EXHIBIT 21
FRANKLIN RESOURCES, INC.
LIST OF SUBSIDIARIES*
(as of September 30, 2024)
| | | | | | | | |
| Name** | | State or Jurisdiction of Incorporation or Organization |
| AdvisorEngine Inc. | | Delaware |
| Benji Staking, LLC | | Delaware |
| Brandywine Global Investment Management (Europe) Limited | | United Kingdom |
| Clarion Partners (Deutschland) Europe GmbH | | Germany |
| Clarion Partners EMEA Limited | | United Kingdom |
| Clarion Partners Europe Limited | | Jersey |
| Clarion Partners Europe (UK) Limited | | United Kingdom |
| Clarion Partners Holdings LLC | | Delaware |
| Clarion Partners, LLC | | New York |
| Clarion Partners Securities, LLC | | Delaware |
| Clarion REIM South America Holdings, LLC | | Delaware |
| Clarion REIM South America Invsetimentos Imobiliarios Ltda | | Brazil |
| ClearBridge Investments Limited | | Australia |
| ClearBridge Investments (North America) Pty Limited | | Australia |
| CP Industrial Management, LLC | | Delaware |
| CP Intermediate Holdco, Inc. | | Delaware |
| Fiduciary International Holding, Inc. | | New York |
| Fiduciary Trust Company International | | New York |
| Fiduciary Trust Company International of Pennsylvania | | Pennsylvania |
| Fiduciary Trust Company of Canada | | Canada |
| Fiduciary Trust International, LLC | | Delaware |
| Fiduciary Trust International of California | | California |
| Fiduciary Trust International of Delaware | | Delaware |
| Fiduciary Trust International of the South | | Florida |
| Franklin Advisers GP, LLC | | Delaware |
| Franklin Advisers, Inc. | | California |
| Franklin Advisory Services, LLC | | Delaware |
| Franklin Distributors, LLC | | Delaware |
| Franklin Holdings, LLC | | Delaware |
| Franklin Digital Lending GP, LLC | | Delaware |
| Franklin Managed Options Strategies, LLC | | Delaware |
| Franklin Mutual Advisers, LLC | | Delaware |
| Franklin SystematiQ Advisers, LLC | | Delaware |
| Franklin Templeton Alternative Investments (India) Private Limited | | India |
| Franklin Templeton Asia Pacific Alternative Limited | | Hong Kong |
| Franklin Templeton Asset Management (IFSC) Private Limited | | India |
| Franklin Templeton Asset Management (India) Private Limited | | India |
| Franklin Templeton Asset Management (Malaysia) Sdn. Bhd. | | Malaysia |
| Franklin Templeton Asset Management Mexico, S.A. de C.V., Sociedad Operadora de Fondos de Inversion | | Mexico |
| Franklin Templeton Austria GmbH | | Austria |
| | | | | | | | |
| Name** | | State or Jurisdiction of Incorporation or Organization |
| Franklin Templeton (Australia) Holdings Pty Ltd | | Australia |
| Franklin Templeton Australia Limited | | Australia |
| Franklin Templeton Blockchain Fund II GP, LLC | | Cayman Islands |
| Franklin Templeton Blockchain GP, LLC | | Delaware |
| Franklin Templeton Capital Holdings Private Limited | | Singapore |
| Franklin Templeton Chile SpA. V. | | Chile |
| Franklin Templeton Companies, LLC | | Delaware |
| Franklin Templeton Financial Company | | Kingdom of Saudi Arabia |
| Franklin Templeton Fund Adviser, LLC | | Delaware |
| Franklin Templeton Fund Management Limited | | United Kingdom |
| Franklin Templeton Global Investors Limited | | United Kingdom |
| Franklin Templeton GSC Asset Management Sdn. Bhd. | | Malaysia |
| Franklin Templeton Holding (Cayman) Ltd. | | Cayman Islands |
| Franklin Templeton Holding Limited | | Mauritius |
| Franklin Templeton International Services (India) Private Limited | | India |
| Franklin Templeton International Services S.à r.l. | | Luxembourg |
| Franklin Templeton Investímentos (Brasil) Ltda. | | Brazil |
| Franklin Templeton Investment Advisors Korea Co., Ltd. | | South Korea |
| Franklin Templeton Investment Management Limited | | United Kingdom |
| Franklin Templeton Investment Services Mexico S. de R.L. | | Mexico |
| Franklin Templeton Investments (Asia) Limited | | Hong Kong |
| Franklin Templeton Investments Australia Limited | | Australia |
| Franklin Templeton Investments Corp. | | Canada |
| Franklin Templeton Investments (ME) Limited | | U.A.E. |
| Franklin Templeton Investments Poland sp. z o.o. | | Poland |
| Franklin Templeton Investments South Africa (Pty) Ltd | | South Africa |
| Franklin Templeton Investor Services, LLC | | Delaware |
| Franklin Templeton Luxembourg S.A. | | Luxembourg |
| Franklin Templeton Magyarorszag Kft. | | Hungary |
| Franklin Templeton Overseas Investment Fund Management (Shanghai) Co., Limited | | China |
| Franklin Templeton Private Fund Management (Shanghai) Co., Limited | | China |
| Franklin Templeton Private Portfolio Group, LLC | | Delaware |
| Franklin Templeton Services, LLC | | Delaware |
| Franklin Templeton Services (India) Private Limited | | India |
| Franklin Templeton Servicios de Consultoría México, S. de R.L. de C.V. | | Mexico |
| Franklin Templeton Slovakia, s.r.o. | | Slovakia |
| Franklin Templeton Social Infrastructure GP, S.à r.l. | | Luxembourg |
