:5798.75px;white-space:nowrap">(1989-1990);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:6759.38px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:7070.78px;white-space:nowrap">Counselor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:7844.53px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:8022.42px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:8289.3px;white-space:nowrap">Secretary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:9018.44px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6926.21px;left:9321.02px;white-space:nowrap">Assistant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:0px;white-space:nowrap">Secretary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:729.14px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:960.31px;white-space:nowrap">Public
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:1431.72px;text-rendering:optimizeLegibility;white-space:nowrap">Affairs
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:1926.17px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:2237.58px;white-space:nowrap">Public
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:2717.81px;white-space:nowrap">Liaison-United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:3785.08px;white-space:nowrap">States
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:4280.23px;letter-spacing:-0.66px;white-space:nowrap">Treasury
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:4950px;white-space:nowrap">Department
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7118.21px;left:5830.39px;white-space:nowrap">(1988-1989).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7589.69px;left:0px;white-space:nowrap">J.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7589.69px;left:177.89px;white-space:nowrap">Michael
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7589.69px;left:809.22px;white-space:nowrap">Luttig
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7589.69px;left:1297.89px;white-space:nowrap">(1954)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7589.69px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7589.69px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7589.69px;left:4076.69px;white-space:nowrap">2009</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7589.69px;left:5348px;letter-spacing:-3.96px;white-space:nowrap">115</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7589.69px;left:7514px;white-space:nowrap">Boeing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7589.69px;left:8056.66px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7589.69px;left:8599.16px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7589.69px;left:9479.63px;white-space:nowrap">(aircraft
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7781.69px;left:7514px;text-rendering:optimizeLegibility;white-space:nowrap">financing)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7781.69px;left:8252.2px;white-space:nowrap">(2006-2010).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7796.18px;left:0px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7796.18px;left:311.41px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7796.18px;left:658.2px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7796.18px;left:969.61px;white-space:nowrap">Street</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7988.18px;left:0px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7988.18px;left:328.91px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7988.18px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7988.18px;left:1443.75px;white-space:nowrap">33301-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8180.18px;left:0px;white-space:nowrap">1923</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8668.66px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:0px;white-space:nowrap">Counselor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:773.75px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:1085.16px;white-space:nowrap">Special
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:1645.55px;white-space:nowrap">Advisor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:2223.52px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:2401.41px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:2668.28px;white-space:nowrap">CEO
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:3059.45px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:3370.86px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:3842.27px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:4020.16px;white-space:nowrap">Directors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:4704.69px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:4882.58px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:5149.45px;white-space:nowrap">Coca-Cola
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:5949.77px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:6678.98px;white-space:nowrap">(beverage
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:7443.91px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:8190.86px;white-space:nowrap">(2021-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:9329.22px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9067.15px;left:0px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:640.23px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:729.14px;white-space:nowrap">Counselor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:1502.89px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:1814.3px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:2312.42px;white-space:nowrap">Advisor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:2890.39px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:3068.28px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:3335.16px;white-space:nowrap">Chairman,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:4117.66px;white-space:nowrap">CEO,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:4553.28px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:4864.69px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:5336.09px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:5513.98px;white-space:nowrap">Directors,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:6242.97px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:6417.97px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:6738.13px;white-space:nowrap">Boeing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:7280.78px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:8010px;white-space:nowrap">(aerospace
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:8854.92px;white-space:nowrap">company),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:9646.33px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:0px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:631.25px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:809.14px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:1076.02px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:1814.14px;white-space:nowrap">Council
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:2392.19px;white-space:nowrap">(2019-2020);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:3352.81px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:4090.94px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:4443.75px;white-space:nowrap">President,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:5208.59px;white-space:nowrap">General
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:5822.27px;white-space:nowrap">Counsel
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:6453.75px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:6765.16px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:7396.41px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:7574.3px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:7841.17px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:8579.3px;white-space:nowrap">Council,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:9198.91px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:9519.06px;white-space:nowrap">Boeing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:0px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:729.22px;white-space:nowrap">(2006-2019);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:1689.84px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:2001.25px;white-space:nowrap">Federal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:2579.38px;white-space:nowrap">Appeals
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:3202.03px;white-space:nowrap">Court
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:3637.73px;white-space:nowrap">Judge,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:4162.58px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:4669.53px;white-space:nowrap">States
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:5167.58px;white-space:nowrap">Court
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:5603.28px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:5772.34px;white-space:nowrap">Appeals
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:6395px;white-space:nowrap">for
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:6626.17px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:6893.05px;white-space:nowrap">Fourth
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:7399.92px;white-space:nowrap">Circuit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:7897.73px;white-space:nowrap">(1991-2006).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9922.63px;left:0px;white-space:nowrap">David
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9922.63px;left:480.16px;letter-spacing:-2.94px;white-space:nowrap">W.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9922.63px;left:711.25px;white-space:nowrap">Niemiec
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9922.63px;left:1369.38px;white-space:nowrap">(1949)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:4076.69px;white-space:nowrap">2005</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:5348px;white-space:nowrap">26</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:7514px;white-space:nowrap">Hess
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:7922.98px;white-space:nowrap">Midstream
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:8714.23px;letter-spacing:-0.96px;white-space:nowrap">LP
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:8951.5px;white-space:nowrap">(oil
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9922.63px;left:9209.31px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10114.63px;left:7514px;white-space:nowrap">gas
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10114.63px;left:7816.42px;white-space:nowrap">midstream
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10114.63px;left:8607.67px;white-space:nowrap">infrastructure)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10306.63px;left:7514px;white-space:nowrap">(2017-present).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10129.12px;left:0px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10129.12px;left:311.41px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10129.12px;left:658.2px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10129.12px;left:969.61px;white-space:nowrap">Street</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10321.12px;left:0px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10321.12px;left:328.91px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10321.12px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10321.12px;left:1443.75px;white-space:nowrap">33301-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10513.12px;left:0px;white-space:nowrap">1923</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11001.6px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:0px;letter-spacing:-0.98px;white-space:nowrap">Advisor,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:613.59px;white-space:nowrap">Saratoga
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:1307.42px;white-space:nowrap">Partners
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:1956.56px;white-space:nowrap">(private
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:2534.53px;white-space:nowrap">equity
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:3005.94px;white-space:nowrap">fund);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:3459.53px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:11208.08px;left:3770.94px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:4411.17px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:4500.08px;white-space:nowrap">Managing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:5247.27px;letter-spacing:-0.88px;white-space:nowrap">Director,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:5887.42px;white-space:nowrap">Saratoga
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:6581.25px;white-space:nowrap">Partners
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:7230.39px;white-space:nowrap">(1998-2001)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:8146.56px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:8457.97px;white-space:nowrap">SBC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:8831.41px;letter-spacing:-0.74px;white-space:nowrap">Warburg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11208.08px;left:9483.44px;white-space:nowrap">Dillon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:0px;white-space:nowrap">Read
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:426.95px;white-space:nowrap">(investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:1298.36px;white-space:nowrap">banking)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:1956.56px;white-space:nowrap">(1997-1998);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:2917.19px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:3270px;white-space:nowrap">Chairman,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:4052.5px;white-space:nowrap">Dillon,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:4541.56px;white-space:nowrap">Read
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:4968.52px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:5119.69px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:5413.13px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:5715.47px;white-space:nowrap">(investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:6586.88px;white-space:nowrap">banking)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:7245.08px;white-space:nowrap">(1991-1997);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:8205.7px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:8517.11px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11400.08px;left:8935.08px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11592.08px;left:0px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11592.08px;left:547.27px;white-space:nowrap">Dillon,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11592.08px;left:1036.33px;white-space:nowrap">Read
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11592.08px;left:1463.28px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11592.08px;left:1614.45px;white-space:nowrap">Co.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11592.08px;left:1907.89px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11592.08px;left:2210.23px;white-space:nowrap">(1982-1997).</div></div>
</div>

<div style="height:23.01px;left:0px;position:absolute;top:0px;transform:translate(35.999px,80.695px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:189.29px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1518.11px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2284.14px;white-space:nowrap">Members
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:53.82px;left:3439.92px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:51.66px;left:0px;position:absolute;top:0px;transform:translate(54.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:936px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">41</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(189.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12816px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:6363.03px;left:0px;white-space:nowrap">Interested
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:6363.03px;left:1228.53px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:6363.03px;left:1994.56px;white-space:nowrap">Members
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:6363.03px;left:3150.34px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:6363.03px;left:3656.38px;text-rendering:optimizeLegibility;white-space:nowrap">Officers</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:0px;white-space:nowrap">Name,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:904.38px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:1099.84px;white-space:nowrap">Birth</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:0px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:322.97px;white-space:nowrap">Address</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:2316px;white-space:nowrap">Position</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:3632px;white-space:nowrap">Length
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:4209.66px;white-space:nowrap">of</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:4047px;white-space:nowrap">Served</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:5348px;white-space:nowrap">Number
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:5996.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:6192.45px;white-space:nowrap">Portfolios
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:6983.55px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:5348px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:5783.39px;white-space:nowrap">Complex
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:6503.55px;white-space:nowrap">Overseen
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:5348px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:5579.17px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:6085.89px;white-space:nowrap">Member</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:727.51px;left:6699.41px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:7514px;white-space:nowrap">Other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:7985.17px;white-space:nowrap">Directorships
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:9061.03px;white-space:nowrap">Held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:7514px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8073.92px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8260.64px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8723.06px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9007.52px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9389.94px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:0px;white-space:nowrap">Larry
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:444.69px;white-space:nowrap">D.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:649.14px;white-space:nowrap">Thompson
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:1511.25px;white-space:nowrap">(1945)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4076.69px;white-space:nowrap">2005</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5348px;letter-spacing:-3.96px;white-space:nowrap">115</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7514px;white-space:nowrap">Graham
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:8136.42px;white-space:nowrap">Holdings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:8803.45px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:7514px;white-space:nowrap">(education
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:8305.64px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:8617.05px;white-space:nowrap">media
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:9097.28px;white-space:nowrap">organization)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:7514px;letter-spacing:-0.91px;white-space:nowrap">(2011-2021);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:8459.86px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:8780.02px;white-space:nowrap">Southern
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:7514px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:8243.22px;white-space:nowrap">(energy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:8830.17px;white-space:nowrap">company)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:7514px;white-space:nowrap">(2014-2020;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:8421.34px;white-space:nowrap">previously
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:9186.11px;white-space:nowrap">2010-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:7514px;white-space:nowrap">2012)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:7967.67px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:8279.08px;white-space:nowrap">Cbeyond,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:9008.45px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:9310.8px;white-space:nowrap">(business
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:7514px;white-space:nowrap">communications
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8714.47px;white-space:nowrap">provider)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:9390.25px;white-space:nowrap">(2010-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2364.79px;left:7514px;white-space:nowrap">2012).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:0px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:311.41px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:658.2px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:969.61px;white-space:nowrap">Street</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:0px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:328.91px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:1443.75px;white-space:nowrap">33301-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1611.27px;left:0px;white-space:nowrap">1923</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2571.27px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:0px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:604.53px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:782.42px;white-space:nowrap">various
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:1342.66px;white-space:nowrap">companies;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:2205.31px;white-space:nowrap">Counsel,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:2881.25px;white-space:nowrap">Finch
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:3316.95px;white-space:nowrap">McCranie,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:4090.47px;letter-spacing:-0.72px;white-space:nowrap">LLP
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:4416.72px;white-space:nowrap">(law
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:4754.53px;text-rendering:optimizeLegibility;white-space:nowrap">firm)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:5118.83px;white-space:nowrap">(2015-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:6257.19px;white-space:nowrap">John
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:6639.77px;white-space:nowrap">A.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:6835.39px;white-space:nowrap">Sibley
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:7315.63px;white-space:nowrap">Professor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:8044.77px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:8222.66px;white-space:nowrap">Corporate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:8978.59px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2777.76px;left:9290px;white-space:nowrap">Business
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:0px;letter-spacing:-1.77px;white-space:nowrap">Law,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:373.59px;white-space:nowrap">University
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:1120.39px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:1298.28px;white-space:nowrap">Georgia
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:1911.95px;white-space:nowrap">School
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:2445.63px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:2623.52px;white-space:nowrap">Law
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:2961.48px;white-space:nowrap">(2015-present;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:4046.56px;white-space:nowrap">previously
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:4811.33px;letter-spacing:-0.99px;white-space:nowrap">2011-2012);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:5706.8px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2969.76px;left:6018.2px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:6658.44px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:6747.34px;white-space:nowrap">Independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:7681.56px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:8570.86px;white-space:nowrap">Monitor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:9148.83px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2969.76px;left:9451.41px;letter-spacing:-0.98px;white-space:nowrap">Auditor,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Volkswagen
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:889.53px;white-space:nowrap">AG
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:1165.16px;white-space:nowrap">(manufacturer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:2205.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:2383.44px;white-space:nowrap">automobiles
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:3290.63px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:3602.03px;white-space:nowrap">commercial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:4464.38px;white-space:nowrap">vehicles)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:5140.16px;white-space:nowrap">(2017-2020);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:6100.78px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:6838.91px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:7191.72px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:7912.11px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:8009.84px;white-space:nowrap">Government
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:8925.86px;text-rendering:optimizeLegibility;white-space:nowrap">Affairs,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3161.76px;left:9464.77px;white-space:nowrap">General
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:0px;white-space:nowrap">Counsel
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:631.48px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:942.89px;white-space:nowrap">Corporate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:1698.83px;letter-spacing:-1.08px;white-space:nowrap">Secretary,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:2460.55px;white-space:nowrap">PepsiCo,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:3154.22px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:3456.56px;white-space:nowrap">(consumer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:4256.8px;white-space:nowrap">products)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:4968.2px;white-space:nowrap">(2012-2014);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:5928.83px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:6435.78px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:6788.59px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:7508.98px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:7606.72px;white-space:nowrap">Government
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:8522.73px;text-rendering:optimizeLegibility;white-space:nowrap">Affairs,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:9061.64px;white-space:nowrap">General
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:0px;white-space:nowrap">Counsel
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:631.48px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:942.89px;letter-spacing:-1.08px;white-space:nowrap">Secretary,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:1704.61px;white-space:nowrap">PepsiCo,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:2398.28px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:2700.63px;letter-spacing:-0.91px;white-space:nowrap">(2004-2011);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:3649.38px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:4156.33px;white-space:nowrap">Fellow
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:4663.13px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:4838.13px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:5158.28px;white-space:nowrap">Brookings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:5914.22px;white-space:nowrap">Institution
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:6643.52px;white-space:nowrap">(2003-2004);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:7604.14px;letter-spacing:-0.32px;white-space:nowrap">Visiting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:8161.48px;letter-spacing:-0.8px;white-space:nowrap">Professor,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:8926.25px;white-space:nowrap">University
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:9673.05px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:0px;white-space:nowrap">Georgia
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:613.67px;white-space:nowrap">School
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:1147.34px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:1325.23px;white-space:nowrap">Law
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:1663.2px;white-space:nowrap">(2004);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:2214.61px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:2526.02px;white-space:nowrap">Deputy
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:3068.59px;white-space:nowrap">Attorney
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:3708.91px;white-space:nowrap">General,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:4367.03px;white-space:nowrap">U.S.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:4722.66px;white-space:nowrap">Department
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:5603.05px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:5780.94px;white-space:nowrap">Justice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3737.76px;left:6323.36px;white-space:nowrap">(2001-2003).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4209.24px;left:0px;white-space:nowrap">Constantine
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4209.24px;left:968.91px;white-space:nowrap">D.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4209.24px;left:1173.36px;letter-spacing:-0.91px;white-space:nowrap">Tseretopoulos</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4401.24px;left:0px;white-space:nowrap">(1954)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:4076.69px;white-space:nowrap">1999</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:5348px;white-space:nowrap">17</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4209.24px;left:7514px;white-space:nowrap">None</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4607.72px;left:0px;white-space:nowrap">300
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4607.72px;left:311.41px;white-space:nowrap">S.E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4607.72px;left:658.2px;white-space:nowrap">2nd
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4607.72px;left:969.61px;white-space:nowrap">Street</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4799.72px;left:0px;white-space:nowrap">Fort
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4799.72px;left:328.91px;white-space:nowrap">Lauderdale,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4799.72px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4799.72px;left:1443.75px;white-space:nowrap">33301-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4991.72px;left:0px;white-space:nowrap">1923</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5288.21px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:0px;white-space:nowrap">Physician,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:773.67px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:1191.64px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:1369.53px;text-rendering:optimizeLegibility;white-space:nowrap">Staff,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:1784.06px;white-space:nowrap">owner
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:2264.3px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:2575.7px;white-space:nowrap">operator
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:3216.09px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:3393.98px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:3660.86px;letter-spacing:-0.85px;white-space:nowrap">Lyford
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:4144.06px;white-space:nowrap">Cay
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:4473.05px;white-space:nowrap">Hospital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:5095.55px;white-space:nowrap">(1987-present);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:6233.91px;white-space:nowrap">director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:6811.88px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:6989.77px;white-space:nowrap">various
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:7550px;text-rendering:optimizeLegibility;white-space:nowrap">nonprofit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:8217.11px;white-space:nowrap">organizations;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5494.69px;left:9257.73px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5686.69px;left:0px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:640.23px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:729.14px;white-space:nowrap">Cardiology
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:1538.44px;letter-spacing:-1.1px;white-space:nowrap">Fellow,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:2080.86px;white-space:nowrap">University
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:2827.66px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:3005.55px;white-space:nowrap">Maryland
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:3708.05px;white-space:nowrap">(1985-1987);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:4668.67px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:4980.08px;white-space:nowrap">Internal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:5558.2px;white-space:nowrap">Medicine
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:6242.97px;white-space:nowrap">Resident,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:6963.36px;white-space:nowrap">Greater
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:7550.23px;white-space:nowrap">Baltimore
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:8270.47px;white-space:nowrap">Medical
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:8866.25px;white-space:nowrap">Center
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5686.69px;left:9390.94px;white-space:nowrap">(1982-</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:0px;white-space:nowrap">1985).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:0px;white-space:nowrap">Name,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:904.38px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:1099.84px;white-space:nowrap">Birth</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:0px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:322.97px;white-space:nowrap">Address</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:2316px;white-space:nowrap">Position</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:3632px;white-space:nowrap">Length
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:4209.66px;white-space:nowrap">of</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:4047px;white-space:nowrap">Served</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6734.18px;left:5348px;white-space:nowrap">Number
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6734.18px;left:5996.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6734.18px;left:6192.45px;white-space:nowrap">Portfolios
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6734.18px;left:6983.55px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:5348px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:5783.39px;white-space:nowrap">Complex
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:6503.55px;white-space:nowrap">Overseen
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:5348px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:5579.17px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:6085.89px;white-space:nowrap">Member</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:7121.39px;left:6699.41px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:7514px;white-space:nowrap">Other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:7985.17px;white-space:nowrap">Directorships
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6926.18px;left:9061.03px;white-space:nowrap">Held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:7514px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:8073.92px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:8260.64px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:8723.06px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:9007.52px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:9389.94px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7118.18px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7414.66px;left:0px;white-space:nowrap">Gregory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7414.66px;left:666.88px;white-space:nowrap">E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7414.66px;left:862.5px;white-space:nowrap">Johnson</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:7417.87px;left:1529.14px;white-space:nowrap">2</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7606.66px;left:0px;white-space:nowrap">(1961)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7414.66px;left:2316px;white-space:nowrap">Chairman
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7414.66px;left:3054.05px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7414.66px;left:3231.94px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7606.66px;left:2316px;white-space:nowrap">Board,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7606.66px;left:2831.86px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7798.66px;left:2316px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7990.66px;left:2316px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7990.66px;left:2624.52px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7414.66px;left:3632px;white-space:nowrap">Chairman
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7414.66px;left:4370.05px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7414.66px;left:4547.94px;white-space:nowrap">the</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7606.66px;left:3632px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7606.66px;left:4103.41px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7606.66px;left:4414.81px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7798.66px;left:3632px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7798.66px;left:4352.39px;white-space:nowrap">since</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7990.66px;left:3632px;white-space:nowrap">2023
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7990.66px;left:4032.39px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7990.66px;left:4340.91px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8182.66px;left:3632px;white-space:nowrap">since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8182.66px;left:4049.97px;white-space:nowrap">2007</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7414.66px;left:5348px;white-space:nowrap">124</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7414.66px;left:7514px;white-space:nowrap">None</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:0px;white-space:nowrap">One
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:346.88px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:960.39px;white-space:nowrap">Parkway</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8005.15px;left:0px;white-space:nowrap">San
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8005.15px;left:329.14px;white-space:nowrap">Mateo,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8005.15px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8005.15px;left:1120.63px;white-space:nowrap">94403-1906</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8581.15px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:0px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:738.13px;white-space:nowrap">Chairman,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:1520.63px;white-space:nowrap">Chairman
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:2258.67px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:2436.56px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:2703.44px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:3174.84px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:3486.25px;letter-spacing:-0.88px;white-space:nowrap">Director,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:4126.41px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:4739.92px;white-space:nowrap">Resources,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:5593.59px;white-space:nowrap">Inc.;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:5940.39px;text-rendering:optimizeLegibility;white-space:nowrap">officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:6416.56px;white-space:nowrap">and/or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:6914.69px;white-space:nowrap">director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:7492.66px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:7679.38px;white-space:nowrap">trustee,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:8257.42px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:8470.86px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:8737.73px;white-space:nowrap">case
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:9120.16px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8787.63px;left:9466.88px;white-space:nowrap">be,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:0px;white-space:nowrap">of </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:177.89px;white-space:nowrap">some
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:613.59px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:791.48px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:1058.36px;white-space:nowrap">other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:1467.5px;white-space:nowrap">subsidiaries
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:2356.8px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:2534.69px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:3148.2px;white-space:nowrap">Resources,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:4001.88px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:4304.22px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:4615.63px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:4793.52px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:5318.2px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:5754.06px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:5923.05px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:6189.92px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:6800.55px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:7583.2px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:7939.06px;white-space:nowrap">complex;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:8623.75px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8979.63px;left:8976.56px;white-space:nowrap">Chairman,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:0px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:827.03px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:1556.25px;white-space:nowrap">Institute;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:2205.47px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9171.63px;left:2516.88px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:3157.11px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:3246.02px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:3663.98px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:4402.11px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:4913.75px;white-space:nowrap">(2013-2020)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:5829.92px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:6141.33px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:6861.72px;white-space:nowrap">(1994-2015)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:7777.89px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:8391.41px;white-space:nowrap">Resources,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9171.63px;left:9245.08px;white-space:nowrap">Inc.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9643.12px;left:0px;white-space:nowrap">Rupert
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9643.12px;left:560px;white-space:nowrap">H.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9643.12px;left:764.45px;white-space:nowrap">Johnson,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9643.12px;left:1520px;letter-spacing:-2.94px;white-space:nowrap">Jr.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:9646.33px;left:1706.88px;white-space:nowrap">3</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9835.12px;left:0px;white-space:nowrap">(1940)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9643.12px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9643.12px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9643.12px;left:4076.69px;white-space:nowrap">2013</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9643.12px;left:5348px;letter-spacing:-3.96px;white-space:nowrap">115</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9643.12px;left:7514px;white-space:nowrap">None</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10041.6px;left:0px;white-space:nowrap">One
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10041.6px;left:346.88px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10041.6px;left:960.39px;white-space:nowrap">Parkway</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10233.6px;left:0px;white-space:nowrap">San
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10233.6px;left:329.14px;white-space:nowrap">Mateo,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10233.6px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10233.6px;left:1120.63px;white-space:nowrap">94403-1906</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10530.08px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:0px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:604.53px;letter-spacing:-0.48px;white-space:nowrap">(Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:1010.63px;white-space:nowrap">Chairman),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:1846.41px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:2459.92px;white-space:nowrap">Resources,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:3313.59px;white-space:nowrap">Inc.;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:3660.39px;letter-spacing:-0.88px;white-space:nowrap">Director,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:4300.55px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:4905.23px;white-space:nowrap">Advisers,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:5607.66px;white-space:nowrap">Inc.;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:5954.45px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:6265.86px;text-rendering:optimizeLegibility;white-space:nowrap">officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:6742.03px;white-space:nowrap">and/or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:7240.16px;white-space:nowrap">director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:7818.13px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:8004.84px;white-space:nowrap">trustee,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:8582.89px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:8796.33px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:9063.2px;white-space:nowrap">case
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:9445.63px;white-space:nowrap">may
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10736.57px;left:9792.34px;white-space:nowrap">be,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:0px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:177.89px;white-space:nowrap">some
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:613.59px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:791.48px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:1058.36px;white-space:nowrap">other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:1467.5px;white-space:nowrap">subsidiaries
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:2356.8px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:2534.69px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:3148.2px;white-space:nowrap">Resources,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:4001.88px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:4304.22px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:4615.63px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:4793.52px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:5318.2px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:5754.06px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:5923.05px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:6189.92px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:6800.55px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:7583.2px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10928.57px;left:7939.06px;white-space:nowrap">complex.</div></div>
</div>

