Proxy Voting Policies and Voting Records

Franklin Templeton Investments is pleased to provide the proxy voting policies and procedures of its affiliated investment advisors, as well as the proxy voting records of its mutual funds. With years of experience, Franklin Templeton's investment advisors understand that their proxy voting decisions may affect the value of shareholdings. Each investment advisor is committed to fulfilling their fiduciary duty to vote proxies in the best interests of their shareholders. The proxy voting policies and procedures serve as a guideline for proxy voting decisions and detail the process by which such decisions are made.

Fund Name Changes

Effective as of the close of business on February 17, 2014

  • Franklin Mutual Beacon Fund, formerly Mutual Beacon Fund, will change its name to Franklin Mutual U.S. Shares Fund
  • Franklin Mutual Beacon Corporate Class, formerly Mutual Beacon Corporate Class, will change its name to Franklin Mutual U.S. Shares Corporate Class

Effective as of the close of business on October 25, 2013

  • Franklin Quotential Global Growth Portfolio, formerly Quotential Global Growth Portfolio, changed its name to Franklin Quotential Diversified Equity Portfolio
  • Franklin Quotential Global Growth Corporate Class Portfolio, formerly Quotential Global Growth Corporate Class Portfolio, changed its name to Franklin Quotential Diversified Equity Corporate Class Portfolio

Effective July 29, 2013, Franklin Templeton Investments Corp. (the "Manager") changed some of the fund and portfolio names listed below:

New Fund/Portfolio Name Old Fund/Portfolio Name
Bissett All Canadian Focus Fund Franklin Bissett All Canadian Focus Fund
Bissett All Canadian Focus Corporate Class Franklin Bissett All Canadian Focus Corporate Class
Bissett Bond Fund Franklin Bissett Bond Fund
Bissett Bond Corporate Class Franklin Bissett Bond Corporate Class
Bissett Bond Yield Class Franklin Bissett Bond Yield Class
Bissett Canadian Balanced Fund Franklin Bissett Canadian Balanced Fund
Bissett Canadian Balanced Corporate Class Franklin Bissett Canadian Balanced Corporate Class
Bissett Canadian Dividend Fund Franklin Bissett Canadian Dividend Fund
Bissett Canadian Dividend Corporate Class Franklin Bissett Canadian Dividend Corporate Class
Bissett Canadian Equity Fund Franklin Bissett Canadian Equity Fund
Bissett Canadian Equity Corporate Class Franklin Bissett Canadian Equity Corporate Class
Bissett Canadian High Dividend Fund Franklin Bissett Canadian High Dividend Fund
Bissett Canadian High Dividend Corporate Class Franklin Bissett Canadian High Dividend Corporate Class
Bissett Canadian Short Term Bond Fund Franklin Bissett Canadian Short Term Bond Fund
Bissett Canadian Short Term Bond Yield Class Franklin Bissett Canadian Short Term Bond Yield Class
Bissett Corporate Bond Fund Franklin Bissett Corporate Bond Fund
Bissett Corporate Bond Yield Class Franklin Bissett Corporate Bond Yield Class
Bissett Dividend Income Fund Franklin Bissett Dividend Income Fund
Bissett Dividend Income Corporate Class Franklin Bissett Dividend Income Corporate Class
Bissett Energy Corporate Class Franklin Bissett Energy Corporate Class
Bissett Microcap Fund Franklin Bissett Microcap Fund
Franklin Templeton Money Market Fund Franklin Bissett Money Market Fund
Franklin Templeton Money Market Corporate Class Franklin Bissett Money Market Corporate Class
Franklin Templeton Money Market Yield Class Franklin Bissett Money Market Yield Class
Bissett Small Cap Fund Franklin Bissett Small Cap Fund
Bissett Small Cap Corporate Class Franklin Bissett Small Cap Corporate Class
Bissett Strategic Income Fund Franklin Bissett Strategic Income Fund
Bissett Strategic Income Corporate Class Franklin Bissett Strategic Income Corporate Class
Franklin Templeton Treasury Bill Fund Franklin Bissett Treasury Bill Fund
Bissett U.S. Focus Corporate Class Franklin Bissett U.S. Focus Corporate Class
Mutual Global Discovery Fund Franklin Mutual Global Discovery Fund
Mutual Global Discovery Corporate Class Franklin Mutual Global Discovery Corporate Class
Quotential Balanced Growth Portfolio Franklin Quotential Balanced Growth Portfolio
Quotential Balanced Growth Corporate Class Portfolio Franklin Quotential Balanced Growth Corporate Class Portfolio
Quotential Balanced Income Portfolio Franklin Quotential Balanced Income Portfolio
Quotential Balanced Income Corporate Class Portfolio Franklin Quotential Balanced Income Corporate Class Portfolio
Quotential Diversified Income Portfolio Franklin Quotential Diversified Income Portfolio
Quotential Diversified Income Corporate Class Portfolio Franklin Quotential Diversified Income Corporate Class Portfolio
Quotential Growth Portfolio Franklin Quotential Growth Portfolio
Quotential Growth Corporate Class Portfolio Franklin Quotential Growth Corporate Class Portfolio

