<SEC-DOCUMENT>0001655589-24-000024.txt : 20240812
<SEC-HEADER>0001655589-24-000024.hdr.sgml : 20240812
<ACCEPTANCE-DATETIME>20240812163315
ACCESSION NUMBER:		0001655589-24-000024
CONFORMED SUBMISSION TYPE:	40-17F2
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240812
DATE AS OF CHANGE:		20240812
EFFECTIVENESS DATE:		20240812

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN UNIVERSAL TRUST
		CENTRAL INDEX KEY:			0000833040
		ORGANIZATION NAME:           	
		IRS NUMBER:				943077602
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		40-17F2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05569
		FILM NUMBER:		241197319

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN UNIVERSAL TRUST
		CENTRAL INDEX KEY:			0000833040
		ORGANIZATION NAME:           	
		IRS NUMBER:				943077602
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		40-17F2

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17F2
<SEQUENCE>1
<FILENAME>fut17f2-20243.htm
<TEXT>
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<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal; text-decoration:none;">UNITED
STATES</p><p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal; text-decoration:none;">SECURITIES
AND EXCHANGE COMMISSION</p><p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal;
text-decoration:none;">WASHINGTON, D.C. 20549</p><p style="font-size:8.0pt; font-family:Arial; text-align:center;
font-weight:normal; text-decoration:none;">FORM N-17F-2</p><p style="font-size:8.0pt; font-family:Arial;
text-align:center; font-weight:normal; text-decoration:none;">CERTIFICATE OF ACCOUNTING OF SECURITIES
AND SIMILAR</p><p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal; text-decoration:none;">INVESTMENTS
IN THE CUSTODY OF</p><p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal;
text-decoration:none;">MANAGEMENT INVESTMENT COMPANIES</p><p style="font-size:8.0pt; font-family:Arial;
text-align:center; font-weight:normal; text-decoration:none;">PURSUANT TO RULE N-17F-2 [17 CFR 270.17f-2]</p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:5.01%;" >&nbsp;</td><td style="width:8.99%;" >&nbsp;</td><td
style="width:17.09%;" >&nbsp;</td><td style="width:13.21%;" >&nbsp;</td><td style="width:14.64%;" >&nbsp;</td><td
style="width:6.32%;" >&nbsp;</td><td style="width:11.78%;" >&nbsp;</td><td style="width:22.96%;" >&nbsp;</td></tr><tr><td
colspan="5" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">1. Investment Company Act File Number:</p></td><td colspan="3"
style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">Date Examination completed:</p></td></tr><tr><td colspan="5" style=" vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; text-indent:36.0pt; font-weight:normal; text-decoration:none;">811-05569</p></td><td
colspan="3" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
text-indent:21.6pt; font-weight:normal; text-decoration:none;">March 9, 2023</p></td></tr><tr><td colspan="5"
style=" vertical-align:top; font-size:1pt;">&#160;</td><td colspan="3" style=" vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
colspan="5" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">2. State Identification Number:</p></td><td colspan="3" style="
vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="2" style=" vertical-align:top;
font-size:1pt;">&#160;</td><td style="vertical-align:top; font-size:1pt;">&#160;</td><td style="vertical-align:top;
font-size:1pt;">&#160;</td><td colspan="2" style=" vertical-align:top; font-size:1pt;">&#160;</td><td style="vertical-align:top;
font-size:1pt;">&#160;</td><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td colspan="2"
style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">AL</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">AK</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">AZ</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">AR</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">CA </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">CO</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">CT</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">DE </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">DC</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">FL</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">GA</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">HI</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">ID</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">IL</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">IN</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">IA</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">KS</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">KY</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">LA</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">ME</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MD</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">MA</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MI</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MN</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">MS</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MO</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MT</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">NE</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NV </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NH</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">NJ</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NM</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NY</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">NC</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">ND </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">OH</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">OK</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">OR</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">PA</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">RI</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">SC </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">SD</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">TN</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">TX </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">UT</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">VT</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">VA</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">WA</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">WV</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">WI</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">WY</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">PUERTO RICO</p></td><td style="vertical-align:top; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="8" style="
vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td colspan="8" style=" vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">3. Exact name of investment
company as specified in registration statement:</p></td></tr><tr><td colspan="8" style=" vertical-align:top;
font-size:1pt;">&#160;</td></tr><tr><td colspan="8" style=" vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">Franklin Universal Trust</p></td></tr><tr><td
style="vertical-align:top; font-size:1pt;">&#160;</td><td colspan="7" style=" vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;">&#160;</td><td colspan="7" style=" vertical-align:bottom; font-size:1pt;">&#160;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;">&#160;</td><td colspan="7" style=" vertical-align:bottom; font-size:1pt;">&#160;</td></tr><tr><td
colspan="8" style=" vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td colspan="8" style=" vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">4.