<div style="height:23.01px;left:0px;position:absolute;top:0px;transform:translate(53.999px,84.950px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:189.29px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1518.11px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2284.14px;white-space:nowrap">Members
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:53.82px;left:3439.92px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:47.41px;left:0px;position:absolute;top:0px;transform:translate(35.999px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:850.91px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(36.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">42</div></div>
</div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(80.389px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="background-image:url(data:image/png;base64,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rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12901.09px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:0px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:313.59px;white-space:nowrap">1:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:459.53px;white-space:nowrap">Rupert
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:889.77px;white-space:nowrap">H.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:1057.42px;white-space:nowrap">Johnson,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:1626.48px;letter-spacing:-1.8px;white-space:nowrap">Jr.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:1801.56px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:1932.81px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:2151.72px;white-space:nowrap">uncle
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:2501.88px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:2647.81px;white-space:nowrap">Gregory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:3158.28px;white-space:nowrap">E.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11351.57px;left:3318.75px;white-space:nowrap">Johnson.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:0px;white-space:nowrap">Note
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:313.59px;white-space:nowrap">2:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:459.53px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:882.5px;white-space:nowrap">information
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:1568.05px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:1699.3px;white-space:nowrap">current
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:2144.14px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:2319.22px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:2465.16px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:2684.06px;white-space:nowrap">date
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:2975.94px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:3121.88px;white-space:nowrap">this
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11543.57px;left:3362.58px;white-space:nowrap">report.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12503.57px;left:7929.14px;text-rendering:optimizeLegibility;white-space:nowrap">officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12503.57px;left:8322.97px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12503.57px;left:8578.36px;white-space:nowrap">director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12503.57px;left:9052.34px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12503.57px;left:9307.73px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12503.57px;left:9417.19px;white-space:nowrap">major
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:0px;white-space:nowrap">shareholder
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:729.38px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:875.31px;white-space:nowrap">Resources,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:1575.39px;white-space:nowrap">which
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:1947.27px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:2078.52px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:2297.42px;white-space:nowrap">parent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:2705.94px;white-space:nowrap">company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:3274.84px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:3420.78px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:3639.69px;white-space:nowrap">Fund&#39;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:4066.02px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:4737.03px;white-space:nowrap">manager
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:5291.33px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:12695.57px;left:5546.72px;letter-spacing:-0.6px;white-space:nowrap">distributor.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:0px;white-space:nowrap">Name,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:904.38px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:1099.84px;white-space:nowrap">Birth</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:0px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:322.97px;white-space:nowrap">Address</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:2316px;white-space:nowrap">Position</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:3632px;white-space:nowrap">Length
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:4209.66px;white-space:nowrap">of</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:4047px;white-space:nowrap">Served</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:5348px;white-space:nowrap">Number
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:5996.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:6192.45px;white-space:nowrap">Portfolios
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:340.3px;left:6983.55px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:5348px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:5783.39px;white-space:nowrap">Complex
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:6503.55px;white-space:nowrap">Overseen
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:5348px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:5579.17px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:6085.89px;white-space:nowrap">Member</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:727.51px;left:6699.41px;white-space:nowrap">1</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:7514px;white-space:nowrap">Other
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:7985.17px;white-space:nowrap">Directorships
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:532.3px;left:9061.03px;white-space:nowrap">Held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:7514px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8073.92px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8260.64px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:8723.06px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9007.52px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9389.94px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:724.3px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:0px;white-space:nowrap">Bjorn
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:456.25px;white-space:nowrap">A.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:660.7px;white-space:nowrap">Davis
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1020.79px;left:1132.11px;white-space:nowrap">(1965)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:2316px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:2316px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:2316px;text-rendering:optimizeLegibility;white-space:nowrap">Officer</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4076.69px;white-space:nowrap">October
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4690.28px;white-space:nowrap">2024</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5348px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5632.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7514px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7798.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:0px;white-space:nowrap">100
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:311.41px;white-space:nowrap">First
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:666.88px;white-space:nowrap">Stamford
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:1360.47px;white-space:nowrap">Place</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:0px;white-space:nowrap">Stamford,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:738.05px;letter-spacing:-0.96px;white-space:nowrap">CT
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:992.89px;white-space:nowrap">06902</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:1803.27px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:0px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:352.81px;white-space:nowrap">President,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:1117.66px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:1728.28px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:2510.94px;white-space:nowrap">Global
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:3017.89px;white-space:nowrap">Regulatory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:3836.09px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:4725.39px;white-space:nowrap">US
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:4983.28px;white-space:nowrap">Advisory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:5641.25px;white-space:nowrap">Services;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:6343.67px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:6761.64px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:7650.94px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:8198.2px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:8802.89px;white-space:nowrap">Advisers,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2009.76px;left:9505.31px;white-space:nowrap">Inc.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:0px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:613.52px;white-space:nowrap">Mutual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:1129.38px;white-space:nowrap">Advisers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:1787.34px;white-space:nowrap">LLC,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:2169.77px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:2780.39px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:3563.05px;white-space:nowrap">Institutional
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:4416.88px;white-space:nowrap">LLC,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:4796.41px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:5579.06px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:6406.09px;white-space:nowrap">Counsel
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:7037.58px;white-space:nowrap">LLC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:7375.55px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:7684.06px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:8466.72px;white-space:nowrap">Global
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:8964.84px;white-space:nowrap">Advisors
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:0px;white-space:nowrap">Limited
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:560.23px;white-space:nowrap">(since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:1031.48px;white-space:nowrap">2023);
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:2393.76px;left:1529.61px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:2169.84px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:2258.75px;letter-spacing:-0.88px;white-space:nowrap">Director,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:2898.91px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:3509.53px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:4292.19px;white-space:nowrap">Global
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:4799.14px;white-space:nowrap">Regulatory
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:5617.34px;white-space:nowrap">Compliance;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:6551.09px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:6969.06px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:7858.36px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:8405.63px;white-space:nowrap">K2
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:8636.95px;white-space:nowrap">Advisors,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:9339.38px;white-space:nowrap">LLC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:9677.34px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:0px;white-space:nowrap">K2/D&amp;S
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:613.59px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:1591.95px;white-space:nowrap">Co.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:1929.84px;white-space:nowrap">LLC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:2267.81px;letter-spacing:-1.98px;white-space:nowrap">(2011
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:2709.61px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:2585.76px;left:2807.34px;white-space:nowrap">2023).</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3057.24px;left:0px;white-space:nowrap">Susan
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3057.24px;left:524.61px;white-space:nowrap">Kerr
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3057.24px;left:898.13px;white-space:nowrap">(1949)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:2316px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:2668.81px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:3389.2px;white-space:nowrap">&#8211;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3249.24px;left:2316px;letter-spacing:-1.48px;white-space:nowrap">AML
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3249.24px;left:2683.5px;white-space:nowrap">Compliance</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:4076.69px;white-space:nowrap">2021</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:5348px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:5632.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:7514px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:7798.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3263.72px;left:0px;white-space:nowrap">One
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3263.72px;left:346.88px;white-space:nowrap">Madison
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3263.72px;left:987.27px;letter-spacing:-0.41px;white-space:nowrap">Avenue
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3455.72px;left:0px;white-space:nowrap">New
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3455.72px;left:361.64px;letter-spacing:-2.45px;white-space:nowrap">York,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3455.72px;left:764.84px;letter-spacing:-0.96px;white-space:nowrap">NY
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3455.72px;left:1028.67px;white-space:nowrap">10010</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:3752.21px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:0px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:506.95px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:1387.42px;white-space:nowrap">Analyst,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:2001.02px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:2611.64px;letter-spacing:-1.61px;white-space:nowrap">Templeton;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:3438.75px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:3847.89px;white-space:nowrap">Anti-Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:4701.56px;white-space:nowrap">Laundering
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:5546.72px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:6436.02px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:6983.28px;white-space:nowrap">Legg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:7383.67px;white-space:nowrap">Mason
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:7908.36px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:8059.53px;white-space:nowrap">Co.,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:8397.42px;white-space:nowrap">or
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:8584.14px;white-space:nowrap">its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:8788.59px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:9451.64px;white-space:nowrap">Anti
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:0px;white-space:nowrap">Money
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:524.69px;white-space:nowrap">Laundering
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:1369.84px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:2259.14px;text-rendering:optimizeLegibility;white-space:nowrap">Officer;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:2815.23px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:3322.19px;white-space:nowrap">Compliance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:4211.48px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:4758.75px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:5372.27px;white-space:nowrap">Distributors,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:6270.23px;white-space:nowrap">LLC;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:6652.66px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:6964.06px;text-rendering:optimizeLegibility;white-space:nowrap">officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:7440.23px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:7618.13px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:8142.81px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:8578.67px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:8747.66px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4150.69px;left:9014.53px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4342.69px;left:0px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4342.69px;left:782.66px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4342.69px;left:1138.52px;white-space:nowrap">complex.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4814.18px;left:0px;white-space:nowrap">Christopher
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4814.18px;left:951.17px;white-space:nowrap">Kings
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:4814.18px;left:1440.08px;white-space:nowrap">(1974)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:2316px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:2733.97px;white-space:nowrap">Executive</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5006.18px;left:2316px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5006.18px;left:2827.64px;white-space:nowrap">-
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5006.18px;left:2925.38px;white-space:nowrap">Finance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5198.18px;left:2316px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5198.18px;left:2618.25px;letter-spacing:0px;white-space:nowrap">Administration</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:4076.69px;white-space:nowrap">2024</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:5348px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:5632.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:7514px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:7798.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5020.66px;left:0px;white-space:nowrap">One
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5020.66px;left:346.88px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5020.66px;left:960.39px;white-space:nowrap">Parkway</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5212.66px;left:0px;white-space:nowrap">San
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5212.66px;left:329.14px;white-space:nowrap">Mateo,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5212.66px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5212.66px;left:1120.63px;white-space:nowrap">94403-1906</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:5596.66px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:0px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:506.95px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:859.77px;white-space:nowrap">President,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:1624.61px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:2235.23px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:3017.89px;white-space:nowrap">Services,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:3720.31px;white-space:nowrap">LLC;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:4102.73px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:4414.14px;text-rendering:optimizeLegibility;white-space:nowrap">officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:4890.31px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:5068.2px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:5592.89px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:6028.75px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:6197.73px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:6464.61px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:7075.23px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:7857.89px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:5803.15px;left:8213.75px;white-space:nowrap">complex.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6274.63px;left:0px;white-space:nowrap">Manraj
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6274.63px;left:560.16px;white-space:nowrap">S.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6274.63px;left:755.78px;white-space:nowrap">Sekhon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:6274.63px;left:1378.13px;white-space:nowrap">(1969)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6274.63px;left:2316px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6274.63px;left:3036.39px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6466.63px;left:2316px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6466.63px;left:2733.97px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6658.63px;left:2316px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6658.63px;left:2827.64px;white-space:nowrap">&#8211;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6850.63px;left:2316px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7042.63px;left:2316px;white-space:nowrap">Management</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6274.63px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6274.63px;left:4076.69px;white-space:nowrap">2018</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6274.63px;left:5348px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6274.63px;left:5632.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6274.63px;left:7514px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6274.63px;left:7798.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6481.12px;left:0px;white-space:nowrap">7 </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6481.12px;left:130.55px;letter-spacing:-2.22px;white-space:nowrap">Temasek
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6481.12px;left:815.23px;white-space:nowrap">Blvd.,</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6673.12px;left:0px;white-space:nowrap">Suntec
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6673.12px;left:539.69px;letter-spacing:-2.96px;white-space:nowrap">Tower
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6673.12px;left:1010.94px;white-space:nowrap">1,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6673.12px;left:1188.83px;white-space:nowrap">#38-03</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6865.12px;left:0px;white-space:nowrap">Singapore
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:6865.12px;left:773.91px;white-space:nowrap">038987</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:7441.12px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:0px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:417.97px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:1245px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:1792.27px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:2402.89px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:3185.55px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:3914.77px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:4528.2px;white-space:nowrap">Equity;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:5061.8px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:5373.2px;text-rendering:optimizeLegibility;white-space:nowrap">officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:5849.38px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:6027.27px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:6551.95px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:6987.81px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:7156.8px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:7423.67px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:8034.3px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:8816.95px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:7647.6px;left:9172.81px;white-space:nowrap">complex.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8119.08px;left:0px;white-space:nowrap">Navid
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8119.08px;left:480.16px;white-space:nowrap">J.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8119.08px;left:658.05px;text-rendering:optimizeLegibility;letter-spacing:-1.08px;white-space:nowrap">Tofigh
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8119.08px;left:1179.3px;white-space:nowrap">(1972)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:2316px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:2668.81px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8311.08px;left:2316px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8311.08px;left:2627.41px;white-space:nowrap">Secretary</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:3984.81px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:4705.2px;white-space:nowrap">since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8311.08px;left:3632px;white-space:nowrap">2015
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8311.08px;left:4032.39px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8311.08px;left:4343.8px;white-space:nowrap">Secretary
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8503.08px;left:3632px;white-space:nowrap">since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8503.08px;left:4049.97px;white-space:nowrap">2023</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:5348px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:5632.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:7514px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8119.08px;left:7798.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8325.57px;left:0px;white-space:nowrap">One
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8325.57px;left:346.88px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8325.57px;left:960.39px;white-space:nowrap">Parkway</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8517.57px;left:0px;white-space:nowrap">San
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8517.57px;left:329.14px;white-space:nowrap">Mateo,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8517.57px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:8517.57px;left:1120.63px;white-space:nowrap">94403-1906</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:8814.05px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:0px;white-space:nowrap">Senior
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:498.13px;white-space:nowrap">Associate
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:1236.25px;white-space:nowrap">General
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:1849.92px;white-space:nowrap">Counsel,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:2525.86px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:3136.48px;letter-spacing:-1.61px;white-space:nowrap">Templeton;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:3963.59px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:4275px;text-rendering:optimizeLegibility;white-space:nowrap">officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:4751.17px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:4929.06px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:5453.75px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:5889.61px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:6058.59px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:6325.47px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:6936.09px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:7718.75px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9020.54px;left:8074.61px;white-space:nowrap">complex.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9492.02px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Jeffrey
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9492.02px;left:565.31px;letter-spacing:-2.94px;white-space:nowrap">W.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9492.02px;left:796.41px;white-space:nowrap">White
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9492.02px;left:1276.33px;white-space:nowrap">(1971)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9492.02px;left:2316px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9492.02px;left:2733.97px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9684.02px;left:2316px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9684.02px;left:2863.27px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9876.02px;left:2316px;white-space:nowrap">Accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9876.02px;left:3152.09px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10068.02px;left:2316px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10068.02px;left:2624.52px;letter-spacing:-0.66px;white-space:nowrap">Treasurer</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9492.02px;left:3632px;white-space:nowrap">Since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9492.02px;left:4076.69px;white-space:nowrap">2024</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9492.02px;left:5348px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9492.02px;left:5632.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9492.02px;left:7514px;white-space:nowrap">Not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9492.02px;left:7798.61px;white-space:nowrap">Applicable</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9698.51px;left:0px;white-space:nowrap">One
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9698.51px;left:346.88px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9698.51px;left:960.39px;white-space:nowrap">Parkway</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9890.51px;left:0px;white-space:nowrap">San
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9890.51px;left:329.14px;white-space:nowrap">Mateo,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9890.51px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:9890.51px;left:1120.63px;white-space:nowrap">94403-1906</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:0px;white-space:nowrap">Principal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:720.23px;white-space:nowrap">Occupation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:1644.77px;white-space:nowrap">During
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:2204.69px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:2391.41px;white-space:nowrap">Least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:2853.83px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:3138.28px;white-space:nowrap">Past
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:3520.7px;white-space:nowrap">5
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10466.51px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:0px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:417.97px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:1102.73px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:1650px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:2059.14px;white-space:nowrap">Accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:2895.23px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:3406.88px;white-space:nowrap">&amp;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:3555.16px;letter-spacing:-0.59px;white-space:nowrap">Treasurer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:4287.19px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:4598.59px;text-rendering:optimizeLegibility;white-space:nowrap">officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:5074.77px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:5252.66px;white-space:nowrap">certain
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:5777.34px;white-space:nowrap">funds
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:6213.2px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:6382.19px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:6649.06px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:7259.69px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:8042.34px;white-space:nowrap">fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:8398.2px;white-space:nowrap">complex;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:9082.89px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10672.99px;left:9394.3px;white-space:nowrap">formerly</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10672.99px;left:10034.53px;white-space:nowrap">,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:0px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:604.53px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:907.11px;white-space:nowrap">Assistant
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:1597.81px;letter-spacing:-0.59px;white-space:nowrap">Treasurer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:2329.84px;white-space:nowrap">within
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:2783.36px;white-space:nowrap">Franklin
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:3393.98px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:4176.64px;white-space:nowrap">Global
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:4683.59px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:5089.84px;letter-spacing:-4.43px;white-space:nowrap">Tax
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:5383.28px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:5694.69px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:6095px;white-space:nowrap">Administration
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:7153.2px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:7464.61px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:8149.38px;white-space:nowrap">Reporting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10864.99px;left:8887.58px;white-space:nowrap">(2017-2023).</div></div>
</div>

