POWER OF ATTORNEY
The undersigned officers and trustees of each trust or corporation listed in Schedule A hereto (each a “Registrant”) hereby appoint ALISON E. BAUR, ALEXANDER Y. KYMN, CHRISTINE DEBEVEC, HARRIS GOLDBLAT, TARA E. GORMEL, NAVID J. TOFIGH, MARC DE OLIVEIRA, BRUCE G. LETO, DAVID GRIM, KRISTIN H. IVES AND MARGUERITE C. BATEMAN (with full power to each of them to act alone) his/her attorney-in-fact and agent, in all capacities, to execute, deliver and file in the names of the undersigned, any and all instruments that said attorneys and agents may deem necessary or advisable to enable the Registrant to comply with or register any security issued by the Registrant under the Securities Act of 1933, as amended, and/or the Investment Company Act of 1940, as amended, and the rules, regulations and interpretations thereunder, including but not limited to, any registration statement, including any and all pre- and post-effective amendments thereto, any other document to be filed with the U.S. Securities and Exchange Commission and any and all documents required to be filed with respect thereto with any other regulatory authority. Each of the undersigned grants to each of said attorneys, full authority to do every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as he/she could do if personally present, thereby ratifying all that said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof.
This Power of Attorney may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which shall be deemed to be a single document.
The undersigned officers and trustees hereby execute this Power of Attorney as of the 3rd day of January 2025.
/s/ Sonal Desai, Ph.D | /s/ Harris J. Ashton | |
Sonal Desai, Ph.D, President and Chief Executive Officer-Investment Management | Harris J. Ashton, Trustee | |
/s/ Terrence J. Checki | /s/ Mary C. Choksi | |
Terrence J. Checki, Trustee | Mary C. Choksi, Trustee | |
/s/ Edith E. Holiday | /s/ Gregory E. Johnson | |
Edith E. Holiday, Trustee | Gregory E. Johnson, Trustee | |
/s/ Rupert H. Johnson, Jr. | /s/ J. Michael Luttig | |
Rupert H. Johnson, Jr., Trustee | J. Michael Luttig, Trustee | |
/s/ Larry D. Thompson | /s/ Valerie D. Williams | |
Larry D. Thompson, Trustee | Valerie D. Williams, Trustee | |
/s/ Christopher Kings | /s/ Jeffrey W. White | |
Christopher Kings, Chief Executive Officer-Finance and Administration | Jeffrey W. White, Chief Financial Officer and Chief Accounting Officer | |
Schedule A
To
Power of Attorney
Name of Trust Securities Act File No.
Franklin California Tax-Free Income Fund 002-60470
Franklin California Tax-Free Trust 002-99112
Franklin Federal Tax-Free Income Fund 002-75925
Franklin Floating Rate Master Trust
The registration statement below marked with an asterisk
Franklin Floating Rate Master Series* SERIES ID: S000007441
Franklin High Income Trust 002-30203
Franklin Limited Duration Income Trust 333-109190
Franklin Municipal Securities Trust 033-44132
Franklin New York Tax-Free Income Fund 002-77880
Franklin New York Tax-Free Trust 033-07785
Franklin Strategic Mortgage Portfolio 033-53414
Franklin Tax-Free Trust 002-94222
Franklin Universal Trust 033-22162
Franklin U.S. Government Money Fund 002-55029
Institutional Fiduciary Trust 002-96634
The Money Market Portfolios
The registration statement below marked with an asterisk
The U.S. Government Money Market Portfolio* SERIES ID: S000007450