TREAT EVERY MILESTONE LIKE A STEPPING STONE Because successful investing begins with ambition. Achievement only comes when you reach for it. That's why we search the globe for the companies continually pushing towards the next success. For 70 years, we've empowered ambitious investors to embrace opportunity. Discover more at franklintempleton.com/reachforbetter All investments involve risks, including possible loss of principal. Investors should carefully consider a fund's investment goals, risks, charges and expenses before investing. To obtain a Franklin Templeton fund summary prospectus and/or prospectus that contains this and other information, call 1-800-342-5236. Investors should read the prospectus carefully before investing. © 2017 Franklin Templeton Distributors, Inc. All rights reserved.http://www.franklintempleton.com/reachforbetter