GOF SA5 09/23
FRANKLIN CUSTODIAN FUNDS
FRANKLIN GOLD AND PRECIOUS METALS FUND
FRANKLIN MANAGED TRUST
FRANKLIN VALUE INVESTORS TRUST
SUPPLEMENT DATED SEPTEMBER 21, 2023
TO THE STATEMENT OF ADDITIONAL INFORMATION (“SAI”)
1) For each of the funds listed in Schedule A, all references to “The Bank of New York Mellon” under the heading “Policies and Procedures Regarding the Release of Portfolio Holdings” are replaced with “JPMorgan Chase Bank.”
2) For each of the funds listed in Schedule A, all references to “The Bank of New York Mellon” under the “Custodian” section under “Management and Other Service” are replaced with “JPMorgan Chase Bank,” and the reference to the address of Bank of New York Mellon’s principal office is replaced with “270 Park Avenue, New York, NY 10017-2070,” the address of JPMorgan Chase Bank.
SCHEDULE A
Fund
| Date of SAI
|
FRANKLIN CUSTODIAN FUNDS |
|
Franklin DynaTech Fund...................................................................................................................... | February 1, 2023 |
Franklin Growth Fund........................................................................................................................... | February 1, 2023 |
Franklin Utilities Fund........................................................................................................................... | February 1, 2023 |
FRANKLIN GOLD AND PRECIOUS METALS FUND | |
Franklin Gold and Precious Metals Fund…………………………………………………………………… | December 1, 2022 |
FRANKLIN MANAGED TRUST | |
Franklin Rising Dividends Fund……………………………………………………………………………… | February 1, 2023 |
FRANKLIN VALUE INVESTORS TRUST | |
Franklin Mutual U.S. Mid Cap Value Fund…………………………………………………………………. | March 1, 2023 |
Please retain this supplement for future reference