0000872625 fss:S000065650Member 2025-08-31 2025-08-31 0000872625 2025-08-31 2025-08-31 false 2025-08-31 497 0000872625 N-1A <div style="margin-top:12pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">FRANKLIN STRATEGIC SERIES </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">SUPPLEMENT DATED SEPTEMBER 14, 2026 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">TO THE SUMMARY PROSPECTUSES, PROSPECTUS </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">AND STATEMENT OF ADDITIONAL INFORMATION (“SAI”) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">EACH DATED JANUARY 1, 2026, OF </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">FRANKLIN TEMPLETON SMACS: SERIES H </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">(THE “FUND”) </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;">Although the Fund is classified as a non‑diversified fund, the Fund is currently operating as a diversified fund, and under current law, shareholder approval would be required for the Fund to resume operating as non‑diversified. Effective immediately, all references to the Fund’s non‑diversified classification and related disclosure in the Fund’s Summary Prospectus, Prospectus, and SAI are deleted. </div> <div style="margin-top:12pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">FRANKLIN STRATEGIC SERIES </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">SUPPLEMENT DATED SEPTEMBER 14, 2026 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">TO THE SUMMARY PROSPECTUSES, PROSPECTUS </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">AND STATEMENT OF ADDITIONAL INFORMATION (“SAI”) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">EACH DATED JANUARY 1, 2026, OF </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">FRANKLIN TEMPLETON SMACS: SERIES H </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:11pt;font-family:arial;font-weight:bold;">(THE “FUND”) </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;">Although the Fund is classified as a non‑diversified fund, the Fund is currently operating as a diversified fund, and under current law, shareholder approval would be required for the Fund to resume operating as non‑diversified. Effective immediately, all references to the Fund’s non‑diversified classification and related disclosure in the Fund’s Summary Prospectus, Prospectus, and SAI are deleted. </div> FRANKLIN STRATEGIC SERIES 2026-01-01