0001752724-19-068010.txt : 20190628 0001752724-19-068010.hdr.sgml : 20190628 20190628165612 ACCESSION NUMBER: 0001752724-19-068010 CONFORMED SUBMISSION TYPE: N-CEN/A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20190628 DATE AS OF CHANGE: 20190628 EFFECTIVENESS DATE: 20190628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INSTITUTIONAL FIDUCIARY TRUST CENTRAL INDEX KEY: 0000765485 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-CEN/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-04267 FILM NUMBER: 19930138 BUSINESS ADDRESS: STREET 1: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403-1906 BUSINESS PHONE: 650-312-2000 MAIL ADDRESS: STREET 1: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403-1906 0000765485 S000007358 MONEY MARKET PORTFOLIO C000020209 MONEY MARKET PORTFOLIO INFXX N-CEN/A 1 primary_doc.xml X0201 N-CEN/A 0001752724-18-000290 LIVE 0000765485 XXXXXXXX 811-04267 true N-1A true Institutional Fiduciary Trust 811-04267 0000765485 549300DHQLI8W1JIXY85 ONE FRANKLIN PARKWAY SAN MATEO 94403-1906 US-CA US 6503122000 Franklin Templeton Investor Services, LLC One Franklin Parkway SAN MATEO 94403-1906 650-312-2000 Records related to its functions as Transfer agent The Bank of New York Mellon 111 Sanders Creek Parkway East Syracuse 13057 855-231-1706 Records related to its functions as Custodian Franklin Templeton Services, LLC One Franklin Parkway SAN MATEO 94403-1906 650-312-2000 Records related to its functions as Administrative manager Y N N-1A 1 Y Gregory E. Johnson N/A Y Terrence J. Checki N/A N Larry D. Thompson N/A N Harris J. Ashton N/A N Mary C. Choksi N/A N John B. Wilson N/A N J. Michael Luttig N/A N Rupert H. Johnson, Jr. N/A Y Edith E. Holiday N/A N Robert C. Rosselot N/A 300 S.E. 2nd Street Fort Lauderdale 33301-1923 XXXXXX N N N N N N PRICEWATERHOUSECOOPERS LLP 238 5493002GVO7EO8RNNS37 N N N N N N N Money Market Portfolio S000007358 549300M4TP89K77LG374 Y 0 0 0 Money Market Fund N N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) Y N N N FRANKLIN TEMPLETON INVESTOR SERVICES LLC 84-1036 N/A Y N N N THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N FRANKLIN TEMPLETON INVESTOR SERVICES LLC N/A Y N N Franklin Templeton Services, LLC 549300DFD0POOJZ42788 Y N N Franklin Templeton Financial Services Corp. 8-29504 000013594 N/A 0 Franklin Templeton Investment Services, Inc. 8-43206 000027884 N/A 0 FRANKLIN TEMPLETON DISTRIBUTORS INC 8-5889 000000332 N/A 0 0 0 N 19746719174 N N N N false false true false true false EXEMPT ORDER INFO 2 IC-32772_f4qptvrk.txt EXEMPTIVE ORDER RELEASE NO 32772 UNITED STATES OF AMERICA BEFORE THE SECURITIES AND EXCHANGE COMMISSION INVESTMENT COMPANY ACT OF 1940 Release no. 32722/July 3, 2017 ________________________________________________ In the Matter of : : Franklin Fund Allocator Series : Franklin Advisers, Inc. : Franklin Templeton Distributors, Inc. : : One Franklin Parkway : San Mateo, CA 94403 : : (812-14611) : ________________________________________________: ORDER UNDER SECTION 12(d)(1)(J) OF THE INVESTMENT COMPANY ACT OF 1940 GRANTING AN EXEMPTION FROM SECTIONS 12(d)(1)(A), (B), AND (C) OF THE ACT, UNDER SECTIONS 6(c) AND 17(b) OF THE ACT GRANTING AN EXEMPTION FROM SECTION 17(a) OF THE ACT, AND UNDER SECTION 6(C) OF THE ACT FOR AN EXEMPTION FROM RULE 12d1-2(a) UNDER THE ACT Franklin Fund Allocator Series, Franklin Advisers, Inc., and Franklin Templeton Distributors, Inc. filed an application on February 9, 2016, and an amendment to the application on May 23, 2017, requesting an order under section 12(d)(1)(J) of the Investment Company Act of 1940 (the "Act") granting an exemption from sections 12(d)(1)(A), (B), and (C) of the Act, under sections 6(c) and 17(b) of the Act granting an exemption from section 17(a) of the Act, and under section 6(c) of the Act for an exemption from rule 12d1-2(a) under the Act. The order would permit (a) certain registered open-end management investment companies that operate as "funds of funds" to acquire shares of certain registered open-end management investment companies, registered closed-end management investment companies, "business development companies," as defined by