FIFTH AMENDMENT TO FUND SERVICES AGREEMENT

This fifth Amendment (“Amendment”) to the FUND SERVICES AGREEMENT, dated January 22, 2020, among XXXXXXXX XXXXXXXXX SERVICES, LLC (the “Customer”) and JPMORGAN CHASE BANK, N.A. (“X.X. Xxxxxx”), as amended from time to time (the “Agreement”), between the Customer and X.X. Xxxxxx is made and entered into as of June 10, 2022, and shall be effective as of the relevant effective dates set forth below and in Annex I hereto.

W I T N E S S E T H:

WHEREAS, the Customer and X.X. Xxxxxx entered into the Agreement;

WHEREAS, the Customer wants to update the list of Funds (as set forth in Annex I to the Agreement) to which X.X. Xxxxxx shall provide fund administration services under the terms and conditions set forth in the Agreement, to:

(a) include the following new funds as of June 16, 2022:

Franklin Conservative Allocation Age 7 - 8 Years 529 Portfolio

Franklin Conservative Allocation Age 18 Years 529 Portfolio

Xxxxxxxx Moderate Allocation Age 7 - 8 Years 529 Portfolio

Xxxxxxxx Moderate Allocation Age 18 Years 529 Portfolio

Franklin Growth Allocation Age 7 - 8 Years 529 Portfolio

Franklin Growth Allocation Age 18 Years 529 Portfolio

Franklin Conservative Allocation 529 Portfolio

Franklin Conservative Growth Allocation 529 Portfolio

Xxxxxxxx Moderate Allocation 529 Portfolio

Xxxxxxxx Moderate Growth Allocation 529 Portfolio

Franklin Aggressive Growth Allocation 529 Portfolio

Franklin DynaTech 529 Portfolio

ClearBridge Large Cap Value 529 Portfolio

ClearBridge International Growth 529 Portfolio

BrandywineGLOBAL - Global Opportunities 529 Portfolio

Western Asset Short Term Bond 529 Portfolio

Western Asset Core Plus Bond 529 Portfolio

Xxxxxx Xxxxxx International Sustainable Equity 529 Portfolio

Xxxxx 529 Portfolio

ClearBridge Sustainability Leaders 529 Portfolio; and

(b) remove the following Funds as of November 19, 2021:

FTFT-Franklin Florida Tax-Free Income Fund

FTFT-Franklin Kentucky Tax-Free Income Fund

FMST-Franklin Tennessee Municipal Bond Fund

Franklin Income Allocation 529 Portfolio (effective as of 6/17/22)

Franklin Growth and Income Allocation 529 Portfolio (effective as of 06/21/22)

Xxxxxxxx Founding Funds 529 Portfolio (effective as of 06/17/2022)

Franklin Corefolio 529 Portfolio (effective as of 06/22/22)

Franklin Mutual Shares 529 Portfolio (effective as of 06/21/22)

Xxxxxxxxx Growth 529 Portfolio (effective as of 06/17/2022)

Franklin Mutual Global Discovery 529 Portfolio (effective as of 06/22/2022)

Xxxxxxxxx Global Bond 529 Portfolio; (effective as of 06/21/22) and

(d) rename certain funds, pursuant to Annex I hereto and further update the list of funds.

WHEREAS, X.X. Xxxxxx agrees to update Xxxxx X as set forth in this Amendment.

NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereby agree as follows:

1. Definitions. Unless otherwise defined herein, defined terms used in this Amendment shall have the meaning ascribed to such terms in the Agreement.

2. Amendments. The Agreement shall be amended as follows:

(A) Annex I of the Agreement is hereby amended and restated in its entirety by Xxxxx X hereto.

(B) Save as amended by this Amendment, the Agreement shall remain in full force and effect.

3. Representations. Each party represents to the other parties that all representations contained in the Agreement are true and accurate as of the date of this Amendment, and that such representations are deemed to be given or repeated by each party, as the case may be, on the date of this Amendment.

4. Entire Agreement. This Amendment, prior amendments, and the Agreement and any documents referred to in each of them, constitutes the whole agreement between the parties relating to their subject matter and supersedes and extinguishes any other drafts, agreements, undertakings, representations, warranties and arrangements of any nature, whether in writing or oral, relating to such subject matter. If any of the provisions of this Amendment are inconsistent with or in conflict with any of the provisions of the Agreement then, to the extent of any such inconsistency or conflict, the provisions of this Amendment shall prevail as between the parties.