Address of principal executive office: (number, street, city, state, zip code)</p></td></tr><tr><td colspan="8"
style=" vertical-align:top; font-size:1pt;">&#160;</td></tr></table><p style="font-size:8.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">One Franklin Parkway, San Mateo, CA 94403</p>
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<p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">[PWC
Logo]</p><p style="font-size:11.0pt; font-family:Arial; text-align:center; font-weight:bold; font-style:normal;"><font
style="font-size:11.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Report
of Independent Registered Public Accounting Firm</font></p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">To the Boards of Trustees and Management
of:</p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Custodian Funds </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin ETF Trust</font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Franklin Floating Rate Master Trust </font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Fund Allocator Series </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Global Trust</font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Gold and Precious
Metals Fund </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin High Income Trust</font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Franklin Investors Securities Trust </font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Limited Duration Income Trust </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Managed Trust</font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Real Estate
Securities Trust </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Strategic Mortgage Portfolio </font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Strategic Series</font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Templeton ETF Trust</font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Templeton Variable Insurance Products Trust </font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Universal Trust</font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Government Money Fund </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Institutional Fiduciary Trust</font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton China World
Fund </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Templeton Developing Markets Trust </font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Templeton Emerging Markets Fund</font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Emerging Markets Income Fund </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Funds</font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Templeton Global Income Fund </font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Global Investment Trust </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Income Trust </font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Institutional
Funds</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">And
the Boards of Directors and Management of: </font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Templeton Dragon Fund, Inc.</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:36.0pt;
text-decoration:none;">We have examined management's assertion, included in the accompanying Management
Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, that the
Funds listed in Attachment A (collectively, the &#8220;Funds&#8221;) complied with the requirements of subsections
(b) and</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:36.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">(c) of Rule 17f-2 under the Investment Company Act of 1940 (&#8220;the Act&#8221;) as
of September 30, 2021. The Funds&#8217; management is responsible for its assertion and the Funds' compliance
with those requirements. Our responsibility is to express an opinion on management's assertion about
the Funds' compliance with the specified requirements based on our examination.</font></p>
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<p style="font-size:8.0pt; font-family:Serif; font-style:normal; text-align:left; font-weight:normal;
text-decoration:none;">[PWC Logo]</p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:36.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Our examination was conducted in accordance
with the standards of the Public Company Accounting Oversight Board (United States) and in accordance
with attestation standards established by the American Institute of Certified Public Accountants. Those
standards require that we plan and perform the examination to obtain reasonable assurance about whether
management&#8217;s assertion about compliance with the specified requirements is fairly stated, in all material
respects, and, accordingly, included examining, on a test basis, evidence about the Funds' compliance
with those requirements and performing such other procedures as we considered necessary in the circumstances.
Included among our procedures were the following tests performed as of September 30, 2021, and with respect
to agreement of security purchases and sales, for the period from April 1, 2021 (see Attachment A for
details) through September 30, 2021:</font><br></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-18.0pt; font-weight:normal; margin-left:77.35pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">-</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Confirmation
of all securities held by Franklin Templeton Investors Services, Inc. (the &#8220;Transfer Agent&#8221;), as
they pertain to the security positions owned by the Funds and held in</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">book entry form</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:77.35pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">-</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Reconciliation
of all such securities to the books and records of the Funds and the Transfer</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Agent</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:77.35pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">-</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Agreement of 381 security purchases and 421 security sales
across the Funds since our last report from the books and records of the Funds to the records of the
Transfer Agent</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:36.0pt; text-decoration:none;">We believe that our examination provides, and that the evidence
we obtained is sufficient and appropriate to provide, a reasonable basis for our opinion. Our examination
does not provide a legal determination on the Funds&#8217; compliance with the specified requirements.</p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:36.0pt;
text-decoration:none;">We are required to be independent and to meet our other ethical responsibilities
in accordance with relevant ethical requirements related to the engagement.</p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:36.0pt; text-decoration:none;">In
our opinion, management's assertion that the Funds listed in Attachment A complied with the requirements
of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of September 30, 2021
with respect to securities reflected in the investment accounts of the Funds is fairly stated, in all
material respects.</p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:36.0pt; text-decoration:none;">This report is intended solely for the information and use
of management and the Boards of Trustees or Boards of Directors of the Funds and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other than the specified parties.</p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:41.3pt;
text-decoration:none;">/s/PRICEWATERHOUSECOOPERS, LLP</p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:41.3pt; text-decoration:none;">March 9, 2023</p><p style="font-size:9.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:36.0pt; text-decoration:none;">2</p>
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<p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">[PWC
Logo]</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:14.0pt;
text-decoration:none;">Attachment A</p><table cellspacing="0" style="border-collapse:collapse" width="100%"
cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:57.15%;" >&nbsp;</td><td
style="width:42.85%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; font-size:1pt;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Global Investment Trust:</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:9.0pt; text-decoration:none;">Examination Period</p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Emerging Markets Small Cap Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Global Balanced Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Real Estate Securities Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Real Estate Securities Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Strategic Series:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Biotechnology Discovery Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Growth Opportunities Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Natural Resources Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Small Cap Growth