| Franklin Templeton Strategic Investments Ltd. | | Cayman Islands |
| Franklin Templeton Switzerland Ltd. | | Switzerland |
| Franklin Templeton Trustee Services Private Limited | | India |
| Franklin Templeton Turkey Advisory Services A.S. | | Turkey |
| Franklin Templeton UK Property Limited | | United Kingdom |
| Franklin Templeton Uruguay S.A. | | Uruguay |
| Franklin Venture Partners, LLC | | Delaware |
| Franklin Venture Partners (Talos Cayman GP), LLC | | Delaware |
| | | | | | | | |
| Name** | | State or Jurisdiction of Incorporation or Organization |
| FT FinTech Holdings, LLC | | Delaware |
| FTC Investor Services Inc. | | Canada |
| FTCI (Cayman) Ltd. | | Cayman Islands |
| Goldberry Wealth GmbH | | Germany |
| Legg Mason Australia Holdings Pty Limited | | Australia |
| Legg Mason (Chile) Inversiones Holdings Limitada | | Chile |
| Legg Mason & Co (UK) Limited | | United Kingdom |
| Legg Mason & Co., LLC | | Maryland |
| Legg Mason Holding (Switzerland) GmbH | | Switzerland |
| Legg Mason, Inc. | | Maryland |
| Legg Mason Investments (Europe) Limited | | United Kingdom |
| Legg Mason Investments (Switzerland) GmbH | | Switzerland |
| Legg Mason Royce Holdings, LLC | | Delaware |
| Lexington Partners L.P. | | Delaware |
| LM (BVI) Limited | | British Virgin Islands |
| LM Holdings 2 Limited | | United Kingdom |
| LM International Holding LP | | Cayman Islands |
| Onsa Inc. | | Delaware |
| O’Shaughnessy Asset Management, L.L.C. | | Delaware |
| Putnam Advisory Holdings II, LLC | | Delaware |
| Putnam Advisory Holdings, LLC | | Delaware |
| Putnam Capital, L.L.C. | | Delaware |
| Putnam Fiduciary Trust Company, LLC | | New Hampshire |
| Putnam International Distributors, Ltd. | | Cayman Islands |
| Putnam Investment Holdings, LLC | | Delaware |
| Putnam Investment Management, LLC | | Delaware |
| Putnam Investments Australia Pty Limited | | Australia |
| Putnam Investments Canada ULC | | Canada |
| Putnam Investments Japan Co., Ltd | | Japan |
| Putnam Investments Limited | | United Kingdom |
| Putnam Investor Services, Inc. | | Massachusetts |
| Putnam U.S. Holdings I, LLC | | Delaware |
| Random Forest Capital, LLC | | California |
| Royce & Associates GP, LLC | | Delaware |
| Royce & Associates, LP | | Delaware |
| Royce Fund Services, LLC | | New York |
| Savings Investments, LLC | | Delaware |
| Templeton Asset Management Ltd. | | Singapore |
| Templeton Asset Management (Poland) TFI S.A. | | Poland |
| Templeton do Brasil Ltda. | | Brazil |
| Templeton Global Advisors Limited | | The Bahamas |
| Templeton Global Holdings Ltd. | | The Bahamas |
| Templeton Hana Asset Management Co., Ltd. | | South Korea |
| Templeton International, Inc. | | Delaware |
| | | | | | | | |
| Name** | | State or Jurisdiction of Incorporation or Organization |
| Templeton Investment Counsel, LLC | | Delaware |
| Templeton Restructured Investments, L.L.C. | | Delaware |
| Templeton Restructured Investments III, Ltd. | | Cayman Islands |
| Templeton Restructured Investments IV, Ltd. | | Cayman Islands |
| Templeton Turkey Fund GP Ltd. | | Cayman Islands |
| Templeton Worldwide, Inc. | | Delaware |
| The Putnam Advisory Company, LLC | | Delaware |
| TSEMF III (Jersey) Limited | | Jersey (Channel Islands) |
| TSEMF IV (Jersey) Limited | | Jersey (Channel Islands) |
| Western Asset Management (Brazil) Holdings Limitada | | Brazil |
| Western Asset Management (Cayman) Holdings Limited | | Cayman Islands |
| Western Asset Management Company Distribuidora de Titulos e Valores Mobiliarios Limitada | | Brazil |
| Western Asset Management Company Limited | | United Kingdom |
| Western Asset Management Company, LLC | | California |
| Western Asset Management Company Pte. Ltd. | | Singapore |
| Western Asset Management Company Pty Ltd | | Australia |
| 37 Capital Bluescale General Partner, LLC | | Delaware |
| 37 Capital General Partner, LLC | | Delaware |
| 37 Capital Private Mortgage II General Partner, LLC | | Delaware |
| 37 Capital Structured Credit General Partner, LLC | | Delaware |
________________
* Certain subsidiaries have been omitted because, when considered in the aggregate, they do not constitute a significant subsidiary.
** Our subsidiaries currently do business principally under their respective corporate names except as follows:
•some of our subsidiaries may use the names Franklin Templeton, Franklin Templeton International and Templeton Worldwide;
•Fiduciary Trust Company of Canada may use the names Fiduciary Trust Canada and Franklin Templeton Multi-Asset Solutions in various Canadian jurisdictions;
•Franklin Templeton Investments Corp. may use the names Franklin Templeton Canada, Franklin Templeton Investments Canada, Franklin Bissett Investment Management, Franklin Templeton Investments and Franklin Templeton Institutional in various Canadian jurisdictions;
•Legg Mason, Inc. may use the name Legg Mason Global Asset Management; and
•Royce & Associates, LP may use the name Royce Investment Partners.