5. Counterparts. This Amendment may be executed in any number of counterparts which together shall constitute one agreement. Each party hereto may enter into this Amendment by executing a counterpart and this Amendment shall not take effect until it has been executed by both parties.

6. Law and Jurisdiction. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

[ Signature Page Follows ]

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.

XXXXXXXX XXXXXXXXX SERVICES, LLC

By:/s/ Xxxxxxx X. Xxxxxx

Name: Xxxxxxx X. Xxxxxx

Xxxxx: Vice President

JPMORGAN CHASE BANK, N.A.

By:_/s/ Xxxxxx Xxxxxxxxxxxxxx

Name: Xxxxxx Xxxxxxxxxxxxxx

Xxxxx: Vice President

ANNEX I

“ANNEX I TO THE FUND SERVICES AGREEMENT”

List of Funds


Name	Entity Type	Jurisdiction
Franklin Xxxxxxxxx US Government Securities II Ltd		Bermuda
Xxxxxxxxx Growth Fund II Limited		Cayman
Xxxxxxxxx China Opportunities Fund, Ltd		Cayman
Franklin USD Diversified Bond Fund III		Cayman
Xxxxxxxxx Global Smaller Companies Fund		U.S.A.
TF-Xxxxxxxxx World Fund		U.S.A.
TF-Xxxxxxxxx Foreign Fund		U.S.A.
TIT-Xxxxxxxxx Global Bond Fund		U.S.A.
Xxxxxxxxx Growth Fund, Inc.		U.S.A.
Xxxxxxxxx Emerging Markets Fund		U.S.A.
Xxxxxxxxx Global Income Fund		U.S.A.
TIF-International Equity Series		U.S.A.
FTVIPT-Templeton Developing Markets VIP Fund		U.S.A.
FMSF-Franklin Mutual Beacon Fund		U.S.A.
FMSF-Franklin Mutual Global Discovery Fund		U.S.A.
FMSF-Franklin Mutual European Fund		U.S.A.
FMSF-Franklin Mutual Quest Fund		U.S.A.
FMSF-Franklin Mutual Shares Fund		U.S.A.
Xxxxxxxxx Developing Markets Trust		U.S.A.
FTVIPT-Xxxxxxxxx Foreign VIP Fund		U.S.A.
Xxxxxxxxx Emerging Markets Income Fund		U.S.A.
Xxxxxxxxx Dragon Fund, Inc.		U.S.A.
FMSF-Franklin Mutual Financial Services Fund		U.S.A.
Franklin Universal Trust		U.S.A.
FFRMT-Franklin Floating Rate Master Series		U.S.A.


FCF-Franklin U.S. Government Securities Fund		U.S.A.
FVIT-Franklin Mutual U.S. Value Fund		U.S.A.
FCTFT-Franklin California Intermediate-Term Tax-Free Income		U.S.A.
FNYTFT-Franklin New York Intermediate-Term Tax-Free Income F		U.S.A.
Franklin Strategic Mortgage Portfolio		U.S.A.
FTFT-Franklin Federal Intermediate-Term Tax-Free Income Fund		U.S.A.
FMST-Franklin California High Yield Municipal Fund		U.S.A.
TMMP-The U.S. Government Money Market Portfolio		U.S.A.
FVIT-Franklin Microcap Value Fund		U.S.A.
XXXXX-Xxxxxxxx Real Estate Securities Fund		U.S.A.
FSS-Franklin Strategic Income Fund		U.S.A.
FSS-Franklin Small-Mid Cap Growth Fund		U.S.A.
FVIT-Franklin Small Cap Value Fund		U.S.A.
TGIT-Xxxxxxxxx Global Balanced Fund		U.S.A.
Franklin Gold And Precious Metals Fund		U.S.A.
FHIT-Franklin High Income Fund		U.S.A.
FCF-Franklin Growth Fund		U.S.A.
FCF-Franklin Utilities Fund		U.S.A.
FCF-Franklin DynaTech Fund		U.S.A.
FCF-Franklin Income Fund		U.S.A.
FUSGMF-Xxxxxxxx U.S. Government Money Fund		U.S.A.
Franklin California Tax-Free Income Fund		U.S.A.
Franklin New York Tax-Free Income Fund		U.S.A.
Franklin Federal Tax-Free Income Fund		U.S.A.
FTFT-Franklin Massachusetts Tax-Free Income Fund		U.S.A.
FTFT-Franklin Michigan Tax-Free Income Fund		U.S.A.
FTFT-Franklin Minnesota Tax-Free Income Fund		U.S.A.
FTFT-Franklin Ohio Tax-Free Income Fund		U.S.A.
FTFT-Franklin Colorado Tax-Free Income Fund		U.S.A.
FTFT-Franklin Georgia Tax-Free Income Fund		U.S.A.


