09/26/2024 | Press release | Distributed by Public on 09/26/2024 07:30
814 P1 09/24
Effective September 30, 2024, the following changes are made to the Fund's Summary Prospectus, Prospectus and SAI:
1.The following is added to the section titled "Fund Summary - Portfolio Managers" in the Fund's Summary Prospectus and Prospectus:
Andrew C. Benson
Portfolio Manager of Advisers and portfolio manager of the Fund since September 2024.
2.The following is added to the section titled "Fund Details - Management" in the Fund's Prospectus:
Andrew C. Benson Portfolio Managerof Advisers
Mr. Benson has been a portfolio manager of the Fund since September 2024. He joined Franklin Templeton in 2024. Prior to joining Franklin Templeton, Mr. Benson was a portfolio manager for Putnam Investment Management, LLC.
3.The following is added to the section titled "Management and Other Services - Portfolio managers"in the Fund's SAI:
Name |
Type of |
Number of Accounts Managed |
Total Assets Managed (x $1 million) |
Number of Accounts Managed for which Advisory Fee is Performance-Based |
Assets Managed for which Advisory Fee is Performance-Based (x $1 million) |
Andrew C. Benson* |
Registered Investment Companies |
14 |
13,950.2 |
2 |
1,867.1 |
Other Pooled Investment Vehicles |
15 |
7,628.1 |
None |
None |
|
Other Accounts |
4 |
17,688.3 |
None |
None |
*Information is provided as of August 31, 2024.
4.The following is added to the section titled "Management and Other Services - Portfolio managers - Ownership of Fund shares" in the Fund's SAI:
Portfolio Manager |
Dollar Range of Fund Shares Beneficially Owned |
Andrew C. Benson* |
None |
*Information is provided as of August 31, 2024 |
Please retain this supplement for future reference.