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Small-Mid Cap Growth Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Strategic Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Templeton SMACS:
Series E </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Templeton SMACS:
Series I </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin High Income Trust:</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
High Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Institutional
Fiduciary Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Money
Market Portfolio </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Global Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Emerging Market Debt Opportunities Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
International Growth Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
U.S. Government Money Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Gold and Precious Metals Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Universal Trust </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton China World
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton
Emerging Markets Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton Emerging Markets
Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton Funds:</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
International Climate Change Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr></table><p style="font-size:9.0pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:36.0pt; text-decoration:none;">3</p>
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<p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">[PWC
Logo]</p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:57.08%;" >&nbsp;</td><td style="width:42.92%;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Templeton Global Income Fund </font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Income Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Emerging Markets Bond Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Global Bond Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Global Total
Return Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton International
Bond Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Custodian Funds:</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
DynaTech Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Growth Fund
</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin U.S. Government
Securities Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Utilities Fund
</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:17.4pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#212121;
font-weight:normal; text-decoration:none;">Franklin Focused Growth Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Strategic Mortgage Portfolio </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Investors Securities Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Adjustable U.S. Government Securities Fund </font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Convertible Securities Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Equity Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Floating Rate
Daily Access Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Low Duration
Total Return Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Managed Income
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Total Return Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton Developing Markets
Trust </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Fund Allocator Series:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Conservative Allocation Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Corefolio Allocation Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Emerging Market Core Equity (IU) Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Global Allocation Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Growth Allocation
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
International Core Equity (IU) Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart Retirement Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2020 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2025 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2030 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2035 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2040 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr></table><p style="font-size:11.0pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:36.0pt; font-style:normal;"><font style="font-size:9.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">4</font></p>
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<p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">[PWC
Logo]</p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:57.1%;" >&nbsp;</td><td style="width:42.9%;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Franklin LifeSmart 2045 Retirement Target
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2050 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2055 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2060 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Moderate Allocation Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Payout 2021
Fund </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"><sup>a</sup></font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Payout 2022 Fund </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"><sup>a</sup></font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Core Equity (IU) Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Templeton Variable Insurance Products Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Allocation
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin DynaTech VIP
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Income VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Rising Dividends
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Small Cap Value
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Small-Mid Cap
Growth VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Strategic Income
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin VolSmart Allocation
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Developing
Markets VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Foreign VIP
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:17.4pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Templeton </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#212121; font-weight:normal; text-decoration:none;">Global Bond VIP Fund </font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton
Dragon Fund, Inc. </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Institutional Funds:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">International Equity Series </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
ETF Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Liberty Short Duration U.S. Government ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Equity Portfolio</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Fixed Income Portfolio</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Floating Rate Master Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Floating Rate Income Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Floating Rate Master Series </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Limited Duration Income Trust </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Managed Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Rising Dividends Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Templeton ETF Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin LibertyQ U.S. Equity ETF </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LibertyQ U.S. Mid Cap Equity ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LibertyQ U.S. Small Cap Equity ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Liberty Ultra Short Bond ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Liberty U.S. Treasury Bond ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Asia ex Japan ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE China ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Europe Hedged ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin FTSE Japan
ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr></table>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:57.1%;" >&nbsp;</td><td style="width:42.9%;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Franklin FTSE Japan Hedged ETF </font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE United Kingdom ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin U.S. Core Bond
ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Exponential Data ETF </font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">b</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr></table><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:bold; margin-left:14.0pt; text-decoration:none;">Legend:</p><p style="font-size:8.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:14.0pt; text-decoration:none;">a: March 31, 2021 represents
the date of our last examination.</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:14.0pt; text-decoration:none;">b: Fund was not in scope for the March 31, 2021 examination.</p>
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<p style="font-size:8.0pt; font-family:Sans-Serif; text-align:left; color:#004FA6; font-weight:bold;
font-style:normal;"><img src="img_b826455eda424.jpg"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
                                                                 </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#004FA6; font-weight:bold; text-decoration:none;">
              </font></p><p style="font-size:6.0pt; font-family:Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#004FA6; font-weight:bold; text-decoration:none;">Franklin Templeton Services, LLC</font></p><p
style="font-size:6.0pt; font-family:Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">3355 Data Drive</font></p><p style="font-size:6.0pt; font-family:Serif; text-align:right;
color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rancho Cordova, CA 95670</font></p><p
style="font-size:6.0pt; font-family:Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">tel</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> (800) 632.2350</font></p><p style="font-size:18.0pt; font-family:Serif; text-align:right;
color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">franklintempleton.com</font></p><div
style="border-bottom:0.75pt; border-bottom-style:solid; border-bottom-color:#000000; padding:0pt 0pt
1pt 0pt;"><div style="font-size:8.0pt; font-family:Arial; font-style:normal; text-align:left; font-weight:bold;"></div></div><p
style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal; font-style:normal;"><br><font
style="font-size:8.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Management
Statement Regarding Compliance with Certain</font></p><p style="font-size:8.0pt; font-family:Arial; text-align:center;
font-weight:bold; text-decoration:none;">Provisions of the Investment Company Act of 1940</p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">We, as members of management
of the Franklin Templeton Funds indicated in Attachment A (the &#8220;Funds&#8221;), are responsible for complying
with the requirements of subsections (b) and (c) of Rule 17f-2, &#8220;Custody of Investments by Registered
Management Investment Companies,&#8221; of the Investment Company Act of 1940. We are also responsible for
establishing and maintaining effective internal controls over compliance with those requirements. We
have performed an evaluation of the Funds' compliance with the requirements of subsections (b) and (c)
of Rule 17f-2 as of September 30, 2021, and for the periods indicated in Attachment A. </p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">Based on this evaluation,
we assert that the Funds were in compliance with the requirements of subsections (b) and (c) of Rule
17f-2 of the Investment Company Act of 1940 as of September 30, 2021, and for the periods indicated in
Attachment A, with respect to securities reflected in the investment accounts of the Funds.</p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">By:</p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:underline;">/s/MATTHEW T. HINKLE</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Matthew
T. Hinkle</p><p style="font-size:10.0pt; font-family:Sans-Serif; text-align:left; font-weight:normal;
font-style:italic;"><font style="font-size:10.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">Chief Executive Officer - Finance and Administration</font></p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:10.0pt;
font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">Franklin Templeton Group
of Funds</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Date </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:underline;">November 27, 2023</font></p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:underline;">/s/CHRISTOPHER
KINGS</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; text-decoration:none;">Christopher
Kings</p><p style="font-size:10.0pt; font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:italic;"><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">Chief
Financial Officer, Chief Accounting Officer and Treasurer</font></p><p style="font-size:10.0pt; font-family:Sans-Serif;
text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:10.0pt; font-family:Arial;
font-style:italic; font-weight:normal; text-decoration:none;">Franklin Funds</font></p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:10.0pt;
font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">Templeton Funds</font></p>
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<p style="page-break-before:always;"></p>


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<p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:underline;">November
27, 2023</font></p><p style="font-size:10.0pt; font-family:Sans-Serif; text-align:left; font-weight:normal;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:underline;">/s/VIVEK PAI</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:bold; text-decoration:none;">Vivek Pai</p><p style="font-size:10.0pt; font-family:Sans-Serif;
text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:10.0pt; font-family:Arial;
font-style:italic; font-weight:normal; text-decoration:none;">Chief Financial Officer, Chief Accounting
Officer and Treasurer</font></p><p style="font-size:10.0pt; font-family:Sans-Serif; text-align:left;
font-weight:normal; font-style:italic;"><font style="font-size:10.0pt; font-family:Arial; font-style:italic;
font-weight:normal; text-decoration:none;">Franklin Templeton ETF Trust</font></p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:10.0pt;
font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">Franklin ETF Trust</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Date
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:underline;">November
27, 2023</font></p>
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<p style="page-break-before:always;"></p>


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<p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:14.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Attachment A</font><br></p><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:57.15%;"
>&nbsp;</td><td style="width:42.85%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; font-size:1pt;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Global Investment Trust:</p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:9.0pt; text-decoration:none;">Examination Period</p></td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Emerging Markets Small Cap Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Global Balanced Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Real Estate Securities Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Real Estate Securities Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Strategic Series:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Biotechnology Discovery Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Growth Opportunities Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Natural Resources Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Small Cap Growth
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Small-Mid Cap Growth Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Strategic Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Templeton SMACS:
Series E </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Templeton SMACS:
Series I </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin High Income Trust:</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
High Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Institutional
Fiduciary Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Money
Market Portfolio </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Global Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Emerging Market Debt Opportunities Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
International Growth Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
