GOF-P8 06/26
The following bullet is added to the section titled "Your
Account- Choosing a Share Class- Qualified Investors- Class R6 in the prospectus of each fund listed
in Schedule A:
· education savings plans that qualify for tax-exempt treatment under Section 529 of the Internal Revenue Code of 1986, as amended.
SCHEDULE A
Fund
| Date of Prospectus
|
FRANKLIN ALTERNATIVE STRATEGIES FUNDS | |
Franklin Alternative Strategies Fund | October 1, 2025 |
FRANKLIN CALIFORNIA TAX-FREE INCOME FUND | |
Franklin California Tax-Free Income Fund | July 1, 2025 |
FRANKLIN CALIFORNIA TAX-FREE TRUST | |
Franklin California Intermediate-Term Tax-Free Income Fund | November 1, 2025 |
FRANKLIN CUSTODIAN FUNDS | |
Franklin DynaTech Fund | February 1, 2026 |
Franklin Growth Fund | February 1, 2026 |
Franklin Income Fund | February 1, 2026 |
Franklin U.S. Government Securities Fund | February 1, 2026 |
Franklin Utilities Fund | February 1, 2026 |
FRANKLIN FEDERAL TAX-FREE INCOME FUND | |
Franklin Federal Tax-Free Income Fund | September 1, 2025 |
Fund
| Date of Prospectus
|
FRANKLIN FUND ALLOCATOR SERIES | |
Franklin Conservative Allocation Fund | May 1, 2026 |
Franklin Corefolio Allocation Fund | May 1, 2026 |
Franklin Global Allocation Fund | May 1, 2026 |
Franklin Growth Allocation Fund | May 1, 2026 |
Franklin LifeSmart™ Retirement Income Fund | May 1, 2026 |
Franklin LifeSmart™ 2020 Retirement Target Fund | May 1, 2026 |
Franklin LifeSmart™ 2025 Retirement Target Fund | May 1, 2026 |
Franklin LifeSmart™ 2030 Retirement Target Fund | May 1, 2026 |
Franklin LifeSmart™ 2035 Retirement Target Fund | May 1, 2026 |
Franklin LifeSmart™ 2040 Retirement Target Fund | May 1, 2026 |
Franklin LifeSmart™ 2045 Retirement Target Fund | May 1, 2026 |
Franklin LifeSmart™ 2050 Retirement Target Fund | May 1, 2026 |
Franklin LifeSmart™ 2055 Retirement Target Fund | May 1, 2026 |
Franklin LifeSmart™ 2060 Retirement Target Fund | May 1, 2026 |
Franklin Moderate Allocation Fund | May 1, 2026 |
FRANKLIN GLOBAL TRUST | |
Franklin International Growth Fund | December 1, 2025 |
FRANKLIN GOLD AND PRECIOUS METALS FUND | |
Franklin Gold and Precious Metals Fund | December 1, 2025 |
FRANKLIN HIGH INCOME TRUST | |
Franklin High Income Fund | February 1, 2026 |
FRANKLIN INVESTORS SECURITIES TRUST | |
Franklin Convertible Securities Fund | March 1, 2026 |
Franklin Equity Income Fund | March 1, 2026 |
Franklin Floating Rate Daily Access Fund | March 1, 2026 |
Franklin Long Duration Credit Fund | March 1, 2026 |
Franklin Low Duration Total Return Fund | March 1, 2026 |
Franklin Low Duration U.S. Government Securities Fund | March 1, 2026 |
Franklin Managed Income Fund | March 1, 2026 |
Franklin Total Return Fund | March 1, 2026 |
FRANKLIN MANAGED TRUST | |
Franklin Rising Dividends Fund | February 1, 2026 |
FRANKLIN MUNICIPAL SECURITIES TRUST | |
Franklin California High Yield Municipal Fund | July 1, 2025 |
FRANKLIN MUTUAL SERIES FUNDS | |
Franklin Mutual Beacon Fund | May 1, 2026 |
Franklin Mutual Global Discovery Fund | May 1, 2026 |
Fund
| Date of Prospectus
|
