A NEW IDEA TO IMPROVE DC PLANS: THE RETIREMENT TIER Every day, your participants move closer to retirement. As they do, their needs change. It's a challenge that calls for new thinking: a fl exible approach to enhancing your DC plan with more tools, communications, and income solutions for near retirees. Meet the Retirement Tier at www.franklintempleton.com/newidea 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. © 2018 Franklin Templeton Distributors, Inc. All rights reserved.http://www.franklintempleton.com/newidea