Item B.1. Background information.

a. Full name of Registrant	FRANKLIN FUND ALLOCATOR SERIES
b. Investment Company Act file number ( e.g., 811-)	811-07851
c. CIK	0001022804
d. LEI	5493009BPYLDNZHEMO31

Item B.2. Address and telephone number of Registrant.

a. Street 1	One Franklin Parkway
Street 2
b. City	San Mateo
c. State, if applicable	CALIFORNIA
d. Foreign country, if applicable	UNITED STATES OF AMERICA
e. Zip code and zip code extension, or foreign postal code	94403-1906
f. Telephone number (including country code if foreign)	650-312-2000
g. Public Website, if any	franklintempleton.com

Item B.3. Location of books and records.

Instruction. Provide the requested information for each person maintaining physical possession of each account, book, or other document required to be maintained by section 31(a) of the Act (15 U.S.C. 80a-30(a)) and the rules under that section.

Location books Record: 1
a. Name of person (e.g., a custodian of records)	Franklin Advisers, Inc.
b. Street 1	One Franklin Parkway
Street 2
c. City	San Mateo
d. State, if applicable	CALIFORNIA
e. Foreign country, if applicable	UNITED STATES OF AMERICA
f. Zip code and zip code extension, or foreign postal code	94403-1906
g. Telephone number (including country code if foreign)	650-312-2000
h. Briefly describe the books and records kept at this location:	Records related to its functions as Investment manager
Location books Record: 2
a. Name of person (e.g., a custodian of records)	Franklin Templeton Services, LLC
b. Street 1	One Franklin Parkway
Street 2
c. City	San Mateo
d. State, if applicable	CALIFORNIA
e. Foreign country, if applicable	UNITED STATES OF AMERICA
f. Zip code and zip code extension, or foreign postal code	94403-1906
g. Telephone number (including country code if foreign)	650-312-2000
h. Briefly describe the books and records kept at this location:	Records related to its functions as Administrative manager
Location books Record: 3
a. Name of person (e.g., a custodian of records)	Franklin Templeton Investor Services, LLC
b. Street 1	One Franklin Parkway
Street 2
c. City	San Mateo
d. State, if applicable	CALIFORNIA
e. Foreign country, if applicable	UNITED STATES OF AMERICA
f. Zip code and zip code extension, or foreign postal code	94403-1906
g. Telephone number (including country code if foreign)	650-312-6641
h. Briefly describe the books and records kept at this location:	Records related to its functions as Transfer agent
Location books Record: 4
a. Name of person (e.g., a custodian of records)	Franklin Templeton Distributors, Inc.
b. Street 1	One Franklin Parkway
Street 2
c. City	San Mateo
d. State, if applicable	CALIFORNIA
e. Foreign country, if applicable	UNITED STATES OF AMERICA
f. Zip code and zip code extension, or foreign postal code	94403-1906
g. Telephone number (including country code if foreign)	650-312-2000
h. Briefly describe the books and records kept at this location:	Records related to its functions as Principal underwriter
Location books Record: 5
a. Name of person (e.g., a custodian of records)	The Bank of New York Mellon
b. Street 1	111 Sanders Creek Parkway
Street 2
c. City	East Syracuse
d. State, if applicable	NEW YORK
e. Foreign country, if applicable	UNITED STATES OF AMERICA
f. Zip code and zip code extension, or foreign postal code	13057
g. Telephone number (including country code if foreign)	855-231-1706
h. Briefly describe the books and records kept at this location:	Records related to its functions as Custodian

Item B.4. Initial of final filings.

Instruction. Respond "yes" to Item B.4.b only if the Registrant has filed an application to deregister or will file an application to deregister before its next required filing on this form.

a. Is this the first filing on this form by the Registrant?	Yes No
b. Is this the last filing on this form by the Registrant?	Yes No

Item B.5. Family of investment companies.

Instruction. "Family of investment companies" means, except for insurance company separate accounts, any two or more registered investment companies that (i) share the same investment adviser or principal underwriter; and (ii) hold themselves out to investors as related companies for purposes of investment and investor services.In responding to this item, all Registrants in the family of investment companies should report the name of the family of investment companies identically.

Insurance company separate accounts that may not hold themselves out to investors as related companies (products) for purposes of investment and investor services should consider themselves part of the same family if the operational or accounting or control systems under which these entities function are substantially similar.

a. Is the Registrant part of a family of investment companies?

Yes No

i. Full name of family of investment companies

Franklin Templeton Group of Funds

Item B.6. Organization.

Instruction. For Item B.6.a.i., the Registrant should include all Series that have been established by the Registrant and have shares outstanding (other than shares issued in connection with an initial investment to satisfy section 14(a) of the Act).

Indicate the classification of the Registrant by checking the applicable item below.

 a. Open-end management investment company registered under the Act on Form N-1A 
 b. Closed-end management investment company registered under the Act on Form N-2  
 c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3 
 d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4 
 e. Small business investment company registered under the Act on Form N-5 
 f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6 
 g. Unit investment trust registered under the Act on Form N-8B-2 

i. Total number of Series of the Registrant

23

Item B.7. Securities Act registration.

Is the Registrant the issuer of a class of securities registered under the Securities Act of 1933 ("Securities Act")?

Yes No

Item B.8. Directors.

Provide the information requested below about each person serving as director of the Registrant (management investment companies only):

Director Record: 1
a. Full Name	Gregory E. Johnson
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-06243
File Number Record: 2
File Number Record:	811-04356
File Number Record: 3
File Number Record:	811-04149
File Number Record: 4
File Number Record:	811-22641
File Number Record: 5
File Number Record:	811-02790
File Number Record: 6
File Number Record:	811-06135
File Number Record: 7
File Number Record:	811-05569
File Number Record: 8
File Number Record:	811-04706
File Number Record: 9
File Number Record:	811-04985
File Number Record: 10
File Number Record:	811-08394
File Number Record: 11
File Number Record:	811-07876
File Number Record: 12
File Number Record:	811-04450
File Number Record: 13
File Number Record:	811-07038
File Number Record: 14
File Number Record:	811-03143
File Number Record: 15
File Number Record:	811-07851
File Number Record: 16
File Number Record:	811-05459
File Number Record: 17
File Number Record:	811-00537
File Number Record: 18
File Number Record:	811-09869
File Number Record: 19
File Number Record:	811-04892
File Number Record: 20
File Number Record:	811-06336
File Number Record: 21
File Number Record:	811-08962
File Number Record: 22
File Number Record:	811-02605
File Number Record: 23
File Number Record:	811-21357
File Number Record: 24
File Number Record:	811-02781
File Number Record: 25
File Number Record:	811-05583
File Number Record: 26
File Number Record:	811-05878
File Number Record: 27
File Number Record:	811-06481
File Number Record: 28
File Number Record:	811-05914
File Number Record: 29
File Number Record:	811-08034
File Number Record: 30
File Number Record:	811-03395
File Number Record: 31
File Number Record:	811-07866
File Number Record: 32
File Number Record:	811-05387
File Number Record: 33
File Number Record:	811-03479
File Number Record: 34
File Number Record:	811-06378
File Number Record: 35
File Number Record:	811-07288
File Number Record: 36
File Number Record:	811-08226
File Number Record: 37
File Number Record:	811-04267
File Number Record: 38
File Number Record:	811-01700
File Number Record: 39
File Number Record:	811-10157
File Number Record: 40
File Number Record:	811-04787
File Number Record: 41
File Number Record:	811-04986
File Number Record: 42
File Number Record:	811-04894
File Number Record: 43
File Number Record:	811-01608
Director Record: 2
a. Full Name	Rupert H. Johnson, Jr.
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-05459
File Number Record: 2
File Number Record:	811-08226
File Number Record: 3
File Number Record:	811-05914
File Number Record: 4
File Number Record:	811-08034
File Number Record: 5
File Number Record:	811-06481
File Number Record: 6
File Number Record:	811-02781
File Number Record: 7
File Number Record:	811-06336
File Number Record: 8
File Number Record:	811-04986
File Number Record: 9
File Number Record:	811-04267
File Number Record: 10
File Number Record:	811-02605
File Number Record: 11
File Number Record:	811-07866
File Number Record: 12
File Number Record:	811-05583
File Number Record: 13
File Number Record:	811-01608
File Number Record: 14
File Number Record:	811-21357
File Number Record: 15
File Number Record:	811-09869
File Number Record: 16
File Number Record:	811-06243
File Number Record: 17
File Number Record:	811-04894
File Number Record: 18
File Number Record:	811-07038
File Number Record: 19
File Number Record:	811-04149
File Number Record: 20
File Number Record:	811-04450
File Number Record: 21
File Number Record:	811-08394
File Number Record: 22
File Number Record:	811-03395
File Number Record: 23
File Number Record:	811-02790
File Number Record: 24
File Number Record:	811-06378
File Number Record: 25
File Number Record:	811-07851
File Number Record: 26
File Number Record:	811-08962
File Number Record: 27
File Number Record:	811-00537
File Number Record: 28
File Number Record:	811-07876
File Number Record: 29
File Number Record:	811-07288
File Number Record: 30
File Number Record:	811-04787
File Number Record: 31
File Number Record:	811-03143
File Number Record: 32
File Number Record:	811-01700
File Number Record: 33
File Number Record:	811-10157
File Number Record: 34
File Number Record:	811-04356
File Number Record: 35
File Number Record:	811-06135
File Number Record: 36
File Number Record:	811-04892
File Number Record: 37
File Number Record:	811-05569
File Number Record: 38
File Number Record:	811-04985
File Number Record: 39
File Number Record:	811-03479
File Number Record: 40
File Number Record:	811-04706
Director Record: 3
a. Full Name	Edith E. Holiday
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-04892
File Number Record: 2
File Number Record:	811-03395
File Number Record: 3
File Number Record:	811-05583
File Number Record: 4
File Number Record:	811-07038
File Number Record: 5
File Number Record:	811-04356
File Number Record: 6
File Number Record:	811-07288
File Number Record: 7
File Number Record:	811-04149
File Number Record: 8
File Number Record:	811-04787
File Number Record: 9
File Number Record:	811-21357
File Number Record: 10
File Number Record:	811-05569
File Number Record: 11
File Number Record:	811-06481
File Number Record: 12
File Number Record:	811-04986
File Number Record: 13
File Number Record:	811-06135
File Number Record: 14
File Number Record:	811-04985
File Number Record: 15
File Number Record:	811-02790
File Number Record: 16
File Number Record:	811-02781
File Number Record: 17
File Number Record:	811-01608
File Number Record: 18
File Number Record:	811-00537
File Number Record: 19
File Number Record:	811-04706
File Number Record: 20
File Number Record:	811-04894
File Number Record: 21
File Number Record:	811-07866
File Number Record: 22
File Number Record:	811-08394
File Number Record: 23
File Number Record:	811-01700
File Number Record: 24
File Number Record:	811-08226
File Number Record: 25
File Number Record:	811-07876
File Number Record: 26
File Number Record:	811-04450
File Number Record: 27
File Number Record:	811-04267
File Number Record: 28
File Number Record:	811-03479
File Number Record: 29
File Number Record:	811-10157
File Number Record: 30
File Number Record:	811-03143
File Number Record: 31
File Number Record:	811-02605
File Number Record: 32
File Number Record:	811-05459
File Number Record: 33
File Number Record:	811-07851
File Number Record: 34
File Number Record:	811-06243
File Number Record: 35
File Number Record:	811-08962
File Number Record: 36
File Number Record:	811-09869
File Number Record: 37
File Number Record:	811-06378
File Number Record: 38
File Number Record:	811-08034
File Number Record: 39
File Number Record:	811-05914
File Number Record: 40
File Number Record:	811-06336
Director Record: 4
a. Full Name	John B. Wilson
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-06243
File Number Record: 2
File Number Record:	811-07038
File Number Record: 3
File Number Record:	811-08034
File Number Record: 4
File Number Record:	811-05583
File Number Record: 5
File Number Record:	811-04450
File Number Record: 6
File Number Record:	811-07288
File Number Record: 7
File Number Record:	811-04787
File Number Record: 8
File Number Record:	811-01608
File Number Record: 9
File Number Record:	811-04149
File Number Record: 10
File Number Record:	811-08962
File Number Record: 11
File Number Record:	811-01700
File Number Record: 12
File Number Record:	811-10157
File Number Record: 13
File Number Record:	811-05569
File Number Record: 14
File Number Record:	811-04894
File Number Record: 15
File Number Record:	811-03395
File Number Record: 16
File Number Record:	811-06336
File Number Record: 17
File Number Record:	811-04356
File Number Record: 18
File Number Record:	811-03479
File Number Record: 19
File Number Record:	811-09869
File Number Record: 20
File Number Record:	811-00537
File Number Record: 21
File Number Record:	811-07851
File Number Record: 22
File Number Record:	811-02790
File Number Record: 23
File Number Record:	811-02605
File Number Record: 24
File Number Record:	811-04267
File Number Record: 25
File Number Record:	811-06481
File Number Record: 26
File Number Record:	811-04986
File Number Record: 27
File Number Record:	811-21357
Director Record: 5
a. Full Name	J. Michael Luttig
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-02790
File Number Record: 2
File Number Record:	811-06135
File Number Record: 3
File Number Record:	811-05583
File Number Record: 4
File Number Record:	811-06336
File Number Record: 5
File Number Record:	811-07866
File Number Record: 6
File Number Record:	811-04149
File Number Record: 7
File Number Record:	811-02781
File Number Record: 8
File Number Record:	811-04267
File Number Record: 9
File Number Record:	811-04450
File Number Record: 10
File Number Record:	811-07288
File Number Record: 11
File Number Record:	811-04894
File Number Record: 12
File Number Record:	811-08226
File Number Record: 13
File Number Record:	811-07038
File Number Record: 14
File Number Record:	811-03395
File Number Record: 15
File Number Record:	811-04985
File Number Record: 16
File Number Record:	811-08962
File Number Record: 17
File Number Record:	811-05459
File Number Record: 18
File Number Record:	811-04986
File Number Record: 19
File Number Record:	811-05569
File Number Record: 20
File Number Record:	811-01608
File Number Record: 21
File Number Record:	811-06243
File Number Record: 22
File Number Record:	811-04356
File Number Record: 23
File Number Record:	811-01700
File Number Record: 24
File Number Record:	811-03479
File Number Record: 25
File Number Record:	811-10157
File Number Record: 26
File Number Record:	811-02605
File Number Record: 27
File Number Record:	811-06378
File Number Record: 28
File Number Record:	811-21357
File Number Record: 29
File Number Record:	811-07876
File Number Record: 30
File Number Record:	811-08394
File Number Record: 31
File Number Record:	811-04787
File Number Record: 32
File Number Record:	811-05914
File Number Record: 33
File Number Record:	811-03143
File Number Record: 34
File Number Record:	811-06481
File Number Record: 35
File Number Record:	811-00537
File Number Record: 36
File Number Record:	811-09869
File Number Record: 37
File Number Record:	811-04706
File Number Record: 38
File Number Record:	811-04892
File Number Record: 39
File Number Record:	811-08034
File Number Record: 40
File Number Record:	811-07851
Director Record: 6
a. Full Name	Mary C. Choksi
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-07288
File Number Record: 2
File Number Record:	811-07876
File Number Record: 3
File Number Record:	811-01608
File Number Record: 4
File Number Record:	811-07851
File Number Record: 5
File Number Record:	811-04267
File Number Record: 6
File Number Record:	811-04706
File Number Record: 7
File Number Record:	811-06481
File Number Record: 8
File Number Record:	811-05569
File Number Record: 9
File Number Record:	811-03395
File Number Record: 10
File Number Record:	811-04450
File Number Record: 11
File Number Record:	811-08962
File Number Record: 12
File Number Record:	811-04787
File Number Record: 13
File Number Record:	811-21357
File Number Record: 14
File Number Record:	811-06378
File Number Record: 15
File Number Record:	811-07038
File Number Record: 16
File Number Record:	811-00537
File Number Record: 17
File Number Record:	811-02781
File Number Record: 18
File Number Record:	811-04356
File Number Record: 19
File Number Record:	811-04894
File Number Record: 20
File Number Record:	811-04986
File Number Record: 21
File Number Record:	811-03479
File Number Record: 22
File Number Record:	811-04892
File Number Record: 23
File Number Record:	811-02605
File Number Record: 24
File Number Record:	811-01700
File Number Record: 25
File Number Record:	811-02790
File Number Record: 26
File Number Record:	811-04985
File Number Record: 27
File Number Record:	811-06336
File Number Record: 28
File Number Record:	811-08394
File Number Record: 29
File Number Record:	811-06135
File Number Record: 30
File Number Record:	811-08226
File Number Record: 31
File Number Record:	811-04149
File Number Record: 32
File Number Record:	811-03143
File Number Record: 33
File Number Record:	811-05583
File Number Record: 34
File Number Record:	811-06243
File Number Record: 35
File Number Record:	811-09869
File Number Record: 36
File Number Record:	811-10157
File Number Record: 37
File Number Record:	811-05914
File Number Record: 38
File Number Record:	811-08034
File Number Record: 39
File Number Record:	811-05459
File Number Record: 40
File Number Record:	811-07866
Director Record: 7
a. Full Name	Larry D. Thompson
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-04450
File Number Record: 2
File Number Record:	811-06135
File Number Record: 3
File Number Record:	811-06243
File Number Record: 4
File Number Record:	811-04985
File Number Record: 5
File Number Record:	811-08394
File Number Record: 6
File Number Record:	811-03395
File Number Record: 7
File Number Record:	811-06378
File Number Record: 8
File Number Record:	811-03143
File Number Record: 9
File Number Record:	811-07866
File Number Record: 10
File Number Record:	811-04894
File Number Record: 11
File Number Record:	811-02605
File Number Record: 12
File Number Record:	811-05914
File Number Record: 13
File Number Record:	811-07038
File Number Record: 14
File Number Record:	811-07876
File Number Record: 15
File Number Record:	811-04986
File Number Record: 16
File Number Record:	811-06336
File Number Record: 17
File Number Record:	811-21357
File Number Record: 18
File Number Record:	811-07288
File Number Record: 19
File Number Record:	811-04787
File Number Record: 20
File Number Record:	811-04267
File Number Record: 21
File Number Record:	811-05583
File Number Record: 22
File Number Record:	811-05569
File Number Record: 23
File Number Record:	811-05459
File Number Record: 24
File Number Record:	811-08962
File Number Record: 25
File Number Record:	811-08226
File Number Record: 26
File Number Record:	811-07851
File Number Record: 27
File Number Record:	811-02781
File Number Record: 28
File Number Record:	811-01608
File Number Record: 29
File Number Record:	811-06481
File Number Record: 30
File Number Record:	811-01700
File Number Record: 31
File Number Record:	811-04356
File Number Record: 32
File Number Record:	811-04706
File Number Record: 33
File Number Record:	811-09869
File Number Record: 34
File Number Record:	811-04892
File Number Record: 35
File Number Record:	811-10157
File Number Record: 36
File Number Record:	811-00537
File Number Record: 37
File Number Record:	811-08034
File Number Record: 38
File Number Record:	811-04149
File Number Record: 39
File Number Record:	811-02790
File Number Record: 40
File Number Record:	811-03479
Director Record: 8
a. Full Name	Harris J. Ashton
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-07851
File Number Record: 2
File Number Record:	811-01700
File Number Record: 3
File Number Record:	811-08962
File Number Record: 4
File Number Record:	811-02605
File Number Record: 5
File Number Record:	811-07038
File Number Record: 6
File Number Record:	811-21357
File Number Record: 7
File Number Record:	811-09869
File Number Record: 8
File Number Record:	811-06336
File Number Record: 9
File Number Record:	811-06378
File Number Record: 10
File Number Record:	811-02781
File Number Record: 11
File Number Record:	811-07866
File Number Record: 12
File Number Record:	811-07288
File Number Record: 13
File Number Record:	811-04706
File Number Record: 14
File Number Record:	811-05914
File Number Record: 15
File Number Record:	811-05459
File Number Record: 16
File Number Record:	811-04985
File Number Record: 17
File Number Record:	811-05569
File Number Record: 18
File Number Record:	811-00537
File Number Record: 19
File Number Record:	811-08226
File Number Record: 20
File Number Record:	811-04450
File Number Record: 21
File Number Record:	811-08034
File Number Record: 22
File Number Record:	811-07876
File Number Record: 23
File Number Record:	811-04356
File Number Record: 24
File Number Record:	811-06243
File Number Record: 25
File Number Record:	811-06135
File Number Record: 26
File Number Record:	811-08394
File Number Record: 27
File Number Record:	811-03395
File Number Record: 28
File Number Record:	811-04892
File Number Record: 29
File Number Record:	811-06481
File Number Record: 30
File Number Record:	811-02790
File Number Record: 31
File Number Record:	811-04149
File Number Record: 32
File Number Record:	811-03479
File Number Record: 33
File Number Record:	811-04787
File Number Record: 34
File Number Record:	811-03143
File Number Record: 35
File Number Record:	811-01608
File Number Record: 36
File Number Record:	811-05583
File Number Record: 37
File Number Record:	811-04267
File Number Record: 38
File Number Record:	811-10157
File Number Record: 39
File Number Record:	811-04986
File Number Record: 40
File Number Record:	811-04894
Director Record: 9
a. Full Name	Terrence J. Checki
b. CRD number, if any	N/A
c. Is the person an "interested person" of the Registrant as that term is defined in section 2(a)(19) of the Act (15 U.S.C. 80a-2(a)(19))?	Yes No
d. Investment Company Act file number of any other registered investment company for which the person also serves as a director (e.g., 811-)
File Number Record: 1
File Number Record:	811-10157
File Number Record: 2
File Number Record:	811-04986
File Number Record: 3
File Number Record:	811-07851
File Number Record: 4
File Number Record:	811-04894
File Number Record: 5
File Number Record:	811-09869
File Number Record: 6
File Number Record:	811-02605
File Number Record: 7
File Number Record:	811-08034
File Number Record: 8
File Number Record:	811-04787
File Number Record: 9
File Number Record:	811-04450
File Number Record: 10
File Number Record:	811-03479
File Number Record: 11
File Number Record:	811-06336
File Number Record: 12
File Number Record:	811-04267
File Number Record: 13
File Number Record:	811-04149
File Number Record: 14
File Number Record:	811-07038
File Number Record: 15
File Number Record:	811-01608
File Number Record: 16
File Number Record:	811-21357
File Number Record: 17
File Number Record:	811-03395
File Number Record: 18
File Number Record:	811-05569
File Number Record: 19
File Number Record:	811-07288
File Number Record: 20
File Number Record:	811-04356
File Number Record: 21
File Number Record:	811-06481
File Number Record: 22
File Number Record:	811-08962
File Number Record: 23
File Number Record:	811-01700
File Number Record: 24
File Number Record:	811-02790
File Number Record: 25
File Number Record:	811-06243
File Number Record: 26
File Number Record:	811-05583
File Number Record: 27
File Number Record:	811-00537