section 2(a)(48) of the Act, and registered unit investment trusts that are within and outside the same group of investment companies as the acquiring investment companies and (b) certain registered open-end management investment companies relying on rule 12d1-2 under the Act to invest in certain financial instruments. On June 5, 2017, a notice of the filing of the application was issued (Investment Company Act Release No. 32669). The notice gave interested persons an opportunity to request a hearing and stated that an order granting the application would be issued unless a hearing was ordered. No request for a hearing has been filed, and the Commission has not ordered a hearing. 2 The matter has been considered and it is found, on the basis of the information set forth in the application, as amended, that granting the requested exemption is appropriate in and consistent with the public interest and consistent with the protection of investors and the purposes fairly intended by the policy and provisions of the Act. It is also found that the terms of the proposed transactions are reasonable and fair and do not involve overreaching, and the proposed transactions are consistent with the policies of each registered investment company concerned and with the general purposes of the Act. Accordingly, IT IS ORDERED, that the relief requested under section 12(d)(1)(J) of the Act from sections 12(d)(1)(A), (B), and (C) of the Act, under sections 6(c) and 17(b) of the Act from section 17(a) of the Act, and under section 6(c) of the Act for an exemption from rule 12d1-2(a) under the Act by Franklin Fund Allocator Series, et al. (File No. 812-14611) is granted, effective immediately, subject to the conditions contained in the application, as amended. For the Commission, by the Division of Investment Management, under delegated authority. Eduardo Aleman Assistant Secretary EXEMPT ORDER INFO 3 IC-33117_oopcijqt.txt EXEMPTIVE ORDER RELEASE NO 33117 UNITED STATES OF AMERICA BEFORE THE SECURITIES AND EXCHANGE COMMISSION INVESTMENT COMPANY ACT OF 1940 Release No. 33117 / June 5, 2018 __________________________________________________________________ In the Matter of : : FRANKLIN ALTERNATIVE STRATEGIES FUNDS : FRANKLIN CALIFORNIA TAX-FREE INCOME FUND : FRANKLIN CALIFORNIA TAX-FREE TRUST : FRANKLIN CUSTODIAN FUNDS : FRANKLIN ETF TRUST : FRANKLIN FEDERAL TAX-FREE INCOME FUND : FRANKLIN FLOATING RATE MASTER TRUST : FRANKLIN FUND ALLOCATOR SERIES : FRANKLIN GLOBAL TRUST : FRANKLIN GOLD AND PRECIOUS METALS FUND : FRANKLIN HIGH INCOME TRUST : FRANKLIN INVESTORS SECURITIES TRUST : FRANKLIN MANAGED TRUST : FRANKLIN U.S. GOVERNMENT MONEY FUND : FRANKLIN MUNICIPAL SECURITIES TRUST : FRANKLIN MUTUAL SERIES FUNDS : FRANKLIN NEW YORK TAX-FREE INCOME FUND : FRANKLIN NEW YORK TAX-FREE TRUST : FRANKLIN REAL ESTATE SECURITIES TRUST : FRANKLIN STRATEGIC MORTGAGE PORTFOLIO : FRANKLIN STRATEGIC SERIES : FRANKLIN TAX-FREE TRUST : FRANKLIN TEMPLETON ETF TRUST : FRANKLIN TEMPLETON GLOBAL TRUST : FRANKLIN TEMPLETON INTERNATIONAL TRUST : FRANKLIN TEMPLETON MONEY FUND TRUST : FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST : FRANKLIN VALUE INVESTORS TRUST : INSTITUTIONAL FIDUCIARY TRUST : TEMPLETON CHINA WORLD FUND : TEMPLETON DEVELOPING MARKETS TRUST : TEMPLETON FUNDS : TEMPLETON GLOBAL INVESTMENT TRUST : TEMPLETON GLOBAL OPPORTUNITIES TRUST : TEMPLETON GLOBAL SMALLER COMPANIES FUND : TEMPLETON GROWTH FUND, INC. : TEMPLETON INCOME TRUST : TEMPLETON INSTITUTIONAL FUNDS : THE MONEY MARKET PORTFOLIOS : FRANKLIN LIMITED DURATION INCOME TRUST : 2 FRANKLIN UNIVERSAL TRUST : TEMPLETON DRAGON FUND, INC. : TEMPLETON EMERGING MARKETS FUND : TEMPLETON EMERGING MARKETS INCOME FUND : TEMPLETON GLOBAL INCOME FUND : FRANKLIN ADVISERS, INC. : FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED : K2/D&S MANAGEMENT CO., L.L.C. : FASA LLC : FRANKLIN TEMPLETON INSTITUTIONAL, LLC : FRANKLIN ADVISORY SERVICES, LLC : FRANKLIN MUTUAL ADVISERS, LLC : TEMPLETON INVESTMENT COUNSEL, LLC : TEMPLETON ASSET MANAGEMENT LTD. : TEMPLETON GLOBAL ADVISORS LIMITED : : One Franklin Parkway : San Mateo, CA 94403 : : (812-14819) : __________________________________________________________________: ORDER UNDER SECTION 6(c) OF THE INVESTMENT COMPANY ACT OF 1940 GRANTING AN EXEMPTION FROM SECTIONS 18(f) AND 21(b) OF THE ACT; UNDER SECTION 12(d)(1)(J) OF THE ACT GRANTING AN EXEMPTION FROM SECTION 12(d)(1) OF THE ACT; UNDER SECTIONS 6(c) AND 17(b) OF THE ACT GRANTING AN EXEMPTION FROM SECTIONS 17(a)(1), 17(a)(2), AND 17(a)(3) OF THE ACT; AND UNDER SECTION 17(d) OF THE ACT AND RULE 17d-1 UNDER THE ACT TO PERMIT CERTAIN JOINT ARRANGEMENTS AND TRANSACTIONS Franklin Alternative Strategies Funds, Franklin California Tax-Free Income Fund, Franklin California Tax-Free Trust, Franklin Custodian Funds, Franklin ETF Trust, Franklin Federal Tax- Free Income Fund, Franklin Floating Rate Master Trust, Franklin Fund Allocator Series, Franklin Global Trust, Franklin Gold and Precious Metals Fund, Franklin High Income Trust, Franklin Investors Securities Trust, Franklin Managed Trust, Franklin U.S. Government Money Fund, Franklin Municipal Securities Trust, Franklin Mutual Series Funds, Franklin New York Tax-Free Income Fund, Franklin New York Tax-Free Trust, Franklin Real Estate Securities Trust, Franklin Strategic Mortgage Portfolio, Franklin Strategic Series, Franklin Tax-Free Trust, Franklin Templeton ETF Trust, Franklin Templeton Global Trust, Franklin Templeton International Trust, Franklin Templeton Money Fund Trust, Franklin Templeton Variable Insurance Products Trust, Franklin Value Investors Trust, Institutional Fiduciary Trust, Templeton China World Fund, Templeton Developing Markets Trust, Templeton Funds, Templeton Global Investment Trust, Templeton Global Opportunities Trust, Templeton Global Smaller Companies Fund, Templeton Growth Fund, Inc., Templeton Income Trust, Templeton Institutional Funds, The Money Market Portfolios, Franklin Limited Duration Income Trust, Franklin Universal Trust, Templeton Dragon Fund, Inc., Templeton Emerging Markets Fund, Templeton Emerging Markets Income Fund, and Templeton Global Income Fund, Franklin Advisers, Inc., Franklin Templeton Investment Management Limited, K2/D&S Management Co., L.L.C., FASA LLC, Franklin Templeton Institutional, LLC, Franklin Advisory Services, LLC, Franklin Mutual Advisers, LLC, Templeton 3 Investment Counsel, LLC, Templeton Asset Management Ltd., and Templeton Global Advisors Limited filed an application on September 14, 2017, and an amendment on March 9, 2018. Applicants requested an order under section 6(c) of the Investment Company Act of 1940 (the "Act") for an exemption from sections 18(f) and 21(b) of the Act, under section 12(d)(1)(J) of the Act for an exemption from section 12(d)(1) of the Act, under sections 6(c) and 17(b) of the Act for an exemption from sections 17(a)(1), 17(a)(2), and 17(a)(3) of the Act, and under section 17(d) of the Act and rule 17d-1 under the Act to permit certain joint arrangements and transactions. The order supersedes a prior order1 and permits certain registered management investment companies to participate in a joint lending and borrowing facility. On May 10, 2018, a notice of the filing of the application was issued (Investment Company Act Release No. 33095). The notice gave interested persons an opportunity to request a hearing and stated that an order disposing of the application would be issued unless a hearing was ordered. No request for a hearing has been filed, and the Commission has not ordered a hearing. The matter has been considered and it is found, on the basis of the information set forth in the application, as amended, that granting the requested exemption is consistent with and appropriate in the public interest, and consistent with the protection of investors and the purposes fairly intended by the policy and provisions of the Act. It is also found that the terms of the proposed transactions, including the consideration to be paid or received, are reasonable and fair and do not involve overreaching on the part of any person concerned, and that the proposed transactions are consistent with the policy of each registered investment company concerned and the general purposes of the Act. It is further found that the participation of each registered investment company