497 1 gof_p-20315.htm GOF P-2 03/15 gof_p-20315.htm - Generated by SEC Publisher for SEC Filing

 

 

 

GOF P-2 03/15

 

SUPPLEMENT DATED MARCH 16, 2015

TO THE CURRENTLY EFFECTIVE PROSPECTUSES

 OF

EACH OF THE LISTED FUNDS

 

Franklin Alternative Strategies Funds

Franklin K2 Alternative Strategies Fund

Franklin Pelagos Commodities Strategy Fund

 

Franklin California Tax-Free Income Fund

 

Franklin California Tax-Free Trust

Franklin California Insured Tax-Free Income Fund

Franklin California Intermediate-Term Tax-Free Income Fund

Franklin California Tax-Exempt Money Fund

 

Franklin Custodian Funds

Franklin DynaTech Fund

Franklin Growth Fund

Franklin Income Fund

Franklin U.S. Government Securities Fund

Franklin Utilities Fund

 

Franklin Federal Tax-Free Income Fund

 

Franklin Fund Allocator Series

Franklin Conservative Allocation Fund

Franklin Corefolio Allocation Fund

Franklin Founding Funds Allocation Fund

Franklin Growth Allocation Fund

Franklin Moderate Allocation Fund

Franklin LifeSmartTM 2015 Retirement Target Fund

Franklin LifeSmartTM 2020 Retirement Target Fund

Franklin LifeSmartTM 2025 Retirement Target Fund

Franklin LifeSmartTM 2030 Retirement Target Fund

Franklin LifeSmartTM 2035 Retirement Target Fund

Franklin LifeSmartTM 2040 Retirement Target Fund

Franklin LifeSmartTM 2045 Retirement Target Fund

Franklin LifeSmartTM 2050 Retirement Target Fund

Franklin Multi-Asset Real Return Fund

 

Franklin Global Trust

Franklin Global Listed Infrastructure Fund

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Franklin Global Real Estate Fund

Franklin International Growth Fund

Franklin International Small Cap Growth Fund

Franklin Large Cap Equity Fund

 

Franklin Gold and Precious Metals Fund

 

Franklin High Income Trust

Franklin High Income Fund

 

Franklin Investors Securities Trust

Franklin Adjustable U.S. Government Securities Fund

Franklin Balanced Fund

Franklin Convertible Securities Fund

Franklin Equity Income Fund

Franklin Floating Rate Daily Access Fund

Franklin Low Duration Total Return Fund

Franklin Real Return Fund

Franklin Total Return Fund

 

Franklin Managed Trust

Franklin Rising Dividends Fund

 

Franklin Money Fund

 

Franklin Municipal Securities Trust

Franklin California High Yield Municipal Fund

Franklin Tennessee Municipal Bond Fund

 

Franklin Mutual Recovery Fund

 

Franklin Mutual Series Funds

Franklin Mutual Beacon Fund

Franklin Mutual European Fund

Franklin Mutual Financial Services Fund

Franklin Mutual Global Discovery Fund

Franklin Mutual International Fund

Franklin Mutual Quest Fund

Franklin Mutual Shares Fund

 

Franklin New York Tax-Free Income Fund

 

Franklin New York Tax-Free Trust

Franklin New York Intermediate-Term Tax-Free Income Fund

 

Franklin Real Estate Securities Trust

Franklin Real Estate Securities Fund

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Franklin Strategic Mortgage Portfolio

 

Franklin Strategic Series

Franklin Biotechnology Discovery Fund

Franklin Flex Cap Growth Fund

Franklin Focused Core Equity Fund

Franklin Global Government Bond Fund

Franklin Growth Opportunities Fund

Franklin Natural Resources Fund

Franklin Small Cap Growth Fund

Franklin Small-Mid Cap Growth Fund

Franklin Strategic Income Fund

 