Item B.9. Chief compliance officer.

Provide the information requested below about each person serving as chief compliance officer of the Registrant for purposes of rule 38a-1 (17 CFR 270.38a- 1):

Chief compliance officer Record: 1
a. Full Name	Robert C. Rosselot
b. CRD Number, if any	N/A
c. Street Address 1	300 S.E. 2nd Street
Street Address 2
d. City	Fort Lauderdale
e. State, if applicable	FLORIDA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Zip code and zip code extension, or foreign postal code	33301-1923
h. Telephone number (including country code if foreign)	XXXXXX
i. Has the chief compliance officer changed since the last filing?	Yes No

If the chief compliance officer is compensated or employed by any person other than the Registrant, or an affiliated person of the Registrant, for providing chief compliance officer services, provide:

CCO employer Record: 1
i. Name of the person	N/A
ii. Person's IRS Employer Identification Number	N/A

Item B.10. Matters for security holder vote.

Instruction. Registrants registered on Forms N-3, N-4 or N-6, should respond "yes" to this Item only if security holder votes were solicited on contract-level matters.

Were any matters submitted by the Registrant for its security holders' vote during the reporting period?

Yes No

Item B.11. Legal proceeding.

Instruction. For purposes of this Item, the following proceedings should be described: (1) any bankruptcy, receivership or similar proceeding with respect to the Registrant or any of its significant subsidiaries; (2) any proceeding to which any director, officer or other affiliated person of the Registrant is a party adverse to the Registrant or any of its subsidiaries; and (3) any proceeding involving the revocation or suspension of the right of the Registrant to sell securities.

a. Have there been any material legal proceedings, other than routine litigation incidental to the business, to which the Registrant or any of its subsidiaries was a party or of which any of their property was the subject during the reporting period?

Yes No

b. Has any proceeding previously reported been terminated?

Yes No

Item B.12. Fidelity bond and insurance (management investment companies only).

a. Were any claims with respect to the Registrant filed under a fidelity bond (including, but not limited to, the fidelity insuring agreement of the bond) during the reporting period?	Yes No

Item B.13. Directors and officers/errors and omissions insurance (management investment companies only).

a. Are the Registrant's officers or directors covered in their capacities as officers or directors under any directors and officers/errors and omissions insurance policy owned by the Registrant or anyone else?	Yes No
i. If yes, were any claims filed under the policy during the reporting period with respect to the Registrant?	Yes No

Item B.14. Provision of financial support.

Instruction. For purposes of this Item, a provision of financial support includes any (1) capital contribution, (2) purchase of a security from a Money Market Fund in reliance on rule 17a-9 under the Act (17 CFR 270.17a-9), (3) purchase of any defaulted or devalued security at fair value reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio, (4) execution of letter of credit or letter of indemnity, (5) capital support agreement (whether or not the Registrant ultimately received support), (6) performance guarantee, or (7) other similar action reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio. Provision of financial support does not include any (1) routine waiver of fees or reimbursement of Registrant's expenses, (2) routine inter-fund lending, (3) routine inter-fund purchases of Registrant's shares, or (4) action that would qualify as financial support as defined above, that the board of directors has otherwise determined not to be reasonably intended to increase or stabilize the value or liquidity of the Registrant's portfolio.

Did an affiliated person, promoter, or principal underwriter of the Registrant, or an affiliated person of such a person, provide any form of financial support to the Registrant during the reporting period?

Yes No

Item B.15. Exemptive orders.

a. During the reporting period, did the Registrant rely on any orders from the Commission granting an exemption from one or more provisions of the Act, Securities Act or Exchange Act?	Yes No
Release number Record: 1
i. If yes, provide below the release number for each order	IC-30698
Release number Record: 2
i. If yes, provide below the release number for each order	IC-15534
Release number Record: 3
i. If yes, provide below the release number for each order	IC-33117
Release number Record: 4
i. If yes, provide below the release number for each order	IC-32722

Item B.16. Principal underwriters.

a. Provide the information requested below about each principal underwriter:

Principal underwriter Record: 1
i. Full name	Franklin Templeton Distributors, Inc.
ii. SEC file number (e.g., 8-)	8-5889
iii. CRD number	000000332
iv. LEI, if any	N/A
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Is the principal underwriter an affiliated person of the Registrant, or its investment adviser(s) or depositor?	Yes No
b. Have any principal underwriters been hired or terminated during the reporting period?	Yes No

Item B.17. Independent public accountant.

Provide the following information about eachthe independent public accountant:

Public accountant Record: 1
a. Full Name	PricewaterhouseCoopers LLP
b. PCAOB Number	238
c. LEI, if any	5493002GVO7EO8RNNS37
d. State, if applicable	CALIFORNIA
e. Foreign country, if applicable	UNITED STATES OF AMERICA

f. Has the independent public accountant changed since the last filing?

Yes No

Item B.18. Report on internal control (management investment companies only).

Instruction. Small business investment companies are not required to respond to this item.

For the reporting period, did an independent public accountant's report on internal control note any material weaknesses?

Yes No

Item B.19. Audit opinion.

For the reporting period, did an independent public accountant issue an opinion other than an unqualified opinion with respect to its audit of the Registrant's financial statements?

Yes No

Item B.20. Change in valuation methods.

Instruction. Responses to this item need not include changes to valuation techniques used for individual securities (e.g., changing from market approach to income approach for a private equity security). In responding to Item B.20.c., provide the applicable "asset type" category specified in Item C.4.a. of Form N-PORT. In responding to Item B.20.d., provide a brief description of the type of investments involved. If the change in valuation methods applies only to certain sub-asset types included in the response to Item B.20.c., please provide the sub-asset types in the response to Item B.20.d. The responses to Item B.20.c. and Item B.20.d. should be identical only if the change in valuation methods applies to all assets within that category.

Have there been material changes in the method of valuation (e.g., change from use of bid price to mid price for fixed income securities or change in trigger threshold for use of fair value factors on international equity securities) of the Registrant's assets during the reporting period?

Yes No

Item B.21. Change in accounting principles and practices.

Have there been any changes in accounting principles or practices, or any change in the method of applying any such accounting principles or practices, which will materially affect the financial statements filed or to be filed for the current year with the Commission and which has not been previously reported?

Yes No

Item B.22. Net asset value error corrections (open-end management investment companies only).

a. During the reporting period, were any payments made to shareholders or shareholder accounts reprocessed as a result of an error in calculating the Registrant's net asset value (or net asset value per share)?

Yes No

Item B.23. Rule 19a-1 notice (management investment companies only).

During the reporting period, did the Registrant pay any dividend or make any distribution in the nature of a dividend payment, required to be accompanied by a written statement pursuant to section 19(a) of the Act (15 U.S.C. 80a-19(a)) and rule 19a-1 thereunder (17 CFR 270.19a-1)?