in the proposed credit facility is consistent with the provisions, policies, and purposes of the Act, and not on a basis different from or less advantageous than that of other participants. Accordingly, in the matter of Franklin Alternative Strategies Funds, et al., (File No. 812-14819), IT IS ORDERED, under section 6(c) of the Act, that the requested exemptions from sections 18(f) and 21(b) of the Act are granted, effective immediately, subject to the conditions in the application, as amended. IT IS FURTHER ORDERED, under section 12(d)(1)(J) of the Act, that the requested exemption from section 12(d)(1) of the Act is granted, effective immediately, subject to the conditions in the application, as amended. IT IS FURTHER ORDERED, under sections 6(c) and 17(b) of the Act, that the requested exemptions from sections 17(a)(1), 17(a)(2), and 17(a)(3) of the Act are granted, effective immediately, subject to the conditions in the application, as amended. 1 Franklin Gold Fund, et al., Investment Company Act Release Nos. 24016 (Sept. 16, 1999) (notice) and 24080 (Oct. 13, 1999) (order). 4 IT IS FURTHER ORDERED, under section 17(d) of the Act and rule 17d-1 under the Act, that the proposed transactions are approved, effective immediately, subject to the conditions in the application, as amended. For the Commission, by the Division of Investment Management, under delegated authority. Eduardo A. Aleman Assistant Secretary EXEMPT ORDER INFO 4 IC-15534_tvjjcoxn.txt EXEMPTIVE ORDER RELEASE NO 15534 SEC Releases, In the Matter of Age High Income Fund, Inc., et al., 777 Mariners Island Boulevard, San Mateo, CA 94404, Securities and Exchange Commission, (Jan. 13, 1987) SEC Releases Click to open document in a browser 37 SEC-DOCKET 569-02 Release No. IC-15534 File No. 812-6505 January 13, 1987 ORDER PERMITTING JOINT TRADING ACCOUNTS AGE High Income Fund, Inc; Birr, Wilson Money Fund; Franklin California Tax-Free Income Fund, Inc.; Franklin New York Tax-Free Income Fund, Inc; Franklin California Tax-Free Trust; Franklin Tax-Free Trust; Franklin Corporate Cash Management Fund; Franklin Custodian Funds, Inc; Franklin Equity Fund; Franklin Federal Money Fund; Franklin Federal Tax-Free Income Fund; Franklin Gold Fund; Franklin Money Fund; Franklin Option Fund; Franklin Tax-Exempt Money Fund; Franklin New York Tax-Exempt Money Fund; Franklin Pennsylvania Investors Fund; and Institutional Fiduciary Trust ("Funds") and Franklin Advisers, Inc., filed an application on October 17, 1986, and an amendment thereto on November 24, 1986, requesting an order of the Commission under Section 17(d) of the Investment Company Act of 1940 ("Act") and Rule 17d-1 thereunder to permit the Funds, as well as future investment companies for which subsidiaries or affiliates of Franklin Resources, Inc. serve as investment managers, to deposit their cash balances remaining uninvested at the end of each trading day into a single joint account whose daily balance would be used to enter into one or more repurchase agreements in a total amount equal to the aggregate daily balance in the account ("Joint Accounts"). On December 17, 1986, a notice was issued (Investment Company Act Release No. 15485) of the filing of the application. The notice gave interested persons an opportunity to request a hearing and stated that an order disposing of the application would be issued as of course unless a hearing should be ordered. No request for a hearing has been filed, and the Commission has not ordered a hearing. The matter having been considered, it is found that the participation of the Funds in the Joint Accounts is consistent with the provisions, policies and purposes of the Act and that their participation in the Joint Accounts is not on a basis less advantageous than that of any other participant. Accordingly, IT IS ORDERED, pursuant to Section 17(d) of the Act and Rule 17d-1 thereunder that the application to permit the Funds to participate in the Joint Accounts as described in the application, be, and hereby is granted, effective forthwith. For the Commission, by the Division of Investment Management, under delegated authority. Jonathan G. Katz Secretary