SUBADVISORY AGREEMENTSubadvisory Agreement • November 24th, 2025 • Putnam Target Date Funds
Contract Type FiledNovember 24th, 2025 CompanyTHIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of November 1, 2024 by and between FRANKLIN ADVISERS, INC., a corporation organized and existing under the laws of the State of California (hereinafter called “FAV”), and FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED (“FTIML”), a corporation existing under the laws of the United Kingdom.
SUBADVISORY AGREEMENTSubadvisory Agreement • November 24th, 2025 • Putnam Tax Free Income Trust
Contract Type FiledNovember 24th, 2025 CompanyTHIS SUBADVISORY AGREEMENT (the “Agreement”) is made as of November 1, 2024 by and between FRANKLIN ADVISERS, INC., a corporation organized and existing under the laws of the State of California (hereinafter called “FAV”), and FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED (“FTIML”), a corporation existing under the laws of the United Kingdom.