Yes No

Payment dividend series info Record: 1
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN LIFESMART 2055 RETIREMENT TARGET FUND
ii. Series identification number	S000049109

Payment dividend series info Record: 2
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN LIFESMART 2030 RETIREMENT TARGET FUND
ii. Series identification number	S000041338

Payment dividend series info Record: 3
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN LIFESMART 2025 RETIREMENT TARGET FUND
ii. Series identification number	S000012938

Payment dividend series info Record: 4
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN GROWTH ALLOCATION FUND
ii. Series identification number	S000007242

Payment dividend series info Record: 5
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN LIFESMART 2045 RETIREMENT TARGET FUND
ii. Series identification number	S000012940

Payment dividend series info Record: 6
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN LIFESMART 2040 RETIREMENT TARGET FUND
ii. Series identification number	S000041339

Payment dividend series info Record: 7
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN CONSERVATIVE ALLOCATION FUND
ii. Series identification number	S000007239

Payment dividend series info Record: 8
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN COREFOLIO ALLOCATION FUND
ii. Series identification number	S000007240

Payment dividend series info Record: 9
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN MODERATE ALLOCATION FUND
ii. Series identification number	S000007243

Payment dividend series info Record: 10
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN LIFESMART 2035 RETIREMENT TARGET FUND
ii. Series identification number	S000012939

Payment dividend series info Record: 11
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN LIFESMART RETIREMENT INCOME FUND
ii. Series identification number	S000012937

Payment dividend series info Record: 12
a. If yes, and to the extent the response relates only to certain series of the Registrant, indicate the series involved:
i. Series name	FRANKLIN LIFESMART 2050 RETIREMENT TARGET FUND
ii. Series identification number	S000041340

General Instruction. Management investment companies that offer multiple series must complete Part C as to each series separately, even if some information is the same for two or more series. To begin this section or add an additional series(s), click on the bar labeled "Add a New Series" below.

Management Investment Record: 1

Item C.1. Background information.

a. Full Name of the Fund	Franklin Corefolio Allocation Fund
b. Series identication number, if any	S000007240
c. LEI	549300XTK2PMSEJNWL03
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class C
ii. Class identification number, if any	C000019846
iii. Ticker symbol, if any	FTCLX
Shares Outstanding Record: 2
i. Full name of Class	Class A
ii. Class identification number, if any	C000019844
iii. Ticker symbol, if any	FTCOX
Shares Outstanding Record: 3
i. Full name of Class	Class R6
ii. Class identification number, if any	C000194375
iii. Ticker symbol, if any	FTLQX
Shares Outstanding Record: 4
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000019848
iii. Ticker symbol, if any	FCAZX
Shares Outstanding Record: 5
i. Full name of Class	Class R
ii. Class identification number, if any	C000019847
iii. Ticker symbol, if any	N/A

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

i. Full name
ii. SEC file number ( e.g., 801- )
iii.CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Was the investment adviser hired during the reporting period?	Yes No
1. If the investment adviser was hired during the reporting period, indicate the investment adviser's start date:

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

i. Full name
ii. LEI, if any, or provide and describe other identifying number
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	THE BANK OF NEW YORK MELLON
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES, LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	SEC File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 2
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 3
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

i. Full name of broker
ii. SEC file number
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Gross commissions paid by the Fund for the reporting period

b. Aggregate brokerage commissions paid by Fund during the reporting period:	0.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

i. Full name of dealer
ii. SEC file number
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Total value of purchases and sales (excluding maturing securities) with Fund:

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

0.00

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	794,109,973.00
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 2
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 3
Name of institution	THE BANK OF NOVA SCOTIA
Line Institutions Record: 4
Name of institution	CITIBANK, N.A.
Line Institutions Record: 5
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 6
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 7
Name of institution	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Line Institutions Record: 8
Name of institution	UMB BANK, N.A.
Line Institutions Record: 9
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 10
Name of institution	BANK OF AMERICA, N.A.
Line Institutions Record: 11
Name of institution	THE BANK OF NEW YORK MELLON
Line Institutions Record: 12
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 13
Name of institution	THE TORONTO-DOMINION BANK
Line Institutions Record: 14
Name of institution	MORGAN STANLEY BANK, N.A.
Line Institutions Record: 15
Name of institution	STATE STREET BANK AND TRUST COMPANY
Line Institutions Record: 16
Name of institution	HSBC BANK USA, N.A.
Line Institutions Record: 17
Name of institution	JPMORGAN CHASE BANK, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 2

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 3

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 4

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 5

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 6

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 7

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 8

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 9

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 10

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 11

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 12

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 13

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 14

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 15

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 16

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 17

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 18

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 19

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 20

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 34

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 36

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 37

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 38

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 40

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 41

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 42

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 43

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 44

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 45

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 46

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 47

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 48

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 49

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 50

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 51

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 52

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 53

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 54

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 55

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 56

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 57

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 58

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 59

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 60

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 61

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 62

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 64

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 66

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 67

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 68

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 81

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 82

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 83

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 84

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 85

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 86

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 87

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 88

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 89

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 90

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 91

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 92

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 93

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 94

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 95

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 96

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 97

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 98

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 99

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 118

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 119

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 120

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 121

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 122

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 123

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 124

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 125

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 126

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 127

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 128

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 129

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 130

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 131

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 132

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 133

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 134

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 135

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 136

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 137

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 138

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 139

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 2

Item C.1. Background information.

a. Full Name of the Fund	Franklin Growth Allocation Fund
b. Series identication number, if any	S000007242
c. LEI	549300LZSV7O3XTZ3R59
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class R
ii. Class identification number, if any	C000019858
iii. Ticker symbol, if any	FGTRX
Shares Outstanding Record: 2
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000019855
iii. Ticker symbol, if any	FGTZX
Shares Outstanding Record: 3
i. Full name of Class	Class R6
ii. Class identification number, if any	C000126012
iii. Ticker symbol, if any	N/A
Shares Outstanding Record: 4
i. Full name of Class	Class A
ii. Class identification number, if any	C000019856
iii. Ticker symbol, if any	FGTIX
Shares Outstanding Record: 5
i. Full name of Class	Class C
ii. Class identification number, if any	C000019857
iii. Ticker symbol, if any	FTGTX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Deutsche Bank AG
ii. LEI, if any	529900LKVNEX4SG4UD38
iii. State, if applicable
iv. Foreign country, if applicable	PHILIPPINES
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	Skandinaviska Enskilda Banken AB
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	DENMARK
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 3
i. Full name	Citibank Europe Plc
ii. LEI, if any	N1FBEDJ5J41VKZLO2475
iii. State, if applicable
iv. Foreign country, if applicable	BELGIUM
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 4
i. Full name	Euroclear Bank
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	BELGIUM
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 5
i. Full name	Citibanamex
ii. LEI, if any	2SFFM4FUIE05S37WFU55
iii. State, if applicable
iv. Foreign country, if applicable	MEXICO
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 6
i. Full name	The HongKong and Shanghai Banking Corporation Limited
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	AUSTRALIA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 7
i. Full name	Citibank Argentina
ii. LEI, if any	E57ODZWZ7FF32TWEFA76
iii. State, if applicable
iv. Foreign country, if applicable	ARGENTINA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 8
i. Full name	The Hong Kong and Shanghai Banking Corporation Limited
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	NEW ZEALAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 9
i. Full name	Banco Bilbao Vizcaya Argentaria
ii. LEI, if any	K8MS7FD7N5Z2WQ51AZ71
iii. State, if applicable
iv. Foreign country, if applicable	SPAIN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 10
i. Full name	BNP Paribas Securities Services
ii. LEI, if any	549300WCGB70D06XZS54
iii. State, if applicable
iv. Foreign country, if applicable	GREECE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 11
i. Full name	Hong Kong and Shanghai Banking Corporation
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	HONG KONG
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 12
i. Full name	Hongkong and Shanghai Banking Corporation
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	THAILAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 13
i. Full name	Skandinaviska Enskilda Banken
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	FINLAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 14
i. Full name	DBS Bank Ltd.
ii. LEI, if any	ATUEL7OJR5057F2PV266
iii. State, if applicable
iv. Foreign country, if applicable	SINGAPORE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 15
i. Full name	BNP Paribas Securities Services
ii. LEI, if any	549300WCGB70D06XZS54
iii. State, if applicable
iv. Foreign country, if applicable	FRANCE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 16
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 17
i. Full name	The Standard Bank of South Africa Limited
ii. LEI, if any	RILFO74KP1CM8P6PCT96
iii. State, if applicable
iv. Foreign country, if applicable	SOUTH AFRICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 18
i. Full name	The Bank of NY Mellon SA/NV Asset Servicing
ii. LEI, if any	MMYX0N4ZEZ13Z4XCG897
iii. State, if applicable
iv. Foreign country, if applicable	GERMANY
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 19
i. Full name	The Bank of New York Mellon
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	IRELAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 20
i. Full name	The Bank of Tokyo-Mitsubishi UFJ Ltd.
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	JAPAN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 21
i. Full name	Credit Suisse AG
ii. LEI, if any	549300CWR0W0BCS9Q144
iii. State, if applicable
iv. Foreign country, if applicable	SWITZERLAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 22
i. Full name	Skandinaviska Enskilda Banken
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	SWEDEN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 23
i. Full name	The Bank of New York Mellon SA/NV
ii. LEI, if any	529900SEOICVR2VM6Y05
iii. State, if applicable
iv. Foreign country, if applicable	NETHERLANDS
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 24
i. Full name	The Bank of New York Mellon
ii. LEI, if any	RR3QWICWWIPCS8A4S074
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 25
i. Full name	The Bank of New York Mellon SA/NV
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	ITALY
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 26
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 27
i. Full name	CIBC Mellon Trust Company
ii. LEI, if any	549300IYUUH221WBZ505
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 28
i. Full name	UniCredit Bank Austria AG
ii. LEI, if any	D1HEB8VEU6D9M8ZUXG17
iii. State, if applicable
iv. Foreign country, if applicable	AUSTRIA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	Sec File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,321.00
Brokers Record: 2
i. Full name of broker	GOLDMAN, SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	611.00
Brokers Record: 3
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	6,964.00
Brokers Record: 4
i. Full name of broker	RBC DOMINION SECURITIES INC. (TORONTO)
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	355.00
Brokers Record: 5
i. Full name of broker	JANE STREET
ii. SEC file number	8-52275
iii. CRD number	000103782
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	86,156.00
Brokers Record: 6
i. Full name of broker	CITADEL SEC INST LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,316.00
Brokers Record: 7
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA) INC
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	4,639.00
Brokers Record: 8
i. Full name of broker	LIQUID NET
ii. SEC file number	8-52461
iii. CRD number	000103987
iv. LEI, if any	213800ZIRB79BE5XQM68
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	95.00
Brokers Record: 9
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	36,729.00
Brokers Record: 10
i. Full name of broker	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	130.00
b. Aggregate brokerage commissions paid by Fund during the reporting period:	139,316.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	41,540,296.08
Principal Transactions Record: 2
i. Full name of dealer	HSBC SECURITIES (USA) INC.
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	179,165,591.25
Principal Transactions Record: 3
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2,350,461.27
Principal Transactions Record: 4
i. Full name of dealer	BANQUE NATIONALE DE PARIS
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	R0MUWSFPU8MPRO8K5P83
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	182,432,783.35

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

405,489,131.95

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	1,299,733,256
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 2
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 3
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 4
Name of institution	MORGAN STANLEY BANK, N.A.
Line Institutions Record: 5
Name of institution	JPMORGAN CHASE BANK, N.A.
Line Institutions Record: 6
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 7
Name of institution	THE BANK OF NOVA SCOTIA
Line Institutions Record: 8
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 9
Name of institution	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Line Institutions Record: 10
Name of institution	UMB BANK, N.A.
Line Institutions Record: 11
Name of institution	STATE STREET BANK AND TRUST COMPANY
Line Institutions Record: 12
Name of institution	BANK OF AMERICA, N.A.
Line Institutions Record: 13
Name of institution	THE TORONTO-DOMINION BANK
Line Institutions Record: 14
Name of institution	HSBC BANK US NA
Line Institutions Record: 15
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 16
Name of institution	CITIBANK, N.A.
Line Institutions Record: 17
Name of institution	THE BANK OF NEW YORK MELLON
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 2

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 3

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 4

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 5

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 6

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 7

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 8

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 9

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 10

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 11

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 12

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 13

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 14

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 15

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 16

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 17

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 18

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 19

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 20

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 22

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 24

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 25

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 26

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 28

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 29

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 30

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 33

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 34

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 35

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 36

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 37

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 38

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 39

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 40

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 41

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 42

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 43

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 44

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 45

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 46

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 47

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 48

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 49

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 50

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 51

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 52

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 53

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 54

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 55

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 56

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 57

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 58

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 59

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 60

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 61

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 62

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 63

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 64

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 65

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 66

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 67

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 68

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 69

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 70

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 71

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 72

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 73

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 74

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 75

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 76

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 77

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 78

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 79

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 80

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 81

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 82

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 83

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 84

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 85

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 86

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 87

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 88

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 89

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 90

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 91

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 92

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 93

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 94

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 95

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 96

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 97

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 98

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 99

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 104

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 108

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 109

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 110

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 111

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin Floating Rate Master Trust
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 113

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 116

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 117

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 118

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 119

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 120

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 121

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 122

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 123

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 124

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 125

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 126

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 127

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 128

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 129

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 130

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 131

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 132

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 133

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 134

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 135

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 136

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 137

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 138

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 139

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 3

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart 2030 Retirement Target Fund
b. Series identication number, if any	S000041338
c. LEI	549300QZVTYR56VW1065
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000128217
iii. Ticker symbol, if any	FLRZX
Shares Outstanding Record: 2
i. Full name of Class	Class R6
ii. Class identification number, if any	C000128221
iii. Ticker symbol, if any	FLERX
Shares Outstanding Record: 3
i. Full name of Class	Class R
ii. Class identification number, if any	C000128220
iii. Ticker symbol, if any	FLRWX
Shares Outstanding Record: 4
i. Full name of Class	Class C
ii. Class identification number, if any	C000128219
iii. Ticker symbol, if any	FLRTX
Shares Outstanding Record: 5
i. Full name of Class	Class A
ii. Class identification number, if any	C000128218
iii. Ticker symbol, if any	FLRSX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	THE BANK OF NEW YORK MELLON
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES, LLC
ii. LEI, if any, or provide and describe other identifying number	N/A
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	112
Brokers Record: 2
i. Full name of broker	CITADEL SECURITIES INSTITUTIONAL LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	303
Brokers Record: 3
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	87
Brokers Record: 4
i. Full name of broker	JANE STREET
ii. SEC file number	8-69254
iii. CRD number	000167280
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	4,838
Brokers Record: 5
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA) INC
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,497
Brokers Record: 6
i. Full name of broker	KNIGHT EQUITY MARKETS L P
ii. SEC file number	8-48311
iii. CRD number	000038599
iv. LEI, if any	549300RA02N3BNSWBV74
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	12
Brokers Record: 7
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,235
Brokers Record: 8
i. Full name of broker	LIQUID NET
ii. SEC file number	8-52461
iii. CRD number	000103987
iv. LEI, if any	213800ZIRB79BE5XQM68
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1
Brokers Record: 9
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	8-44325
iii. CRD number	000035865
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3,061
Brokers Record: 10
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	30
b. Aggregate brokerage commissions paid by Fund during the reporting period:	11,176.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	BNP PARIBAS SECURITIES CORP.
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	N/A
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2,181,564.37
Principal Transactions Record: 2
i. Full name of dealer	HSBC SECURITIES (USA) INC.
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,755,091.30
Principal Transactions Record: 3
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	40,436.32
Principal Transactions Record: 4
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	465,518.88