Effective May 13, 2013

  • Bissett Focus Balanced Fund changed its name to Franklin Bissett Canadian All Cap Balanced Fund
  • Bissett Focus Balanced Corporate Class changed its name to Franklin Bissett Canadian All Cap Balanced Corporate Class

Fund Mergers

Effective as of the close of business on October 25, 2013, the following funds were merged with the Continuing Funds:

Terminating Funds Continuing Funds
Franklin Quotential Global Balanced Portfolio Franklin Quotential Balanced Income Portfolio
Franklin Quotential Global Balanced Corporate Class Portfolio Franklin Quotential Balanced Income Corporate Class Portfolio
Franklin Quotential Canadian Growth Portfolio Franklin Bissett Canadian Equity Fund
Franklin Quotential Canadian Growth Corporate Class Portfolio Franklin Bissett Canadian Equity Corporate Class
Franklin Quotential Maximum Growth Portfolio Franklin Quotential Global Growth Portfolio
Franklin Quotential Maximum Growth Corporate Class Portfolio Franklin Quotential Global Growth Corporate Class Portfolio

Full details of the mergers are set out on page 30 of the Simplified Prospectus.

New Funds

Launch Date June 28, 2013

  • Franklin Income Fund
  • Franklin Income Corporate Class
  • Franklin Income Hedged Corporate Class

Yield Class Funds Closed to New Investment

  • Effective March 25, 2013, Franklin Templeton Investments Corp., the Manager of Templeton Global Bond Hedged Yield Class, Franklin Bissett Bond Yield Class, Franklin Bissett Canadian Short Term Bond Yield Class, Franklin Bissett Corporate Bond Yield Class and Franklin Bissett Money Market Yield Class (collectively, the "Yield Class Funds"), has closed the Yield Class Funds to new investment as a result of the Budget Proposal announced by the Federal Minister of Finance on March 21, 2013.

    Under the Budget Proposal, the tax efficient returns earned by the Yield Class Funds may no longer be available. The Manager is currently assessing the implications of the Budget Proposal and alternatives for the Yield Class Funds.

Fund / Series Closure

  • Effective February 14, 2013, Franklin Templeton Global Blend Fund, Franklin Templeton Global Blend Corporate Class, Franklin Templeton U.S. Money Market Fund, Franklin Templeton U.S. Money Market Yield Class (each a "Fund" and collectively, the "Funds"), Series T-USD of Franklin Quotential Global Balanced Portfolio and Franklin Quotential Global Balanced Corporate Class Portfolio (the "Series") ceased offering units/shares for purchase and the Funds and Series were terminated on April 16, 2013. On or prior to April 16, 2013, you could switch or redeem your holdings in the Funds or Series for settlement. If you held the Fund or Series in a Franklin Templeton registered account, your holdings would have been switched into another fund or series listed below:
Terminated Funds / Series Switched-to Funds / Series
Franklin Templeton Global Blend Fund Franklin Bissett Money Market Fund
Franklin Templeton Global Blend Corporate Class Franklin Bissett Money Market Fund
Franklin Templeton U.S. Money Market Fund Franklin Bissett Money Market Fund
Franklin Templeton U.S. Money Market Yield Class Franklin Bissett Money Market Fund
Franklin Quotential Global Balanced Portfolio - Series T-USD Franklin Quotential Global Balanced Portfolio - Series T
Franklin Quotential Global Balanced Corporate Class Portfolio - Series T-USD Franklin Quotential Global Balanced Corporate Class Portfolio - Series T

You can look up the voting records under Franklin Bissett Money Market Fund, Franklin Quotential Global Balanced Portfolio and Franklin Quotential Global Balanced Corporate Class Portfolio. If you held the Fund or Series in a non-registered account, your holdings would have been liquidated at fair market value.

  • Effective April 16, 2013, Franklin Templeton U.S. Money Market Corporate Class (the "Corporate Class Fund") was terminated. On or prior to April 16, 2013, you could switch or redeem your holdings in the Corporate Class Fund for settlement. If you held the Corporate Fund in a Franklin Templeton registered account, your holdings would have been switched into Franklin Bissett Money Market Fund. You can look up its voting record under Franklin Bissett Money Market Fund. If you held the Corporate Class Fund in a non-registered account, your holdings would have been liquidated at fair market value.