<div style="height:23.01px;left:0px;position:absolute;top:0px;transform:translate(35.999px,80.695px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:189.29px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Interested
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1228.53px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1994.56px;white-space:nowrap">Members
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3150.34px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3656.38px;text-rendering:optimizeLegibility;white-space:nowrap">Officers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:53.82px;left:4617.79px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:51.66px;left:0px;position:absolute;top:0px;transform:translate(54.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:936px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(522.144px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:35.86px">

<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">43</div></div>
</div>

<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(54.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(189.000px,743.729px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:642.80px;left:0px;position:absolute;top:0px;transform:translate(53.999px,89.000px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12816px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:0px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:269.77px;white-space:nowrap">Sarbanes-Oxley
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:1293.36px;white-space:nowrap">Act
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:1541.17px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:1701.48px;white-space:nowrap">2002
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:2029.84px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:2299.61px;white-space:nowrap">Rules
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:2693.36px;white-space:nowrap">adopted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:3240.08px;white-space:nowrap">by
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:3429.69px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:3662.97px;white-space:nowrap">U.S.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:3954.61px;white-space:nowrap">Securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:4618.28px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:4888.05px;white-space:nowrap">Exchange
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:5544.38px;white-space:nowrap">Commission
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:6368.2px;white-space:nowrap">require
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:6849.45px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:7082.73px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:7439.84px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:7600.16px;white-space:nowrap">disclose
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:8161.8px;white-space:nowrap">whether
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:8701.33px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:8934.61px;letter-spacing:-0.68px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:525.4px;left:9391.64px;white-space:nowrap">Audit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:0px;white-space:nowrap">Committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:714.38px;white-space:nowrap">includes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:1283.2px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:1436.33px;white-space:nowrap">least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:1771.88px;white-space:nowrap">one
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:2041.64px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:2588.52px;white-space:nowrap">who
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:2887.42px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:3033.36px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:3222.97px;white-space:nowrap">audit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:3572.89px;white-space:nowrap">committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:4265.55px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:4834.38px;white-space:nowrap">expert
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:5264.61px;white-space:nowrap">within
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:5680.16px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:5913.44px;white-space:nowrap">meaning
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:6489.45px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:6649.77px;white-space:nowrap">such
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:6987.73px;white-space:nowrap">Act
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:7235.55px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:7505.31px;white-space:nowrap">Rules.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:7935.55px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:8205.31px;letter-spacing:-0.68px;white-space:nowrap">Fund&#8217;s
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:8667.11px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:9082.58px;white-space:nowrap">has
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:717.4px;left:9345.16px;white-space:nowrap">determined
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:0px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:276.95px;white-space:nowrap">there
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:634.22px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:780.16px;white-space:nowrap">at
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:933.28px;white-space:nowrap">least
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:1268.83px;white-space:nowrap">one
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:1538.59px;white-space:nowrap">such
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:1881.33px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:2450.16px;white-space:nowrap">expert
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:2880.39px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:3077.19px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:3305.7px;white-space:nowrap">Audit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:3677.34px;white-space:nowrap">Committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:4391.72px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:4661.48px;white-space:nowrap">has
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:4924.06px;white-space:nowrap">designated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:5653.2px;white-space:nowrap">each
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:5988.75px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:6144.3px;white-space:nowrap">Ann
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:6435.78px;letter-spacing:-1.6px;white-space:nowrap">Torre
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:6797.97px;white-space:nowrap">Bates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:7191.72px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:7461.48px;white-space:nowrap">David
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:7855.23px;letter-spacing:-2.4px;white-space:nowrap">W.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:8044.84px;white-space:nowrap">Niemiec
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:8584.53px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:8766.95px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:8956.56px;white-space:nowrap">audit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:909.4px;left:9306.48px;white-space:nowrap">committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:568.83px;white-space:nowrap">expert.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:1035.55px;white-space:nowrap">The
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:1305.31px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:1720.78px;white-space:nowrap">believes
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:2275.23px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:2552.19px;white-space:nowrap">Ms.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:2807.42px;white-space:nowrap">Bates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:3201.17px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:3470.94px;letter-spacing:-1.8px;white-space:nowrap">Mr.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:3697.03px;white-space:nowrap">Niemiec
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:4236.72px;white-space:nowrap">qualify
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:4696.09px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:4878.52px;white-space:nowrap">such
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:5221.25px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:5410.86px;white-space:nowrap">expert
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:5841.09px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:5994.22px;white-space:nowrap">view
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:6315.23px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:6475.55px;white-space:nowrap">their
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:6796.33px;white-space:nowrap">extensive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:7430.94px;white-space:nowrap">business
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:8036.25px;white-space:nowrap">background
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:8823.59px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:9093.36px;white-space:nowrap">experience.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1101.4px;left:9851.95px;white-space:nowrap">Ms.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:0px;white-space:nowrap">Bates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:393.75px;white-space:nowrap">has
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:656.33px;white-space:nowrap">served
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:1115.86px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:1298.28px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:1407.73px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:1954.61px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:2114.92px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:2348.2px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:2700.55px;white-space:nowrap">Audit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:3072.19px;white-space:nowrap">Committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:3786.56px;white-space:nowrap">since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:4158.59px;white-space:nowrap">2008.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:4523.44px;white-space:nowrap">She
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:4800.55px;white-space:nowrap">currently
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:5398.44px;white-space:nowrap">serves
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:5850.78px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:6033.2px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:6142.66px;white-space:nowrap">director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:6667.58px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:6823.13px;white-space:nowrap">Ares
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:7151.25px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:7625.16px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:8412.27px;white-space:nowrap">(2010-present)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:9345.55px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1293.4px;left:9615.31px;white-space:nowrap">United
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:0px;white-space:nowrap">Natural
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:488.44px;white-space:nowrap">Foods,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:955px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:1217.58px;white-space:nowrap">(2013-present)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:2150.86px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:2420.63px;white-space:nowrap">was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:2705.16px;white-space:nowrap">formerly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:3266.56px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:3376.02px;white-space:nowrap">director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:3900.94px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:4061.25px;white-space:nowrap">Navient
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:4571.64px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:5358.75px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:5686.72px;white-space:nowrap">2014
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:6015.08px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:6175.39px;white-space:nowrap">2016,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:6540.23px;white-space:nowrap">SLM
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:6853.67px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:7640.78px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:7968.75px;white-space:nowrap">1997
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:8297.11px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:8457.42px;white-space:nowrap">2014
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:8785.78px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:9050.78px;white-space:nowrap">Allied
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1485.4px;left:9444.53px;white-space:nowrap">Capital
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:0px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:787.11px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:1115.08px;white-space:nowrap">2003
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:1443.44px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:1603.75px;white-space:nowrap">2010,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:1968.59px;white-space:nowrap">Executive
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:2617.73px;letter-spacing:-0.45px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:2921.88px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:3556.25px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:3826.02px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:4190.47px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:4795.78px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:5255.16px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:5415.47px;letter-spacing:-0.57px;white-space:nowrap">NHP
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:5726.56px;white-space:nowrap">Incorporated
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:6564.92px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:6892.89px;white-space:nowrap">1995
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:7221.25px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:7381.56px;white-space:nowrap">1997
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:7709.92px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:7979.69px;letter-spacing:-0.45px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:8283.83px;white-space:nowrap">President
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:8918.2px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:9187.97px;letter-spacing:-0.72px;white-space:nowrap">Treasurer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1677.4px;left:9822.5px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:0px;white-space:nowrap">US
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:213.91px;white-space:nowrap">Airways,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:790.08px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:1052.66px;white-space:nowrap">until
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:1366.09px;white-space:nowrap">1995.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:1730.94px;letter-spacing:-1.8px;white-space:nowrap">Mr.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:1957.03px;white-space:nowrap">Niemiec
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:2496.72px;white-space:nowrap">has
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:2759.3px;white-space:nowrap">served
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:3218.83px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:3401.25px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:3510.7px;white-space:nowrap">member
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:4057.58px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:4217.89px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:4451.17px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:4803.52px;white-space:nowrap">Audit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:5175.16px;white-space:nowrap">Committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:5889.53px;white-space:nowrap">since
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:6261.56px;white-space:nowrap">2005,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:6626.41px;white-space:nowrap">currently
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:7224.3px;white-space:nowrap">serves
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:7676.64px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:7859.06px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:8043.91px;white-space:nowrap">Advisor
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:8568.83px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:8729.14px;white-space:nowrap">Saratoga
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1869.4px;left:9327.03px;white-space:nowrap">Partners
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:0px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:269.77px;white-space:nowrap">was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:554.3px;white-space:nowrap">formerly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:1115.7px;white-space:nowrap">its
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:1305.31px;white-space:nowrap">Managing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:1954.14px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:2493.59px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:2821.56px;white-space:nowrap">1998
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:3149.92px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:3310.23px;white-space:nowrap">2001
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:3638.59px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:3908.36px;white-space:nowrap">serves
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:4360.7px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:4543.13px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:4652.58px;white-space:nowrap">director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:5177.5px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:5337.81px;white-space:nowrap">Hess
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:5687.89px;white-space:nowrap">Midstream
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:6380.55px;letter-spacing:-0.76px;white-space:nowrap">LP
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:6582.42px;white-space:nowrap">(2017-present).
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:7552.19px;letter-spacing:-1.8px;white-space:nowrap">Mr.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:7778.28px;white-space:nowrap">Niemiec
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:8317.97px;white-space:nowrap">was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:8602.5px;white-space:nowrap">formerly
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:9163.91px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:9273.36px;white-space:nowrap">director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2061.4px;left:9798.28px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:0px;white-space:nowrap">Emeritus
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:597.89px;white-space:nowrap">Corporation
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:1385px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:1712.97px;white-space:nowrap">1999
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:2041.33px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:2201.64px;white-space:nowrap">2010
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:2530px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:2799.77px;white-space:nowrap">OSI
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:3062.34px;white-space:nowrap">Pharmaceuticals,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:4178.2px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:4440.78px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:4768.75px;white-space:nowrap">2006
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:5097.11px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:5257.42px;white-space:nowrap">2010,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:5622.27px;white-space:nowrap">Managing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:6271.09px;white-space:nowrap">Director
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:6810.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:6970.86px;white-space:nowrap">SBC
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:7284.22px;letter-spacing:-0.6px;white-space:nowrap">Warburg
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:7855.23px;white-space:nowrap">Dillon
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:8256.17px;white-space:nowrap">Read
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:8613.44px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:8941.41px;white-space:nowrap">1997
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:9269.77px;white-space:nowrap">to
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:9430.08px;white-space:nowrap">1998,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2253.4px;left:9794.92px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:0px;white-space:nowrap">was
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:284.53px;letter-spacing:-0.45px;white-space:nowrap">Vice
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:588.67px;white-space:nowrap">Chairman
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:1230.23px;white-space:nowrap">from
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:1558.2px;white-space:nowrap">1991
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:1886.56px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:2046.88px;white-space:nowrap">1997
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:2375.23px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:2645px;white-space:nowrap">Chief
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:3009.45px;white-space:nowrap">Financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:3614.77px;text-rendering:optimizeLegibility;white-space:nowrap">Officer
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:4074.14px;white-space:nowrap">from
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:4402.11px;white-space:nowrap">1982
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:4730.47px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:4890.78px;white-space:nowrap">1997
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:5219.14px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:5379.45px;white-space:nowrap">Dillon,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:5816.88px;white-space:nowrap">Read
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:6174.14px;white-space:nowrap">&amp;
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:6305.31px;white-space:nowrap">Co.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:6553.13px;white-space:nowrap">Inc.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:6810.94px;white-space:nowrap">As
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:7015.08px;white-space:nowrap">a
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:7124.53px;white-space:nowrap">result
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:7518.28px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:7678.59px;white-space:nowrap">such
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:8021.33px;white-space:nowrap">background
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:8808.67px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:9078.44px;white-space:nowrap">experience,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2445.4px;left:9837.03px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:0px;white-space:nowrap">Board
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:415.47px;white-space:nowrap">believes
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:969.92px;white-space:nowrap">that
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:1246.88px;white-space:nowrap">Ms.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:1502.11px;white-space:nowrap">Bates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:1895.86px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:2165.63px;letter-spacing:-1.8px;white-space:nowrap">Mr.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:2391.72px;white-space:nowrap">Niemiec
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:2931.41px;white-space:nowrap">have
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:3266.95px;white-space:nowrap">each
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:3602.5px;white-space:nowrap">acquired
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:4185.86px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:4375.47px;white-space:nowrap">understanding
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:5323.13px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:5483.44px;white-space:nowrap">generally
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:6096.09px;white-space:nowrap">accepted
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:6701.41px;white-space:nowrap">accounting
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:7437.73px;white-space:nowrap">principles
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:8094.06px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:8363.83px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:8932.66px;white-space:nowrap">statements,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2637.4px;left:9698.28px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:0px;white-space:nowrap">general
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:503.2px;white-space:nowrap">application
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:1232.34px;white-space:nowrap">of
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:1735.39px;white-space:nowrap">principles
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:2391.72px;white-space:nowrap">in
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:2544.84px;white-space:nowrap">connection
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:3281.17px;white-space:nowrap">with
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:3580.08px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:3813.36px;white-space:nowrap">accounting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:4549.69px;white-space:nowrap">estimates,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:5227.97px;white-space:nowrap">accruals
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:5796.95px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:6066.72px;white-space:nowrap">reserves,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:6679.53px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:6949.3px;white-space:nowrap">analyzing
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:7583.75px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:7853.52px;white-space:nowrap">evaluating
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:8538.98px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:9107.81px;white-space:nowrap">statements
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2829.4px;left:9836.95px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:0px;white-space:nowrap">present
</div>

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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:619.84px;white-space:nowrap">breadth
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:1137.42px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:1407.19px;white-space:nowrap">level
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:1735.55px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:1895.86px;white-space:nowrap">complexity
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:2617.81px;white-space:nowrap">of
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:2778.13px;white-space:nowrap">accounting
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:3514.45px;white-space:nowrap">issues
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:3959.45px;white-space:nowrap">generally
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:4572.11px;white-space:nowrap">comparable
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:5345.08px;white-space:nowrap">to
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:6052.11px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:6285.39px;white-space:nowrap">Fund,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:6678.98px;white-space:nowrap">as
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:7145.94px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:7328.36px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:7517.97px;white-space:nowrap">understanding
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</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:8625.94px;white-space:nowrap">internal
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:9136.33px;white-space:nowrap">controls
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3021.4px;left:9690.39px;white-space:nowrap">and
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:0px;white-space:nowrap">procedures
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:751.02px;white-space:nowrap">for
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:962.34px;text-rendering:optimizeLegibility;white-space:nowrap">financial
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:1531.17px;white-space:nowrap">reporting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:2143.44px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:2413.2px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:2602.81px;white-space:nowrap">understanding
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:3550.47px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:3710.78px;white-space:nowrap">audit
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:4060.7px;white-space:nowrap">committee
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:4753.36px;white-space:nowrap">functions.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:5416.72px;white-space:nowrap">Ms.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:5671.95px;white-space:nowrap">Bates
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:6065.7px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:6335.47px;letter-spacing:-1.8px;white-space:nowrap">Mr.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:6561.56px;white-space:nowrap">Niemiec
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:7101.25px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:7334.69px;white-space:nowrap">independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:8151.17px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:8566.64px;white-space:nowrap">members
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:9186.48px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:9368.91px;white-space:nowrap">that
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:9645.86px;white-space:nowrap">term
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3213.4px;left:9966.64px;white-space:nowrap">is
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">defined
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:503.05px;white-space:nowrap">under
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:903.98px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:1137.27px;white-space:nowrap">applicable
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:1815.55px;white-space:nowrap">U.S.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:2107.19px;white-space:nowrap">Securities
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:2770.86px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:3040.63px;white-space:nowrap">Exchange
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:3696.95px;white-space:nowrap">Commission
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:4520.78px;white-space:nowrap">Rules
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:4914.53px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3405.4px;left:5184.3px;white-space:nowrap">Releases.</div></div>
</div>

<div style="height:22.79px;left:0px;position:absolute;top:0px;transform:translate(53.999px,84.950px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:189.29px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Interested
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1228.53px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1994.56px;white-space:nowrap">Members
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3150.34px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3656.38px;text-rendering:optimizeLegibility;white-space:nowrap">Officers
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:53.82px;left:4617.79px;white-space:nowrap">(continued)</div></div>
</div> </div></div>

<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:26.46px;left:0px;position:absolute;top:0px;transform:translate(36.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:432px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.57px;white-space:nowrap">Templeton
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:956.09px;letter-spacing:10.67px;white-space:nowrap">Emerging
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1814.95px;letter-spacing:10.5px;white-space:nowrap">Markets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:2581.58px;letter-spacing:9px;white-space:nowrap">Fund</div></div>
</div>

<div style="height:40.84px;left:0px;position:absolute;top:0px;transform:translate(36.000px,75.357px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:648px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:0px;white-space:nowrap">Shareholder
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:1690.31px;white-space:nowrap">Information</div></div>
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<div style="background-color:transparent;height:1.00px;left:0px;position:absolute;top:0px;transform:translate(36.000px,744.480px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

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<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">44</div></div>
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<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(66.240px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.16px;left:0px;position:absolute;top:0px;transform:translate(405.000px,743.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:254.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
</div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(80.389px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:324.61px">

<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
</div>

<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(71.856px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