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

4,442,610.87

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	50,249,656
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
Line Institutions Record: 2
Name of institution	HSBC BANK USA NA
Line Institutions Record: 3
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 4
Name of institution	MORGAN STANLEY BANK NA
Line Institutions Record: 5
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 6
Name of institution	THE BANK OF NEW YORK MELLON
Line Institutions Record: 7
Name of institution	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Line Institutions Record: 8
Name of institution	STATE STREET BANK AND TRUST COMPANY
Line Institutions Record: 9
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 10
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 11
Name of institution	UMB BANK NA
Line Institutions Record: 12
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 13
Name of institution	CITIBANK NA
Line Institutions Record: 14
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 15
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 16
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 17
Name of institution	STANDARD CHARTERED BANK
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 2

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 3

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 4

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 5

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 6

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 7

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 8

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 9

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 10

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 11

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 12

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 13

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 14

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 15

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 16

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 17

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 18

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 19

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 20

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 36

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 37

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 38

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 40

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 41

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 42

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 43

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 44

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 45

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 46

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 47

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 48

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 49

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 50

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 51

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 52

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 53

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 54

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 55

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 56

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 57

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 58

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 59

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 60

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 61

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 62

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 64

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 66

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 67

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 68

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 81

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 82

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 83

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 84

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 85

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 86

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 87

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 88

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 89

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 90

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 91

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 92

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 93

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 94

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 95

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 96

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 97

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 98

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 99

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin LifeSmart Retirement Income Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 118

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 119

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 120

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 121

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 122

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 123

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 124

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 125

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 126

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 127

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 128

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 129

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 130

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 131

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 132

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 133

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 134

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 135

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 136

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 137

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 138

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 139

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 4

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart 2040 Retirement Target Fund
b. Series identication number, if any	S000041339
c. LEI	549300TGLGMFFQ6OWJ29
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000128226
iii. Ticker symbol, if any	FLSHX
Shares Outstanding Record: 2
i. Full name of Class	Class R6
ii. Class identification number, if any	C000128225
iii. Ticker symbol, if any	FLREX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000128223
iii. Ticker symbol, if any	FLOLX
Shares Outstanding Record: 4
i. Full name of Class	Class R
ii. Class identification number, if any	C000128224
iii. Ticker symbol, if any	FLSGX
Shares Outstanding Record: 5
i. Full name of Class	Class A
ii. Class identification number, if any	C000128222
iii. Ticker symbol, if any	FLADX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	THE BANK OF NEW YORK MELLON
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	SEC File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	8-44325
iii. CRD number	000035865
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,787
Brokers Record: 2
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	838
Brokers Record: 3
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	80
Brokers Record: 4
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA), INC.
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,377
Brokers Record: 5
i. Full name of broker	CITADEL SECURITIES INSTITUTIONAL LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	101
Brokers Record: 6
i. Full name of broker	KNIGHT EQUITY MARKETS L P
ii. SEC file number	8-48311
iii. CRD number	000038599
iv. LEI, if any	549300RA02N3BNSWBV74
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3
Brokers Record: 7
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	90
Brokers Record: 8
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	11
Brokers Record: 9
i. Full name of broker	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	5
Brokers Record: 10
i. Full name of broker	JANE STREET
ii. SEC file number	8-69254
iii. CRD number	000167280
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3,848
b. Aggregate brokerage commissions paid by Fund during the reporting period:	9,140.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	HSBC SECURITIES (USA) INC.
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,050,493.17
Principal Transactions Record: 2
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	312,639.74
Principal Transactions Record: 3
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	21,632.37
Principal Transactions Record: 4
i. Full name of dealer	BANQUE NATIONALE DE PARIS
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	R0MUWSFPU8MPRO8K5P83
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,360,615.04

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

2,745,380.32

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	40,636,062
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 2
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 3
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 4
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 5
Name of institution	STATE STREET BANK AND TRUST
Line Institutions Record: 6
Name of institution	HSBC BANK US NA
Line Institutions Record: 7
Name of institution	AUSTRALIA AND NEWZEALAND BANKING GROUP LIMITED
Line Institutions Record: 8
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 9
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 10
Name of institution	CITIBANK NA
Line Institutions Record: 11
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
Line Institutions Record: 12
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 13
Name of institution	THE BANK OF NEWYORK MELLON
Line Institutions Record: 14
Name of institution	UMB BANK NA
Line Institutions Record: 15
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 16
Name of institution	MORGAN STANLEY BANK NA
Line Institutions Record: 17
Name of institution	DEUTSCHE BANK AG
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 2

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 3

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 4

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 5

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 6

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 7

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 8

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 9

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 10

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 11

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 12

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 13

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 14

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 15

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 16

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 17

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 18

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 19

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 20

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 36

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 37

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 38

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 39

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 40

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 41

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 42

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 43

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 44

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 45

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 46

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 47

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 48

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 49

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 50

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 51

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 52

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 53

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 54

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 55

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 56

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 57

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 58

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 59

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 60

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 61

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 62

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 64

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 66

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 67

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 68

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 81

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 82

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 83

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 84

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 85

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 86

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 87

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 88

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 89

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 90

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 91

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 92

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 93

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 94

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 95

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 96

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 97

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 98

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 99

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 118

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 119

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 120

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 121

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 122

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 123

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 124

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 125

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 126

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 127

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 128

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 129

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 130

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 131

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 132

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 133

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 134

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 135

Name of fund	Franklin Floating Rate Master series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 136

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 137

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 138

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 139

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 5

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart 2020 Retirement Target Fund
b. Series identication number, if any	S000041337
c. LEI	5493007K7XC7TKMPS670
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class A
ii. Class identification number, if any	C000128212
iii. Ticker symbol, if any	FLRMX
Shares Outstanding Record: 2
i. Full name of Class	Class R
ii. Class identification number, if any	C000128214
iii. Ticker symbol, if any	FLRVX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000128213
iii. Ticker symbol, if any	FLRQX
Shares Outstanding Record: 4
i. Full name of Class	Class R6
ii. Class identification number, if any	C000128215
iii. Ticker symbol, if any	FRTSX
Shares Outstanding Record: 5
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000128216
iii. Ticker symbol, if any	FLROX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	THE BANK OF NEW YORK MELLON
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	SEC File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	8-44325
iii. CRD number	000035865
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,816
Brokers Record: 2
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA) INC
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	905
Brokers Record: 3
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	26
Brokers Record: 4
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,195
Brokers Record: 5
i. Full name of broker	JANE STREET
ii. SEC file number	8-69254
iii. CRD number	000167280
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,694
Brokers Record: 6
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	160
Brokers Record: 7
i. Full name of broker	KNIGHT EQUITY MARKETS L P
ii. SEC file number	8-48311
iii. CRD number	000038599
iv. LEI, if any	549300RA02N3BNSWBV74
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	18
Brokers Record: 8
i. Full name of broker	CITADEL SECURITIES INSTITUTIONAL LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	N/A
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	89
Brokers Record: 9
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	52
b. Aggregate brokerage commissions paid by Fund during the reporting period:	6,955.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	HSBC SECURITIES (USA) INC
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2,297,104.02
Principal Transactions Record: 2
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	673,634.24
Principal Transactions Record: 3
i. Full name of dealer	BNP PARIBAS SECURITIES CORP.
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	N/A
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3,139,513.74
Principal Transactions Record: 4
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	131,790.56

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

6,242,042.56

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	39,960,411
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	HSBC BANK USA NA
Line Institutions Record: 2
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 3
Name of institution	STATE STREET BANK AND TRUST COMPANY
Line Institutions Record: 4
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 5
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 6
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 7
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
Line Institutions Record: 8
Name of institution	MORGAN STANLEY BANK NA
Line Institutions Record: 9
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 10
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 11
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 12
Name of institution	UMB BANK NA
Line Institutions Record: 13
Name of institution	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Line Institutions Record: 14
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 15
Name of institution	CITIBANK NA
Line Institutions Record: 16
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 17
Name of institution	THE BANK OF NEW YORK MELLON
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 2

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 3

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 4

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 5

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 6

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 7

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 8

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 9

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 10

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 11

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 12

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 13

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 14

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 15

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 16

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 17

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 18

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 19

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 20

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 34

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 36

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 37

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 38

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 40

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 41

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 42

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 43

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 44

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 45

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 46

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 47

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 48

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 49

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 50

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 51

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 52

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 53

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 54

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 55

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 56

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 57

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 58

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 59

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 60

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 61

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 62

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 64

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 66

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 67

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 68

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 81

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 82

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 83

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 84

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 85

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 86

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 87

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 88

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 89

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 90

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 91

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 92

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 93

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 94

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 95

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 96

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 97

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 98

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 99

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin LifeSmart Retirement Income Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 118

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 119

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 120

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 121

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 122

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 123

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 124

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 125

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 126

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 127

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 128

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 129

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 130

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 131

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 132

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 133

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 134

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 135

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 136

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 137

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 138

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 139

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 6

Item C.1. Background information.

a. Full Name of the Fund	Franklin Founding Funds Allocation Fund
b. Series identication number, if any	S000007241
c. LEI	549300R05BQMM0PJVZ25
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class A
ii. Class identification number, if any	C000019849
iii. Ticker symbol, if any	FFALX
Shares Outstanding Record: 2
i. Full name of Class	Class R
ii. Class identification number, if any	C000019852
iii. Ticker symbol, if any	FFARX
Shares Outstanding Record: 3
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000019853
iii. Ticker symbol, if any	FFAAX
Shares Outstanding Record: 4
i. Full name of Class	Class C
ii. Class identification number, if any	C000019851
iii. Ticker symbol, if any	FFACX
Shares Outstanding Record: 5
i. Full name of Class	Class R6
ii. Class identification number, if any	C000194376
iii. Ticker symbol, if any	FFAQX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

i. Full name
ii. SEC file number ( e.g., 801- )
iii.CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Was the investment adviser hired during the reporting period?	Yes No
1. If the investment adviser was hired during the reporting period, indicate the investment adviser's start date:

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

i. Full name
ii. LEI, if any, or provide and describe other identifying number
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	THE BANK OF NEW YORK MELLON
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES, LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	SEC File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

i. Full name of broker
ii. SEC file number
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Gross commissions paid by the Fund for the reporting period

b. Aggregate brokerage commissions paid by Fund during the reporting period:	0.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

i. Full name of dealer
ii. SEC file number
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Total value of purchases and sales (excluding maturing securities) with Fund:

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

0.00

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	4,389,885,907.00
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	THE BANK OF NOVA SCOTIA
Line Institutions Record: 2
Name of institution	MORGAN STANLEY BANK, N.A.
Line Institutions Record: 3
Name of institution	CITIBANK, N.A.
Line Institutions Record: 4
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 5
Name of institution	STATE STREET BANK AND TRUST COMPANY
Line Institutions Record: 6
Name of institution	BANK OF AMERICA, N.A.
Line Institutions Record: 7
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 8
Name of institution	HSBC BANK USA, N.A.
Line Institutions Record: 9
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 10
Name of institution	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Line Institutions Record: 11
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 12
Name of institution	JPMORGAN CHASE BANK, N.A.
Line Institutions Record: 13
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 14
Name of institution	THE TORONTO-DOMINION BANK
Line Institutions Record: 15
Name of institution	THE BANK OF NEW YORK MELLON
Line Institutions Record: 16
Name of institution	UMB BANK, N.A.
Line Institutions Record: 17
Name of institution	CREDIT SUISSE AG
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 2

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 3

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 4

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 5

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 6

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 7

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 8

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 9

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 10

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 11

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 12

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 13

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 14

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 15

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 16

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 17

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 18

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 19

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 20

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 36

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 37

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 38

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 40

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 41

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 42

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 43

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 44

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 45

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 46

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 47

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 48

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 49

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 50

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 51

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 52

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 53

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 54

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 55

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 56

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 57

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 58

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 59

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 60

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 61

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 62

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 64

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 66

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 67

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 68

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 81

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 82

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 83

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 84

Name of fund	Foreign Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 85

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 86

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 87

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 88

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 89

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 90

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 91

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 92

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 93

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 94

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 95

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 96

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 97

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 98

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 99

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 118

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 119

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 120

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 121

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 122

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 123

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 124

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 125

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 126

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 127

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 128

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 129

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 130

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 131

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 132

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 133

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 134

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 135

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 136

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 137

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 138

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 7

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart Retirement Income Fund
b. Series identication number, if any	S000012937
c. LEI	549300Y7RTL4JFWBLW93
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000034928
iii. Ticker symbol, if any	FLRDX
Shares Outstanding Record: 2
i. Full name of Class	Class R6
ii. Class identification number, if any	C000126014
iii. Ticker symbol, if any	FLMTX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000034926
iii. Ticker symbol, if any	FRTCX
Shares Outstanding Record: 4
i. Full name of Class	Class R
ii. Class identification number, if any	C000034927
iii. Ticker symbol, if any	FBRLX
Shares Outstanding Record: 5
i. Full name of Class	Class A
ii. Class identification number, if any	C000034925
iii. Ticker symbol, if any	FTRAX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFUK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	Sec File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	5493000DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Financial Service Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	JANE STREET
ii. SEC file number	8-52275
iii. CRD number	000103782
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	4,256
Brokers Record: 2
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,482
Brokers Record: 3
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,028
b. Aggregate brokerage commissions paid by Fund during the reporting period:	8,766.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	MORGAN STANLEY & CO INC.
ii. SEC file number	8-15869
iii. CRD number	000008209
iv. LEI, if any	I7331LVCZKQKX5T7XV54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2,784,390

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

2,784,390.00

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	130,687,811
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 2
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 3
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 4
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 5
Name of institution	AUSTRALIA AND NEWZEALAND BANKING GROUP LIMITED
Line Institutions Record: 6
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 7
Name of institution	HSBC BANK US NA
Line Institutions Record: 8
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 9
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 10
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 11
Name of institution	STATE STREET BANK AND TRUST
Line Institutions Record: 12
Name of institution	CITIBANK NA
Line Institutions Record: 13
Name of institution	THE BANK OF NEWYORK MELLON
Line Institutions Record: 14
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
Line Institutions Record: 15
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 16
Name of institution	MORGAN STANLEY BANK NA
Line Institutions Record: 17
Name of institution	UMB BANK NA
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 2

