Transaction Details

Footnotes

Class I Shares | On April 16, 2026, Franklin Resources, Inc. ("FRI") redeemed 88,028.169 Class I Shares and purchased 88,105.727 Class S Shares to maintain capitalization and liquidity in Class S Shares on account of an investor rebalancing its holdings from Class S Shares. FRI owns 8,459,020.38 shares in the aggregate among four share classes. Specifically, FRI owns 93,328.969 Shares of Class S Shares, 5,232.408 Shares of Class T Shares, 5,250.651 Shares of Class D Shares and 8,355,285.91 Shares of Class I Shares. | LIMITED POWERS OF ATTORNEY FOR SECTION 13 AND 16 REPORTING OBLIGATIONS (incorporated by reference to Form 4 filed on January 16, 2026) | Class S Shares