<div style="height:623.65px;left:0px;position:absolute;top:0px;transform:translate(36.000px,108.150px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:12352px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,5.05px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:751.69px;white-space:nowrap">Approval
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1850.09px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2139.16px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:289.15px;left:0px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:260px;position:absolute;top:289.15px;left:1575.49px;white-space:nowrap">Agreements</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:664.48px;left:0px;white-space:nowrap">(unaudited)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1094.48px;left:0px;letter-spacing:-0.33px;white-space:nowrap">TEMPLETON
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1094.48px;left:1156.73px;white-space:nowrap">EMERGING
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1094.48px;left:2186.81px;white-space:nowrap">MARKETS
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:1094.48px;left:3126.8px;white-space:nowrap">FUND</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:0px;white-space:nowrap">(Fund)</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:0px;white-space:nowrap">At </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:220.08px;white-space:nowrap">an
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:470.3px;white-space:nowrap">in-person
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:1270.72px;white-space:nowrap">meeting
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:1961.1px;white-space:nowrap">held
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:2351.43px;white-space:nowrap">on
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:2601.65px;white-space:nowrap">May
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:2991.71px;white-space:nowrap">29,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:3291.94px;white-space:nowrap">2025
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:3742.38px;white-space:nowrap">(Meeting),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1774.48px;left:4602.66px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:0px;white-space:nowrap">Board
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:530.33px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:727.21px;letter-spacing:-0.74px;white-space:nowrap">Trustees
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:1470.76px;white-space:nowrap">(Board)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:2120.98px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:2321.1px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:2621.34px;white-space:nowrap">Fund,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:3131.63px;white-space:nowrap">including
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:3892.15px;white-space:nowrap">a
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2024.48px;left:4042.27px;white-space:nowrap">majority
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:0px;white-space:nowrap">of </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:200.13px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:500.36px;white-space:nowrap">trustees
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:1190.65px;white-space:nowrap">who
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:1570.87px;white-space:nowrap">are
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:1881.04px;white-space:nowrap">not
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:2181.27px;white-space:nowrap">&#8220;interested
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:3081.71px;white-space:nowrap">persons&#8221;
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:3832.03px;white-space:nowrap">as
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2274.48px;left:4072.15px;text-rendering:optimizeLegibility;white-space:nowrap">defined
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2524.48px;left:0px;white-space:nowrap">in </div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2524.48px;left:190.11px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2524.48px;left:490.34px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2524.48px;left:1420.75px;white-space:nowrap">Company
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2524.48px;left:2231.19px;white-space:nowrap">Act
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2524.48px;left:2541.27px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2524.48px;left:2741.4px;white-space:nowrap">1940
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2524.48px;left:3191.84px;white-space:nowrap">(Independent
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2774.48px;left:0px;letter-spacing:-0.61px;white-space:nowrap">Trustees),
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2774.48px;left:853.51px;white-space:nowrap">reviewed
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2774.48px;left:1623.87px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2774.48px;left:1974.2px;white-space:nowrap">approved
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2774.48px;left:2774.79px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2774.48px;left:3075.03px;white-space:nowrap">continuance
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2774.48px;left:4095.79px;white-space:nowrap">of
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:2774.48px;left:4295.92px;white-space:nowrap">the
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3024.48px;left:0px;white-space:nowrap">investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3024.48px;left:920.39px;white-space:nowrap">management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3024.48px;left:2021.04px;white-space:nowrap">agreement
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3024.48px;left:2931.59px;white-space:nowrap">between
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3024.48px;left:3658.89px;letter-spacing:-2px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3274.48px;left:0px;white-space:nowrap">Asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3274.48px;left:500.19px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3274.48px;left:1600.84px;white-space:nowrap">Ltd.
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3274.48px;left:1951.08px;letter-spacing:-1.91px;white-space:nowrap">(TAML)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3274.48px;left:2587.68px;white-space:nowrap">and
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:3274.48px;left:2938.01px;white-space:nowrap">the
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11588.64px;left:7941.27px;white-space:nowrap">mutual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11588.64px;left:8531.54px;white-space:nowrap">fund
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<div style="page-break-after:always;margin:-8px;position:relative;height:967.50px;width:742.50px;transform-origin:top left;transform:scale(1.25,1.25)">

<div style="position:absolute;top:0px;left:0px;width:594px;height:774px">

<div style="height:50.48px;left:0px;position:absolute;top:0px;transform:translate(54.000px,32.136px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:504.00px">

<div style="width:10080px;height:912.36px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.86px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7098.2px;letter-spacing:10.57px;white-space:nowrap">Templeton
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8054.3px;letter-spacing:10.67px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8913.16px;letter-spacing:10.5px;white-space:nowrap">Markets
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9679.78px;letter-spacing:9px;white-space:nowrap">Fund</div>

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<div style="width:717.12px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">45</div></div>
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<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMklEQVR4Xu3KMREAMAgEsKdi8S8BCWw9hmROJekAAAAAAAAAABzytgAAAAAAAAAA8NsA62AAavnASnkAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="background-color:transparent;height:12.71px;left:0px;position:absolute;top:0px;transform:translate(527.260px,744.855px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:1.00px">

<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAGUlEQVQYV2NkYGBIY2BgYGBigIJRxrBhAAAhIwDQQq1CEgAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px"></div></div>

<div style="height:17.41px;left:0px;position:absolute;top:0px;transform:translate(53.999px,743.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:135.00px">

<div style="width:2700px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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<div style="width:6492.2px;height:259.2px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,1px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
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<div style="height:12.96px;left:0px;position:absolute;top:0px;transform:translate(513.610px,744.730px) rotate(0.000deg) skew(0.000deg) scale(1.000,1.000);transform-origin:0% 0%;width:8.53px">

<div style="height:100.00%;min-width:100%;width:100.00%;left:0px;position:absolute;top:0px;background-color:transparent;background-repeat:no-repeat;background-size:cover;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAT0lEQVRYR+3OoREAIBDAMGD/nZ8R4jhEoyu6Z2b95Ch4rSFpSBqShqQhaUgakoakIWlIGpKGpCFpSBqShqQhaUgakoakIWlIGpKGpCFpSC74LQNp/pFgJwAAAABJRU5ErkJggg==)"></div>
</div>

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<div style="width:10080px;height:12960px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,3.8px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">environment,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:3322.18px;white-space:nowrap">ended
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:0px;white-space:nowrap">31,
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:300.23px;white-space:nowrap">2024.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:1687.94px;white-space:nowrap">concluded
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:3796.08px;white-space:nowrap">performance
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10948.64px;left:0px;white-space:nowrap">Comparative
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:175px;font-weight:bold;position:absolute;top:10948.64px;left:1140.38px;white-space:nowrap">Fees
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11198.64px;left:360.18px;white-space:nowrap">Board
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11948.64px;left:0px;white-space:nowrap">underlying
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:11948.64px;left:2151.47px;white-space:nowrap">investment-related
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:9281.69px;letter-spacing:-1.11px;white-space:nowrap">volatility.
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9588.64px;left:6060.41px;white-space:nowrap">realized
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6600.41px;white-space:nowrap">$5,000
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1305.86px;white-space:nowrap">report</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:455.15px;left:1197.01px;letter-spacing:-3.64px;white-space:nowrap">CONDITIONS
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:455.15px;left:2785.45px;letter-spacing:-3.56px;white-space:nowrap">DIVIDEND
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:455.15px;left:5796.48px;letter-spacing:-3.2px;white-space:nowrap">CASH
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">as </div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2181.45px;white-space:nowrap">shares
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2771.72px;white-space:nowrap">acquired
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6149.47px;white-space:nowrap">report</div></div>
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<div style="width:10080px;height:866.04px;position:absolute;top:0px;left:0px;transform-origin:0% 0%;transform:translate(0px,7.44px) rotate(0deg) scale(0.05)">

<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:455.15px;left:0px;letter-spacing:-3.33px;white-space:nowrap">TERMS
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:455.15px;left:1197.01px;letter-spacing:-3.64px;white-space:nowrap">CONDITIONS
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:455.15px;left:3760.68px;letter-spacing:-3.69px;white-space:nowrap">REINVESTMENT
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:455.15px;left:5796.48px;letter-spacing:-3.2px;white-space:nowrap">CASH
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:455.15px;left:6398.75px;letter-spacing:-3.56px;white-space:nowrap">PURCHASE
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:489.02px;left:8110.37px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">13. </div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1791.04px;white-space:nowrap">times
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)"></div>
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8054.28px;left:0px;white-space:nowrap">Investors
</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:8494.28px;left:8757.77px;white-space:nowrap">investors
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</div>

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</div>

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</div>

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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9114.28px;left:8293.97px;white-space:nowrap">and/or
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:180px;position:absolute;top:9114.28px;left:8854.37px;white-space:nowrap">recorded.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9840.46px;left:3210px;white-space:nowrap">Annual
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<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:9840.46px;left:3796.64px;white-space:nowrap">Report</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10043.35px;left:3210px;letter-spacing:-1.19px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10043.35px;left:4051.48px;white-space:nowrap">Emerging
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10043.35px;left:4833.83px;white-space:nowrap">Markets
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10043.35px;left:5483.05px;white-space:nowrap">Fund</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10420px;left:3210px;white-space:nowrap">Investment
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10420px;left:4099.14px;white-space:nowrap">Manager</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10420px;left:5428px;letter-spacing:-0.98px;white-space:nowrap">Transfer
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10420px;left:6097.92px;white-space:nowrap">Agent</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10420px;left:9028px;white-space:nowrap">Fund
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:155px;font-weight:bold;position:absolute;top:10420px;left:9463.39px;white-space:nowrap">Information</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:3210px;letter-spacing:-1.77px;white-space:nowrap">Templeton
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:3983.83px;white-space:nowrap">Asset
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10814.88px;left:3210px;white-space:nowrap">Management
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10814.88px;left:4188.36px;white-space:nowrap">Ltd.</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:5428px;white-space:nowrap">Equiniti
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:5994.33px;letter-spacing:-0.99px;white-space:nowrap">Trust
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:6397.3px;letter-spacing:-1.32px;white-space:nowrap">Company,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:7159.09px;white-space:nowrap">LLC</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10814.88px;left:5428px;white-space:nowrap">6201
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10814.88px;left:5828.39px;white-space:nowrap">15th
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10814.88px;left:6175.42px;letter-spacing:-0.48px;white-space:nowrap">Avenue</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11006.88px;left:5428px;white-space:nowrap">Brooklyn,
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11006.88px;left:6139.41px;letter-spacing:-0.96px;white-space:nowrap">NY
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11006.88px;left:6403.23px;letter-spacing:-2.37px;white-space:nowrap">11219</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11198.88px;left:5428px;letter-spacing:-3.55px;white-space:nowrap">Toll
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11198.88px;left:5712.53px;white-space:nowrap">Free
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11198.88px;left:6085.97px;white-space:nowrap">Number:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11198.88px;left:6743.94px;white-space:nowrap">(800)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11198.88px;left:7161.91px;white-space:nowrap">416-5585</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11390.88px;left:5428px;white-space:nowrap">Hearing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11390.88px;left:6032.77px;white-space:nowrap">Impaired
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11390.88px;left:6699.72px;white-space:nowrap">Number:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11390.88px;left:7357.69px;white-space:nowrap">(866)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11390.88px;left:7775.66px;white-space:nowrap">703-9077</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:5428px;white-space:nowrap">International
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:6353.08px;white-space:nowrap">Number:
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:7011.05px;white-space:nowrap">(718)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:7429.02px;white-space:nowrap">921-8124
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:5428px;white-space:nowrap">Hearing
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:6032.77px;white-space:nowrap">Impaired
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:6699.72px;white-space:nowrap">International
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:7624.8px;white-space:nowrap">Number:</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11966.88px;left:5428px;white-space:nowrap">(718)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:11966.88px;left:5845.97px;white-space:nowrap">921-8386</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:12158.88px;left:5428px;letter-spacing:-0.55px;white-space:nowrap">www.equiniti.com</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:9028px;white-space:nowrap">(800)
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:9445.97px;letter-spacing:-1.19px;white-space:nowrap">DIAL
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:9840.19px;white-space:nowrap">BEN</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:10626.09px;left:10169.17px;white-space:nowrap">&#174;</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10622.88px;left:10282.36px;white-space:nowrap">/
</div>