U.S. Government Money Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Gold and Precious Metals Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Universal Trust </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton China World
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton
Emerging Markets Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton Emerging Markets
Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton Funds:</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
International Climate Change Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr></table><table cellspacing="0" style="border-collapse:collapse"
width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:57.08%;"
>&nbsp;</td><td style="width:42.92%;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom; font-size:1pt;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton
Global Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Income Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Emerging Markets Bond Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Global Bond Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Global Total
Return Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton International
Bond Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Custodian Funds:</p></td><td
style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
DynaTech Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Growth Fund
</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin U.S. Government
Securities Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Utilities Fund
</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr></table>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:57.1%;" >&nbsp;</td><td style="width:42.9%;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left;
color:#000000; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#212121; font-weight:normal; text-decoration:none;">Franklin
Focused Growth Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Strategic Mortgage Portfolio </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Investors Securities Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Adjustable U.S. Government Securities Fund </font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Convertible Securities Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Equity Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Floating Rate
Daily Access Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Low Duration
Total Return Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Managed Income
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Total Return Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton Developing Markets
Trust </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Fund Allocator Series:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Conservative Allocation Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Corefolio Allocation Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Emerging Market Core Equity (IU) Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Global Allocation Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Growth Allocation
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
International Core Equity (IU) Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart Retirement Income Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2020 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2025 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2030 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2035 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2040 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2045 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2050 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2055 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2060 Retirement Target Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Moderate Allocation Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Payout 2021
Fund </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"><sup>a</sup></font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Payout 2022 Fund </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"><sup>a</sup></font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Core Equity (IU) Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Templeton Variable Insurance Products Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;"
>&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Allocation
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin DynaTech VIP
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Income VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Rising Dividends
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Small Cap Value
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Small-Mid Cap
Growth VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Strategic Income
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin VolSmart Allocation
VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Developing
Markets VIP Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Foreign VIP
Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:17.4pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Templeton </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#212121; font-weight:normal; text-decoration:none;">Global Bond VIP Fund </font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr></table>
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<p><hr color="black" noshade="noshade"></p>
<p style="page-break-before:always;"></p>


<!-- PAGEBREAK_END -->
<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:57.1%;" >&nbsp;</td><td style="width:42.9%;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom; font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:bold; text-decoration:none;">Templeton Dragon Fund, Inc. </font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Institutional Funds:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">International Equity Series </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
ETF Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Liberty Short Duration U.S. Government ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Equity Portfolio</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Fixed Income Portfolio</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Floating Rate Master Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Floating Rate Income Fund </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Floating Rate Master Series </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Limited Duration Income Trust </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Managed Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Rising Dividends Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Templeton ETF Trust:</p></td><td style="vertical-align:bottom; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin LibertyQ U.S. Equity ETF </font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LibertyQ U.S. Mid Cap Equity ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LibertyQ U.S. Small Cap Equity ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Liberty Ultra Short Bond ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Liberty U.S. Treasury Bond ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Asia ex Japan ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE China ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Europe Hedged ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin FTSE Japan
ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Japan Hedged ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin FTSE United
Kingdom ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September
30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:17.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin U.S. Core Bond
ETF </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:9.0pt; text-decoration:none;">April 1, 2021 &#8211; September 30, 2021</p></td></tr><tr><td style="vertical-align:bottom;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:17.4pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Exponential Data ETF </font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">b</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:9.0pt; text-decoration:none;">April
1, 2021 &#8211; September 30, 2021</p></td></tr></table><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:bold; margin-left:14.0pt; text-decoration:none;">Legend:</p><p style="font-size:8.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:14.0pt; text-decoration:none;">a: March 31, 2021 represents
the date of our last examination.</p><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:14.0pt; text-decoration:none;">b: Fund was not in scope for the March 31, 2021 examination.</p>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
