Franklin Alternative Strategies Funds
11/20/2024 | Press release | Distributed by Public on 11/20/2024 09:10
Prospectus by Investment Company - Form 497
GOF P23 11/24
SUPPLEMENT DATED NOVEMBER 20, 2024
TO THE PROSPECTUS OF EACH
FRANKLIN TEMPLETON FUND LISTED IN SCHEDULE A
For each of the funds listed in Schedule A, the following disclosure replaces and supersedes the corresponding Ameriprise Financial disclosure in each fund's Prospectus in the appendix titled "Appendix A - Intermediary Sales Charge Discounts and Waivers":
AMERIPRISE FINANCIAL
Front-end sales charge reductions on Class A shares purchased through Ameriprise Financial
Shareholders purchasing Class A shares of the fund through an Ameriprise Financial platform or account are eligible only for the following sales charge reductions, which may differ from those disclosed elsewhere in this prospectus or the SAI. Such shareholders can reduce their initial sales charge on the purchase of Class A shares as follows:
• Transaction size breakpoints, as described in this Prospectus or the SAI.
• Rights of accumulation (ROA), as described in this Prospectus or the SAI.
• Letter of intent, as described in this Prospectus or the SAI.
Front-end sales charge waivers on Class A shares purchased through Ameriprise Financial
Shareholders purchasing Class A shares of the fund through an Ameriprise Financial platform or account are eligible only for the following sales charge waivers, which may differ from those disclosed elsewhere in this prospectus or the SAI. Such shareholders may purchase Class A shares at NAV without payment of a sales charge as follows:
• Shares purchased by employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer- sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs.
• Shares purchased through reinvestment of capital gains and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the same fund family).
• Shares exchanged from Class C shares of the same fund in the month of or following the seven-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to such shares following a shorter holding period, that waiver will apply to exchanges following such shorter period. To the extent
that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares for load waived shares, that waiver will also apply to such exchanges.
• Shares purchased by employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members.
• Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise Financial advisor and/or the advisor's spouse, advisor's lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor's lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant.
• Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e. Rights of Reinstatement).
CDSC waivers on Class A and C shares purchased through Ameriprise Financial
Fund shares purchased through an Ameriprise Financial platform or account are eligible only for the following CDSC waivers, which may differ from those disclosed elsewhere in this prospectus or the SAI:
• Redemptions due to death or disability of the shareholder
• Shares sold as part of a systematic withdrawal plan as described in this Prospectus or the SAI
• Redemptions made in connection with a return of excess contributions from an IRA account
• Shares purchased through a Right of Reinstatement (as defined above)
• Redemptions made as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code
SCHEDULE A
|
Fund |
Date of Prospectus |
|
FRANKLIN ALTERNATIVE STRATEGIES FUNDS |
|
|
K2 Alternative Strategies Fund…….................................... |
October 1, 2024 |
|
FRANKLIN CALIFORNIA TAX-FREE INCOME FUND |
|
|
