497 1 c497.htm GOF SA1 0125

GOF-SA1 01/25

SUPPLEMENT DATED JANUARY 23, 2025

TO THE STATEMENT OF ADDITIONAL INFORMATION (“SAI”),

OF EACH FRANKLIN TEMPLETON FUND

LISTED IN SCHEDULE A and SCHEDULE B

 

1. Effective January 23, 2025, the SAI of each fund listed in Schedule A, is amended as follows:

a. The following address replaces all references to P.O. Box 997151 Sacramento, CA 95899-7151 in each fund’s SAI.

P.O. Box 33030 St. Petersburg, FL 33733

b. The following replaces the section entitled “Management and Other Services – Shareholder servicing and transfer agent” in each fund’s SAI.

Shareholder servicing and transfer agent Franklin Templeton Investor Services, LLC (Investor Services) is the Fund's shareholder servicing agent and acts as the Fund's transfer agent and dividend-paying agent. Investor Services is located at 100 Fountain Parkway, St. Petersburg, FL 33716. Please send all correspondence to Institutional Services at P.O. Box 33030, St. Petersburg, FL 33733.

Under the terms of its servicing contract with the Fund, Investor Services may receive a fee for servicing Fund shareholder accounts. The Fund also will reimburse Investor Services for certain out-of-pocket expenses necessarily incurred in servicing the shareholder accounts in accordance with the terms of its servicing contract with the Fund. 

2. Effective January 23, 2025, the SAI of each fund listed in Schedule B, is amended as follows:

a. The following address replaces all references to 3344 Quality Drive, Rancho Cordova, CA 95670-7313 in each fund’s SAI.

100 Fountain Parkway, St. Petersburg, FL 33716


SCHEDULE A

  

  

Fund

 

Date of SAI

 

  

FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

 

Franklin Allocation VIP Fund

May 1, 2024

Franklin DynaTech VIP Fund

May 1, 2024

Franklin Global Real Estate VIP Fund

May 1, 2024

Franklin Growth and Income VIP Fund

May 1, 2024

Franklin Income VIP Fund

May 1, 2024

Franklin Large Cap Growth VIP Fund

May 1, 2024

Franklin Mutual Global Discovery VIP Fund

May 1, 2024

Franklin Mutual Shares VIP Fund

May 1, 2024

Franklin Rising Dividends VIP Fund

May 1, 2024

Franklin Small Cap Value VIP Fund

May 1, 2024

Franklin Small-Mid Cap Growth VIP Fund

May 1, 2024

Franklin Strategic Income VIP Fund

May 1, 2024

Franklin U.S. Government Securities VIP Fund

May 1, 2024

Franklin VolSmart Allocation VIP Fund

May 1, 2024

Templeton Developing Markets VIP Fund

May 1, 2024

Templeton Foreign VIP Fund

May 1, 2024

Templeton Global Bond VIP Fund

May 1, 2024

Templeton Growth VIP Fund

May 1, 2024

SCHEDULE B

  

  

Fund

Date of SAI

  

FRANKLIN ALTERNATIVE STRATEGIES FUNDS

 

K2 Alternative Strategies Fund

October 1, 2024

  

FRANKLIN CALIFORNIA TAX-FREE TRUST

 

Franklin California Intermediate-Term Tax-Free Income Fund

November 1, 2024

  


  

Fund

Date of SAI

  

FRANKLIN U.S. GOVERNMENT MONEY FUND

 

Franklin U.S. Government Money Fund

November 1, 2024

  

FRANKLIN MUTUAL SERIES FUNDS

 

Franklin Mutual Beacon Fund

May 1, 2024

Franklin Mutual Global Discovery Fund

May 1, 2024

Franklin Mutual International Value Fund

May 1, 2024

Franklin Mutual Quest Fund

May 1, 2024

Franklin Mutual Shares Fund

May 1, 2024

  

TEMPLETON DEVELOPING MARKETS TRUST

 

Templeton Developing Markets Trust

May 1, 2024

  

TEMPLETON GLOBAL INVESTMENT TRUST

 

Templeton Global Balanced Fund

May 1, 2024

  

TEMPLETON INSTITUTIONAL FUNDS

 

Foreign Smaller Companies Series

May 1, 2024

International Equity Series

May 1, 2024

 Please retain this supplement for future reference.