Common use of TRANSACTION CHARGES Clause in Contracts

TRANSACTION CHARGES. A charge will be charged for each transaction recorded on the shareholder accounting system, including, but not limited to, the following transactions: · Share purchases; · Share redemptions; · Fund liquidations; · Dividends; · Wire order purchases and redemptions (placement and confirmations); · Exchanges; · Account maintenance such as address changes; · Transfers; and · Account opening. For transactions within the 529 portfolios, FTIS will allocate the transaction fee on a pro-rata basis to the underlying Funds based on the 529 portfolio's holdings in such Funds. 1The proposed transfer agent fee schedule is not intended to apply to the funds within Franklin Xxxxxxxxx Variable Insurance Products Trust, Franklin Floating Rate Master Trust, The Money Market Portfolios or Institutional Fiduciary Trust or the Franklin Emerging Market Core Equity (IU) Fund, Franklin International Core Equity (IU) Fund and the Franklin U.S. Core Equity (IU) Fund of Franklin Fund Allocator Series that do not currently pay transfer agent fees. Such funds will continue to be charged no transfer agency fees as is currently the case under their current transfer agent fee schedules, although they will continue to reimburse out-of-pocket expenses. SCHEDULE B

TRANSACTION CHARGES. A charge will be charged for each transaction recorded on the shareholder accounting system, including, but not limited to, the following transactions: · Share purchases; · Share redemptions; · Fund liquidations; · Dividends; · Wire order purchases and redemptions (placement and confirmations); · Exchanges; · Account maintenance such as address changes; · Transfers; and · Account opening. For transactions within the 529 portfolios, FTIS will allocate the transaction fee on a pro-rata basis to the underlying Funds based on the 529 portfolio's holdings in such Funds. 1The 1 The proposed transfer agent fee schedule is not intended to apply to the funds within Franklin Xxxxxxxxx Variable Insurance Products Trust, Franklin Floating Rate Master Trust, The Money Market Portfolios or Institutional Fiduciary Trust or the Franklin Emerging Market Core Equity (IU) Fund, Franklin International Core Equity (IU) Fund and the Franklin U.S. Core Equity (IU) Fund of Franklin Fund Allocator Series that do not currently pay transfer agent fees. Such funds will continue to be charged no transfer agency fees as is currently the case under their current transfer agent fee schedules, although they will continue to reimburse out-of-pocket expenses. SCHEDULE B

TRANSACTION CHARGES. A charge will be charged for each transaction recorded on the shareholder accounting system, including, but not limited to, the following transactions: · Share purchases; · Share redemptions; · Fund liquidations; · Dividends; · Wire order purchases and redemptions (placement and confirmations); · Exchanges; · Account maintenance such as address changes; · Transfers; and · Account opening. For transactions within the 529 portfolios, FTIS will allocate the transaction fee on a pro-rata basis to the underlying Funds based on the 529 portfolio's holdings in such Funds. 1The The proposed transfer agent fee schedule is not intended to apply to the funds within Franklin Xxxxxxxxx Variable Insurance Products Trust, Franklin Floating Rate Master Trust, The Money Market Portfolios or Institutional Fiduciary Trust or the Franklin Emerging Market Core Equity (IU) Fund, Franklin International Core Equity (IU) Fund and the Franklin U.S. Core Equity (IU) Fund of Franklin Fund Allocator Series that do not currently pay transfer agent fees. Such funds will continue to be charged no transfer agency fees as is currently the case under their current transfer agent fee schedules, although they will continue to reimburse out-of-pocket expenses. SCHEDULE B