FTFT-Franklin Pennsylvania Tax-Free Income Fund		U.S.A.
FTFT-Franklin High Yield Tax-Free Income Fund		U.S.A.
FIST-Franklin Convertible Securities Fund		U.S.A.
FIST-Franklin Adjustable U.S. Government Securities Fund		U.S.A.
FIST-Franklin Equity Income Fund		U.S.A.
IFT-Money Market Portfolio		U.S.A.
FTFT-Franklin Federal Limited-Term Tax-Free Fund		U.S.A.
FMT-Franklin Rising Dividends Fund		U.S.A.
FTFT-Franklin Missouri Tax-Free Income Fund		U.S.A.
FTFT-Franklin Oregon Tax-Free Income Fund		U.S.A.
FTFT-Franklin Virginia Tax-Free Income Fund		U.S.A.
FTFT-Franklin Alabama Tax-Free Income Fund		U.S.A.
TGIT-Xxxxxxxxx Emerging Markets Small Cap Fund		U.S.A.
FSS-Franklin Biotechnology Discovery Fund		U.S.A.
FSS-Franklin Natural Resources Fund		U.S.A.
FTVIPT-Franklin Flex Cap Growth VIP Fund		U.S.A.
FIST-Franklin Floating Rate Daily Access Fund		U.S.A.
FGT-Franklin Emerging Market Debt Opportunities Fund		U.S.A.
TIF-Foreign Smaller Companies Series		U.S.A.
FIST-Franklin Managed Income Fund		U.S.A.
FGT-Franklin International Small Cap Fund		U.S.A.
FIST-Franklin Total Return Fund		U.S.A.
FSS-Franklin Growth Opportunities Fund		U.S.A.
FTFT-Franklin Arizona Tax-Free Income Fund		U.S.A.
FSS-Franklin Small Cap Growth Fund		U.S.A.
FTFT-Franklin Connecticut Tax-Free Income Fund		U.S.A.
FTFT-Franklin Louisiana Tax-Free Income Fund		U.S.A.
Franklin Limited Duration Income Trust		U.S.A.
Xxxxxxxxx China World Fund		U.S.A.
FTFT-Franklin Maryland Tax-Free Income Fund		U.S.A.


FTFT-Franklin North Carolina Tax-Free Income Fund		U.S.A.
FTFT-Franklin New Jersey Tax-Free Income Fund		U.S.A.
FTVIPT-Franklin Growth and Income VIP Fund		U.S.A.
FTVIPT-Franklin Global Real Estate VIP Fund		U.S.A.
FTVIPT-Xxxxxxxxx Global Bond VIP Fund		U.S.A.
FTVIPT-Franklin Income VIP Fund		U.S.A.
FTVIPT-Franklin U.S. Government Securities VIP Fund		U.S.A.
FTVIPT-Franklin Rising Dividends VIP Fund		U.S.A.
FTVIPT-Xxxxxxxxx Growth VIP Fund		U.S.A.
FTVIPT-Franklin Small-Mid Cap Growth VIP Fund		U.S.A.
FTVIPT-Franklin Large Cap Growth VIP Fund		U.S.A.
FTVIPT-Franklin Mutual Global Discovery VIP Fund		U.S.A.
FTVIPT-Franklin Mutual Shares VIP Fund		U.S.A.
FTVIPT-Franklin Small Cap Value VIP Fund		U.S.A.
FTVIPT-Franklin Strategic Income VIP Fund		U.S.A.
FIST-Franklin Real Return Fund		U.S.A.
FIST-Franklin Low Duration Total Return Fund		U.S.A.
FSS-Franklin Select U.S. Equity Fund		U.S.A.
TIF-Global Equity Series		U.S.A.
FGT-Franklin International Growth Fund		U.S.A.
TGIT-Templeton Frontier Markets Fund		U.S.A.
TIT-Xxxxxxxxx Global Total Return Fund		U.S.A.
FTVIPT-Franklin VolSmart Allocation VIP Fund		U.S.A.
TIT-Xxxxxxxxx Emerging Markets Bond Fund		U.S.A.
FMSF-Franklin Mutual International Fund		U.S.A.
TIT-Xxxxxxxxx International Bond Fund		U.S.A.
FFAS-Franklin Payout 2019 Fund		U.S.A.
FFAS-Franklin Payout 2020 Fund		U.S.A.
FFAS-Franklin Payout 2021 Fund		U.S.A.
FSS-Franklin Flexible Alpha Bond Fund		U.S.A.