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 3

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 4

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 5

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 6

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 7

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 8

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 9

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 10

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 11

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 12

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 13

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 14

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 15

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 16

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 17

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 18

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 19

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 20

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 33

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 36

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 37

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 38

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 40

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 41

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 42

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 43

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 44

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 45

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 46

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 47

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 48

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 49

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 50

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 51

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 52

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 53

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 54

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 55

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 56

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 57

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 58

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 59

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 60

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 61

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 62

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 64

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 66

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 67

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 68

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 70

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 81

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 82

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 83

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 84

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 85

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 86

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 87

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 88

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 89

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 90

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 91

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 92

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 93

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 94

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 95

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 96

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 97

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 98

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 99

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 118

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 119

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 120

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 121

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 122

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 123

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 124

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 125

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 126

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 127

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 128

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 129

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 130

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 131

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 132

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 133

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 134

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 135

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 136

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 137

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 138

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 139

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 8

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart 2045 Retirement Target Fund
b. Series identication number, if any	S000012940
c. LEI	549300CLLTKGI11DYB24
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class R
ii. Class identification number, if any	C000034939
iii. Ticker symbol, if any	FLRJX
Shares Outstanding Record: 2
i. Full name of Class	Class C
ii. Class identification number, if any	C000034938
iii. Ticker symbol, if any	FLRIX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000034937
iii. Ticker symbol, if any	FTTAX
Shares Outstanding Record: 4
i. Full name of Class	Class R6
ii. Class identification number, if any	C000126017
iii. Ticker symbol, if any	FMLTX
Shares Outstanding Record: 5
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000034940
iii. Ticker symbol, if any	FLRLX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	SEC File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	KNIGHT EQUITY MARKETS L P
ii. SEC file number	8-48311
iii. CRD number	000038599
iv. LEI, if any	549300RA02N3BNSWBV74
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	5
Brokers Record: 2
i. Full name of broker	CITADEL SECURITIES INSTITUTIONAL LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	61
Brokers Record: 3
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA) INC
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,484
Brokers Record: 4
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	34
Brokers Record: 5
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	153
Brokers Record: 6
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	195
Brokers Record: 7
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	8-44325
iii. CRD number	000035865
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	5,045
Brokers Record: 8
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,237
Brokers Record: 9
i. Full name of broker	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	10
Brokers Record: 10
i. Full name of broker	JANE STREET
ii. SEC file number	8-69254
iii. CRD number	000167280
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	8,065
b. Aggregate brokerage commissions paid by Fund during the reporting period:	17,289.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	HSBC SECURITIES (USA) INC.
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3,226,429.29
Principal Transactions Record: 2
i. Full name of dealer	BANQUE NATIONALE DE PARIS
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	R0MUWSFPU8MPRO8K5P83
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4,683,407.41
Principal Transactions Record: 3
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	52,160.37
Principal Transactions Record: 4
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,036,185.07

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

8,998,182.14

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	81,814,063
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	UMB BANK NA
Line Institutions Record: 2
Name of institution	THE BANK OF NEWYORK MELLON
Line Institutions Record: 3
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 4
Name of institution	MORGAN STANLEY BANK NA
Line Institutions Record: 5
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 6
Name of institution	AUSTRALIA AND NEWZEALAND BANKING GROUP LIMITED
Line Institutions Record: 7
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
Line Institutions Record: 8
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 9
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 10
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 11
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 12
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 13
Name of institution	STATE STREET BANK AND TRUST
Line Institutions Record: 14
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 15
Name of institution	HSBC BANK US NA
Line Institutions Record: 16
Name of institution	CITIBANK NA
Line Institutions Record: 17
Name of institution	CREDIT SUISSE AG
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 2

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 3

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 4

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 5

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 6

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 7

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 8

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 9

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 10

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 11

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 12

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 13

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 14

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 15

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 16

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 17

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 18

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 19

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 20

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 34

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 36

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 37

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 38

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 40

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 41

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 42

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 43

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 44

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 45

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 46

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 47

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 48

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 49

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 50

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 51

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 52

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 53

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 54

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 55

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 56

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 57

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 58

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 59

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 60

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 61

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 62

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 63

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 64

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 66

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 67

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 68

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 81

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 82

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 83

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 84

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 85

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 86

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 87

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 88

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 89

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 90

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 91

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 92

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 93

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 94

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 95

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 96

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 97

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 98

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 99

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 118

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 119

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 120

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 121

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 122

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 123

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 124

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 125

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 126

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 127

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 128

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 129

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 130

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 131

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 132

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 133

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 134

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 135

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 136

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 137

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 138

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 139

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 9

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart 2025 Retirement Target Fund
b. Series identication number, if any	S000012938
c. LEI	5493008D40YZ7G26GX52
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000034932
iii. Ticker symbol, if any	FLRFX
Shares Outstanding Record: 2
i. Full name of Class	Class R6
ii. Class identification number, if any	C000126015
iii. Ticker symbol, if any	FTLMX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000034929
iii. Ticker symbol, if any	FTRTX
Shares Outstanding Record: 4
i. Full name of Class	Class C
ii. Class identification number, if any	C000034930
iii. Ticker symbol, if any	FTTCX
Shares Outstanding Record: 5
i. Full name of Class	Class R
ii. Class identification number, if any	C000034931
iii. Ticker symbol, if any	FRELX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFUK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	Sec File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	5493000DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Service Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	JANE STREET
ii. SEC file number	8-52275
iii. CRD number	000103782
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	11,167
Brokers Record: 2
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA), INC.
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3,407
Brokers Record: 3
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	112
Brokers Record: 4
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	N/A
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	6,860
Brokers Record: 5
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	247
Brokers Record: 6
i. Full name of broker	KNIGHT EQUITY MARKETS L P
ii. SEC file number	8-48311
iii. CRD number	000038599
iv. LEI, if any	549300RA02N3BNSWBV74
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	23
Brokers Record: 7
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,939
Brokers Record: 8
i. Full name of broker	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	8
Brokers Record: 9
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	515
Brokers Record: 10
i. Full name of broker	CITADEL SECURITIES INSTITUTIONAL LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	194
b. Aggregate brokerage commissions paid by Fund during the reporting period:	25,473.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	BNP PARIBAS SECURITIES CORP.
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	N/A
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	9,998,839.21
Principal Transactions Record: 2
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	84,999.10
Principal Transactions Record: 3
i. Full name of dealer	HSBC SECURITIES (USA) INC.
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	7,267,005.78
Principal Transactions Record: 4
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2,089,871.47

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

19,440,715.56

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	130,687,811
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 2
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 3
Name of institution	STATE STREET BANK AND TRUST
Line Institutions Record: 4
Name of institution	THE BANK OF NEWYORK MELLON
Line Institutions Record: 5
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 6
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 7
Name of institution	UMB BANK NA
Line Institutions Record: 8
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 9
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 10
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 11
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 12
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 13
Name of institution	MORGAN STANLEY BANK NA
Line Institutions Record: 14
Name of institution	HSBC BANK US NA
Line Institutions Record: 15
Name of institution	AUSTRALIA AND NEWZEALAND BANKING GROUP LIMITED
Line Institutions Record: 16
Name of institution	CITIBANK NA
Line Institutions Record: 17
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 2

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 3

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 4

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 5

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 6

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 7

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 8

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 9

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 10

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 11

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 12

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 13

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 14

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 15

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 16

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 17

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 18

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 19

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 20

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 36

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 37

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 38

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 40

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 41

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 42

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 43

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 44

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 45

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 46

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 47

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 48

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 49

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 50

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 51

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 52

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 53

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 54

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 55

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 56

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 57

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 58

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 59

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 60

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 61

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 62

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 63

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 64

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 66

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 67

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 68

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 81

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 82

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 83

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 84

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 85

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 86

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 87

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 88

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 89

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 90

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 91

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 92

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 93

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 94

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 95

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 96

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 97

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 98

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 99

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 118

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 119

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 120

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 121

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 122

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 123

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 124

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 125

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 126

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 127

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 128

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 129

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 130

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 131

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 132

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 133

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 134

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 135

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 136

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 137

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 138

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 139

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 10

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart 2035 Retirement Target Fund
b. Series identication number, if any	S000012939
c. LEI	549300I6H6EMUM44S480
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000034935
iii. Ticker symbol, if any	FLRHX
Shares Outstanding Record: 2
i. Full name of Class	Class A
ii. Class identification number, if any	C000034936
iii. Ticker symbol, if any	FRTAX
Shares Outstanding Record: 3
i. Full name of Class	Class R
ii. Class identification number, if any	C000034934
iii. Ticker symbol, if any	FLRGX
Shares Outstanding Record: 4
i. Full name of Class	Class R6
ii. Class identification number, if any	C000126016
iii. Ticker symbol, if any	FMTLX
Shares Outstanding Record: 5
i. Full name of Class	Class C
ii. Class identification number, if any	C000034933
iii. Ticker symbol, if any	FTRCX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFUK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	Sec File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	5493000DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Financial Service Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	79
Brokers Record: 2
i. Full name of broker	KNIGHT EQUITY MARKETS L P
ii. SEC file number	8-48311
iii. CRD number	000038599
iv. LEI, if any	549300RA02N3BNSWBV74
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	20
Brokers Record: 3
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA), INC.
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3,477
Brokers Record: 4
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	N/A
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	7,056
Brokers Record: 5
i. Full name of broker	CITADEL SECURITIES INSTITUTIONAL LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	201
Brokers Record: 6
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,187
Brokers Record: 7
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	281
Brokers Record: 8
i. Full name of broker	JANE STREET
ii. SEC file number	8-52275
iii. CRD number	000103782
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	10,994
Brokers Record: 9
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	218
b. Aggregate brokerage commissions paid by Fund during the reporting period:	24,513.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	HSBC SECURITIES (USA) INC
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	4,641,434.64
Principal Transactions Record: 2
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,436,865.37
Principal Transactions Record: 3
i. Full name of dealer	BNP PARIBAS SECURITIES CORP
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	N/A
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	6,674,647.29
Principal Transactions Record: 4
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	71,805.33

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

12,824,752.63

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	116,546,950
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 2
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 3
Name of institution	STATE STREET BANK AND TRUST
Line Institutions Record: 4
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
Line Institutions Record: 5
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 6
Name of institution	UMB BANK NA
Line Institutions Record: 7
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 8
Name of institution	CITIBANK NA
Line Institutions Record: 9
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 10
Name of institution	HSBC BANK US NA
Line Institutions Record: 11
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 12
Name of institution	THE BANK OF NEWYORK MELLON
Line Institutions Record: 13
Name of institution	AUSTRALIA AND NEWZEALAND BANKING GROUP LIMITED
Line Institutions Record: 14
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 15
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 16
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 17
Name of institution	MORGAN STANLEY BANK NA
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 2

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 3

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 4

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 5

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 6

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 7

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 8

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 9

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 10

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 11

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 12

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 13

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 14

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 15

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 16

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 17

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 18

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 19

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 20

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 22

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 23

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 24

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 25

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 26

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 27

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 28

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 29

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 30

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 31

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 32

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 34

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 35

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 36

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 37

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 38

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 39

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 40

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 41

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 42

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 43

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 44

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 45

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 46

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 47

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 48

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 49

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 50

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 51

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 52

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 53

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 54

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 55

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 56

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 57

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 58

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 59

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 60

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 61

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 62

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 63

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 64

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 65

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 66

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 67

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 68

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 70

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 71

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 72

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 73

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 74

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 75

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 76

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 77

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 78

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 79

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 80

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 81

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 82

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 83

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 84

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 85

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 86

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 87

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 88

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 89

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 90

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 91

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 92

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 93

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 94

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 95

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 96

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 97

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 98

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 99

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 100

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 101

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 102

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 103

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 104

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 105

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 109

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 110

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 111

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 112

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 113

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 114

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 115

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 116

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 118

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 119

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 120

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 121

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 122

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 123

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 124

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 125

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 126

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 127

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 128

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 129

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 130

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 131

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 132

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 133

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 134

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 135

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 136

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 137

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 138

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 139

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 11

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart 2055 Retirement Target Fund
b. Series identication number, if any	S000049109
c. LEI	549300ROOW6K1C9DJW95
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000154871
iii. Ticker symbol, if any	FLTKX
Shares Outstanding Record: 2
i. Full name of Class	Class R6
ii. Class identification number, if any	C000154870
iii. Ticker symbol, if any	FLSZX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000154868
iii. Ticker symbol, if any	FLTNX
Shares Outstanding Record: 4
i. Full name of Class	Class A
ii. Class identification number, if any	C000154867
iii. Ticker symbol, if any	FLTFX
Shares Outstanding Record: 5
i. Full name of Class	Class R
ii. Class identification number, if any	C000154869
iii. Ticker symbol, if any	FLSBX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	THE BANK OF NEW YORK MELLON
ii. LEI, if any	HPFHU0OQ28E4N0NFUK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	Sec File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	5493000DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Financial Service Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	19
Brokers Record: 2
i. Full name of broker	CITADEL SECURITIES INSTITUTIONAL LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	30
Brokers Record: 3
i. Full name of broker	JANE STREET
ii. SEC file number	8-69254
iii. CRD number	000167280
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,457
Brokers Record: 4
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	8-44325
iii. CRD number	000035865
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,076
Brokers Record: 5
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA), INC.
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	501
Brokers Record: 6
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	380
Brokers Record: 7
i. Full name of broker	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2
Brokers Record: 8
i. Full name of broker	KNIGHT EQUITY MARKETS L P
ii. SEC file number	8-48311
iii. CRD number	000038599
iv. LEI, if any	549300RA02N3BNSWBV74
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2
Brokers Record: 9
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	23
b. Aggregate brokerage commissions paid by Fund during the reporting period:	3,490.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

i. Full name of dealer
ii. SEC file number
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Total value of purchases and sales (excluding maturing securities) with Fund:

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

0.00

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	11,801,140
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 2
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 3
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 4
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 5
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 6
Name of institution	STATE STREET BANK AND TRUST
Line Institutions Record: 7
Name of institution	UMB BANK NA
Line Institutions Record: 8
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 9
Name of institution	THE BANK OF NEWYORK MELLON
Line Institutions Record: 10
Name of institution	AUSTRALIA AND NEWZEALAND BANKING GROUP LIMITED
Line Institutions Record: 11
Name of institution	HSBC BANK US NA
Line Institutions Record: 12
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 13
Name of institution	MORGAN STANLEY BANK NA
Line Institutions Record: 14
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 15
Name of institution	CITIBANK NA
Line Institutions Record: 16
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 17
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 2

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 3

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 4

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 5

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 6

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 7

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 8

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 9

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 10

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 11

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 12

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 13

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 14

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 15

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 16

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 17

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 18

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 19

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 20

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 31

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 32

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 36

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 37

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 38

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 40

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 41

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 42

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 43

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 44

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 45

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 46

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 47

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 48

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 49

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 50

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 51

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 52

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 53

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 54

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 55

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 56

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 57

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 58

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 59

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 60

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 61

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 62

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 64

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 66

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 67

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 68

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 69

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 79

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 80

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 81

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 82

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 83

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 84

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 85

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 86

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 87

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 88

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 89

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 90

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 91

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 92

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 93

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 94

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 95

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 96

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 97

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 98

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 99

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 116

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 117

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 118

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 119

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 120

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 121

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 122

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 123

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 124

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 125

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 126

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 127

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 128

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 129

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 130

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 131

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 132

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 133

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 134

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 135

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 136

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 137

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 138

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 139

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 12

Item C.1. Background information.