Franklin Mutual International Value Fund | May 1, 2026 |
Franklin Mutual Quest Fund | May 1, 2026 |
Franklin Mutual Shares Fund | May 1, 2026 |
FRANKLIN NEW YORK TAX-FREE INCOME FUND | |
Franklin New York Tax-Free Income Fund | July 1, 2025 |
FRANKLIN NEW YORK TAX-FREE TRUST | |
Franklin New York Intermediate-Term Tax-Free Income Fund | February 1, 2026 |
FRANKLIN REAL ESTATE SECURITIES TRUST | |
Franklin Real Estate Securities Fund | September 1, 2025 |
FRANKLIN STRATEGIC SERIES | |
Franklin Biotechnology Discovery Fund | September 1, 2025 |
Franklin Growth Opportunities Fund | September 1, 2025 |
Franklin Natural Resources Fund | September 1, 2025 |
Franklin Small Cap Growth Fund | September 1, 2025 |
Franklin Small-Mid Cap Growth Fund | September 1, 2025 |
Franklin Core Plus Bond Fund | September 1, 2025 |
FRANKLIN TAX-FREE TRUST | |
Franklin Alabama Tax-Free Income Fund | July 1, 2025 |
Franklin Arizona Tax-Free Income Fund | July 1, 2025 |
Franklin Colorado Tax-Free Income Fund | July 1, 2025 |
Franklin Connecticut Tax-Free Income Fund | July 1, 2025 |
Franklin Federal Intermediate-Term Tax-Free Income Fund | July 1, 2025 |
Franklin Federal Limited-Term Tax-Free Income Fund | July 1, 2025 |
Franklin Georgia Tax-Free Income Fund | July 1, 2025 |
Franklin High Yield Tax-Free Income Fund | July 1, 2025 |
Franklin Louisiana Tax-Free Income Fund | July 1, 2025 |
Franklin Maryland Tax-Free Income Fund | July 1, 2025 |
Franklin Massachusetts Tax-Free Income Fund | July 1, 2025 |
Franklin Michigan Tax-Free Income Fund | July 1, 2025 |
Franklin Minnesota Tax-Free Income Fund | July 1, 2025 |
Franklin Missouri Tax-Free Income Fund | July 1, 2025 |
Franklin New Jersey Tax-Free Income Fund | July 1, 2025 |
Franklin North Carolina Tax-Free Income Fund | July 1, 2025 |
Franklin Ohio Tax-Free Income Fund | July 1, 2025 |
Franklin Oregon Tax-Free Income Fund | July 1, 2025 |
Franklin Pennsylvania Tax-Free Income Fund | July 1, 2025 |
Franklin Virginia Tax-Free Income Fund | July 1, 2025 |
FRANKLIN U.S. GOVERNMENT MONEY FUND | |
Franklin U.S. Government Money Fund | November 1, 2025 |
FRANKLIN VALUE INVESTORS TRUST | |
Franklin Mutual Small-Mid Cap Value Fund | March 1, 2026 |
Fund
| Date of Prospectus
|
Franklin Mutual U.S. Mid Cap Value Fund | March 1, 2026 |
Franklin Small Cap Value Fund | March 1, 2026 |
TEMPLETON EMERGING MARKETS EQUITY FUND | |
Templeton Emerging Markets Equity Fund | May 1, 2026 |
TEMPLETON FUNDS | |
Templeton Foreign Fund | January 1, 2026 |
Templeton World Fund | January 1, 2026 |
TEMPLETON GLOBAL INVESTMENT TRUST | |
Templeton Emerging Markets Small Cap Fund | January 1, 2026 |
Templeton Global Dynamic Income Fund | May 1, 2026 |
TEMPLETON GLOBAL SMALLER COMPANIES FUND | |
Templeton Global Smaller Companies Fund | January 1, 2026 |
TEMPLETON GROWTH FUND, INC. | |
Templeton Growth Fund, Inc. | January 1, 2026 |
TEMPLETON INCOME TRUST | |
Templeton Global Bond Fund | May 1, 2026 |
Templeton Global Bond Enhanced Fund | May 1, 2026 |
Templeton Sustainable Emerging Markets Bond Fund | May 1, 2026 |
Please retain this supplement for future reference.