The updates are:Fee Reduction – Franklin Innovation FundThe actively managed five–star Franklin Innovation Fund combines a strong rating with a cost structure that is among the most competitive in its peer group.1 Effective March 1, 2026, the management fees and administration fees for Franklin Innovation Fund will be reduced for each  series, which are detailed in the table below.Proposed Investment Objective Changes – Franklin Quotential Balanced Growth Portfolio, Franklin Quotential Balanced Income Portf ...