SCHEDULE: Franklin Resources Amends Schedule 13G, Disclosing 0.02% Stake in Franklin Lexington Private Markets Fund

Franklin Resources, Inc. has filed an amended Schedule 13G, reporting beneficial ownership of 4,000 Class I Shares, representing 0.02% of Franklin Lexington Private Markets Fund.

Summary

• Franklin Resources, Inc. beneficially owns 4,000 Class I Shares of Franklin Lexington Private Markets Fund.
• This ownership constitutes 0.02% of the total Class I Shares outstanding.
• Franklin Resources, Inc. holds sole voting power and sole dispositive power over these 4,000 shares.
• Charles B. Johnson and Rupert H. Johnson, Jr. are also listed as reporting persons but report 0 shares beneficially owned in this specific fund.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previous ownership disclosure.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine Schedule 13G amendment reporting beneficial ownership, which is a factual disclosure and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
• The Principal Shareholders disclaim any pecuniary interest in any of such securities.
• FRI and the Principal Shareholders believe that they are not a 'group' within the meaning of Rule 13d-5 under the Act and that they are not otherwise required to attribute to each other the beneficial ownership of the securities held by any of them.

Industry Context

This filing is a routine disclosure of beneficial ownership by an institutional investor, Franklin Resources, Inc., in a private markets fund. Such disclosures are standard practice in the asset management industry to ensure transparency regarding significant ownership stakes, particularly for publicly traded entities or funds with public share classes.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership structure of Class I Shares in Franklin Lexington Private Markets Fund by Franklin Resources, Inc. and its principal shareholders.

Key Dates

Keywords

Franklin Resources, Franklin Lexington Private Markets Fund, Schedule 13G, beneficial ownership, Class I Shares, SEC filing, institutional ownership, investment fund, asset management