<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;position:absolute;top:10814.88px;left:9028px;white-space:nowrap">342-5236</div></div>
</div> </div></div>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-indent: 50pt">(b) Not applicable</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 2.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">CODE OF ETHICS.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(a) The Registrant has adopted a code of ethics that applies
to its principal executive officers and principal financial and accounting officer.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(c) N/A</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(d) N/A</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(f) Pursuant to Item 19(a) (1), the Registrant is attaching
as an exhibit a copy of its code of ethics that applies to its principal executive officers and principal financial and accounting officer.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 3.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">AUDIT COMMITTEE FINANCIAL EXPERT.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">The Board of Trustees of the Registrant has determined that
Ann Torre Bates and David W. Niemiec possess the technical attributes identified in Item 3 to Form N-CSR to qualify as &ldquo;audit committee
financial experts,&rdquo; and has designated Ann Torre Bates and David W. Niemiec as the Audit Committee&rsquo;s financial experts. Ann
Torre Bates and David W. Niemiec are &ldquo;independent&rdquo; Trustees pursuant to paragraph (a)(2) of Item 3 to Form N-CSR.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">Under applicable securities laws, a person determined to
be an audit committee financial expert will not be deemed an &ldquo;expert&rdquo; for any purpose, including without limitation for the
purposes of Section 11 of the Securities Act of 1933, as a result of being designated or identified as an audit committee financial expert.
The designation or identification of a person as an audit committee financial expert does not impose on such person any duties, obligations,
or liabilities greater than the duties, obligations, and liabilities imposed on such person as a member of the audit committee and board
of directors in the absence of such designation or identification. The designation or identification of a person as an audit committee
financial expert does not affect the duties, obligations, or liability of any other member of the audit committee or board of directors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 4.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">PRINCIPAL ACCOUNTANT FEES AND SERVICES.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(a) <U>Audit Fees</U>. The aggregate fees billed in the last
two fiscal years ending August 31, 2024 and August 31, 2025 (the &ldquo;Reporting Periods&rdquo;) for professional services rendered by
the Registrant&rsquo;s principal accountant (the &ldquo;Auditor&rdquo;) for the audit of the Registrant&rsquo;s annual financial statements,
or services that are normally provided by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting
Periods, were $53,545 in August 31, 2024 and $47,840 in August 31, 2025.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(b) <U>Audit-Related Fees</U>. The aggregate fees billed
in the Reporting Periods for assurance and related services by the Auditor that are reasonably related to the performance of the Registrant&rsquo;s
financial statements were $0 in August 31, 2024 and $0 in August 31, 2025.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(c) <U>Tax Fees</U>. The aggregate fees billed in the Reporting
Periods for professional services rendered by the Auditor for tax compliance, tax advice and tax planning (&ldquo;Tax Services&rdquo;)
were $0 in August 31, 2024 and $10,000 in August 31, 2025. These services consisted of (i) review or preparation of U.S. federal, state,
local and excise tax returns; (ii) U.S. federal, state and local tax planning, advice and assistance regarding statutory, regulatory or
administrative developments, and (iii) tax advice regarding tax qualification matters and/or treatment of various financial instruments
held or proposed to be acquired or held.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">The aggregate fees billed for tax services by the Auditors
to the Registrant&rsquo;s investment manager and any entity controlling, controlled by, or under common control with the investment manager
that provides ongoing services to the Registrant (&ldquo;Service Affiliates&rdquo;) during the Reporting Periods that required pre-approval
by the Audit Committee were $140,000 in August 31, 2024 and $0 in August 31, 2025. The services for which these fees were paid included
global access to tax platform International Tax View.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(d) <U>All Other Fees</U>. The aggregate fees billed in the
Reporting Periods for products and services provided by the Auditor to the Registrant, other than the services reported in paragraphs
(a) through (c) of this item, were $<FONT STYLE="background-color: white">0 in </FONT>August 31, 2024 <FONT STYLE="background-color: white">and
$0 in </FONT>August 31, 2025<FONT STYLE="background-color: white">.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">There were no other non-audit services rendered by the Auditor
to the Service Affiliates requiring pre-approval by the Audit Committee in the Reporting Periods.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 90pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(e) Audit Committee&rsquo;s pre&ndash;approval policies and
procedures described in paragraph (c) (7) of Rule 2-01 of Regulation S-X.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(1) The Registrant&rsquo;s Audit Committee is directly responsible
for approving the services to be provided by the Auditors, including:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">(i)&nbsp;pre-approval of all audit and audit related services;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">(ii)&nbsp;pre-approval of all non-audit related services
to be provided to the Registrant by the Auditors;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">(iii)&nbsp;pre-approval of all non-audit related services
to be provided by the Auditors to the Registrant and the Service Affiliates where the non-audit services relate directly to the operations
or financial reporting of the Registrant; and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: 27pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">(iv)&nbsp;establishment by the Audit Committee, if deemed
necessary or appropriate, as an alternative to committee pre-approval of services to be provided by the Auditors, as required by paragraphs
(ii) and (iii) above, of policies and procedures to permit such services to be pre-approved by other means, such as through establishment
of guidelines or by action of a designated member or members of the committee; provided the policies and procedures are detailed as to
the particular service and the committee is informed of each service and such policies and procedures do not include delegation of Audit
Committee responsibilities, as contemplated under the Securities Exchange Act of 1934, to management; subject, in the case of (ii) through
(iv), to any waivers, exceptions or exemptions that may be available under applicable law or rules.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(2) None of the services described in paragraphs (b) through
(d) of this Item were performed in reliance on paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 90pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(f) Not applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(g) Non-audit fees billed by the Auditor for services rendered
to the Registrant and the Service Affiliates during the reporting period were $140,000 in August 31, 2024 and $200,966 in August 31, 2025.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(h) Yes. The Registrant&rsquo;s Audit Committee has considered
whether the provision of non-audit services that were rendered to Service Affiliates, which were not pre-approved (not requiring pre-approval),
is compatible with maintaining the Auditor&rsquo;s independence. All services provided by the Auditor to the Registrant or to the Service
Affiliates, which were required to be pre-approved, were pre-approved as required.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(i) Not applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(j) Not applicable</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 5.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">AUDIT COMMITTEE OF LISTED REGISTRANTS.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(a) The independent board members are acting as the registrant&rsquo;s
audit committee as specified in Section 3(a)(58)(B) of the Exchange Act. The Audit Committee consists of the following Board members:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 54pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">David W. Niemiec</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">Ann Torre Bates</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">J. Michael Luttig</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">Terrence J. Checki</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 72pt">Constantine D. Tseretopoulos</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 90pt; text-indent: 36pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">(b) Not applicable</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 6.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">SCHEDULE OF INVESTMENTS.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">(a)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Please see schedule of investments contained in the Financial Statements and Financial
        Highlights included under Item 1 of this Form N-CSR.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 90pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">(b)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Not applicable.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; width: 50pt; vertical-align: top">ITEM 7.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">Not applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; width: 50pt; vertical-align: top">ITEM 8.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">Not applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 9.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">Not applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; width: 50pt; vertical-align: top">ITEM 10.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT
        COMPANIES.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">Not applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 11.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">The information is disclosed as part of the Financial Statements
included in Item 1 of this Form N-CSR, as applicable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; width: 50pt; vertical-align: top">ITEM 12.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT
        COMPANIES.</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>FRANKLIN TEMPLETON EMERGING MARKETS EQUITY GROUP</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><U>Proxy Voting Policies &amp; Procedures</U></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">An SEC Compliance Rule Policy and Procedures*</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: -72pt"><B>RESPONSIBILITY OF THE INVESTMENT MANAGERS
TO VOTE PROXIES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: -72pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Franklin Templeton Emerging Markets Equity Group, a separate investment
group within Franklin Templeton, comprised of investment personnel from the SEC-registered investment advisers listed on Appendix A (hereinafter
individually an &ldquo;Investment Manager&rdquo; and collectively the &ldquo;Investment Managers&rdquo;) have delegated the administrative
duties with respect to voting proxies for securities to the Franklin Templeton Proxy Group. Proxy duties consist of disseminating proxy
materials and analyses of issuers whose stock is owned by any client (including both investment companies and any separate accounts managed
by the Investment Managers) that has either delegated proxy voting administrative responsibility to the Investment Managers or has asked
for information and/or recommendations on the issues to be voted. The Investment Managers will inform advisory clients that have not delegated
the voting responsibility but that have requested voting advice about the Investment Managers&rsquo; views on such proxy votes. The Proxy
Group also provides these services to other advisory affiliates of the Investment Managers.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Proxy Group will process proxy votes on behalf of, and the Investment
Managers vote proxies solely in the best interests of, separate account clients, the Investment Managers&rsquo;-managed investment company
shareholders, or shareholders of funds that have appointed Franklin Templeton International Services S.&agrave;.r.l. (&ldquo;FTIS S.&agrave;.r.l.&rdquo;)
as the Management Company, provided such funds or clients have properly delegated such responsibility in writing, or, where employee benefit
plan assets subject to the Employee Retirement Income Security Act of 1974, as amended, are involved (&ldquo;ERISA accounts&rdquo;), in
the best interests of the plan participants and beneficiaries (collectively, &ldquo;Advisory Clients&rdquo;), unless (i) the power to
vote has been specifically retained by the named fiduciary in the documents in which the named fiduciary appointed the Investment Managers
or (ii) the documents otherwise expressly prohibit the Investment Managers from voting proxies. The Investment Managers recognize that
the exercise of voting rights on securities held by ERISA plans for which the Investment Managers have voting responsibility is a fiduciary
duty that must be exercised with care, skill, prudence and diligence.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In certain circumstances, Advisory Clients are permitted to direct their
votes in a solicitation pursuant to the Investment Management Agreement. An Advisory Client that wishes to direct its vote shall give
reasonable prior written notice to the Investment Managers indicating such intention and provide written instructions directing the Investment
Managers or the Proxy Group to vote regarding the solicitation. Where such prior written notice is received, the Proxy Group will vote
proxies in accordance with such written notification received from the Advisory Client.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Investment Managers have adopted and implemented Proxy Voting Policies
and Procedures (&ldquo;Proxy Policies&rdquo;) that they believe are reasonably designed to ensure that proxies are voted in the best interest
of Advisory Clients in accordance with their fiduciary duties and rule 206(4)-6 under the Investment Advisers Act of 1940. To the extent
that the Investment Managers have a subadvisory agreement with an affiliated investment manager (the &ldquo;Affiliated Subadviser&rdquo;)
with respect to a particular Advisory Client, the Investment Managers may delegate proxy voting responsibility to the Affiliated Subadviser.
The Investment Managers may also delegate proxy voting responsibility to a subadviser that is not an Affiliated Subadviser in certain
limited situations as disclosed to fund shareholders (e.g., where an Investment Manager to a pooled investment vehicle has engaged a subadviser
that is not an Affiliated Subadviser to manage all or a portion of the assets).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I><SUP>* </SUP></I><SUP>Rule 38a-1 under the Investment
Company Act of 1940 (&ldquo;1940 Act&rdquo;) and Rule 206(4)-7 under the Investment Advisers Act of 1940 (&ldquo;Advisers Act&rdquo;)
(together the &ldquo;Compliance Rule&rdquo;) require registered investment companies and registered investment advisers to, among other
things, adopt and implement written policies and procedures reasonably designed to prevent violations of the federal securities laws (&ldquo;Compliance
Rule Policies and Procedures&rdquo;).</SUP></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>HOW THE INVESTMENT MANAGERS VOTE PROXIES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Proxy Services</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">All proxies received by the Proxy Group will be voted based upon the Investment
Managers&rsquo; instructions and/or policies. To assist it in analyzing proxies of equity securities, the Investment Managers subscribe
to Institutional Shareholder Services Inc. (&ldquo;ISS&rdquo;), an unaffiliated third-party corporate governance research service that
provides in-depth analyses of shareholder meeting agendas and vote recommendations. In addition, the Investment Managers subscribe to
ISS&rsquo;s Proxy Voting Service and Vote Disclosure Service. These services include receipt of proxy ballots, custodian bank relations,
account maintenance, vote execution, ballot reconciliation, vote record maintenance, comprehensive reporting capabilities, and vote disclosure
services. Also, the Investment Managers subscribe to Glass, Lewis &amp; Co., LLC (&ldquo;Glass Lewis&rdquo;), an unaffiliated third-party
analytical research firm, to receive analyses and vote recommendations on the shareholder meetings of publicly held U.S. companies, as
well as a limited subscription to its international research.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">For accounts managed by the Templeton Global Equity Group (&ldquo;TGEG&rdquo;),
in making voting decisions, the Investment Managers may consider Glass Lewis&rsquo;s proxy voting guidelines, ISS&rsquo;s guidelines,
and TGEG&rsquo;s custom sustainability guidelines, where appropriate. Although analyses provided by ISS, Glass Lewis, and/or another independent
third-party proxy service provider (each a &ldquo;Proxy Service&rdquo;) are thoroughly reviewed and considered in making a final voting
decision, the Investment Managers do not consider recommendations from a Proxy Service or any third-party to be determinative of the Investment
Managers&rsquo; ultimate decision. Rather, the Investment Managers exercise their independent judgment in making voting decisions. As
a matter of policy, the officers, directors and employees of the Investment Managers and the Proxy Group will not be influenced by outside
sources whose interests conflict with the interests of Advisory Clients.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">For ease of reference, the Proxy Policies often refer to all Advisory Clients.
However, our processes and practices seek to ensure that proxy voting decisions are suitable for individual Advisory Clients. In some
cases, the Investment Managers&rsquo; evaluation may result in an individual Advisory Client or Investment Manager voting differently,
depending upon the nature and objective of the fund or account, the composition of its portfolio, whether the Investment Manager has adopted
a specialty or custom voting policy, and other factors.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Proxy Services</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Certain of the Investment Managers&rsquo; separate accounts or funds (or
a portion thereof) are included under Franklin Templeton Investment Solutions (&ldquo;FTIS&rdquo;), a separate investment group within
Franklin Templeton, and employ a quantitative strategy.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">For such accounts, FTIS&rsquo;s proprietary methodologies rely on a combination
of quantitative, qualitative, and behavioral analysis rather than fundamental security research and analyst coverage that an actively-managed
portfolio would ordinarily employ. Accordingly, absent client direction, in light of the high number of positions held by such accounts
and the considerable time and effort that would be required to review proxy statements and ISS or Glass Lewis recommendations, the Investment
Manager may review ISS&rsquo;s guidelines&rsquo;&rsquo; or Glass Lewis&rsquo;s US guidelines (the &ldquo;ISS and Glass Lewis Proxy Voting
Guidelines&rdquo;) and determine, consistent with the best interest of its clients, to provide standing instructions to the Proxy Group
to vote proxies according to the recommendations of ISS or Glass Lewis.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In addition, the Investment Managers may request in-house voting research
from Franklin Templeton&rsquo;s Stewardship Team (FT Stewardship). FT Stewardship provides customized research on specific corporate governance
issues that is tailored to the investment manager and corporate engagement undertaken. This research may include opinions on voting decisions;
however, there is no obligation or inference for the Investment Manager to formally vote in line with these opinions. This research supports
the independent vote decision making process, and may reduce reliance on third-party advice for certain votes.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Investment Manager, however, retains the ability to vote a proxy differently
than ISS or Glass Lewis recommends if the Investment Manager determines that it would be in the best interests of Advisory Clients.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Conflicts of Interest</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">All conflicts of interest will be resolved in the best
interests of the Advisory Clients. The Investment Managers are affiliates of a large, diverse financial services firm with many affiliates
and make their best efforts to mitigate conflicts of interest. However, as a general matter, the Investment Managers take the position
that relationships between certain affiliates that do not use the &ldquo;Franklin Templeton&rdquo; name (&ldquo;Independent Affiliates&rdquo;)
and an issuer (e.g., an investment management relationship between an issuer and an Independent Affiliate) do not present a conflict of
interest for an Investment Manager in voting proxies with respect to such issuer because: (i) the Investment Managers operate as an independent
business unit from the Independent Affiliate business units, and (ii) informational barriers exist between the Investment Managers and
the Independent Affiliate business units.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Material conflicts of interest could arise in a variety
of situations, including as a result of the Investment Managers&rsquo; or an affiliate&rsquo;s (other than an Independent Affiliate as
described above): (i) material business relationship with an issuer or proponent, (ii) direct or indirect pecuniary interest in an issuer
or proponent; or (iii) significant personal or family relationship with an issuer or proponent. Material conflicts of interest are identified
by the Proxy Group based upon analyses of client, distributor, broker dealer, and vendor lists, information periodically gathered from
directors and officers, and information derived from other sources, including public filings. The Proxy Group gathers and analyzes this
information on a best-efforts basis, as much of this information is provided directly by individuals and groups other than the Proxy Group,
and the Proxy Group relies on the accuracy of the information it receives from such parties.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Nonetheless, even though a potential conflict of interest between the Investment
Managers or an affiliate (other than an Independent Affiliate as described above) and an issuer may exist: (1) the Investment Managers
may vote in opposition to the recommendations of an issuer&rsquo;s management even if contrary to the recommendations of a third-party
proxy voting research provider; (2) if management has made no recommendations, the Proxy Group may defer to the voting instructions of
the Investment Managers; and (3) with respect to shares held by Franklin Resources, Inc. or its affiliates for their own corporate accounts,
such shares may be voted without regard to these conflict procedures.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Otherwise, in situations where a material conflict of interest is identified
between the Investment Managers or one of its affiliates (other than Independent Affiliates) and an issuer, the Proxy Group may vote consistent
with the voting recommendation of a Proxy Service or send the proxy directly to the relevant Advisory Clients with the Investment Managers&rsquo;
recommendation regarding the vote for approval. To address certain affiliate conflict situations, the Investment Managers will employ
pass-through voting or mirror voting when required pursuant to a fund&rsquo;s governing documents or applicable law.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Where the Proxy Group refers a matter to an Advisory Client, it may rely
upon the instructions of a representative of the Advisory Client, such as the board of directors or trustees, a committee of the board,
or an appointed delegate in the case of a U.S. registered investment company, a conducting officer in the case of a fund that has appointed
FTIS S.&agrave;.r.l as its Management Company, the Independent Review Committee for Canadian investment funds, or a plan administrator
in the case of an employee benefit plan. A quorum of the board of directors or trustees or of a committee of the board can be reached
by a majority of members, or a majority of non-recused members. The Proxy Group may determine to vote all shares held by Advisory Clients
of the Investment Managers and affiliated Investment Managers (other than Independent Affiliates) in accordance with the instructions
of one or more of the Advisory Clients.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Investment Managers may also decide whether to vote proxies for securities
deemed to present conflicts of interest that are sold following a record date, but before a shareholder meeting date. The Investment Managers
may consider various factors in deciding whether to vote such proxies, including the Investment Managers&rsquo; long-term view of the
issuer&rsquo;s securities for investment, or it may defer the decision to vote to the applicable Advisory Client. The Investment Managers
also may be unable to vote, or choose not to vote, a proxy for securities deemed to present a conflict of interest for any of the reasons
outlined in the first paragraph of the section of these policies entitled &ldquo;Proxy Procedures.&rdquo;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Weight Given Management Recommendations</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">One of the primary factors the Investment Managers consider when determining
the desirability of investing in a particular company is the quality and depth of that company&rsquo;s management. Accordingly, the recommendation
of management on any issue is a factor that the Investment Managers consider in determining how proxies should be voted. However, the
Investment Managers do not consider recommendations from management to be determinative of the Investment Managers&rsquo; ultimate decision.
Each issue is considered on its own merits, and the Investment Managers will not support the position of a company&rsquo;s management
in any situation where it determines that the ratification of management&rsquo;s position would adversely affect the investment merits
of owning that company&rsquo;s shares.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Engagement with Issuers</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Investment Managers believe that engagement with issuers is important
to good corporate governance and to assist in making proxy voting decisions. The Investment Managers may engage with issuers to discuss
specific ballot items to be voted on in advance of an annual or special meeting to obtain further information or clarification on the
proposals. The Investment Managers may also engage with management on a range of issues throughout the year.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>THE PROXY GROUP</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Proxy Group&rsquo;s &lsquo;full-time staff members and support staff
are devoted to proxy voting administration and oversight and providing support and assistance where needed. On a daily basis, the Proxy
Group will review each proxy upon receipt as well as any agendas, materials and recommendations that they receive from a Proxy Service
or other sources. The Proxy Group maintains a record of all shareholder meetings that are scheduled for companies whose securities are
held by the Investment Managers&rsquo; managed funds and accounts. For each shareholder meeting, a member of the Proxy Group will consult
with the research analyst that follows the security and provide the analyst with the agenda, analyses of one or more Proxy Services, recommendations
and any other information provided to the Proxy Group. Except in situations identified as presenting material conflicts of interest, the
Investment Managers&rsquo; research analyst and relevant portfolio manager(s) are responsible for making the final voting decision based
on their review of the agenda, analyses of one or more Proxy Services, proxy statements, their knowledge of the company and any other
information publicly available.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In situations where the Investment Managers have not responded with vote
recommendations to the Proxy Group by the deadline date, the Proxy Group may vote consistent with the vote recommendations of a Proxy
Service. Except in cases where the Proxy Group is voting consistent with the voting recommendation of a Proxy Service, the Proxy Group
must obtain voting instructions from the Investment Managers&rsquo; research analysts, relevant portfolio manager(s), legal counsel and/or
the Advisory Client prior to submitting the vote. In the event that an account holds a security that an Investment Manager did not purchase
on its behalf, and the Investment Manager does not normally consider the security as a potential investment for other accounts, the Proxy
Group may vote consistent with the voting recommendations of a Proxy Service or take no action on the meeting.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>PROXY ADMINISTRATION PROCEDURES</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Situations Where Proxies Are Not Voted</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Proxy Group is fully cognizant of its responsibility to process proxies
and maintain proxy records as may be required by relevant rules and regulations. In addition, the Investment Managers understand their
fiduciary duty to vote proxies and that proxy voting decisions may affect the value of shareholdings. Therefore, the Investment Managers
will generally attempt to process every proxy they receive for all domestic and foreign securities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">However, there may be situations in which the Investment Managers may be
unable to successfully vote a proxy, or may choose not to vote a proxy, such as where: (i) a proxy ballot was not received from the custodian
bank; (ii) a meeting notice was received too late; (iii) there are fees imposed upon the exercise of a vote and it is determined that
such fees outweigh the benefit of voting; (iv) there are legal encumbrances to voting, including blocking restrictions in certain markets
that preclude the ability to dispose of a security if an Investment Manager votes a proxy or where the Investment Manager is prohibited
from voting by applicable law, economic or other sanctions, or other regulatory or market requirements, including but not limited to,
effective Powers of Attorney; (v) additional documentation or the disclosure of beneficial owner details is required; (vi) the Investment
Managers held shares on the record date but has sold them prior to the meeting date; (vii) the Advisory Client held shares on the record
date, but the Advisory Client closed the account prior to the meeting date; (viii) a proxy voting service is not offered by the custodian
in the market; (ix) due to either system error or human error, the Investment Managers&rsquo; intended vote is not correctly submitted;
(x) the Investment</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Managers believe it is not in the best interest of the Advisory Client to
vote the proxy for any other reason not enumerated herein; or (xi) a security is subject to a securities lending or similar program that
has transferred legal title to the security to another person.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Rejected Votes</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Even if the Investment Managers use reasonable efforts to vote a proxy on
behalf of their Advisory Clients, such vote or proxy may be rejected because of (a) operational or procedural issues experienced by one
or more third parties involved in voting proxies in such jurisdictions; (b) changes in the process or agenda for the meeting by the issuer
for which the Investment Managers do not have sufficient notice; or (c) the exercise by the issuer of its discretion to reject the vote
of the Investment Managers. In addition, despite the best efforts of the Proxy Group and its agents, there may be situations where the
Investment Managers&rsquo; votes are not received, or properly tabulated, by an issuer or the issuer&rsquo;s agent.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Securities on Loan</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Investment Managers or their affiliates may, on behalf of one or more
of the proprietary registered investment companies advised by the Investment Managers or their affiliates, make efforts to recall any
security on loan where the Investment Manager or its affiliates (a) learn of a vote on an event that may materially affect a security
on loan and (b) determine that it is in the best interests of such proprietary registered investment companies to recall the security
for voting purposes. The ability to timely recall shares is not entirely within the control of the Investment Managers. Under certain
circumstances, the recall of shares in time for such shares to be voted may not be possible due to applicable proxy voting record dates
or other administrative considerations.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Split Voting</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">There may be instances in certain non-U.S. markets where split voting is
not allowed. Split voting occurs when a position held within an account is voted in accordance with two differing instructions. Some markets
and/or issuers only allow voting on an entire position and do not accept split voting. In certain cases, when more than one Franklin Templeton
investment manager has accounts holding shares of an issuer that are held in an omnibus structure, the Proxy Group will seek direction
from an appropriate representative of the Advisory Client with multiple Investment Managers (such as a conducting officer of the Management
Company in the case of a SICAV), or the Proxy Group will submit the vote based on the voting instructions provided by the Investment Manager
with accounts holding the greatest number of shares of the security within the omnibus structure.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Bundled Items</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">If several issues are bundled together in a single voting item, the Investment
Managers will assess the total benefit to shareholders and the extent that such issues should be subject to separate voting proposals.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>PROCEDURES FOR MEETINGS INVOLVING FIXED INCOME SECURITIES &amp; PRIVATELY
HELD ISSUERS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">From time to time, certain custodians may process events for fixed income
securities through their proxy voting channels rather than corporate action channels for administrative convenience. In such cases, the
Proxy Group will receive ballots for such events on the ISS voting platform. The Proxy Group will solicit voting instructions from the
Investment Managers for each account or fund involved. If the Proxy Group does not receive voting instructions from the Investment Managers,
the Proxy Group will take no action on the event. The Investment Managers may be unable to vote a proxy for a fixed income security, or
may choose not to vote a proxy, for the reasons described under the section entitled &ldquo;Proxy Procedures.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In the rare instance where there is a vote for a privately held issuer,
the decision will generally be made by the relevant portfolio managers or research analysts.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The Proxy Group will monitor such meetings involving fixed income securities
or privately held issuers for conflicts of interest in accordance with these procedures. If a fixed income or privately held issuer is
flagged as a potential conflict of interest, the Investment Managers may nonetheless vote as it deems in the best interests of its Advisory
Clients. The Investment Managers will report such decisions on an annual basis to Advisory Clients as may be required.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Appendix A</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">These Proxy Policies apply to accounts managed by personnel within Franklin
Templeton Emerging Markets Equity Group, which includes the following Investment Managers:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Franklin Templeton Investment Management Limited Templeton Asset Management
Ltd.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Franklin Templeton Investments (ME) Limited</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 13.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: -72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">(a)(1) As of August 31, 2025, the portfolio managers of the Fund are as
follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Chetan Sehgal CFA, </B><I>Director of Global Emerging Markets/Small Cap
Strategies of the Templeton Emerging Markets Group and portfolio manager of Asset Management</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Mr. Sehgal has been a portfolio manager of the emerging markets equity portion
of the Fund since March 2017. He joined Franklin Templeton Investments in 1995.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Andrew Ness, ASIP</B>, <I>Portfolio Manager of FTIML</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Mr. Ness has been portfolio manager of the Fund since April 2021. He joined
Franklin Templeton in 2018.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Messrs. Sehgal and Ness are jointly and primarily responsible for the day-to-day
management of the Fund. Each manager has equal authority over all aspects of the Fund&rsquo;s investment portfolio, including, but not
limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance
with anticipated investment management requirements. The degree to which each portfolio manager may perform these functions, and the nature
of these functions, may change from time to time.</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">CFA and Chartered Financial Analyst are trademarks owned by CFA Institute.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">ASIP stands for Associate of the United Kingdom Society for Investment Professionals
(now CFA Society of the United Kingdom).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">(a)(2) This section reflects information about the portfolio manager as
of the fiscal year ended August 31, 2025.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The following table shows the number of other accounts managed by each portfolio
manager and the total assets in the accounts managed within each category:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; background-color: rgb(166,166,166)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border: Black 1pt solid; padding: 4pt; text-align: left; vertical-align: bottom; width: 19%">Name</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding: 4pt; text-align: center; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Number
        of Other Registered<BR> Investment Companies <BR> Managed<SUP>1</SUP>&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding: 4pt; text-align: center; width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Assets
        of Other Registered <BR> Investment Companies<BR> &nbsp;Managed</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding: 4pt; text-align: center; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Number
        of Other Pooled Investment<BR> &nbsp;Vehicles Managed<SUP>1</SUP></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; padding: 4pt; text-align: center; width: 15%">Assets
        of Other Pooled Investment Vehicles<BR> &nbsp;Managed<BR> (x $1 million)1</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding: 4pt; text-align: center; width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Number
        of Other Accounts<BR> &nbsp;Managed<SUP>1</SUP></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; padding: 4pt; text-align: center; width: 15%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid">Assets
        of Other Accounts Managed<BR> (x $1 million)<SUP>1</SUP></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left; vertical-align: top">Chetan
        Sehgal</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid">5</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right">2,425.9</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid">13</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid">7,352.4</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid">3<SUP>2</SUP></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid">1,007.7</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: left; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Andrew
        Ness</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid">4</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid">2,081.0</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid">8</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid">5,470.5</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid">2<SUP>2</SUP></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid">821.6</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><SUP>1</SUP>The various pooled investment vehicles
and accounts listed are managed by a team of investment professionals. Accordingly, the individual managers listed would not be solely
responsible for managing such listed amounts.</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><SUP>2</SUP>Of these accounts, Messrs. Sehgal and Ness both manage one other
account with $821.3 million in assets with a performance fee.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Portfolio managers that provide investment services to the Fund may also
provide services to a variety of other investment products, including other funds, institutional accounts and private accounts. The advisory
fees for some of such other products and accounts may be different than that charged to the Fund and may include performance based compensation
(as noted, in the chart above, if any). This may result in fees that are higher (or lower) than the advisory fees paid by the Fund. As
a matter of policy, each fund or account is managed solely for the benefit of the beneficial owners thereof. As discussed below, the separation
of the trading execution function from the portfolio management function and the application of objectively based trade allocation procedures
help to mitigate potential conflicts of interest that may arise as a result of the portfolio managers managing accounts with different
advisory fees.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Conflicts.</I> The management of multiple funds, including the Fund,
and accounts may also give rise to potential conflicts of interest if the funds and other accounts have different objectives, benchmarks,
time horizons, and fees as the portfolio manager must allocate his or her time and investment ideas across multiple funds and accounts.
The investment manager seeks to manage such competing interests for the time and attention of portfolio managers by having portfolio managers
focus on a particular investment discipline. Most other accounts managed by a portfolio manager are managed using the same investment
strategies that are used in connection with the management of the Fund. Accordingly, portfolio holdings, position sizes, and industry
and sector exposures tend to be similar across similar portfolios, which may minimize the potential for conflicts of interest. As noted
above, the separate management of the trade execution and valuation functions from the portfolio management process also helps to reduce
potential conflicts of interest. However, securities selected for funds or accounts other than the Fund may outperform the securities
selected for the Fund. Moreover, if a</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">portfolio manager identifies a limited investment opportunity that may be
suitable for more than one fund or other account, the Fund may not be able to take full advantage of that opportunity due to an allocation
of that opportunity across all eligible funds and other accounts. The investment manager seeks to manage such potential conflicts by using
procedures intended to provide a fair allocation of buy and sell opportunities among funds and other accounts.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The structure of a portfolio manager&rsquo;s compensation may give rise
to potential conflicts of interest. A portfolio manager&rsquo;s base pay and bonus tend to increase with additional and more complex responsibilities
that include increased assets under management. As such, there may be a relationship between a portfolio manager&rsquo;s marketing or
sales efforts and his or her bonus.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Finally, the management of personal accounts by a portfolio manager may
give rise to potential conflicts of interest. While the funds and the manager have adopted a code of ethics which they believe contains
provisions reasonably necessary to prevent a wide range of prohibited activities by portfolio managers and others with respect to their
personal trading activities, there can be no assurance that the code of ethics addresses all individual conduct that could result in conflicts
of interest.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The manager and the Fund have adopted certain compliance procedures that
are designed to address these, and other, types of conflicts. However, there is no guarantee that such procedures will detect each and
every situation where a conflict arises.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Compensation.</I> The investment manager seeks to maintain a compensation
program that is competitively positioned to attract, retain and motivate top-quality investment professionals. Portfolio managers receive
a base salary, a cash incentive bonus opportunity, an equity compensation opportunity, and a benefits package. Portfolio manager compensation
is reviewed annually and the level of compensation is based on individual performance, the salary range for a portfolio manager&rsquo;s
level of responsibility and Franklin Templeton guidelines. Portfolio managers are provided no financial incentive to favor one fund or
account over another. Each portfolio manager&rsquo;s compensation consists of the following three elements:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Base salary</B> Each portfolio manager is paid a base salary.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Annual bonus</B> Annual bonuses are structured to align the interests
of the portfolio manager with those of the Fund&rsquo;s shareholders. Each portfolio manager is eligible to receive an annual bonus. Bonuses
generally are split between cash (50% to 65%) and restricted shares of Resources stock (17.5% to 25%) and mutual fund shares (17.5% to
25%). The deferred equity-based compensation is intended to build a vested interest of the portfolio manager in the financial performance
of both Resources and mutual funds advised by the investment manager. The bonus plan is intended to provide a competitive level of annual
bonus compensation that is tied to the portfolio manager achieving consistently strong investment performance, which aligns the financial
incentives of the portfolio manager and Fund shareholders. The Chief Investment Officer of the investment manager and/or other officers
of the investment manager, with responsibility for the Fund, have discretion in the granting of annual bonuses to portfolio managers in
accordance with Franklin Templeton guidelines. The following factors are generally used in determining bonuses under the plan:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>Investment performance. </I>Primary consideration is given to the historic investment
        performance over the 1, 3 and 5 preceding years of all accounts managed by the portfolio manager. The pre-tax performance of each fund
        managed is measured relative to a relevant peer group and/or applicable benchmark as appropriate.</TD></TR>
  </TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>Non-investment performance.</I> The more qualitative contributions of the portfolio
        manager to the investment manager&rsquo;s business and the investment management team, including professional knowledge, productivity,
        responsiveness to client needs and communication, are evaluated in determining the amount of any bonus award.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>Responsibilities.</I> The characteristics and complexity of funds managed by the portfolio
        manager are factored in the investment manager&rsquo;s appraisal.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 36pt; text-indent: -18pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Additional long-term equity-based compensation </B> Portfolio managers
may also be awarded restricted shares or units of Resources stock or restricted shares or units of one or more mutual funds. Awards of
such deferred equity-based compensation typically vest over time, so as to create incentives to retain key talent.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Benefits</B> Portfolio managers also participate in benefit plans and
programs available generally to all employees of the investment manager.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Ownership of Fund shares. </I>The investment manager has a policy of
encouraging portfolio managers to invest in the funds they manage. Exceptions arise when, for example, a fund is closed to new investors
or when tax considerations or jurisdictional constraints cause such an investment to be inappropriate for the portfolio manager. The following
is the dollar range of Fund shares beneficially owned by each portfolio manager (such amounts may change from time to time):</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD ROWSPAN="3" STYLE="border: black 1pt solid; text-align: left; padding: 4pt; white-space: nowrap; font: 10pt Arial, Helvetica, Sans-Serif; background-color: #A6A6A6; width: 50%; vertical-align: bottom">Portfolio
        Manager</TD>
    <TD ROWSPAN="3" STYLE="border-top: black 1pt solid; vertical-align: bottom; padding: 4pt; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; background-color: #A6A6A6; text-align: center; width: 50%">Dollar
        Range of Fund<BR> Shares Beneficially<BR> Owned</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt; width: 0px">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">Chetan
        Sehgal</TD>
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; border-bottom: black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">None</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">Andrew
        Ness</TD>
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; border-bottom: black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">None</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 4pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Note: Because the portfolio managers are all foreign nationals, they do
not hold shares in this U.S. registered Fund; however they own shares in other similar Franklin Templeton funds managed by them, registered
offshore and appropriate for foreign nationals.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; width: 50pt; vertical-align: top">Item 14.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: -72pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; width: 34%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding: 4pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; width: 14%; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(a)</FONT></TD>
    <TD STYLE="padding: 4pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; width: 12%; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="padding: 4pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; width: 19%; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(c)</FONT></TD>
    <TD STYLE="padding: 4pt; border-top: Black 1pt solid; border-right: Black 1pt solid; text-align: center; width: 21%; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(d)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; vertical-align: bottom; text-align: left; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Period</FONT></TD>
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total
        Number of Shares Purchased</FONT></TD>
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Average
        Price Paid per Share</FONT></TD>
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total
        Number of Shares Purchased as Part of Publicly Announced Plans or Programs</FONT></TD>
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: center; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Maximum
        Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">September
        1 &ndash; September 28, 2024</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,670</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$12.86</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,670</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">699,156</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">October
        1 &ndash; October 31, 2024</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">36,589</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$13.30</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">36,589</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">662,567</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">November
        1 &ndash; November 30, 2024</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">31,078</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$12.78</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">31,078</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">631,489</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">December
        1 &ndash; December 31, 2024</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">56,108</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$12.43</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">56,108</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">575,381</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">January
        1 &ndash; January 31, 2025</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">52,433</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$12.11</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">52,433</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">522,948</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">February
        1 &ndash; February 28, 2025</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">56,509</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$12.84</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">56,509</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">466,439</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">March
        1 &ndash; March 31, 2025</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">30,161</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$12.95</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">30,161</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">436,278</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">April
        1 &ndash; April 30, 2025</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">28,751</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$11.94</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">28,751</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">407,527
        </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">May
        1 &ndash; May 31, 2025</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">18,407</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$13.35</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">18,407</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">389,120</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">June
        1 &ndash; June 30, 2025</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,518</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$13.74</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,518</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">383,602</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">July
        1 &ndash; July 31, 2025</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">383,602
        </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">August
        1 &ndash; August 31, 2025</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">383,602</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">327,224</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">327,224</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: right; border-right: Black 1pt solid; border-bottom: Black 1pt solid; layout-grid-mode: line">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 15.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt">There have been no changes to the procedures by which shareholders
may recommend nominees to the Registrant&rsquo;s Board of Trustees that would require disclosure herein.</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 16.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">CONTROLS AND PROCEDURES.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: -72pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">(a)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The Registrant&rsquo;s chief executive officer and principal financial officer have concluded
        that the Registrant&rsquo;s disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940,
        as amended (the &ldquo;1940 Act&rdquo;)) are effective as of a date within 90 days of the filing date of this report that includes the
        disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under
        the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">(b)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">During the period covered by this report, the Registrant transitioned to a new third-party
        service provider who performs certain accounting and administrative services for the Registrant that are subject to Franklin Templeton&rsquo;s
        oversight.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; width: 50pt; vertical-align: top">Item 17.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Disclosure of Securities Lending Activities for Closed-End Management Investment Company.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Securities lending agent</B> The board of trustees has approved the Fund&rsquo;s
participation in a securities lending program. Under the securities lending program, JP Morgan Chase Bank serves as the Fund&rsquo;s securities
lending agent.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">For the year ended August 31, 2025, the income earned by the Fund as well
as the fees and/or compensation paid by the Fund in dollars pursuant to a securities lending agreement between the Trust with respect
to the Fund and the Securities Lending Agent were as follows (figures may differ from those shown in shareholder reports due to time of
availability and use of estimates):<B>&#9;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; width: 81%; layout-grid-mode: line"><B>Gross
        income earned by the Fund from&nbsp;securities lending activities</B></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; width: 19%; layout-grid-mode: line">$10,799
        </TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line"><I>Fees
        and/or compensation paid by the Fund for securities lending activities and related services</I></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 18pt; layout-grid-mode: line">Fees
        paid to Securities Lending Agent from revenue split</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">$316</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 18pt; layout-grid-mode: line">Fees
        paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) not included
        in a revenue split&nbsp; </TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">-</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 18pt; layout-grid-mode: line">Administrative
        fees not included in a revenue split</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">-</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 18pt; layout-grid-mode: line">Indemnification
        fees not included in a revenue split</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">-</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 18pt; layout-grid-mode: line">Rebate
        (paid to borrower)</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">$6,862</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 18pt; layout-grid-mode: line">Other
        fees not included above</TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">$28
        </TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line"><B>Aggregate
        fees/compensation paid by the Fund for securities lending activities</B></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">$7,206</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line"><B>Net
        income from securities lending activities</B></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 2pt 0pt 2pt 5.4pt; layout-grid-mode: line">$3,593
        </TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: 0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 18.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">(a)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Not applicable.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">(b)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Not applicable.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 90pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt">ITEM 19.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">EXHIBITS.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 72pt; text-indent: -72pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt; text-indent: 0pt"><A HREF="temf-efp18155_ex99code.htm">(a)
(1) Code of Ethics attached hereto.</A></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt; text-indent: 0pt">Exhibit 99.CODE ETH</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt; text-indent: 0pt"><A HREF="temf-efp18155_ex99cert.htm">(a)
(3) Certifications pursuant to section 302 of the Sarbanes-Oxley Act of 2002 attached hereto.</A></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt; text-indent: 0pt">Exhibit 99.CERT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt; text-indent: 0pt"><A HREF="temf-efp18155_ex99906cert.htm">(b)
Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 attached hereto.</A></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt; text-indent: 0pt">Exhibit 99.906CERT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 50pt; text-indent: 0pt"><A HREF="temf-efp18155_ex99press.htm">(c)
Pursuant to the Securities and Exchange Commission&rsquo;s Order granting relief from Section 19(b) of the Investment Company Act of 1940,
the 19(a) Notices to Beneficial Owners are attached hereto as Exhibit.</A></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="text-indent: 5%; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this Report to be signed on its behalf by the undersigned, there unto
duly authorized.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Templeton Emerging Markets Fund</B></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 35%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">By:</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: Black 1pt solid; text-align: justify">/s/ Christopher Kings</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Christopher Kings</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Chief Executive Officer &ndash; Finance and
    Administration</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Date:</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">October 29, 2025</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-indent: 5%">Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%; text-align: justify">By:</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 35%; border-bottom: Black 1pt solid; text-align: justify">/s/ Christopher Kings</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Christopher Kings</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Chief Executive Officer &ndash; Finance and Administration</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Date:</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">October 29, 2025</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 5%; text-align: justify">By:</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 35%; border-bottom: Black 1pt solid; text-align: justify">/s/
        Jeffrey White</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; width: 60%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify">Jeffrey White</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify">Chief Financial Officer, Chief Accounting
        Officer and Treasurer</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">Date:</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">October 29, 2025</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<TYPE>EX-99.CODEETH
<SEQUENCE>2
<FILENAME>temf-efp18155_ex99code.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 28pt 0 0"><B>Code of Ethics for Principal Executives &amp; Senior Financial
Officers</B></P>

