Mr. Muschott is a vice president of Franklin Advisers, Inc. He has been with Franklin Templeton Investments since 1998. Mr. Muschott holds the Chartered Financial Analyst designation.

Eric Webster is a research analyst for Franklin Equity Group. Mr. Webster specializes in research of the housing industry, with coverage responsibilities of companies within the home building, building products, and construction materials industries as well as the Government Sponsored Enterprises (GSEs). In addition, Mr. Webster also covers waste & environmental services companies. Prior to joining Franklin Templeton Investments in 2012, Mr. Webster previously worked as an associate at LitiNomics and Charles River Associates International, where he performed economic damages and valuation analysis for clients involved in class-action securities fraud litigation, merger disputes, and intellectual property infringement cases. Mr. Webster earned a B.S. in physics and B.A. in economics from the University of California at San Diego, an M.B.A. in analytic finance and economics from the University of Chicago Booth School of Business, and is a Chartered Financial Analyst (CFA) charterholder.