Peter A. Palleija

Peter A. Palleija is a Senior Compliance Manager within the Global Compliance Department. Mr. Palleija joined Franklin Templeton Investments in May 1996 and was named Senior Manager - Compliance in January 2006. As Senior Manager, he is responsible for ensuring that Franklin Templeton Services, LLC ("the Fund Administrator") is in compliance with SEC rules and regulations and reviewing compliance related issues and questions from the Fund Administrator's business units. In October 2013, he was registered as a Compliance Officer with Templeton Global Advisors Limited to carry on securities activities in and from the Commonwealth of The Bahamas.

Prior to being Senior Manager, Mr. Palleija was Manager of Portfolio Compliance (May 2004 - December 2005) reviewing portfolio holdings against investment guidelines and restrictions of the Templeton advised accounts. In addition, he was Supervisor of Regulatory Audits (October 2001 - May 2004) reviewing the U.S. investment advisers' policies and procedures. Before joining the Global Compliance Department, he gained experience in the Fund Accounting Department as a Fund Accountant (1996 - 1998). Prior to joining Franklin Templeton Investments, he was a Senior Tax Analyst developing estate and trust plans of division for Northern Trust Bank (1993 - 1996).

Mr. Palleija received a Bachelor in Business Administration with honors from Florida International University and a Certificate of Specialization in Financial Planning from Nova Southeastern University. He is a member of the Association of Certified Anti-Money Laundering Specialists (ACAMS) and has satisfied the qualifying requirements for the Certified Anti-Money Laundering Specialist (CAMS) designation.