a. Full Name of the Fund	Franklin Conservative Allocation Fund
b. Series identication number, if any	S000007239
c. LEI	549300ZTESQD8YCQQX12
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class R6
ii. Class identification number, if any	C000126011
iii. Ticker symbol, if any	N/A
Shares Outstanding Record: 2
i. Full name of Class	Class R
ii. Class identification number, if any	C000019843
iii. Ticker symbol, if any	FTCRX
Shares Outstanding Record: 3
i. Full name of Class	Class A
ii. Class identification number, if any	C000019841
iii. Ticker symbol, if any	FTCIX
Shares Outstanding Record: 4
i. Full name of Class	Class C
ii. Class identification number, if any	C000019842
iii. Ticker symbol, if any	FTCCX
Shares Outstanding Record: 5
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000019840
iii. Ticker symbol, if any	FTCZX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Hongkong and Shanghai Banking Corporation
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	THAILAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	The Bank of New York Mellon
ii. LEI, if any	RR3QWICWWIPCS8A4S074
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 3
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 4
i. Full name	Euroclear Bank
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	BELGIUM
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 5
i. Full name	The Bank of New York Mellon
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	IRELAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 6
i. Full name	Skandinaviska Enskilda Banken
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	SWEDEN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 7
i. Full name	Citibanamex
ii. LEI, if any	2SFFM4FUIE05S37WFU55
iii. State, if applicable
iv. Foreign country, if applicable	MEXICO
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 8
i. Full name	Skandinaviska Enskilda Banken
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	FINLAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 9
i. Full name	Hong Kong and Shanghai Banking Corporation
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	HONG KONG
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 10
i. Full name	Skandinaviska Enskilda Banken AB
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	DENMARK
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 11
i. Full name	BNP Paribas Securities Services
ii. LEI, if any	549300WCGB70D06XZS54
iii. State, if applicable
iv. Foreign country, if applicable	FRANCE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 12
i. Full name	The Bank of NY Mellon SA/NV Asset Servicing
ii. LEI, if any	MMYX0N4ZEZ13Z4XCG897
iii. State, if applicable
iv. Foreign country, if applicable	GERMANY
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 13
i. Full name	Banco Bilbao Vizcaya Argentaria
ii. LEI, if any	K8MS7FD7N5Z2WQ51AZ71
iii. State, if applicable
iv. Foreign country, if applicable	SPAIN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 14
i. Full name	UniCredit Bank Austria AG
ii. LEI, if any	D1HEB8VEU6D9M8ZUXG17
iii. State, if applicable
iv. Foreign country, if applicable	AUSTRIA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 15
i. Full name	Standard Bank of South Africa
ii. LEI, if any	RILFO74KP1CM8P6PCT96
iii. State, if applicable
iv. Foreign country, if applicable	SOUTH AFRICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 16
i. Full name	The HongKong and Shanghai Banking Corporation Limited
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	AUSTRALIA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 17
i. Full name	Credit Suisse AG
ii. LEI, if any	549300CWR0W0BCS9Q144
iii. State, if applicable
iv. Foreign country, if applicable	SWITZERLAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 18
i. Full name	Citibank Europe Plc
ii. LEI, if any	N1FBEDJ5J41VKZLO2475
iii. State, if applicable
iv. Foreign country, if applicable	BELGIUM
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 19
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 20
i. Full name	BNP Paribas Securities Services
ii. LEI, if any	549300WCGB70D06XZS54
iii. State, if applicable
iv. Foreign country, if applicable	GREECE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 21
i. Full name	The Hong Kong and Shanghai Banking Corporation Limited
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	NEW ZEALAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 22
i. Full name	The Bank of Tokyo-Mitsubishi UFJ Ltd.
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	JAPAN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 23
i. Full name	CIBC Mellon Trust Company
ii. LEI, if any	549300IYUUH221WBZ505
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 24
i. Full name	Deutsche Bank AG
ii. LEI, if any	529900LKVNEX4SG4UD38
iii. State, if applicable
iv. Foreign country, if applicable	PHILIPPINES
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 25
i. Full name	The Bank of New York Mellon SA/NV
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	ITALY
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 26
i. Full name	The Bank of New York Mellon SA/NV
ii. LEI, if any	529900SEOICVR2VM6Y05
iii. State, if applicable
iv. Foreign country, if applicable	NETHERLANDS
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 27
i. Full name	Citibank Argentina
ii. LEI, if any	E57ODZWZ7FF32TWEFA76
iii. State, if applicable
iv. Foreign country, if applicable	ARGENTINA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 28
i. Full name	DBS Bank Ltd.
ii. LEI, if any	ATUEL7OJR5057F2PV266
iii. State, if applicable
iv. Foreign country, if applicable	SINGAPORE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	SEC File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 2
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 3
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	24,251.00
Brokers Record: 2
i. Full name of broker	CITADEL SEC INST LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,291.00
Brokers Record: 3
i. Full name of broker	JANE STREET
ii. SEC file number	8-52275
iii. CRD number	000103782
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	55,850.00
Brokers Record: 4
i. Full name of broker	LIQUID NET
ii. SEC file number	8-52461
iii. CRD number	000103987
iv. LEI, if any	213800ZIRB79BE5XQM68
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	125.00
Brokers Record: 5
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	728.00
Brokers Record: 6
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	9,127.00
Brokers Record: 7
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	475.00
Brokers Record: 8
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,354.00
Brokers Record: 9
i. Full name of broker	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	70.00
Brokers Record: 10
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA) INC
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	6,200.00
b. Aggregate brokerage commissions paid by Fund during the reporting period:	100,471.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	2,628,889.25
Principal Transactions Record: 2
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	35,611,170.81
Principal Transactions Record: 3
i. Full name of dealer	HSBC SECURITIES (USA) INC.
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	150,506,389.66
Principal Transactions Record: 4
i. Full name of dealer	BANQUE NATIONALE DE PARIS
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	R0MUWSFPU8MPRO8K5P83
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	153,094,002.30

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

341,840,452.02

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	1,313,842,960
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 2
Name of institution	CITIBANK NA
Line Institutions Record: 3
Name of institution	THE TORONTO-DOMINION BANK
Line Institutions Record: 4
Name of institution	BANK OF AMERICA, N.A.
Line Institutions Record: 5
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 6
Name of institution	THE BANK OF NEW YORK MELLON
Line Institutions Record: 7
Name of institution	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Line Institutions Record: 8
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
Line Institutions Record: 9
Name of institution	HSBC BANK US, N.A.
Line Institutions Record: 10
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 11
Name of institution	THE BANK OF NOVA SCOTIA
Line Institutions Record: 12
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 13
Name of institution	STATE STREET BANK AND TRUST COMPANY
Line Institutions Record: 14
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 15
Name of institution	MORGAN STANLEY BANK, N.A.
Line Institutions Record: 16
Name of institution	UMB BANK, N.A.
Line Institutions Record: 17
Name of institution	JPMORGAN CHASE BANK, N.A.
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 2

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 3

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 4

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 5

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 6

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 7

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 8

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 9

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 10

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 11

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 12

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 13

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 14

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 15

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 16

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 17

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 18

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 19

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 20

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 21

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 23

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 24

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 25

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 26

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 27

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 28

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 29

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 30

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 31

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 32

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 35

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 36

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 37

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 38

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 39

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 40

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 41

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 42

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 43

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 44

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 45

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 46

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 47

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 48

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 49

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 50

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 51

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 52

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 53

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 54

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 55

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 56

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 57

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 58

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 59

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 60

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 61

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 62

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 63

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 64

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 65

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 66

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 67

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 68

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 70

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 71

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 73

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 74

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 75

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 78

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 79

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 80

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 81

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 82

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 83

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 84

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 85

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 86

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 87

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 88

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 89

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 90

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 91

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 92

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 93

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 94

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 95

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 96

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 97

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 98

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 99

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 100

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 102

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 103

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 104

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 105

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 106

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 107

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 108

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 109

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 110

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 111

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 112

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 113

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 114

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 115

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 116

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 117

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 118

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 119

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 120

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 121

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 122

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 123

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 124

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 125

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 126

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 127

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 128

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 129

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 130

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 131

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 132

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 133

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 134

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 135

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 136

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 137

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 138

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 139

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 13

Item C.1. Background information.

a. Full Name of the Fund	Franklin Moderate Allocation Fund
b. Series identication number, if any	S000007243
c. LEI	549300N3RVYB1HJAT682
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000019860
iii. Ticker symbol, if any	FMTZX
Shares Outstanding Record: 2
i. Full name of Class	Class R
ii. Class identification number, if any	C000019863
iii. Ticker symbol, if any	FTMRX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000019862
iii. Ticker symbol, if any	FTMTX
Shares Outstanding Record: 4
i. Full name of Class	Class A
ii. Class identification number, if any	C000019861
iii. Ticker symbol, if any	FMTIX
Shares Outstanding Record: 5
i. Full name of Class	Class R6
ii. Class identification number, if any	C000126013
iii. Ticker symbol, if any	N/A

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	Skandinaviska Enskilda Banken AB
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	DENMARK
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	Citibank Argentina
ii. LEI, if any	E57ODZWZ7FF32TWEFA76
iii. State, if applicable
iv. Foreign country, if applicable	ARGENTINA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 3
i. Full name	Banco Bilbao Vizcaya Argentaria
ii. LEI, if any	K8MS7FD7N5Z2WQ51AZ71
iii. State, if applicable
iv. Foreign country, if applicable	SPAIN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 4
i. Full name	The Hong Kong and Shanghai Banking Corporation Limited
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	NEW ZEALAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 5
i. Full name	Citibanamex
ii. LEI, if any	2SFFM4FUIE05S37WFU55
iii. State, if applicable
iv. Foreign country, if applicable	MEXICO
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 6
i. Full name	Citibank Europe Plc
ii. LEI, if any	N1FBEDJ5J41VKZLO2475
iii. State, if applicable
iv. Foreign country, if applicable	BELGIUM
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 7
i. Full name	Hong Kong and Shanghai Banking Corporation
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	HONG KONG
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 8
i. Full name	UniCredit Bank Austria AG
ii. LEI, if any	D1HEB8VEU6D9M8ZUXG17
iii. State, if applicable
iv. Foreign country, if applicable	AUSTRIA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 9
i. Full name	Skandinaviska Enskilda Banken
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	FINLAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 10
i. Full name	Hongkong and Shanghai Banking Corporation
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	THAILAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 11
i. Full name	The Bank of New York Mellon
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	IRELAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 12
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 13
i. Full name	The Bank of New York Mellon SA/NV
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	ITALY
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 14
i. Full name	BNP Paribas Securities Services
ii. LEI, if any	549300WCGB70D06XZS54
iii. State, if applicable
iv. Foreign country, if applicable	GREECE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 15
i. Full name	The Standard Bank of South Africa Limited
ii. LEI, if any	RILFO74KP1CM8P6PCT96
iii. State, if applicable
iv. Foreign country, if applicable	SOUTH AFRICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 16
i. Full name	DBS Bank Ltd.
ii. LEI, if any	ATUEL7OJR5057F2PV266
iii. State, if applicable
iv. Foreign country, if applicable	SINGAPORE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 17
i. Full name	The Bank of New York Mellon
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 18
i. Full name	Skandinaviska Enskilda Banken
ii. LEI, if any	F3JS33DEI6XQ4ZBPTN86
iii. State, if applicable
iv. Foreign country, if applicable	SWEDEN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 19
i. Full name	Deutsche Bank AG
ii. LEI, if any	529900LKVNEX4SG4UD38
iii. State, if applicable
iv. Foreign country, if applicable	PHILIPPINES
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 20
i. Full name	The Bank of Tokyo-Mitsubishi UFJ Ltd.
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	JAPAN
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 21
i. Full name	The Bank of New York Mellon
ii. LEI, if any	RR3QWICWWIPCS8A4S074
iii. State, if applicable
iv. Foreign country, if applicable	UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 22
i. Full name	Euroclear Bank
ii. LEI, if any	N/A
iii. State, if applicable
iv. Foreign country, if applicable	BELGIUM
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 23
i. Full name	CIBC Mellon Trust Company
ii. LEI, if any	549300IYUUH221WBZ505
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 24
i. Full name	BNP Paribas Securities Services
ii. LEI, if any	549300WCGB70D06XZS54
iii. State, if applicable
iv. Foreign country, if applicable	FRANCE
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 25
i. Full name	The HongKong and Shanghai Banking Corporation Limited
ii. LEI, if any	2HI3YI5320L3RW6NJ957
iii. State, if applicable
iv. Foreign country, if applicable	AUSTRALIA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 26
i. Full name	The Bank of NY Mellon SA/NV Asset Servicing
ii. LEI, if any	MMYX0N4ZEZ13Z4XCG897
iii. State, if applicable
iv. Foreign country, if applicable	GERMANY
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	Sec File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0.00

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	190.00
Brokers Record: 2
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,208.00
Brokers Record: 3
i. Full name of broker	CITADEL SEC INST LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3,624.00
Brokers Record: 4
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	13,983.00
Brokers Record: 5
i. Full name of broker	JANE STREET
ii. SEC file number	8-52275
iii. CRD number	000103782
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	114,593.00
Brokers Record: 6
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	49,731.00
Brokers Record: 7
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	653.00
Brokers Record: 8
i. Full name of broker	LIQUID NET
ii. SEC file number	8-52461
iii. CRD number	000103987
iv. LEI, if any	213800ZIRB79BE5XQM68
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	175.00
Brokers Record: 9
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA) INC
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	10,055.00
Brokers Record: 10
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,936.00
b. Aggregate brokerage commissions paid by Fund during the reporting period:	197,160.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	HSBC SECURITIES (USA) INC.
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	246,590,066.88
Principal Transactions Record: 2
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	3,838,048.36
Principal Transactions Record: 3
i. Full name of dealer	BANQUE NATIONALE DE PARIS
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	R0MUWSFPU8MPRO8K5P83
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	255,469,765.90
Principal Transactions Record: 4
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	58,240,174.97

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

564,138,056.11

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	2,067,934,117
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	THE BANK OF NOVA SCOTIA
Line Institutions Record: 2
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 3
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 4
Name of institution	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
Line Institutions Record: 5
Name of institution	JPMORGAN CHASE BANK, N.A.
Line Institutions Record: 6
Name of institution	BANK OF AMERICA, N.A.
Line Institutions Record: 7
Name of institution	THE BANK OF NEW YORK MELLON
Line Institutions Record: 8
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 9
Name of institution	CITIBANK, N.A.
Line Institutions Record: 10
Name of institution	HSBC BANK US, N.A.
Line Institutions Record: 11
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 12
Name of institution	MORGAN STANLEY BANK, N.A.
Line Institutions Record: 13
Name of institution	STATE STREET BANK AND TRUST COMPANY
Line Institutions Record: 14
Name of institution	THE TORONTO-DOMINION BANK
Line Institutions Record: 15
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 16
Name of institution	UMB BANK, N.A.
Line Institutions Record: 17
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 2

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 3

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 4

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 5

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 6

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 7

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 8

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 9

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 10

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 11

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 12

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 13

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 14

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 15

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 16

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 17

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 18

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 19

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 20

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 21

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 22

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 23

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 24

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 26

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 27

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 29

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 31

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 32

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 33

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 35

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 36

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 37

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 38

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 39

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 40

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 41

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 42

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 43

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 44

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 45

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 46

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 47

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 48

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 49

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 50

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 51

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 52

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 53

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 54

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 55

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 56

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 57

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 58

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 59

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 60

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 61

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 62

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 64

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 66

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 67

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 68

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 69

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 70

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 71

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 72

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 73

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 76

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 77

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 78

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 79

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 80

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 81

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 82

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 83

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 84

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 85

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 86

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 87

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 88

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 89

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 90

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 91

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 92

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 93

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 94

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 95

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 96

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 97

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 98

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 99

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 100

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 101

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 102

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 103

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 104

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 105

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 106

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 107

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 108

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 109

Name of fund	Franklin LifeSmart 2050 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 110

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 111

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 112

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 113

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 114

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 115

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 116

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 117

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 118

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 119

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 120

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 121

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 122

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 123

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 124

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 125

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 126

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 127

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 128

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 129

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 130

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 131

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 132

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 133

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 134

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 135

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 136

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 137

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 138

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 139

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No

Management Investment Record: 14

Item C.1. Background information.

a. Full Name of the Fund	Franklin LifeSmart 2050 Retirement Target Fund
b. Series identication number, if any	S000041340
c. LEI	54930064WJFTYF0DEP50
d. Is this the first filing on this form by the Fund?	Yes No

Item C.2. Classes of open-end management investment companies.

a. How many Classes of shares of the Fund (if any) are authorized?	5
b. How many new Classes of shares of the Fund were added during the reporting period?	0
c. How many Classes of shares of the Fund were terminated during the reporting period?	0
d. For each Class with shares outstanding, provide the information requested below:
Shares Outstanding Record: 1
i. Full name of Class	Class R6
ii. Class identification number, if any	C000128230
iii. Ticker symbol, if any	FRLEX
Shares Outstanding Record: 2
i. Full name of Class	Advisor Class
ii. Class identification number, if any	C000128231
iii. Ticker symbol, if any	FLSOX
Shares Outstanding Record: 3
i. Full name of Class	Class C
ii. Class identification number, if any	C000128228
iii. Ticker symbol, if any	FLSKX
Shares Outstanding Record: 4
i. Full name of Class	Class R
ii. Class identification number, if any	C000128229
iii. Ticker symbol, if any	FLSNX
Shares Outstanding Record: 5
i. Full name of Class	Class A
ii. Class identification number, if any	C000128227
iii. Ticker symbol, if any	FLSJX

Item C.3. Type of fund.