FFRMT-Franklin Floating Rate Income Fund		U.S.A.
FCF-Franklin Focused Growth Fund		U.S.A.
FFAS-Franklin Payout 2022 Fund		U.S.A.
XX Xxxxxxxxx International - Climate Change Fund		U.S.A.
Franklin Conservative Allocation Age 9-10 Years 529 Portfolio		U.S.A.
Franklin Conservative Allocation Age 13-14 Years 529 Portfolio		U.S.A.
FFAS-Franklin LifeSmart Retirement Income Fund		U.S.A.
FFAS-Franklin LifeSmart 2025 Retirement Target Fund		U.S.A.
FFAS-Franklin LifeSmart 2035 Retirement Target Fund		U.S.A.
FTVIPT-Franklin Allocation VIP Fund		U.S.A.
FFAS-Franklin LifeSmart 2045 Retirement Target Fund		U.S.A.
FFAS-Franklin Corefolio Allocation Fund		U.S.A.
FFAS-Franklin Founding Funds Allocation Fund		U.S.A.
FFAS-Franklin Conservative Allocation Fund		U.S.A.
FFAS-Franklin Moderate Allocation Fund		U.S.A.
FFAS-Franklin Growth Allocation Fund		U.S.A.
Franklin Growth Allocation Newborn - 4 Years 529 Portfolio		U.S.A.
Franklin Growth 529 Portfolio		U.S.A.
Franklin Income 529 Portfolio		U.S.A.
Franklin Small Mid Cap Growth 529 Portfolio		U.S.A.
Franklin Growth Allocation 529 Portfolio		U.S.A.
Franklin U.S. Large Cap Index 529 Portfolio (f/k/a S&P 500 Index 529 Portfolio)**		U.S.A.
Franklin Conservative Allocation Newborn-4 Years 529 Portfolio		U.S.A.
Xxxxxxxx Moderate Allocation Newborn-4 Years 529 Portfolio		U.S.A.
Xxxxxxxx Moderate Allocation Age 9-10 Years 529 Portfolio		U.S.A.
Xxxxxxxx Moderate Allocation Age 17 Years 529 Portfolio (f/k/a Franklin Moderate Allocation Age 17-18 Years 529 Portfolio)***		U.S.A.
FFAS-Franklin LifeSmart 2030 Retirement Target Fund		U.S.A.
FFAS-Franklin LifeSmart 2050 Retirement Target Fund		U.S.A.
FFAS-Franklin LifeSmart 2040 Retirement Target Fund		U.S.A.
FFAS-Franklin LifeSmart 2020 Retirement Target Fund		U.S.A.


FFAS-Franklin NextStep Conservative Fund		U.S.A.
FFAS-Franklin NextStep Moderate Fund		U.S.A.
FFAS-Franklin NextStep Growth Fund		U.S.A.
FFAS-Franklin LifeSmart 2055 Retirement Target Fund		U.S.A.
NJ Best Trust A		U.S.A.
NJ Best Trust B		U.S.A.
NJ Best Trust C		U.S.A.
NJ Best Trust D		U.S.A.
NJ Best Trust E		U.S.A.
NJ Better Educational Saving Trust		U.S.A.
NJ Best Pooled Equity		U.S.A.
Franklin Growth Allocation Age 9 - 10 Years 529 Portfolio		U.S.A.
Franklin Growth Allocation Age 13 - 14 Years 529 Portfolio		U.S.A.
Franklin Growth Allocation Age 17 Years 529 Portfolio (f/k/a Franklin Growth Allocation Age 17-18 Years 529 Portfolio)***		U.S.A.
Franklin Conservative Allocation Age 17 Years 529 Portfolio (f/k/a Franklin Conservative Allocation Age 17-18 Years 529 Portfolio)***		U.S.A.
Xxxxxxxx Moderate Allocation Age 13-14 Years 529 Portfolio		U.S.A.
Xxxxxxxx X.X. Government Money 529 Portfolio		U.S.A.
FT Holdings Corporations III		U.S.A.
FT Holdings Corporations IV		U.S.A.
FT Holdings Corporations I		U.S.A.
FT Holdings Corporations II		U.S.A.
Franklin Conservative Allocation Age 5 - 6 Years 529 Portfolio (f/k/a Franklin Conservative Allocation Age 5 - 8 Years 529 Portfolio)***		U.S.A.
Franklin Conservative Allocation Age 11 - 12 Years 529 Portfolio		U.S.A.
Franklin Conservative Allocation Age 15 - 16 Years 529 Portfolio		U.S.A.
Franklin Conservative Allocation Age 19+ Years 529 Portfolio		U.S.A.
Xxxxxxxx Moderate Allocation Age 5 - 6 Years 529 Portfolio (f/k/a Franklin Moderate Allocation Age 5 - 8 Years 529 Portfolio)***		U.S.A.
Xxxxxxxx Moderate Allocation Age 11 - 12 Years 529 Portfolio		U.S.A.
Xxxxxxxx Moderate Allocation Age 15 - 16 Years 529 Portfolio		U.S.A.
Xxxxxxxx Moderate Allocation Age 19+ Years 529 Portfolio		U.S.A.
Franklin Growth Allocation Age 5 - 6 Years 529 Portfolio (f/k/a Franklin Growth Allocation Age 5 - 8 Years 529 Portfolio)***		U.S.A.


