Franklin Gold and Precious Metals Fund

04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:17

Prospectus by Investment Company (Form 497)

GOF-P4 04/26

SUPPLEMENT DATED APRIL 17, 2026
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A AND SCHEDULE B

1. Effective May 1, 2026, the following changes are made to the Summary Prospectus, Prospectus and SAI of the fund listed in Schedule A:

a. The following is added to the section titled "Fund Summary - Portfolio Managers" in the fund's Summary Prospectus and Prospectus:

Matthew J. Adams, CFA
Portfolio Manager of Advisers and portfolio manager of the Fund since May 2026.

b. The following is added to the section titled "Fund Details - Management" in the fund's Prospectus:

Matthew J. Adams, CFA Portfolio Manager of Advisers

Mr. Adams has been a portfolio manager of the Fund since May 2026, providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton in 2005.

c. The following is added to the table in the section titled "Management and Other Services - Portfolio managers" in the fund's SAI:

Name

Type of
Account

Number of

Accounts

Managed

Total Assets

Managed

(x $1 million)

Number of Accounts

Managed for which

Advisory Fee is

Performance-Based

Assets Managed for which

Advisory Fee is

Performance-Based

(x $1 million)

Matthew J. Adams*

Registered

Investment

Companies

1

513.7

None

None

Other Pooled

Investment

Vehicles

1

383.8

None

None

Other

Accounts

None

None

None

None

*Information is provided as of February 28, 2026.

d. The following is added to the table in the section titled "Management and Other Services - Portfolio managers - Ownership of Fund shares" in the fund's SAI:

Portfolio Manager

Dollar Range of Fund Shares Beneficially Owned

Matthew J. Adams*

None

*Information is provided as of March 31, 2026

2. Effective September 30, 2026, the following supersedes any and all disclosure to the contrary in the Summary Prospectus, Prospectus and SAI of the fund listed in Schedule A:

The portfolio managers primarily responsible for the day-to-day management of Franklin Gold and Precious Metals Fund are Stephen M. Land, CFA (lead portfolio manager) and Matthew J. Adams, CFA (portfolio manager).

3. Effective September 30, 2026, the following supersedes any and all disclosure to the contrary in the Summary Prospectus, Prospectus and SAI of the fund listed in Schedule B:

The portfolio managers primarily responsible for the day-to-day management of Franklin Natural Resources Fund are Stephen M. Land, CFA and Matthew J. Adams, CFA.

SCHEDULE A

Fund

Date of Summary Prospectus, Prospectus and SAI

FRANKLIN GOLD AND PRECIOUS METALS FUND

Franklin Gold And Precious Metals Fund

December 1, 2025

SCHEDULE B

Fund

Date of Summary Prospectus, Prospectus and SAI

FRANKLIN STRATEGIC SERIES

Franklin Natural Resources Fund

September 1, 2025

Please retain this supplement for future reference.

Franklin Gold and Precious Metals Fund published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 13:17 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]