Common use of Funds of Funds Clause in Contracts

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Strategy Trust Franklin Txxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust (collectively, the “Lifecycle Trusts”) Lifestyle Aggressive MVP Lifestyle Balanced MVP Lifestyle Conservative MVP Lifestyle Growth MVP Lifestyle Moderate MVP (collectively, the “Lifestyle MVPs”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Strategy Trust Lifecycle 2035 Trust Franklin Txxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2010 Trust Lifecycle 2050 Trust Lifecycle 2015 Trust (collectively, the “Lifecycle Trusts”) Lifecycle 2020 Trust Lifecycle 2025 Trust Lifestyle Aggressive MVP Lifecycle 2030 Trust Lifestyle Balanced MVP Lifestyle Conservative MVP Lifestyle Growth MVP Lifestyle Moderate MVP (collectively, the “Lifestyle MVPs”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Fundamental Holdings Trust Core Global Diversification Trust Core Strategy Trust Franklin Txxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust (collectively, the “Lifecycle Trusts”) Lifestyle Aggressive MVP Trust Lifestyle Balanced MVP Trust Lifestyle Conservative MVP Trust Lifestyle Growth MVP Trust Lifestyle Moderate MVP Trust (collectively, the “Lifestyle MVPsTrusts”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Strategy Trust Lifecycle 2035 Trust Franklin Txxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust Lifecycle 2010 Trust (collectively, the “Lifecycle Trusts”) Lifecycle 2015 Trust Lifecycle 2020 Trust Lifestyle Aggressive MVP Trust Lifecycle 2025 Trust Lifestyle Balanced MVP Trust Lifecycle 2030 Trust Lifestyle Conservative MVP Trust Lifestyle Growth MVP Trust Lifestyle Moderate MVP Trust (collectively, the “Lifestyle MVPsTrusts”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Strategy Trust Franklin Txxxxxxxx Xxxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust (collectively, the “Lifecycle Trusts”) Lifestyle Aggressive MVP Trust Lifestyle Balanced MVP Trust Lifestyle Conservative MVP Trust Lifestyle Growth MVP Trust Lifestyle Moderate MVP Trust (collectively, the “Lifestyle MVPsTrusts”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)) ___________________

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Strategy Trust Franklin Txxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust (collectively, the “Lifecycle Trusts”) Lifestyle Aggressive MVP Trust Lifestyle Balanced MVP Trust Lifestyle Conservative MVP Trust Lifestyle Growth MVP Trust Lifestyle Moderate MVP Trust (collectively, the “Lifestyle MVPsTrusts”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)) ___________________

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Strategy Trust Franklin Txxxxxxxx Xxxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust (collectively, the “Lifecycle Trusts”) Lifestyle Aggressive MVP Trust Lifestyle Balanced MVP Trust Lifestyle Conservative MVP Trust Lifestyle Growth MVP Trust Lifestyle Moderate MVP Trust (collectively, the “Lifestyle MVPsTrusts”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)) Certain Definitions:

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Strategy Trust Franklin Txxxxxxxx Xxxxxxxx Xxxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust (collectively, the “Lifecycle Trusts”) Lifestyle Aggressive MVP Lifestyle Balanced MVP Lifestyle Conservative MVP Lifestyle Growth MVP Lifestyle Moderate MVP (collectively, the “Lifestyle MVPs”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Fundamental Holdings Trust Core Global Diversification Trust Core Strategy Trust Franklin Txxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust (collectively, the “Lifecycle Trusts”) Lifestyle Aggressive MVP Trust Lifestyle Balanced MVP Trust Lifestyle Conservative MVP Trust Lifestyle Growth MVP Trust Lifestyle Moderate MVP Trust (collectively, the “Lifestyle MVPsTrusts”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)) ___________________

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Strategy Trust Franklin Lifecycle 2035 Trust Fxxxxxxx Txxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2010 Trust Lifecycle 2050 Trust Lifecycle 2015 Trust (collectively, the “Lifecycle Trusts”) Lifecycle 2020 Trust Lifecycle 2025 Trust Lifestyle Aggressive MVP Lifecycle 2030 Trust Lifestyle Balanced MVP Lifestyle Conservative MVP Lifestyle Growth MVP Lifestyle Moderate MVP (collectively, the “Lifestyle MVPs”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)) ___________________

Funds of Funds. The Adviser shall serve as investment adviser for each of the Trusts named below (each a “Fund of Funds”): Core Fundamental Holdings Trust Core Global Diversification Trust Core Strategy Trust Franklin Txxxxxxxx Founding Allocation Trust Lifecycle 2010 Trust Lifecycle 2015 Trust Lifecycle 2020 Trust Lifecycle 2025 Trust Lifecycle 2030 Trust Lifecycle 2035 Trust Lifecycle 2040 Trust Lifecycle 2045 Trust Lifecycle 2050 Trust (collectively, the “Lifecycle Trusts”) Lifestyle Aggressive MVP Trust Lifestyle Balanced MVP Trust Lifestyle Conservative MVP Trust Lifestyle Growth MVP Trust Lifestyle Moderate MVP Trust (collectively, the “Lifestyle MVPsTrusts”) Lifestyle Aggressive PS Series Lifestyle Balanced PS Series Lifestyle Conservative PS Series Lifestyle Growth PS Series Lifestyle Moderate PS Series (collectively, the “Lifestyle PS Series”)) ___________________