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    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 15%; padding-left: 2.5pt"><B>Procedures</B></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-left: 10pt">Revised [September 27, 2024]</TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 28pt 0 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>FRANKLIN TEMPLETON AFFILIATED
FUNDS</B></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>CODE OF ETHICS FOR PRINCIPAL
EXECUTIVES AND</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>SENIOR FINANCIAL OFFICERS</B></P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">I.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Covered Officers
                                            and Purpose of the Code</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 145pt">&nbsp;</P>





<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 36pt">This code of ethics (the &ldquo;Code&rdquo;)
applies to the Principal Executive Officers, Principal Financial Officer and Principal Accounting Officer (the &ldquo;Covered Officers&rdquo;)
of each investment company advised by a Franklin Resources subsidiary and that is registered with the United States Securities &amp;
Exchange Commission (&ldquo;SEC&rdquo;) (collectively, &ldquo;FT Funds&rdquo;) for the purpose of promoting:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Honest
                                            and ethical conduct, including the ethical resolution of actual or apparent conflicts of
                                            interest between personal and professional relationships;</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Full,
                                            fair, accurate, timely and understandable disclosure in reports and documents that a registrant
                                            files with, or submits to, the SEC and in other public communications made by or on behalf
                                            of the FT Funds;</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Compliance
                                            with applicable laws and governmental rules and regulations;</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">The
                                            prompt internal reporting of violations of the Code to an appropriate person or persons identified
                                            in the Code; and</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Accountability
                                            for adherence to the Code.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 36pt">Each Covered Officer will be
expected to adhere to a high standard of business ethics and must be sensitive to situations that may give rise to actual as well as
apparent conflicts of interest.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 35.85pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 8pt 0 0"><I>* </I>Rule 38a-1 under the Investment Company Act of 1940 (&ldquo;1940
Act&rdquo;) and Rule 206(4)-7 under the Investment Advisers Act of 1940 (&ldquo;Advisers Act&rdquo;) (together the &ldquo;Compliance
Rule&rdquo;) require registered investment companies and registered investment advisers to, among other things, adopt and implement written
policies and procedures reasonably designed to prevent violations of the federal securities laws (&ldquo;Compliance Rule Policies and
Procedures&rdquo;).</P>




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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">II.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Other Policies
                                            and Procedures</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 11.95pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">This Code
shall be the sole code of ethics adopted by the Funds for purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms applicable
to registered investment companies thereunder.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">Franklin
Resources, Inc. has separately adopted the <U>Code of Ethics and Business Conduct</U> (&ldquo;Business Conduct&rdquo;), which is applicable
to all officers, directors and employees of Franklin Resources, Inc., including Covered Officers. It summarizes the values, principles
and business practices that guide the employee&rsquo;s business conduct and also provides a set of basic principles to guide officers,
directors and employees regarding the minimum ethical requirements expected of them. It supplements the values, principles and business
conduct identified in the Code and other existing employee policies.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 12.65pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">Additionally,
the Franklin Templeton Funds have separately adopted the <U>FTI Personal Investments and Insider Trading Policy</U> governing personal
securities trading and other related matters. The Code for Insider Trading provides for separate requirements that apply to the Covered
Officers and others, and therefore is not part of this Code.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.1pt 0pt 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0pt 0pt; text-align: justify; text-indent: 35.95pt">Insofar as other
policies or procedures of Franklin Resources, Inc., the Funds, the Funds&rsquo; adviser, principal underwriter, or other service providers
govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superseded by this
Code to the extent that they overlap or conflict with the provisions of this Code. Please review these other documents or consult with
the Legal Department if have questions regarding the applicability of these policies to you.</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">III.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-right: 80.1pt">Covered
                                            Officers Should Handle Ethically Actual and Apparent Conflicts of Interest</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 35.95pt"><B>Overview.
</B>A &ldquo;conflict of interest&rdquo; occurs when a Covered Officer&rsquo;s private interest interferes with the interests of, or
his or her service to, the FT Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of his family,
receives improper personal benefits as a result of a position with the FT Funds.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0pt 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0pt 0pt; text-align: justify; text-indent: 35.95pt">Certain conflicts
of interest arise out of the relationships between Covered Officers and the FT Funds and already are subject to conflict of interest
provisions in the Investment Company Act of 1940 (&ldquo;Investment Company Act&rdquo;) and the Investment Advisers Act of 1940 (&ldquo;Investment
Advisers Act&rdquo;). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale
of securities or other property) with the FT Funds because of their status as &ldquo;affiliated persons&rdquo; of the FT Funds. The FT
Funds&rsquo; and the investment advisers&rsquo; compliance programs and procedures are designed to prevent, or identify and correct,
violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such
conflicts fall outside of the parameters of this Code.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0pt 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">Although
typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship
between the FT Funds, the investment advisers and the fund administrator of which the Covered Officers are also officers or employees.
As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the FT Funds,
for the adviser, the administrator, or for all three), be involved in establishing policies and implementing decisions that will have
different effects on the</P>




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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify">adviser, administrator and the FT
Funds. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the FT Funds,
the adviser, and the administrator and is consistent with the performance by the Covered Officers of their duties as officers of the
FT Funds. Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities
will be deemed to have been handled ethically. In addition, it is recognized by the FT Funds&rsquo; Boards of Directors (&ldquo;Boards&rdquo;)
that the Covered Officers may also be officers or employees of one or more other investment companies covered by this or other codes.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0pt 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0pt 0pt; text-align: justify; text-indent: 35.95pt">Other conflicts
of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and
the Investment Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should
keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should
not be placed improperly before the interest of the FT Funds.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 10pt 0pt; text-align: justify">Each Covered Officer must:</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Not
                                            use his or her personal influence or personal relationships improperly to influence investment
                                            decisions or financial reporting by the FT Funds whereby the Covered Officer would benefit
                                            personally to the detriment of the FT Funds;</TD></TR></TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>
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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Not
                                            cause the FT Funds to take action, or fail to take action, for the individual personal benefit
                                            of the Covered Officer rather than the benefit of the FT Funds;</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Not
                                            retaliate against any other Covered Officer or any employee of the FT Funds or their affiliated
                                            persons for reports of potential violations that are made in good faith;</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Report
                                            at least annually the following affiliations or other relationships:<SUP>1</SUP></TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt/92% Arial, Helvetica, Sans-Serif; margin-top: 0.8pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">all
                                            directorships for public companies and all companies that are required to file reports with
                                            the SEC;</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt/92% Arial, Helvetica, Sans-Serif; margin-top: 0.8pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">any
                                            direct or indirect business relationship with any independent directors of the FT Funds;&#8239;</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt/92% Arial, Helvetica, Sans-Serif; margin-top: 0.8pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">any
                                            direct or indirect business relationship with any independent public accounting firm (which
                                            are not related to the routine issues related to the firm&rsquo;s service as the Covered
                                            Persons accountant); and</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt/92% Arial, Helvetica, Sans-Serif; margin-top: 0.8pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 50pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">any
                                            direct or indirect interest in any transaction with any FT Fund that will benefit the officer
                                            (not including benefits derived from the advisory, sub-advisory, distribution or service
                                            agreements with affiliates of Franklin Resources).</TD></TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0pt 0pt 36pt; text-align: justify">These reports will be reviewed by the
Legal Department for compliance with the Code.</P>

<P STYLE="font: 10pt/100% Arial, Helvetica, Sans-Serif; margin: 5.85pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">There
are some conflict of interest situations that should always be approved in writing by Franklin Resources General Counsel or Deputy General
Counsel, if material. Examples of these include<SUP>2</SUP>:</P>

<P STYLE="font: 10pt/100% Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 35.95pt">&nbsp;</P>

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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Service
                                            as a director on the board of any public or private Company.</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
                                                                                                                  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The
                                            receipt of any gifts in excess of $100 from any person, from any corporation or association.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>
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<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 5.4pt 0pt 0pt"><SUP>1</SUP> Reporting of these affiliations or other
relationships shall be made by completing the annual Directors and Officers Questionnaire and returning the questionnaire to Franklin
Resources Inc, General Counsel or Deputy General Counsel.</P>

