Michael Hasenstab, Ph.D., has been a lead portfolio manager of Franklin Templeton which he first joined in 1995, rejoining again in 2001 after a three-year leave to obtain his Ph.D.. He was EVP and CIO for Templeton Global Macro, responsible for global macroeconomic and country-specific analysis, and interest rate, currency and sovereign credit market outlooks. He is an economic advisor to the CEO of Franklin Resources, Inc., providing perspective and insight through the lens of Templeton Global Macro.Dr. Hasenstab holds a Ph.D. in economics at Australian National University.

Mr. Grant joined Franklin Templeton in 2020. Prior to joining Franklin Templeton, Mr. Grant was a senior equity analyst at Sterling Capital.

Calvin Ho, Ph.D., is a senior vice president and director of research for Templeton Global Macro. Dr. Ho also serves as a portfolio manager for a number of funds, including Templeton Global Bond Fund, Templeton Global Total Return Fund and Templeton Emerging Market Bond Fund. Dr. Ho joined Franklin Templeton Investments in 2005 after obtaining his Ph.D. at UC Berkeley. He has been a core part of the Templeton Global Macro team since 2005, working closely with Dr. Michael Hasenstab as a lead research analyst. Dr. Ho holds both B.A. and Ph.D. in economics from University of California, Berkeley.

Michael Sheehan is a VP Sr. trader for Templeton Global Macro, responsible for derivatives trading and strategy across global asset markets. Mr. Sheehan joined Franklin Templeton in 2018, previously having traded at BlackRock and Bank of America/Merrill Lynch. He holds a B.S. in computer science from the University of Notre Dame.

Mr. Rane has been a portfolio manager of the Fund since January 2026. He joined Franklin Templeton in 2022. Prior to joining Franklin Templeton, Mr. Rane was a portfolio manager and analyst with a number of hedge funds including Millennium Partners, Balyasny Asset Management, and Sandler Capital Management.