Instructions. 1. "Fund of Funds" means a fund that acquires securities issued by any other investment company in excess of the amounts permitted under paragraph (A) of section 12(d)(1) of the Act (15 U.S.C. 80a-12(d)(1)(A)), but, for purposes of this Item, does not include a fund that acquires securities issued by another company solely in reliance on rule 12d1-1 under the Act (CFR 270.12d1-1). 2. "Index Fund" means an investment company, including an Exchange-Traded Fund, that seeks to track the performance of a specified index. 3. "Interval Fund" means a closed-end management investment company that makes periodic repurchases of its shares pursuant to rule 23c-3 under the Act (17 CFR 270.23c-3). 4. "Master-Feeder Fund" means a two-tiered arrangement in which one or more funds (each a feeder fund) holds shares of a single Fund (the master fund) in accordance with section 12(d)(1)(E) of the Act (15 U.S.C. 80a-12(d)(1)(E)) or pursuant to exemptive relief granted by the Commission. 5. "Target Date Fund" means an investment company that has an investment objective or strategy of providing varying degrees of long-term appreciation and capital preservation through a mix of equity and fixed income exposures that changes over time based on an investor's age, target retirement date, or life expectancy.

Indicate if the Fund is any one of the types listed below. Check all that apply.

a. Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund        i.     Exchange-Traded Fund        ii.    Exchange-Traded Managed Fund   b.   Index Fund   c.    Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark   d.    Interval Fund   e.    Fund of Funds   f.     Master-Feeder Fund   g.    Money Market Fund   h.    Target Date Fund   i.     Underlying fund to a variable annuity or variable life insurance contract          N/A

Item C.4. Diversification.

Does the Fund seek to operate as a “non-diversified company” as such term is defined in section 5(b)(2) of the Act (15 U.S.C. 80a- 5(b) (2))?

Yes No

Item C.5. Investments in certain foreign corporations.

Instruction. "Controlled foreign corporation" has the meaning provided in section 957 of the Internal Revenue Code [26 U.S.C. 957].

a. Does the fund invest in a controlled foreign corporation for the purpose of investing in certain types of instruments such as, but not limited to, commodities?

Yes No

Item C.6. Securities lending.

Instruction. For purposes of this Item, other adverse impacts would include, for example, (1) a loss to the Fund if collateral and indemnification were not sufficient to replace the loaned securities or their value, (2) the Fund's ineligibility to vote shares in a proxy, or (3) the Fund's ineligibility to receive a direct distribution from the issuer.

a. Is the Fund authorized to engage in securities lending transactions?	Yes No
b. Did the Fund lend any of its securities during the reporting period?	Yes No

c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:

i. Full name of securities lending agent
ii. LEI, if any
iii. Is the securities lending agent an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No
iv. Does the securities lending agent or any other entity indemnify the fund against borrower default on loans administered by this agent?	Yes No

v. If the entity providing the indemnification is not the securities lending agent, provide the following information:

1. Name of person providing indemnification
2. LEI, if any, of person providing indemnification

vi. Did the Fund exercise its indemnification rights during the reporting period?

Yes No

d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:

i. Full name of cash collateral manager:
ii. LEI, if any:
iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund?	Yes No
iv. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of the Fund?	Yes No

e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):	i. Revenue sharing split   ii. Non-revenue sharing split (other than administrative fee)    iii. Administrative fee   iv. Cash collateral reinvestment fee   v. Indemnification fee   vi. Other     N/A
f. Provide the monthly average of the value of portfolio securities on loan during the reporting period	N/A
g. Provide the net income from securities lending activities	N/A

Item C.7. Reliance on certain rules.

Did the Fund rely on any of the following rules under the Act during the reporting period? (check all that apply)

a. Rule 10f-3 (17 CFR 270.10f-3)    b. Rule 12d1-1 (17 CFR 270.12d1-1)   c. Rule 15a-4 (17 CFR 270.15a-4)    d. Rule 17a-6 (17 CFR 270.17a-6)    e. Rule 17a-7 (17 CFR 270.17a-7)   f. Rule 17a-8 (17 CFR 270.17a-8)   g. Rule 17e-1 (17 CFR 270.17e-1)   h. Rule 22d-1 (17 CFR 270.22d-1)   i. Rule 23c-1 (17 CFR 270.23c-1)    j. Rule 32a-4 (17 CFR 270.32a-4)   N/A

Item C.8. Expense limitations.

Instruction. Provide information concerning any direct or indirect limitations, waivers or reductions, on the level of expenses incurred by the fund during the reporting period. A limitation, for example, may be applied indirectly (such as when an adviser agrees to accept a reduced fee pursuant to a voluntary fee waiver) or it may apply only for a temporary period such as for a new fund in its start-up phase.

a. Did the Fund have an expense limitation arrangement in place during the reporting period?	Yes No
b. Were any expenses of the Fund reduced or waived pursuant to an expense limitation arrangement during the reporting period?	Yes No
c. Are the fees waived subject to recoupment?	Yes No
d. Were any expenses previously waived recouped during the period?	Yes No

Item C.9. Investment advisers.

a. Provide the following information about each investment adviser (other than a sub-adviser) of the Fund:

Investment Advisers Record: 1
i. Full name	Franklin Advisers, Inc.
ii. SEC file number ( e.g., 801- )	801-26292
iii.CRD number	000104517
iv. LEI, if any	B1CG1NRZIDDJ0DQEXB52
v. State, if applicable	CALIFORNIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Was the investment adviser hired during the reporting period?	Yes No

b. If an investment adviser (other than a sub- adviser) to the Fund was terminated during the reporting period, provide the following with respect to each investment adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

c. For each sub-adviser to the Fund, provide the information requested:

i. Full name
ii. SEC file number ( e.g., 801- ), if applicable
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Is the sub-adviser an affiliated person of the Fund's investment adviser(s)?	Yes No
viii. Was the sub-adviser hired during the reporting period?	Yes No

d. If a sub-adviser was terminated during the reporting period, provide the following with respect to such sub-adviser:

i. Full name
ii. SEC file number ( e.g., 801- )
iii. CRD number
iv. LEI, if any
v. State, if applicable
vi. Foreign country, if applicable
vii. Termination date

Item C.10. Transfer agents.

a. Provide the following information about each person providing transfer agency services to the Fund:

Transfer Agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii.SEC file number ( e.g., 84- or 85- )	84-1036
iii. LEI, if any	N/A
iv. State, if applicable	CALIFORNIA
v. Foreign country, if applicable	UNITED STATES OF AMERICA
vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vii. Is the transfer agent a sub-transfer agent?	Yes No

b. Has a transfer agent been hired or terminated during the reporting period?

Yes No

Item C.11. Pricing services.

a. Provide the following information about each person that provided pricing services to the Fund during the reporting period:

Pricing Services Record: 1
i. Full name	Bloomberg Finance L.P.
ii. LEI, if any, or provide and describe other identifying number	5493001KJTIIGC8Y1R12
Description of other identifying number
iii. State, if applicable	DELAWARE
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No
Pricing Services Record: 2
i. Full name	Thomson Reuters (Markets) LLC
ii. LEI, if any, or provide and describe other identifying number	549300561UZND4C7B569
Description of other identifying number
iii. State, if applicable
iv. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?	Yes No

b. Was a pricing service hired or terminated during the reporting period?

Yes No

Item C.12. Custodians.

a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:

Custodians Record: 1
i. Full name	THE BANK OF NEW YORK MELLON
ii. LEI, if any	HPFHU0OQ28E4N0NFVK49
iii. State, if applicable	NEW YORK
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other
Custodians Record: 2
i. Full name	FRANKLIN TEMPLETON INVESTOR SERVICES LLC
ii. LEI, if any	N/A
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the custodian a sub-custodian?	Yes No
vii. With respect to the custodian, check below to indicate the type of custody:	1.Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) 2.Member national securities exchange - rule 17f-1 (17 CFR 270.17f-1) 3.Self - rule 17f-2 (17 CFR 270.17f-2) 4.Securities depository - rule 17f-4 (17 CFR 270.17f-4) 5.Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) 6.Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6) 7.Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) 8.Insurance company sponsor - rule 26a-2 (17 CFR 270.26a-2) 9.Other

b. Has a custodian been hired or terminated during the reporting period?*

Yes No

Item C.13. Shareholder servicing agents.

a. Provide the following information about each shareholder servicing agent of the Fund:

Shareholder servicing agents Record: 1
i. Full name	Franklin Templeton Investor Services, LLC
ii. LEI, if any, or provide and describe other identifying number	84-1036
Description of other identifying number	SEC File Number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the shareholder servicing agent an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the shareholder servicing agent a sub-shareholder servicing agent?	Yes No

b. Has a shareholder servicing agent been hired or terminated during the reporting period?

Yes No

Item C.14. Administrators.

a. Provide the following information about each administrator of the Fund:

Administrators Record: 1
i. Full name	Franklin Templeton Services, LLC
ii. LEI, if any, or other identifying number	549300DFD0POOJZ42788
Description of other identifying number
iii. State, if applicable	CALIFORNIA
iv. Foreign country, if applicable	UNITED STATES OF AMERICA
v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?	Yes No
vi. Is the administrator a sub-administrator?	Yes No

b.Has a third-party administrator been hired or terminated during the reporting period?

Yes No

Item C.15. Affiliated broker-dealers.

Provide the following information about each affiliated broker-dealer:

Broker Dealers Record: 1
a. Full name	Franklin Templeton Distributors, Inc.
b. SEC file number	8-5889
c. CRD number	000000332
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 2
a. Full name	Franklin Templeton Financial Services Corp.
b. SEC file number	8-29504
c. CRD number	000013594
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0
Broker Dealers Record: 3
a. Full name	Franklin Templeton Investment Services, Inc.
b. SEC file number	8-43206
c. CRD number	000027884
d. LEI, if any	N/A
e. State, if applicable	CALIFORNIA
f. Foreign country, if applicable	UNITED STATES OF AMERICA
g. Total commissions paid to the affiliated broker-dealer for the reporting period:	0

Item C.16. Brokers.

Instructions to Item C.16 and Item C.17. To help Registrants distinguish between agency and principal transactions, and to promote consistent reporting of the information required by these items, the following criteria should be used: 1. If a security is purchased or sold in a transaction for which the confirmation specifies the amount of the commission to be paid by the Registrant, the transaction should be considered an agency transaction and included in determining the answers to Item C.16. 2. If a security is purchased or sold in a transaction for which the confirmation specifies only the net amount to be paid or received by the Registrant and such net amount is equal to the market value of the security at the time of the transaction, the transaction should be considered a principal transaction and included in determining the amounts in Item C.17. 3. If a security is purchased by the Registrant in an underwritten offering, the acquisition should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the underwriters are receiving from the issuer. 4. If a security is sold by the Registrant in a tender offer, the sale should be considered a principal transaction and included in answering Item C.17 even though the Registrant has knowledge of the amount the offeror is paying to soliciting brokers or dealers. 5. If a security is purchased directly from the issuer (such as a bank CD), the purchase should be considered a principal transaction and included in answering Item C.17. 6. The value of called or maturing securities should not be counted in either agency or principal transactions and should not be included in determining the amounts shown in Item C.16 and Item C.17. This means that the acquisition of a security may be included, but it is possible that its disposition may not be included. Disposition of a repurchase agreement at its expiration date should not be included. 7. The purchase or sales of securities in transactions not described in paragraphs (1) through (6) above should be evaluated by the Fund based upon the guidelines established in those paragraphs and classified accordingly. The agents considered in Item C.16 may be persons or companies not registered under the Exchange Act as securities brokers. The persons or companies from whom the investment company purchased or to whom it sold portfolio instruments on a principal basis may be persons or entities not registered under the Exchange Act as securities dealers.

a. For each of the ten brokers that received the largest dollar amount of brokerage commissions (excluding dealer concessions in underwritings) by virtue of direct or indirect participation in the Fund’s portfolio transactions, provide the information below:

Brokers Record: 1
i. Full name of broker	GOLDMAN SACHS & CO
ii. SEC file number	8-129
iii. CRD number	000000361
iv. LEI, if any	549300K06R9ZUC3UEN80
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	11
Brokers Record: 2
i. Full name of broker	CITADEL SECURITIES INSTITUTIONAL LLC
ii. SEC file number	8-69663
iii. CRD number	000281102
iv. LEI, if any	549300MLQ1S3715IUK04
v. State, if applicable	ILLINOIS
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	124
Brokers Record: 3
i. Full name of broker	KNIGHT EQUITY MARKETS L P
ii. SEC file number	8-48311
iii. CRD number	000038599
iv. LEI, if any	549300RA02N3BNSWBV74
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	23
Brokers Record: 4
i. Full name of broker	RBC DOMINION SECURITIES INC.
ii. SEC file number	N/A
iii. CRD number	N/A
iv. LEI, if any	549300QJJX6CVVUXLE15
v. State, if applicable
vi. Foreign country, if applicable	CANADA (FEDERAL LEVEL)
vii. Gross commissions paid by the Fund for the reporting period	55
Brokers Record: 5
i. Full name of broker	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	7
Brokers Record: 6
i. Full name of broker	CREDIT SUISSE HOLDINGS (USA) INC
ii. SEC file number	8-422
iii. CRD number	000000816
iv. LEI, if any	1V8Y6QCX6YMJ2OELII46
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	1,239
Brokers Record: 7
i. Full name of broker	JANE STREET
ii. SEC file number	8-69254
iii. CRD number	000167280
iv. LEI, if any	549300HXJLXCPDWAH070
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	3,757
Brokers Record: 8
i. Full name of broker	JP MORGAN SECURITIES LLC
ii. SEC file number	8-35008
iii. CRD number	000000079
iv. LEI, if any	ZBUT11V806EZRVTWT807
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	842
Brokers Record: 9
i. Full name of broker	CITIGROUP GLOBAL MARKETS INC
ii. SEC file number	8-8177
iii. CRD number	000007059
iv. LEI, if any	MBNUM2BPBDO7JBLYG310
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	71
Brokers Record: 10
i. Full name of broker	SUSQUEHANNA FINANCIAL GROUP, LLLP
ii. SEC file number	8-44325
iii. CRD number	000035865
iv. LEI, if any	N/A
v. State, if applicable	PENNSYLVANIA
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Gross commissions paid by the Fund for the reporting period	2,571
b. Aggregate brokerage commissions paid by Fund during the reporting period:	8,700.00