<P STYLE="font: 10pt/9.45pt Arial, Helvetica, Sans-Serif; margin: 0 0pt 0pt"><SUP>2</SUP> Any activity or relationship that would present
a conflict for a Covered Officer may also present a conflict for the Covered Officer if a member of the Covered Officer&rsquo;s immediate family engages in such an activity or has such a relationship. The Covered Person should also obtain written approval by
FT&rsquo;s General Counsel in such situations.</P>






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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">The
                                            receipt of any entertainment from any Company with which the FT Funds has current or prospective
                                            business dealings unless such entertainment is business related, reasonable in cost, appropriate
                                            as to time and place, and not so frequent as to raise any question of impropriety. Notwithstanding
                                            the foregoing, the Covered Officers must obtain prior approval from the Franklin Resources
                                            General Counsel for any entertainment with a value in excess of $1000.</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">&nbsp;</TD></TR>
                                                                                                                            </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Any
                                            ownership interest in, or any consulting or employment relationship with, any of the FT Fund&rsquo;s
                                            service providers, other than an investment adviser, principal underwriter, administrator
                                            or any affiliated person thereof.</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 42.95pt">&nbsp;</TD></TR>
                                                                                       </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">A
                                            direct or indirect financial interest in commissions, transaction charges or spreads paid
                                            by the FT Funds for effecting portfolio transactions or for selling or redeeming shares other
                                            than an interest arising from the Covered Officer&rsquo;s employment, such as compensation
                                            or equity ownership.</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 42.7pt">&nbsp;</TD></TR>
                                                                          </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Franklin
                                            Resources General Counsel or Deputy General Counsel, or the Chief Compliance Officer, will
                                            provide a report to the FT Funds Audit Committee of any approvals granted at the next regularly
                                            scheduled meeting.</TD></TR></TABLE>



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<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">IV.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Disclosure
                                            and Compliance</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
                                                                    </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Each
                                            Covered Officer should familiarize himself with the disclosure requirements generally applicable
                                            to the FT Funds;</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 43.05pt">&nbsp;</TD></TR>
                                                                      </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Each
                                            Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts
                                            about the FT Funds to others, whether within or outside the FT Funds, including to the FT
                                            Funds&rsquo; directors and auditors, and to governmental regulators and self- regulatory
                                            organizations;</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 42.7pt">&nbsp;</TD></TR>
                                                                    </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Each
                                            Covered Officer should, to the extent appropriate within his or her area of responsibility,
                                            consult with other officers and employees of the FT Funds, the FT Fund&rsquo;s adviser and
                                            the administrator with the goal of promoting full, fair, accurate, timely and understandable
                                            disclosure in the reports and documents the FT Funds file with, or submit to, the SEC and
                                            in other public communications made by the FT Funds; and</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 42.6pt">&nbsp;</TD></TR>
                                                                                                              </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">It
                                            is the responsibility of each Covered Officer to promote compliance with the standards and
                                            restrictions imposed by applicable laws, rules and regulations.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">V.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Reporting
                                            and Accountability</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0pt; margin: 10pt 0pt 0pt">Each Covered Officer must:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt; text-indent: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Upon
                                            becoming a covered officer affirm in writing to the Board that he or she has received, read,
                                            and understands the Code (see Exhibit A);</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 43.1pt">&nbsp;</TD></TR>
                                                                                               </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Annually
                                            thereafter affirm to the Board that he has complied with the requirements of the Code; and</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 42.65pt">&nbsp;</TD></TR>
                                                                                                                                                </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Notify
                                            Franklin Resources&rsquo; General Counsel or Deputy General Counsel promptly if he or she
                                            knows of any violation of this Code. Failure to do so is itself is a violation of this Code.</TD></TR></TABLE>




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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3.9pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">Franklin Resources&rsquo;
General Counsel and Deputy General Counsel are responsible for applying this Code to specific situations in which questions are presented
under it and have the authority to interpret this Code in any particular situation.<SUP>3</SUP> However, the Independent Directors of
the respective FT Funds will consider any approvals or waivers<SUP>4</SUP> sought by any Chief Executive Officers of the Funds.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 35.95pt">The FT Funds will follow these procedures in investigating and
enforcing this Code:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Franklin
                                            Resources General Counsel or Deputy General Counsel will take all appropriate action to investigate
                                            any potential violations reported to the Legal Department;</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 42.85pt">&nbsp;</TD></TR>
                                                                                                                </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">If,
                                            after such investigation, the General Counsel or Deputy General Counsel believes that no
                                            violation has occurred, The General Counsel is not required to take any further action;</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">&nbsp;</TD></TR>
                                                                                                                                             </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Any
                                            matter that the General Counsel or Deputy General Counsel believes is a violation will be
                                            reported to the Independent Directors of the appropriate FT Fund;</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 43.05pt">&nbsp;</TD></TR>
                                                                                                                       </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">If
                                            the Independent Directors concur that a violation has occurred, it will inform and make a
                                            recommendation to the Board of the appropriate FT Fund or Funds, which will consider appropriate
                                            action, which may include review of, and appropriate modifications to, applicable policies
                                            and procedures; notification to appropriate personnel of the investment adviser or its board;
                                            or a recommendation to dismiss the Covered Officer;</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 42.7pt">&nbsp;</TD></TR>
                                                                                                         </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">The
                                            Independent Directors will be responsible for granting waivers, as appropriate; and</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
                                                                                                                                         </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">Any
                                            changes to or waivers of this Code will, to the extent required, are disclosed as provided
                                            by SEC rules.<SUP>5</SUP></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 11.55pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">VI.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Other
                                            Policies and Procedures</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">This Code
shall be the sole code of ethics adopted by the FT Funds for purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms
applicable to registered investment companies thereunder. Insofar as other policies or procedures of the FT Funds, the FT Funds&rsquo;
advisers, principal underwriter, or other service providers govern or purport to govern the behavior or activities of the Covered Officers
who are subject to this Code, they are superseded by this Code to the extent that they overlap or conflict with the provisions of this
Code. The FTI Personal Investments and Insider Trading Policy, adopted by the FT Funds, FT investment advisers and FT Fund&rsquo;s principal
underwriter pursuant to Rule 17j-1 under the Investment Company Act, the Code of Ethics and Business Conduct and more detailed policies
and procedures set forth in FT&rsquo;s Employee Handbook are separate requirements applying to the Covered Officers and others, and are
not part of this Code.</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 10pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">VII.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Amendments</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 11.9pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">Any amendments
to this Code must be approved or ratified by a majority vote of the FT Funds&rsquo; Board including a majority of independent directors.</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
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<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 5.4pt 0pt 0pt; text-align: justify"><SUP>3</SUP> Franklin Resources
General Counsel and Deputy General Counsel are authorized to consult, as appropriate, with members of the Audit Committee, counsel to
the FT Funds and counsel to the Independent Directors, and are encouraged to do so.</P>

<P STYLE="font: 10pt/9.45pt Arial, Helvetica, Sans-Serif; margin: 0 0pt 0pt; text-align: justify"><SUP>4</SUP> Item 2 of Form N-CSR
defines &ldquo;waiver&rdquo; as &ldquo;the approval by the registrant of a material departure from a provision of the code of
ethics&rdquo; and &ldquo;implicit waiver,&rdquo; which must also be disclosed, as &ldquo;the registrant&rsquo;s failure to take
action within a reasonable period of time regarding a material departure from a provision of the code of ethics that has been made
known to an executive officer&rdquo; of the registrant. See Part X.</P>

<P STYLE="font: 10pt/10.95pt Arial, Helvetica, Sans-Serif; margin: 0pt"><SUP>5</SUP> See Part X.</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 4.05pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">VIII.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Confidentiality</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 10pt 0pt; text-align: justify; text-indent: 35.95pt">All reports
and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly.
Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the FT Funds&rsquo; Board
and their counsel.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top:
pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">IX.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Internal
                                            Use</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 11.85pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">The Code
is intended solely for the internal use by the FT Funds and does not constitute an admission, by or on behalf of any FT Funds, as to
any fact, circumstance, or legal conclusion.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 10pt; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 36pt">X.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Disclosure
                                            on Form N-CSR</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">Item 2 of
Form N-CSR requires a registered management investment company to disclose annually whether, as of the end of the period covered by the
report, it has adopted a code of ethics that applies to the registrant&rsquo;s principal executive officer, principal financial officer,
principal accounting officer or controller, or persons performing similar functions, regardless of whether these officers are employed
by the registrant or a third party. If the registrant has not adopted such a code of ethics, it must explain why it has not done so.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">The registrant
must also: (1) file with the SEC a copy of the code as an exhibit to its annual report; (2) post the text of the code on its Internet
website and disclose, in its most recent report on Form N-CSR, its Internet address and the fact that it has posted the code on its Internet
website; or (3) undertake in its most recent report on Form N-CSR to provide to any person without charge, upon request, a copy of the
code and explain the manner in which such request may be made. Disclosure is also required of amendments to, or waivers (including implicit
waivers) from, a provision of the code in the registrant&rsquo;s annual report on Form N-CSR or on its website. If the registrant intends
to satisfy the requirement to disclose amendments and waivers by posting such information on its website, it will be required to disclose
its Internet address and this intention.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6.05pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">The Legal Department shall be responsible
for ensuring that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify; text-indent: 35.95pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">a
                                            copy of the Code is filed with the SEC as an exhibit to each Fund&rsquo;s annual report;
                                            and</TD></TR><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
                                                         </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="padding-right: 0pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&bull;</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0pt">any
                                            amendments to, or waivers (including implicit waivers) from, a provision of the Code is disclosed
                                            in the registrant&rsquo;s annual report on Form N-CSR.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6.05pt 0pt 0pt; text-align: justify; text-indent: 35.95pt">In the event
that the foregoing disclosure is omitted or is determined to be incorrect, the Legal Department shall promptly file such information
with the SEC as an amendment to Form N- CSR.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 5.95pt 0pt 0pt; text-indent: 35.95pt">In such an event, the Fund Chief
Compliance Officer shall review the Code and propose such changes to the Code as are necessary or appropriate to prevent reoccurrences.</P>




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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>Exhibit A</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>ACKNOWLEDGMENT FORM</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>Franklin Templeton Funds Code
of Ethics</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 10pt"><B>For Principal Executives
and Senior Financial Officers</B></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt"><B>Instructions:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">1.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Complete
                                            all sections of this form.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">2.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">Print
                                            the completed form, sign, and date.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 17.9pt">3.</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 5pt">Submit
                                            completed form to FT&rsquo;s General Counsel c/o Code of Ethics Administration within 10
                                            days of becoming a Covered Officer and by February 15<SUP>th</SUP> of each subsequent year.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">&nbsp;</TD>
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 40pt; text-align: left"><B>E-mail:</B></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">Code
                                            of Ethics Inquiries &amp; Requests (internal address);</P>
                                                                                <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">lpreclear@franklintempleton.com
                                            (external address)</P></TD>
</TR></TABLE>




<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: Red">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"><B>Covered Officer&rsquo;s
    Name:</B></TD>
    <TD STYLE="border-top: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-right: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><B>Title:</B></TD>
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><B>Department:</B></TD>
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><B>Location:</B></TD>
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: black 1pt solid; border-left: black 1pt solid"><B>Certification
    for Year Ending:</B></TD>
    <TD STYLE="border-right: black 1pt solid; padding: 4pt; font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: Red"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: Red"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: left"><B><I>To:</I></B>&#9;<B><I>Franklin Resources General
Counsel, Legal Department</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify">I acknowledge receiving, reading and understanding
the Franklin Templeton Fund&rsquo;s Code of Ethics for Principal Executive Officers and Senior Financial Officers (the &ldquo;Code&rdquo;).
I will comply fully with all provisions of the Code to the extent they apply to me during the period of my employment. I further understand
and acknowledge that any violation of the Code may subject me to disciplinary action, including termination of employment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: Red">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; color: Red"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 41%"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 50%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"><B><I>Signature</I></B></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"><B><I>Date signed</I></B></TD></TR>
  </TABLE>

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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>temf-efp18155_ex99cert.htm
<DESCRIPTION>CERTIFICATIONS PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">CERTIFICATIONS PURSUANT TO SECTION 302</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">EX-99.CERT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><U>CERTIFICATIONS</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">I, Christopher Kings, certify that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">I have reviewed this report on
Form N-CSR of <B>Templeton Emerging Markets Fund</B>;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by this report;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material respects the financial condition, results of operations,
changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant
as of, and for, the periods presented in this report;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The registrant&rsquo;s other certifying officers and I are
responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company
Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for
the registrant and have:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the
period in which this report is being prepared; </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 40.5pt; text-align: justify; text-indent: -22.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Evaluated the effectiveness of the registrant&rsquo;s
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 40.5pt; text-align: justify; text-indent: -22.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Disclosed in this report any change in the registrant&rsquo;s
internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant&rsquo;s internal control over financial reporting; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The registrant&rsquo;s other certifying officers
and I have disclosed to the registrant&rsquo;s auditors and the audit committee of the registrant&rsquo;s board of directors (or persons
performing the equivalent functions):</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&rsquo;s
ability to record, process, summarize, and report financial information; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Any fraud, whether or not material, that involves
management or other employees who have a significant role in the registrant&rsquo;s internal control over financial reporting.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>



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  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Date:
    &#8239; &#8239;&#8239;October 29, 2025</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 35%; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 30%; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; width: 35%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">/s/ Christopher Kings</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Christopher Kings</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: left">Executive Officer &ndash; Finance and Administration</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: justify">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><U>CERTIFICATIONS</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">I, Jeffrey White, certify that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">1.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">I have reviewed this report on Form N-CSR of <B>Templeton
Emerging Markets Fund</B>;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 22.5pt; text-align: justify; text-indent: -22.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by this report;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">3.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Based on my knowledge, the financial information
included in this report, and the financial statements on which the financial information is based, fairly present in all material respects
the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include
a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The registrant&rsquo;s other certifying officers
and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)
for the registrant and have:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">a)</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 36pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">b)</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 36pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">c)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Evaluated the effectiveness of the registrant&rsquo;s disclosure
controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures,
as of a date within 90 days prior to the filing date of this report based on such evaluation; and </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 36pt; text-indent: -13.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt">d)</TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Disclosed in this report any change in the registrant&rsquo;s internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant&rsquo;s internal control
over financial reporting; and</TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 36pt; text-indent: -18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 0%"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5.</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The registrant&rsquo;s other certifying officers
and I have disclosed to the registrant&rsquo;s auditors and the audit committee of the registrant&rsquo;s board of directors (or persons
performing the equivalent functions):</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&rsquo;s
ability to record, process, summarize, and report financial information; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
<TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b)</FONT></TD><TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Any fraud, whether or not material, that involves
management or other employees who have a significant role in the registrant&rsquo;s internal control over financial reporting.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Date: &#8239;&#8239;&#8239;&#8239;October 29, 2025</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 35%; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 30%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">/s/
    Jeffrey White</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Jeffrey White</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Chief Financial Officer, Chief Accounting Officer and Treasurer</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CERT
<SEQUENCE>4
<FILENAME>temf-efp18155_ex99906cert.htm
<DESCRIPTION>CERTIFICATIONS PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">CERTIFICATIONS PURSUANT TO SECTION 906</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">EX-99.906CERT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">CERTIFICATION</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Christopher Kings,</B> Chief Executive Officer &ndash; Finance and Administration,
and <B>Jeffrey White,</B> Chief Financial Officer, Chief Accounting Officer and Treasurer of <B>Templeton Emerging Markets Fund. </B>(the
&ldquo;Registrant&rdquo;), each certify to the best of their knowledge that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The Registrant&rsquo;s periodic report on Form N-CSR for
the period ended <B>August 31, 2025</B> (the &ldquo;Form N-CSR&rdquo;) fully complies with the requirements of Section 13(a) or 15(d),
as applicable, of the Securities Exchange Act of 1934, as amended; and</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 9pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The information contained in the Form N-CSR fairly presents,
in all material respects, the financial condition and results of operations of the Registrant.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 35%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Chief Executive Officer &ndash;</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; width: 30%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 35%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Chief Financial Officer, Chief</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Finance and Administration</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Accounting Officer and Treasurer</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Templeton Emerging Markets Fund</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Templeton Emerging Markets Fund</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/s/ Christopher Kings</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/s/ Jeffrey White</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Christopher Kings</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Jeffrey White</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Date: October 29, 2025</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Date: October 29, 2025</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This certification is being furnished to the Securities and Exchange Commission
solely pursuant to 18 U.S.C. &sect; 1350 and is not being filed as part of the Form N-CSR with the Commission.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.PRESS
<SEQUENCE>5
<FILENAME>temf-efp18155_ex99press.htm
<DESCRIPTION>PURSUANT TO THE SECURITIES AND EXCHANGE
<TEXT>
<html>
<head>
<title></title>
<!--Uncomment the following meta tag to help resolve IE/Edge rendering problems. This tag cannot be uncommented in an SEC submission or it will be rejected.-->
<!--<meta http-equiv="X-UA-Compatible" content="IE=edge">-->

</head><body style="margin: 0px"><div style="page: WordSection1">

<div style="border: none;border-bottom: solid windowtext 1.0pt;padding: 0in 0in 1.0pt 0in">

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">TEMPLETON
EMERGING MARKETS FUND</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">300
S.E. 2nd Street</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Fort
Lauderdale, FL 33301</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

</div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">FOR IMMEDIATE RELEASE:</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">For
more information, please contact Franklin Templeton at 1-800-342-5236.</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">TEMPLETON
EMERGING MARKETS FUND (&#8220;EMF&#8221;)</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">ANNOUNCES
NOTIFICATION OF SOURCES OF DISTRIBUTIONS</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">Fort
Lauderdale, Florida, March 28, 2025. Templeton Emerging Markets Fund [NYSE: EMF]<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in">

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  <td width="102" height="0"></td>
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  <td></td>
  <td><div style="background-color: transparent;background-repeat: no-repeat;background-size: cover;height: 48px;width: 481px;background-image:url(data:image/png;base64,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)"></div></td>
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<br clear="ALL">


