Stephen H. Dover, CFA

As Franklin Templeton's Chief Market Strategist and Head of the Franklin Templeton Investment Institute, Stephen Dover leverages the knowledge of the firm's
autonomous investment teams to provide global capital market and long-term investment insights internally and to clients. The Franklin Templeton Investment
Institute harnesses the depth and breadth of the firm's global investment expertise and extensive in-house research capabilities to deliver unique investment
insights to clients. Mr. Dover is a member of Franklin Resources' executive committee, a small group of the company's top leaders responsible for shaping the
firm's overall strategy.

Prior to his current role, Mr. Dover served as Executive Vice President, Head of Equities for Franklin Templeton, leading the firm's equity investment teams. He
has also served as Chief Investment Officer of the firm's Emerging Markets Equity group and local asset management teams. Previously, Mr. Dover was a
founder and chief investment officer of Bradesco Templeton Asset Management (BTAM), a joint venture between Franklin Templeton and Banco Bradesco in
Sao Paulo, Brazil.

Prior to joining Franklin Templeton in 1997, Mr. Dover was a portfolio manager with Vanguard where he co-managed an equity income strategy. He also
worked for Towers Perrin Consulting (now Willis Towers Watson) in New York, London and San Francisco.

Over the course of his 40 years in the investment industry, Mr. Dover has lived in China, Europe, Brazil and the United States. Mr. Dover holds a B.A., with
honors, from Lewis and Clark College and an M.B.A. in finance from The Wharton School of the University of Pennsylvania. He is a Chartered Financial
Analyst (CFA) charterholder. Mr. Dover is on the Board of Trustees of Lewis and Clark College and Law School.