Item C.17. Principal transactions.

a. For each of the ten entities acting as principals with which the Fund did the largest dollar amount of principal transactions (include all short-term obligations, and U.S. government and tax-free securities) in both the secondary market and in underwritten offerings, provide the information below:

Principal Transactions Record: 1
i. Full name of dealer	DEUTSCHE BANK SECURITIES INC.
ii. SEC file number	8-17822
iii. CRD number	000002525
iv. LEI, if any	9J6MBOOO7BECTDTUZW19
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	395,639.14
Principal Transactions Record: 2
i. Full name of dealer	HSBC SECURITIES (USA) INC
ii. SEC file number	8-41562
iii. CRD number	000019585
iv. LEI, if any	MP6I5ZYZBEU3UXPYFY54
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,128,698.33
Principal Transactions Record: 3
i. Full name of dealer	MERRILL LYNCH PIERCE FENNER & SMITH INC.
ii. SEC file number	8-7221
iii. CRD number	000007691
iv. LEI, if any	B4TYDEB6GKMZO031MB27
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	8,776.89
Principal Transactions Record: 4
i. Full name of dealer	BANQUE NATIONALE DE PARIS
ii. SEC file number	8-32682
iii. CRD number	000015794
iv. LEI, if any	R0MUWSFPU8MPRO8K5P83
v. State, if applicable	NEW YORK
vi. Foreign country, if applicable	UNITED STATES OF AMERICA
vii. Total value of purchases and sales (excluding maturing securities) with Fund:	1,393,613.12

b. Aggregate value of principal purchase/sale transactions of Fund during the reporting period:

2,926,727.48

Item C.18. Payments for brokerage and research.

During the reporting period, did the Fund pay commissions to broker-dealers for "brokerage and research services" within the meaning of section 28(e) of the Exchange Act (15 U.S.C. 78bb)?

Yes No

Item C.19. Average net assets.

a. Provide the Fund's (other than a money market fund's) monthly average net assets during the reporting period	34,901,790
b. Provide the money market fund's daily average net assets during the reporting period

Item C.20. Lines of credit, interfund lending and interfund borrowing.

For open-end management investment companies, respond to the following:

a. Does the Fund have available a line of credit?

Yes No

If yes, for each line of credit, provide the information requested below:

Line of Credit details Record: 1
i. Is the line of credit a committed or uncommitted line of credit?	Committed Uncommitted
ii. What size is the line of credit?	2,000,000,000.00000000
iii. With which institution(s) is the line of credit?
Line Institutions Record: 1
Name of institution	UMB BANK NA
Line Institutions Record: 2
Name of institution	HSBC BANK US NA
Line Institutions Record: 3
Name of institution	DEUTSCHE BANK AG
Line Institutions Record: 4
Name of institution	STATE STREET BANK AND TRUST
Line Institutions Record: 5
Name of institution	THE BANK OF NEWYORK MELLON
Line Institutions Record: 6
Name of institution	STANDARD CHARTERED BANK
Line Institutions Record: 7
Name of institution	JPMORGAN CHASE BANK NA
Line Institutions Record: 8
Name of institution	BARCLAYS BANK PLC
Line Institutions Record: 9
Name of institution	THE BANK OF NOVA SCOTIA HOUSTAN BRANCH
Line Institutions Record: 10
Name of institution	AUSTRALIA AND NEWZEALAND BANKING GROUP LIMITED
Line Institutions Record: 11
Name of institution	MORGAN STANLEY BANK NA
Line Institutions Record: 12
Name of institution	ROYAL BANK OF CANADA
Line Institutions Record: 13
Name of institution	CREDIT SUISSE AG
Line Institutions Record: 14
Name of institution	BANK OF AMERICA NA
Line Institutions Record: 15
Name of institution	THE TORONTO DOMINION BANK
Line Institutions Record: 16
Name of institution	CITIBANK NA
Line Institutions Record: 17
Name of institution	BANCO BILBAO VIZCAYA ARGENTARIA
iv. Is the line of credit just for the Fund, or is it shared among multiple funds?	Sole Shared

1. If shared, list the names of other funds that may use the line of credit.

Shared Credit Users Record: 1

Name of fund	Templeton Emerging Markets Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 2

Name of fund	Franklin NextStep Growth Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 3

Name of fund	Franklin New York Tax Free Income Fund
SEC File number( e.g., 811- )	811-03479

Shared Credit Users Record: 4

Name of fund	Franklin Mutual Global Discovery VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 5

Name of fund	Franklin U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 6

Name of fund	Franklin Strategic Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 7

Name of fund	Franklin Small Cap Value VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 8

Name of fund	Templeton Frontier Markets Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 9

Name of fund	Franklin Arizona Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 10

Name of fund	Franklin High Income Fund
SEC File number( e.g., 811- )	811-01608

Shared Credit Users Record: 11

Name of fund	Franklin LifeSmart 2055 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 12

Name of fund	Franklin Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 13

Name of fund	Franklin Mutual European Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 14

Name of fund	International Equity Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 15

Name of fund	Franklin K2 Global Macro Opportunities Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 16

Name of fund	Franklin Large Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 17

Name of fund	Franklin Income Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 18

Name of fund	Templeton Developing Markets VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 19

Name of fund	Franklin Federal Tax Free Income Fund
SEC File number( e.g., 811- )	811-03395

Shared Credit Users Record: 20

Name of fund	Templeton Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 21

Name of fund	Franklin Balanced Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 22

Name of fund	Franklin Low Duration Total Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 23

Name of fund	Franklin Adjustable U.S. Government Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 24

Name of fund	Franklin Ohio Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 25

Name of fund	Franklin California Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 26

Name of fund	Franklin Utilities Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 27

Name of fund	Franklin Missouri Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 28

Name of fund	Franklin Flexible Alpha Bond Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 29

Name of fund	Franklin Colorado Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 30

Name of fund	Franklin Payout 2018 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 31

Name of fund	Franklin Corefolio Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 32

Name of fund	Franklin Real Return Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 33

Name of fund	Franklin North Carolina Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 34

Name of fund	Franklin Growth Opportunities Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 35

Name of fund	Franklin U.S. Government Securities VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 36

Name of fund	Franklin Moderate Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 37

Name of fund	Franklin Focused Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 38

Name of fund	Templeton Foreign VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 39

Name of fund	Templeton Global Balanced Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 40

Name of fund	Franklin MicroCap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 41

Name of fund	Templeton Global Total Return Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 42

Name of fund	Franklin NextStep Moderate Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 43

Name of fund	Franklin LifeSmart 2030 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 44

Name of fund	Franklin Virginia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 45

Name of fund	Franklin California Ultra Short Tax Free Income Fund
SEC File number( e.g., 811- )	811-04356

Shared Credit Users Record: 46

Name of fund	Franklin Kentucky Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 47

Name of fund	Franklin Mutual Shares Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 48

Name of fund	Templeton Growth Fund, Inc.
SEC File number( e.g., 811- )	811-04892

Shared Credit Users Record: 49

Name of fund	Franklin Gold and Precious Metals Fund
SEC File number( e.g., 811- )	811-01700

Shared Credit Users Record: 50

Name of fund	Franklin Founding Funds Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 51

Name of fund	Templeton World Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 52

Name of fund	Franklin Founding Funds Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 53

Name of fund	Franklin Mutual Beacon Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 54

Name of fund	Templeton Emerging Markets Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 55

Name of fund	Franklin Liberty High Yield Corporate ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 56

Name of fund	Franklin California Tax Free Income Fund
SEC File number( e.g., 811- )	811-02790

Shared Credit Users Record: 57

Name of fund	Franklin Federal Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 58

Name of fund	Franklin Florida Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 59

Name of fund	Franklin Oregon Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 60

Name of fund	Franklin Payout 2021 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 61

Name of fund	Franklin Global Listed Infrastructure Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 62

Name of fund	Franklin Mutual Shares VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 63

Name of fund	Franklin Growth Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 64

Name of fund	Franklin Flex Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 65

Name of fund	Franklin New Jersey Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 66

Name of fund	Franklin Rising Dividends Fund
SEC File number( e.g., 811- )	811-04894

Shared Credit Users Record: 67

Name of fund	Templeton Dynamic Equity Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 68

Name of fund	Franklin LifeSmart 2040 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 69

Name of fund	Franklin Equity Income Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 70

Name of fund	Templeton Developing Markets Trust
SEC File number( e.g., 811- )	811-06378

Shared Credit Users Record: 71

Name of fund	Franklin Conservative Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 72

Name of fund	Franklin California High Yield Municipal Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 73

Name of fund	Franklin Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 74

Name of fund	Franklin Small Mid Cap Growth VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 75

Name of fund	Franklin New York Intermediate Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04787

Shared Credit Users Record: 76

Name of fund	Franklin LifeSmart 2045 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 77

Name of fund	Franklin Pennsylvania Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 78

Name of fund	Franklin LifeSmart Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 79

Name of fund	Franklin Strategic Income Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 80

Name of fund	Templeton Global Smaller Companies Fund
SEC File number( e.g., 811- )	811-03143

Shared Credit Users Record: 81

Name of fund	Franklin NextStep Conservative Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 82

Name of fund	Franklin Maryland Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 83

Name of fund	Franklin Tennessee Municipal Bond Fund
SEC File number( e.g., 811- )	811-06481

Shared Credit Users Record: 84

Name of fund	Franklin Georgia Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 85

Name of fund	Templeton China World Fund
SEC File number( e.g., 811- )	811-07876

Shared Credit Users Record: 86

Name of fund	Franklin Small Mid Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 87

Name of fund	Franklin Payout 2020 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 88

Name of fund	Franklin Convertible Securities Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 89

Name of fund	Franklin Select U.S. Equity Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 90

Name of fund	Franklin Louisiana Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 91

Name of fund	Franklin DynaTech Fund
SEC File number( e.g., 811- )	811-00537

Shared Credit Users Record: 92

Name of fund	Franklin India Growth Fund
SEC File number( e.g., 811- )	811-06336

Shared Credit Users Record: 93

Name of fund	Franklin Payout 2022 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 94

Name of fund	Franklin K2 Alternative Strategies Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 95

Name of fund	Franklin LifeSmart 2020 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 96

Name of fund	Franklin Mutual Financial Services Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 97

Name of fund	Franklin Massachusetts Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 98

Name of fund	Franklin LifeSmart 2035 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 99

Name of fund	Foreign Smaller Companies Series
SEC File number( e.g., 811- )	811-06135

Shared Credit Users Record: 100

Name of fund	Franklin Alabama Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 101

Name of fund	Franklin Michigan Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 102

Name of fund	Franklin Minnesota Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 103

Name of fund	Franklin Mutual Quest Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 104

Name of fund	Franklin Lower Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 105

Name of fund	Franklin Federal Limited Term Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 106

Name of fund	Franklin Natural Resources Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 107

Name of fund	Franklin Floating Rate Master Series
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 108

Name of fund	Franklin International Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 109

Name of fund	Templeton International Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 110

Name of fund	Franklin Real Estate Securities Fund
SEC File number( e.g., 811- )	811-08034

Shared Credit Users Record: 111

Name of fund	Franklin Biotechnology Discovery Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 112

Name of fund	Franklin High Yield Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 113

Name of fund	Franklin Strategic Mortgage Portfolio
SEC File number( e.g., 811- )	811-07288

Shared Credit Users Record: 114

Name of fund	Franklin Floating Rate Daily Access Fund
SEC File number( e.g., 811- )	811-04986

Shared Credit Users Record: 115

Name of fund	Templeton Global Currency Fund
SEC File number( e.g., 811- )	811-04450

Shared Credit Users Record: 116

Name of fund	Franklin Rising Dividends VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 117

Name of fund	Franklin VolSmart Allocation VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 118

Name of fund	Franklin Growth Allocation Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 119

Name of fund	Franklin Small Cap Value Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 120

Name of fund	Templeton Global Bond VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 121

Name of fund	Franklin Small Cap Growth Fund
SEC File number( e.g., 811- )	811-06243

Shared Credit Users Record: 122

Name of fund	Franklin Payout 2019 Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 123

Name of fund	Franklin Global Real Estate VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 124

Name of fund	Franklin Liberty Senior Loan ETF
SEC File number( e.g., 811- )	811-23124

Shared Credit Users Record: 125

Name of fund	Franklin LifeSmart 2025 Retirement Target Fund
SEC File number( e.g., 811- )	811-07851

Shared Credit Users Record: 126

Name of fund	Franklin Pelagos Commodities Strategy Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 127

Name of fund	Templeton Emerging Markets Small Cap Fund
SEC File number( e.g., 811- )	811-08226

Shared Credit Users Record: 128

Name of fund	Franklin Balance Sheet Investment Fund
SEC File number( e.g., 811- )	811-05878

Shared Credit Users Record: 129

Name of fund	Franklin Mutual Global Discovery Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 130

Name of fund	Templeton Foreign Fund
SEC File number( e.g., 811- )	811-02781

Shared Credit Users Record: 131

Name of fund	Franklin K2 Long Short Credit Fund
SEC File number( e.g., 811- )	811-22641

Shared Credit Users Record: 132

Name of fund	Franklin Mutual International Fund
SEC File number( e.g., 811- )	811-05387

Shared Credit Users Record: 133

Name of fund	Franklin Growth and Income VIP Fund
SEC File number( e.g., 811- )	811-05583

Shared Credit Users Record: 134

Name of fund	Franklin Emerging Market Debt Opportunities Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 135

Name of fund	Franklin Middle Tier Floating Rate Fund
SEC File number( e.g., 811- )	811-09869

Shared Credit Users Record: 136

Name of fund	Templeton Global Bond Fund
SEC File number( e.g., 811- )	811-04706

Shared Credit Users Record: 137

Name of fund	Franklin International Small Cap Growth Fund
SEC File number( e.g., 811- )	811-10157

Shared Credit Users Record: 138

Name of fund	Franklin Connecticut Tax Free Income Fund
SEC File number( e.g., 811- )	811-04149

Shared Credit Users Record: 139

Name of fund	Global Equity Series
SEC File number( e.g., 811- )	811-06135

v. Did the Fund draw on the line of credit this period? Yes No

b. Did the Fund engage in interfund lending?	Yes No

c.Did the Fund engage in interfund borrowing?	Yes No

Item C.21. Swing pricing.

For open-end management investment companies, respond to the following:

a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?	Yes No