Karen Skidmore

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.

Franklin Alternative Strategies Funds is an open-end investment fund/unit trust. Its investment objective is to seek capital appreciation with lower volatility relative to the broad equity markets. The company may invest in a wide range of securities and other investments including, but not limited to: equity securities, including common stocks, preferred stocks, convertible securities, rights and warrants, private and registered investment vehicles and exchange-traded funds; debt securities including bonds, notes, debentures, banker's acceptances and commercial paper; loans and loan participations; and mortgage-backed or asset-backed securities, including collateralized debt obligations. It may also invest in securities of U.S. and foreign companies, including those located in emerging markets, of any capitalization size. The company was founded on July 21, 2011 and is headquartered in San Mateo, CA.