Franklin Growth Allocation Age 11 - 12 Years 529 Portfolio		U.S.A.
Franklin Growth Allocation Age 15 - 16 Years 529 Portfolio		U.S.A.
Franklin Growth Allocation Age 19+ Years 529 Portfolio		U.S.A.
FSS-Franklin Xxxxxxxxx SMACS Series CH		U.S.A.
FSS-Franklin Xxxxxxxxx SMACS Series H		U.S.A.
FSS-Franklin Xxxxxxxxx SMACS Series E		U.S.A.
FSS-Franklin Xxxxxxxxx SMACS Series I		U.S.A.
Franklin USD Diversified Bond IV 2024 Fund A (Qdis) USD		Cayman
Xxxxxxxx U.S. Core Equity (IU) Fund		U.S.A.
Franklin International Core Equity (IU) Fund		U.S.A.
Franklin Emerging Markets Core Equity (UI) Fund		U.S.A.
Xxxxxxxx USD Diversified Bond VI 2024 SP		Cayman
FTFT-Franklin Municipal Green Bond Fund		U.S.A.
Franklin USD Diversified Fixed Tenure Bond SP		Cayman
Franklin USD Diversified Bond VII 2024 SP		Cayman
Franklin Equity Portfolio Fund, a series of Franklin ETF Trust		U.S.A.
Franklin Fixed Income Portfolio Fund, a series of Franklin ETF Trust		U.S.A.
Xxxxxxxx USD Diversified Fixed Tenure Bond Series II SP		Cayman
Franklin Lifesmart 2060 Retirement Target Fund		U.S.A.
Xxxxxxxx XxXxxxx U.S. Government Money Fund		U.S.A.
Xxxxxxxx Xxxxxxxxx SMACS Fund: Series EM		U.S.A.
Franklin Conservative Allocation Age 7 - 8 Years 529 Portfolio*
Franklin Conservative Allocation Age 18 Years 529 Portfolio*
Xxxxxxxx Moderate Allocation Age 7 - 8 Years 529 Portfolio*
Xxxxxxxx Moderate Allocation Age 18 Years 529 Portfolio*
Franklin Growth Allocation Age 7 - 8 Years 529 Portfolio*
Franklin Growth Allocation Age 18 Years 529 Portfolio*


Franklin Conservative Allocation 529 Portfolio*
Franklin Conservative Growth Allocation 529 Portfolio*
Xxxxxxxx Moderate Allocation 529 Portfolio*
Xxxxxxxx Moderate Growth Allocation 529 Portfolio*
Franklin Aggressive Growth Allocation 529 Portfolio*
Xxxxxxxx XxxxXxxx 529 Portfolio*
ClearBridge Large Cap Value 529 Portfolio*
ClearBridge International Growth 529 Portfolio*
BrandywineGLOBAL - Global Opportunities 529 Portfolio*
Western Asset Short Term Bond 529 Portfolio*
Western Asset Core Plus Bond 529 Portfolio*
Xxxxxx Xxxxxx International Sustainable Equity 529 Portfolio*
Xxxxx 529 Portfolio*
ClearBridge Sustainability Leaders 529 Portfolio*

*Denotes a Fund added through this Amendment.

** Name change effective as of June 24, 2022

***Name change effective as of June 16, 2022

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FIFTH AMENDMENT TO FUND SERVICES AGREEMENT

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