Franklin California Tax-Free Income Fund……......................................... |
July 1, 2024 |
|
FRANKLIN CALIFORNIA TAX-FREE TRUST |
|
|
Franklin California Intermediate-Term Tax-Free Income Fund............... |
November 1, 2024 |
|
FRANKLIN CUSTODIAN FUNDS |
|
|
Franklin DynaTech Fund........................................... |
February 1, 2024 |
|
Fund |
Date of Prospectus |
|
Franklin Growth Fund................................................ |
February 1, 2024 |
|
Franklin Income Fund…........................................... |
February 1, 2024 |
|
Franklin U.S. Government Securities Fund.............. |
February 1, 2024 |
|
Franklin Utilities Fund................................................. |
February 1, 2024 |
|
FRANKLIN FEDERAL TAX-FREE INCOME FUND |
|
|
Franklin Federal Tax-Free Income Fund……… |
September 1, 2024 |
|
FRANKLIN FUND ALLOCATOR SERIES |
|
|
Franklin Conservative Allocation Fund............................................... |
May 1, 2024 |
|
Franklin Corefolio Allocation Fund....................................................... |
May 1, 2024 |
|
Franklin Global Allocation Fund........................................................... |
May 1, 2024 |
|
Franklin Growth Allocation Fund........................................................... |
May 1, 2024 |
|
Franklin LifeSmart™ Retirement Income Fund................................... |
May 1, 2024 |
|
Franklin LifeSmart™ 2020 Retirement Target Fund............................. |
May 1, 2024 |
|
Franklin LifeSmart™ 2025 Retirement Target Fund............................. |
May 1, 2024 |
|
Franklin LifeSmart™ 2030 Retirement Target Fund……….................. |
May 1, 2024 |
|
Franklin LifeSmart™ 2035 Retirement Target Fund............................. |
May 1, 2024 |
|
Franklin LifeSmart™ 2040 Retirement Target Fund………................... |
May 1, 2024 |
|
Franklin LifeSmart™ 2045 Retirement Target Fund.............................. |
May 1, 2024 |
|
Franklin LifeSmart™ 2050 Retirement Target Fund............................ |
May 1, 2024 |
|
Franklin LifeSmart™ 2055 Retirement Target Fund............................... |
May 1, 2024 |
|
Franklin LifeSmart™ 2060 Retirement Target Fund............................... |
May 1, 2024 |
|
Franklin Moderate Allocation Fund......................................................... |
May 1, 2024 |
|
FRANKLIN GLOBAL TRUST |
|
|
Franklin International Growth Fund..................... |
December 1, 2023 |
|
FRANKLIN GOLD AND PRECIOUS METALS FUND |
|
|
Franklin Gold and Precious Metals Fund……… |
December 1, 2023 |
|
FRANKLIN HIGH INCOME TRUST |
|
|
Franklin High Income Fund……………………… |
February 1, 2024 |
|
FRANKLIN INVESTORS SECURITIES TRUST |
|
|
Franklin Convertible Securities Fund…………………………………… |
March 1, 2024 |
|
Franklin Equity Income Fund………………………………………….. |
March 1, 2024 |
|
Franklin Floating Rate Daily Access Fund…………………………… |
March 1, 2024 |
|
Franklin Long Duration Credit Fund…………………………………… |
March 1, 2024 |
|
Franklin Low Duration Total Return Fund……………………………… |
March 1, 2024 |
|
Fund |
Date of Prospectus |
|
Franklin Low Duration U.S. Government Securities Fund…………… |
March 1, 2024 |
|
Franklin Managed Income Fund………………………………………… |
March 1, 2024 |
|
Franklin Total Return Fund……………………… |
March 1, 2024 |
|
FRANKLIN MANAGED TRUST |
|
|
Franklin Rising Dividends Fund………… |
February 1, 2024 |
|
FRANKLIN MUNICIPAL SECURITIES TRUST |
|
|
Franklin California High Yield Municipal Fund…………………… |
July 1, 2024 |
|
FRANKLIN MUTUAL SERIES FUNDS |
|
|
Franklin Mutual Beacon Fund…………………………………… |
May 1, 2024 |
|
Franklin Mutual Global Discovery Fund………………………… |
May 1, 2024 |
|
Franklin Mutual International Value Fund……………………… |