Franklin Tax-Free Trust

Franklin Alabama Tax-Free Income Fund

Franklin Arizona Tax-Free Income Fund

Franklin Colorado Tax-Free Income Fund

Franklin Connecticut Tax-Free Income Fund

Franklin Double Tax-Free Income Fund

Franklin Federal Intermediate-Term Tax-Free Income Fund

Franklin Federal Limited-Term Tax-Free Income Fund

Franklin Florida Tax-Free Income Fund

Franklin Georgia Tax-Free Income Fund

Franklin High Yield Tax-Free Income Fund

Franklin Insured Tax-Free Income Fund

Franklin Kentucky Tax-Free Income Fund

Franklin Louisiana Tax-Free Income Fund

Franklin Maryland Tax-Free Income Fund

Franklin Massachusetts Tax-Free Income Fund

Franklin Michigan Tax-Free Income Fund

Franklin Minnesota Tax-Free Income Fund

Franklin Missouri Tax-Free Income Fund

Franklin New Jersey Tax-Free Income Fund

Franklin North Carolina Tax-Free Income Fund

Franklin Ohio Tax-Free Income Fund

Franklin Oregon Tax-Free Income Fund

Franklin Pennsylvania Tax-Free Income Fund

Franklin Virginia Tax-Free Income Fund

 

Franklin Templeton Global Trust

Templeton Hard Currency Fund

 

Franklin Templeton International Trust

Franklin India Growth Fund

Franklin Global Allocation Fund

Franklin World Perspectives Fund

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Templeton Foreign Smaller Companies Fund

 

Franklin Templeton Money Fund Trust

Franklin Templeton Money Fund

 

Franklin Value Investors Trust

Franklin All Cap Value Fund

Franklin Balance Sheet Investment Fund

Franklin Large Cap Value Fund

Franklin MicroCap Value Fund

Franklin MidCap Value Fund

Franklin Small Cap Value Fund

 

Templeton China World Fund

 

Templeton Developing Markets Trust

 

Templeton Funds

Templeton Foreign Fund

Templeton World Fund

 

Templeton Global Investment Trust

Templeton BRIC Fund

Templeton Emerging Markets Balanced Fund

Templeton Emerging Markets Small Cap Fund

Templeton Frontier Markets Fund

Templeton Global Balanced Fund

 

Templeton Global Opportunities Trust

 

Templeton Global Smaller Companies Fund

 

Templeton Growth Fund, Inc.

 

Templeton Income Trust

Templeton Constrained Bond Fund

Templeton Emerging Markets Bond Fund

Templeton Global Bond Fund

Templeton Global Total Return Fund

Templeton International Bond Fund

 

 

The Prospectus is amended as follows:

 

I.  For all Funds except the Money Funds the “Fund Details – Choosing a Share Class – Sales Charge Waivers - Waivers for certain investors” section of the prospectus is revised to add the following bulleted item:

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•      Clients of financial intermediaries who have entered into an agreement with Distributors and have been approved by the Distributor to offer Fund shares through a self-directed investment brokerage account that may charge a transaction fee to customers.

II. For all Funds except for the Money Funds the “Fund Details – Choosing a Share Class – Qualified Investors–Advisor Class [or Class Z, as applicable]” section of the prospectus is revised to add the following bulleted item:

 

·         Clients of financial intermediaries who have entered into an agreement with Distributors and have been approved by the Distributor to offer Fund shares through a self-directed investment brokerage account that may charge a transaction fee to customers: $100,000 minimum initial investment.

III. For all Funds the “Fund Details – Choosing a Share Class – Franklin Templeton VIP Services” section of the prospectus is revised as follows:

 

Franklin Templeton VIP Services®

You may be eligible for Franklin Templeton VIP Services® if you are currently eligible for the $500,000 sales charge breakpoint based solely on shares registered directly with the Franklin Templeton funds’ transfer agent and excluding shares held indirectly through brokerage accounts.  Franklin Templeton VIP Services® shareholders enjoy enhanced service and transaction capabilities. Please contact Shareholder Services at (800) 632‑2301 for additional information on this program.

 

 

Please keep this supplement with your prospectus for future reference.

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