<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">The Fund&#8217;s estimated
sources of the distribution to be paid on March 31, 2025 and for the fiscal
year 2025 year-to-date are as follows:</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Estimated Allocations for March Quarterly
Distribution:</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<table border="1" cellspacing="0" cellpadding="0" width="620" style="border-collapse: collapse;border: none;margin-left: 9.0pt">
 <tr style="height: 17.25pt">
  <td width="110" valign="top" style="width: 82.7pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Distribution </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Per Share </div></div>
  </td>
  <td width="117" valign="top" style="width: 87.9pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Investment </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Income </div></div>
  </td>
  <td width="152" valign="top" style="width: 113.75pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Realized </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Short-Term Capital</div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Gains </div></div>
  </td>
  <td width="131" valign="top" style="width: 98.25pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Realized </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Long-Term Capital Gains </div></div>
  </td>
  <td width="110" valign="top" style="width: 82.7pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Return of Capital </div></div>
  </td>
 </tr>
 <tr style="height: .15in">
  <td width="110" valign="top" style="width: 82.7pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.2200 </div></div>
  </td>
  <td width="117" valign="top" style="width: 87.9pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.00 (0%)</div></div>
  </td>
  <td width="152" valign="top" style="width: 113.75pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.0602 (27%)</div></div>
  </td>
  <td width="131" valign="top" style="width: 98.25pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.00 (0%)</div></div>
  </td>
  <td width="110" valign="top" style="width: 82.7pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.1598 (73%)</div></div>
  </td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 9.5pt;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Cumulative Estimated Allocations fiscal
year-to-date as of December 31, 2024, for the fiscal year ending August 31,
2025:</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<table border="1" cellspacing="0" cellpadding="0" width="621" style="border-collapse: collapse;border: none;margin-left: 9.0pt">
 <tr style="height: 16.6pt">
  <td width="110" valign="top" style="width: 1.15in;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Distribution </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Per Share </div></div>
  </td>
  <td width="117" valign="top" style="width: 87.95pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Investment </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Income </div></div>
  </td>
  <td width="152" valign="top" style="width: 113.85pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Realized </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Short-Term Capital</div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Gains </div></div>
  </td>
  <td width="131" valign="top" style="width: 98.35pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Realized </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Long-Term Capital</div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Gains </div></div>
  </td>
  <td width="110" valign="top" style="width: 1.15in;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Return of Capital </div></div>
  </td>
 </tr>
 <tr style="height: 6.75pt">
  <td width="110" valign="top" style="width: 1.15in;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.5114 </div></div>
  </td>
  <td width="117" valign="top" style="width: 87.95pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.00 (0%)</div></div>
  </td>
  <td width="152" valign="top" style="width: 113.85pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.3623 (71%)</div></div>
  </td>
  <td width="131" valign="top" style="width: 98.35pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.00 (0%)</div></div>
  </td>
  <td width="110" valign="top" style="width: 1.15in;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.1491 (29%)</div></div>
  </td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Shareholders should not draw any
conclusions about the Fund&#8217;s investment performance from the amount of the
current distribution or from the terms of the Fund&#8217;s Plan.&#160; EMF estimates that
it has distributed more than its income and net realized capital gains;
therefore, a portion of the EMF distribution to shareholders may be a return of
capital. A return of capital may occur, for example, when some or all of the
money that a shareholder invested in a Fund is paid back to them. A return of
capital distribution does not necessarily reflect EMF&#8217;s investment performance
and should not be confused with &#8216;yield&#8217; or &#8216;income&#8217;. The amounts and sources of
distributions reported herein are only estimates and are not being provided for
tax reporting purposes.&#160; The actual amounts and sources of the amounts for tax
reporting purposes will depend upon the Fund&#8217;s investment experience during the
remainder of its fiscal year and may be subject to changes based on tax
regulations. The Fund will send a Form 1099-DIV to shareholders for the
calendar year that will describe how to report the Fund&#8217;s distributions for
federal income tax purposes.</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<table border="1" cellspacing="0" cellpadding="0" width="636" style="border-collapse: collapse;border: none;margin-left: -.25pt">
 <tr style="height: 44.1pt">
  <td width="154" valign="top" style="width: 115.65pt;border: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 44.1pt">
  <div style="font-size: 12.0pt;font-family: Courier;line-height: 102%;text-autospace: none;margin-left: 6.35pt;margin-right: 4.3pt;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 102%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Average
  Annual Total Return (in relation to the change in net asset value (NAV) for
  the 5-year period ended on 2/28/2025)<sup>1</sup></div></div>
  </td>
  <td width="154" valign="top" style="width: 115.65pt;border: solid black 1.0pt;border-left: none;padding: 0in 0in 0in 0in;height: 44.1pt">
  <div style="font-size: 12.0pt;font-family: Courier;line-height: 102%;text-autospace: none;margin-left: 6.35pt;margin-right: 4.3pt;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 102%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Annualized
  Distribution Rate (as a percentage of NAV for the current fiscal period
  through 2/28/2025)<sup>2</sup></div></div>
  </td>
  <td width="154" valign="top" style="width: 1.6in;border: solid black 1.0pt;border-left: none;padding: 0in 0in 0in 0in;height: 44.1pt">
  <div style="font-size: 12.0pt;font-family: Courier;line-height: 103%;text-autospace: none;margin-left: 12.25pt;margin-right: 10.9pt;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 103%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Cumulative
  Total Return (in relation to the change in NAV for the fiscal period through 2/28/2025)<sup>3</sup></div></div>
  </td>
  <td width="174" valign="top" style="width: 130.5pt;border: solid black 1.0pt;border-left: none;padding: 0in 0in 0in 0in;height: 44.1pt">
  <div style="font-size: 12.0pt;font-family: Courier;line-height: 103%;text-autospace: none;margin-left: 17.45pt;margin-right: 15.85pt;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 103%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Cumulative
  Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2025)<sup>4</sup></div></div>
  </td>
 </tr>
 <tr style="height: 13.0pt">
  <td width="154" valign="top" style="width: 115.65pt;border: solid black 1.0pt;border-top: none;padding: 0in 0in 0in 0in;height: 13.0pt">
  <div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 24.5pt;margin-right: 24.05pt;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">4.08%</div></div>
  </td>
  <td width="154" valign="top" style="width: 115.65pt;border-top: none;border-left: none;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 13.0pt">
  <div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 24.5pt;margin-right: 24.05pt;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">5.91%</div></div>
  </td>
  <td width="154" valign="top" style="width: 1.6in;border-top: none;border-left: none;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 13.0pt">
  <div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 24.65pt;margin-right: 24.05pt;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">4.26%</div></div>
  </td>
  <td width="174" valign="top" style="width: 130.5pt;border-top: none;border-left: none;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 13.0pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 41.15pt;margin-right: 0in;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">3.43%</div></div>
  </td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 1.0pt;margin-bottom: 0in"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 1.0pt;margin-bottom: 0in"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Fund Performance
and Distribution Rate Information:</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: .3pt;margin-bottom: 0in"><b><div style="font-size: 9.5pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-indent: -12.85pt;text-autospace: none;margin-left: .25in;margin-right: 12.2pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">1.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160; </div></div></b><div dir="LTR" style="display: inline"></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Average
Annual Total Return in relation to NAV represents the compound average of the
Annual NAV Total Returns of the Fund for the five-year period ended through
February 28, 2025. Annual NAV Total Return is the percentage change in the
Fund&#8217;s NAV over a year, assuming reinvestment of distributions paid.</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-indent: -12.85pt;text-autospace: none;margin-left: .25in;margin-right: 12.2pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">2.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160; </div></div></b><div dir="LTR" style="display: inline"></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">The
Annualized Distribution Rate is the current fiscal period&#8217;s distribution rate
annualized as a percentage of the Fund&#8217;s NAV through February 28, 2025.</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-indent: -12.85pt;text-autospace: none;margin-left: .25in;margin-right: 12.2pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">3.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160; </div></div></b><div dir="LTR" style="display: inline"></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Cumulative
Total Return is the percentage change in the Fund&#8217;s NAV from August 31, 2024
through February 28, 2025, assuming reinvestment of distributions paid.</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-indent: -12.85pt;text-autospace: none;margin-left: .25in;margin-right: 12.2pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">4.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160; </div></div></b><div dir="LTR" style="display: inline"></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">The
Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of
distributions for the fiscal period (August 31, 2024 through December 31,
2024), as a percentage of the Fund&#8217;s NAV as of February 28, 2025.</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 112.2pt;margin-right: 111.8pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br>
The Fund&#8217;s Board of Trustees (the &#8220;Board&#8221;) has authorized a Managed
Distribution Plan (the &#8220;Plan&#8221;), under which the Fund will make quarterly
distributions to shareholders at a fixed rate of $0.22 per share. The Plan aims
to provide shareholders with consistent quarterly distributions derived from
ordinary income and short-term capital gains generated by the Fund&#8217;s investment
portfolio. Additionally, the Plan seeks to narrow the discount between the
market price and the net asset value (&#8220;NAV&#8221;) of the Fund&#8217;s common shares,
although success in this regard cannot be guaranteed.</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">In the event that sufficient distributable
income is not available on a quarterly basis, the Fund will distribute
long-term capital gains and/or return of capital to maintain its managed
distribution rate. A return of capital may occur when some or all of the
invested capital is paid back to shareholders. It is important to note that a
return of capital distribution does not necessarily reflect the Fund&#8217;s
investment performance and should not be confused with &#8220;yield&#8221; or &#8220;income.&#8221;
Even if the Fund realizes capital gains in the current year, such gains may be
offset, in whole or in part, by the Fund&#8217;s capital loss carryovers from prior
years.</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>
</div>



<div style="page: WordSection1">
<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">The Board may amend the terms of the Plan
or terminate the Plan at any time without prior notice to the Fund&#8217;s
shareholders. The amendment or termination of the Plan could have an adverse
effect on the market price of the Fund&#8217;s common shares. The Plan will be
subject to periodic review by the Board, including a yearly review of the fixed
rate to determine if an adjustment should be made.</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 111.8pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 112.2pt;margin-right: 111.8pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 112.2pt;margin-right: 111.8pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">For
further information on Franklin Limited Duration Income Trust, please visit our
web site at: </div></b><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">www.franklintempleton.com</div></b><div style="color: #0563C1;text-decoration: underline;display: inline;"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br>
</div></b></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;letter-spacing: -.25pt;display: inline;">Franklin Resources,
Inc. is a global investment management organization with subsidiaries operating
as Franklin Templeton and serving clients in over 150 countries. Franklin
Templeton&#8217;s mission is to help clients achieve better outcomes through
investment management expertise, wealth management and technology solutions.
Through its specialist investment managers, the company offers specialization
on a global scale, bringing extensive capabilities in fixed income, equity,
alternatives and multi-asset solutions. With more than 1,500 investment
professionals, and offices in major financial markets around the world, the
California-based company has over 75 years of investment experience and $1.58
trillion in assets under management as of February 28, 2025. For more
information, please visit franklintempleton.com.</div></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

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<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="border: none;border-bottom: solid windowtext 1.0pt;padding: 0in 0in 1.0pt 0in">

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">TEMPLETON
EMERGING MARKETS FUND</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">300
S.E. 2nd Street</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Fort
Lauderdale, FL 33301</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;border: none;padding: 0in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

</div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-align: justify;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">FOR IMMEDIATE RELEASE:</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">For
more information, please contact Franklin Templeton at 1-800-342-5236.</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">TEMPLETON
EMERGING MARKETS FUND (&#8220;EMF&#8221;)</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">ANNOUNCES
NOTIFICATION OF SOURCES OF DISTRIBUTIONS</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">Fort
Lauderdale, Florida, June 27, 2025. Templeton Emerging Markets Fund [NYSE: EMF]<br>
<br>
</div></div>

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  <td><div style="background-color: transparent;background-repeat: no-repeat;background-size: cover;height: 48px;width: 481px;background-image:url(data:image/png;base64,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)"></div></td>
 </tr>
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<br clear="ALL">


<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">The Fund&#8217;s estimated sources of the
distribution to be paid on June 30, 2025, and for the fiscal year 2025
year-to-date are as follows:<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Estimated Allocations for June Quarterly
Distribution:</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<table border="1" cellspacing="0" cellpadding="0" width="620" style="border-collapse: collapse;border: none;margin-left: 9.0pt">
 <tr style="height: 17.25pt">
  <td width="110" valign="top" style="width: 82.7pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Distribution </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Per Share </div></div>
  </td>
  <td width="117" valign="top" style="width: 87.9pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Investment </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Income </div></div>
  </td>
  <td width="152" valign="top" style="width: 113.75pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Realized </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Short-Term Capital</div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Gains </div></div>
  </td>
  <td width="131" valign="top" style="width: 98.25pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Realized </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Long-Term Capital Gains </div></div>
  </td>
  <td width="110" valign="top" style="width: 82.7pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 17.25pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Return of Capital </div></div>
  </td>
 </tr>
 <tr style="height: .15in">
  <td width="110" valign="top" style="width: 82.7pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.2200 </div></div>
  </td>
  <td width="117" valign="top" style="width: 87.9pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.1043 (48%)</div></div>
  </td>
  <td width="152" valign="top" style="width: 113.75pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.0161 (7%)</div></div>
  </td>
  <td width="131" valign="top" style="width: 98.25pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.00 (0%)</div></div>
  </td>
  <td width="110" valign="top" style="width: 82.7pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: .15in">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.0996 (45%)</div></div>
  </td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 9.5pt;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Cumulative Estimated Allocations fiscal
year-to-date as of March 31, 2025, for the fiscal year ending August 31, 2025:</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<table border="1" cellspacing="0" cellpadding="0" width="621" style="border-collapse: collapse;border: none;margin-left: 9.0pt">
 <tr style="height: 16.6pt">
  <td width="110" valign="top" style="width: 1.15in;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Distribution </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Per Share </div></div>
  </td>
  <td width="117" valign="top" style="width: 87.95pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Investment </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Income </div></div>
  </td>
  <td width="152" valign="top" style="width: 113.85pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Realized </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Short-Term Capital</div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Gains </div></div>
  </td>
  <td width="131" valign="top" style="width: 98.35pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Net Realized </div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Long-Term Capital</div></div>
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Gains </div></div>
  </td>
  <td width="110" valign="top" style="width: 1.15in;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 16.6pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">Return of Capital </div></div>
  </td>
 </tr>
 <tr style="height: 6.75pt">
  <td width="110" valign="top" style="width: 1.15in;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.7314 </div></div>
  </td>
  <td width="117" valign="top" style="width: 87.95pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.00 (0%)</div></div>
  </td>
  <td width="152" valign="top" style="width: 113.85pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.4225 (58%)</div></div>
  </td>
  <td width="131" valign="top" style="width: 98.35pt;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.00 (0%)</div></div>
  </td>
  <td width="110" valign="top" style="width: 1.15in;border: none;padding: 0in 5.4pt 0in 5.4pt;height: 6.75pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;display: inline;">$0.3089 (42%)</div></div>
  </td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Shareholders should not draw any
conclusions about the Fund&#8217;s investment performance from the amount of the
current distribution or from the terms of the Fund&#8217;s Plan.&#160; EMF estimates that
it has distributed more than its income and net realized capital gains;
therefore, a portion of the EMF distribution to shareholders may be a return of
capital. A return of capital may occur, for example, when some or all of the
money that a shareholder invested in a Fund is paid back to them. A return of
capital distribution does not necessarily reflect EMF&#8217;s investment performance
and should not be confused with &#8216;yield&#8217; or &#8216;income&#8217;. The amounts and sources of
distributions reported herein are only estimates and are not being provided for
tax reporting purposes.&#160; The actual amounts and sources of the amounts for tax
reporting purposes will depend upon the Fund&#8217;s investment experience during the
remainder of its fiscal year and may be subject to changes based on tax
regulations. The Fund will send a Form 1099-DIV to shareholders for the
calendar year that will describe how to report the Fund&#8217;s distributions for
federal income tax purposes.</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><b><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<table border="1" cellspacing="0" cellpadding="0" width="636" style="border-collapse: collapse;border: none;margin-left: -.25pt">
 <tr style="height: 44.1pt">
  <td width="154" valign="top" style="width: 115.65pt;border: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 44.1pt">
  <div style="font-size: 12.0pt;font-family: Courier;line-height: 102%;text-autospace: none;margin-left: 6.35pt;margin-right: 4.3pt;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 102%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Average
  Annual Total Return (in relation to the change in net asset value (NAV) for
  the 5-year period ended on 5/31/2025)<sup>1</sup></div></div>
  </td>
  <td width="154" valign="top" style="width: 115.65pt;border: solid black 1.0pt;border-left: none;padding: 0in 0in 0in 0in;height: 44.1pt">
  <div style="font-size: 12.0pt;font-family: Courier;line-height: 102%;text-autospace: none;margin-left: 6.35pt;margin-right: 4.3pt;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 102%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Annualized
  Distribution Rate (as a percentage of NAV for the current fiscal period
  through 5/31/2025)<sup>2</sup></div></div>
  </td>
  <td width="154" valign="top" style="width: 1.6in;border: solid black 1.0pt;border-left: none;padding: 0in 0in 0in 0in;height: 44.1pt">
  <div style="font-size: 12.0pt;font-family: Courier;line-height: 103%;text-autospace: none;margin-left: 12.25pt;margin-right: 10.9pt;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 103%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Cumulative
  Total Return (in relation to the change in NAV for the fiscal period through 5/31/2025)<sup>3</sup></div></div>
  </td>
  <td width="174" valign="top" style="width: 130.5pt;border: solid black 1.0pt;border-left: none;padding: 0in 0in 0in 0in;height: 44.1pt">
  <div style="font-size: 12.0pt;font-family: Courier;line-height: 103%;text-autospace: none;margin-left: 17.45pt;margin-right: 15.85pt;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 103%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Cumulative
  Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 5/31/2025)<sup>4</sup></div></div>
  </td>
 </tr>
 <tr style="height: 13.0pt">
  <td width="154" valign="top" style="width: 115.65pt;border: solid black 1.0pt;border-top: none;padding: 0in 0in 0in 0in;height: 13.0pt">
  <div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 24.5pt;margin-right: 24.05pt;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">6.68%</div></div>
  </td>
  <td width="154" valign="top" style="width: 115.65pt;border-top: none;border-left: none;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 13.0pt">
  <div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 24.5pt;margin-right: 24.05pt;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">5.67%</div></div>
  </td>
  <td width="154" valign="top" style="width: 1.6in;border-top: none;border-left: none;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 13.0pt">
  <div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 24.65pt;margin-right: 24.05pt;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">10.29%</div></div>
  </td>
  <td width="174" valign="top" style="width: 130.5pt;border-top: none;border-left: none;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 13.0pt">
  <div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 41.15pt;margin-right: 0in;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">4.71%</div></div>
  </td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 1.0pt;margin-bottom: 0in"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 1.0pt;margin-bottom: 0in"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Fund Performance
and Distribution Rate Information:</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: .3pt;margin-bottom: 0in"><b><div style="font-size: 9.5pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-indent: -12.85pt;text-autospace: none;margin-left: .25in;margin-right: 12.2pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">1.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160; </div></div></b><div dir="LTR" style="display: inline"></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Average
Annual Total Return in relation to NAV represents the compound average of the
Annual NAV Total Returns of the Fund for the five-year period ended through May
31, 2025. Annual NAV Total Return is the percentage change in the Fund&#8217;s NAV
over a year, assuming reinvestment of distributions paid.</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-indent: -12.85pt;text-autospace: none;margin-left: .25in;margin-right: 12.2pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">2.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160; </div></div></b><div dir="LTR" style="display: inline"></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">The
Annualized Distribution Rate is the current fiscal period&#8217;s distribution rate
annualized as a percentage of the Fund&#8217;s NAV through May 31, 2025.</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-indent: -12.85pt;text-autospace: none;margin-left: .25in;margin-right: 12.2pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">3.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160; </div></div></b><div dir="LTR" style="display: inline"></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Cumulative
Total Return is the percentage change in the Fund&#8217;s NAV from August 31, 2024
through May 31, 2025, assuming reinvestment of distributions paid.</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-indent: -12.85pt;text-autospace: none;margin-left: .25in;margin-right: 12.2pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">4.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160; </div></div></b><div dir="LTR" style="display: inline"></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">The
Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of
distributions for the fiscal period August 31, 2024 through March 31, 2025, as
a percentage of the Fund&#8217;s NAV as of May 31, 2025.</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 112.2pt;margin-right: 111.8pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br>
The Fund&#8217;s Board of Trustees (the &#8220;Board&#8221;) has authorized a Managed
Distribution Plan (the &#8220;Plan&#8221;), under which the Fund will make quarterly
distributions to shareholders at a fixed rate of $0.22 per share. The Plan aims
to provide shareholders with consistent quarterly distributions derived from
ordinary income and short-term capital gains generated by the Fund&#8217;s investment
portfolio. Additionally, the Plan seeks to narrow the discount between the
market price and the net asset value (&#8220;NAV&#8221;) of the Fund&#8217;s common shares, although
success in this regard cannot be guaranteed.</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">In the event that sufficient distributable
income is not available on a quarterly basis, the Fund will distribute
long-term capital gains and/or return of capital to maintain its managed
distribution rate. A return of capital may occur when some or all of the
invested capital is paid back to shareholders. It is important to note that a
return of capital distribution does not necessarily reflect the Fund&#8217;s
investment performance and should not be confused with &#8220;yield&#8221; or &#8220;income.&#8221;
Even if the Fund realizes capital gains in the current year, such gains may be
offset, in whole or in part, by the Fund&#8217;s capital loss carryovers from prior
years.</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">The Board may amend the terms of the Plan
or terminate the Plan at any time without prior notice to the Fund&#8217;s
shareholders. The amendment or termination of the Plan could have an adverse
effect on the market price of the Fund&#8217;s common shares. The Plan will be
subject to periodic review by the Board, including a yearly review of the fixed
rate to determine if an adjustment should be made.</div></div>

<div style="font-size: 12.0pt;font-family: Courier;text-autospace: none;margin-left: 0in;margin-right: 111.8pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 112.2pt;margin-right: 111.8pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: Courier;text-align: center;text-autospace: none;margin-left: 112.2pt;margin-right: 111.8pt;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">For
further information on Franklin Limited Duration Income Trust, please visit our
web site at: </div></b><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">www.franklintempleton.com</div></b><div style="color: #0563C1;text-decoration: underline;display: inline;"><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br>
</div></b></div><b><div style="font-size: 8.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: Courier;line-height: 12.0pt;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: 0in"><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;letter-spacing: -.25pt;display: inline;">Franklin Resources,
Inc. is a global investment management organization with subsidiaries operating
as Franklin Templeton and serving clients in over 150 countries. Franklin
Templeton&#8217;s mission is to help clients achieve better outcomes through
investment management expertise, wealth management and technology solutions.
Through its specialist investment managers, the company offers specialization
on a global scale, bringing extensive capabilities in fixed income, equity,
alternatives and multi-asset solutions. With more than 1,500 investment
professionals, and offices in major financial markets around the world, the
California-based company has over 75 years of investment experience and $1.57
trillion in assets under management as of May 31, 2025. For more information,
please visit franklintempleton.com.</div></div>

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