May 1, 2024 |
|
Franklin Mutual Quest Fund……………………………………… |
May 1, 2024 |
|
Franklin Mutual Shares Fund……………………………………… |
May 1, 2024 |
|
FRANKLIN NEW YORK TAX-FREE INCOME FUND |
|
|
Franklin New York Tax-Free Income Fund…………………………… |
July 1, 2024 |
|
FRANKLIN NEW YORK TAX-FREE TRUST |
|
|
Franklin New York Intermediate-Term Tax-Free Income Fund………… |
February 1, 2024 |
|
FRANKLIN REAL ESTATE SECURITIES TRUST |
|
|
Franklin Real Estate Securities Fund……………………………… |
September 1, 2024 |
|
FRANKLIN STRATEGIC MORTGAGE PORTFOLIO |
|
|
Franklin Strategic Mortgage Portfolio………………………………………… |
February 1, 2024 |
|
FRANKLIN STRATEGIC SERIES |
|
|
Franklin Biotechnology Discovery Fund………… |
September 1, 2024 |
|
Franklin Growth Opportunities Fund…………… |
September 1, 2024 |
|
Franklin Natural Resources Fund……………… |
September 1, 2024 |
|
Franklin Small Cap Growth Fund……………… |
September 1, 2024 |
|
Franklin Small-Mid Cap Growth Fund………… |
September 1, 2024 |
|
Franklin Strategic Income Fund………………… |
September 1, 2024 |
|
FRANKLIN TAX-FREE TRUST |
|
|
Franklin Alabama Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin Arizona Tax-Free Income Fund……………………………….. |
July 1, 2024 |
|
Franklin Colorado Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin Connecticut Tax-Free Income Fund…………………………… |
July 1, 2024 |
|
Franklin Federal Intermediate-Term Tax-Free Income Fund…………… |
July 1, 2024 |
|
Franklin Federal Limited-Term Tax-Free Income Fund………………… |
July 1, 2024 |
|
Franklin Georgia Tax-Free Income Fund………………………………… |
July 1, 2024 |
|
Fund |
Date of Prospectus |
|
Franklin High Yield Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin Louisiana Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin Maryland Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin Massachusetts Tax-Free Income Fund………………………… |
July 1, 2024 |
|
Franklin Michigan Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin Minnesota Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin Missouri Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin New Jersey Tax-Free Income Fund………………………… |
July 1, 2024 |
|
Franklin North Carolina Tax-Free Income Fund……………………… |
July 1, 2024 |
|
Franklin Ohio Tax-Free Income Fund………………………………… |
July 1, 2024 |
|
Franklin Oregon Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
Franklin Pennsylvania Tax-Free Income Fund……………………… |
July 1, 2024 |
|
Franklin Virginia Tax-Free Income Fund……………………………… |
July 1, 2024 |
|
FRANKLIN VALUE INVESTORS TRUST |
|
|
Franklin Mutual Small-Mid Cap Value Fund………………… |
May 22, 2024 |
|
Franklin Mutual U.S. Mid Cap Value Fund…………………… |
March 1, 2024 |
|
Franklin Small Cap Value Fund………………………………… |
March 1, 2024 |
|
TEMPLETON DEVELOPING MARKETS TRUST |
|
|
Templeton Developing Markets Trust………………………… |
May 1, 2024 |
|
TEMPLETON FUNDS |
|
|
Templeton Foreign Fund……………………… |
January 1, 2024 |
|
Templeton World Fund………………………… |
January 1, 2024 |
|
TEMPLETON GLOBAL INVESTMENT TRUST |
|
|
Templeton Emerging Markets Small Cap Fund………… |
January 1, 2024 |
|
Templeton Global Balanced Fund………………………………… |
May 1, 2024 |
|
TEMPLETON GLOBAL SMALLER COMPANIES FUND |
|
|
Templeton Global Smaller Companies Fund……… |
January 1, 2024 |
|
TEMPLETON GROWTH FUND, INC. |
|
|
Templeton Growth Fund, Inc………………………… |
January 1, 2024 |
|
TEMPLETON INCOME TRUST |
|
|
Templeton Global Bond Fund……………………………………… |
May 1, 2024 |
|
Templeton Global Total Return Fund……………………………… |
May 1, 2024 |
|
Templeton International Bond Fund……………………………… |
May 1, 2024 |
|
Templeton Sustainable Emerging Markets Bond Fund………… |
May 1, 2024 |
Please retain this supplement for future reference.