Quinlan is a portfolio manager of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2005. Previously, he worked in investment banking at Citigroup where he covered the retail and consumer products industries. Quinlan holds the Chartered Financial Analyst designation.

Perks is a senior vice president of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 1992. Perks holds the charted financial analyst designation.

Alex W. Peters is a vice president, portfolio manager, and research analyst with Franklin Advisers, Inc. He is the portfolio manager of Franklin Real Estate Securities Fund and co-manager of the Franklin Large Cap Core Growth strategy. Mr. Peters specializes in research analysis of real estate companies and is a member of the Franklin Large Cap Equity team. Mr. Peters previously covered the communication services and equipment, electric utilities, and asset management industries. He joined Franklin Templeton in 1992. Mr. Peters earned a bachelor's degree from University of Washington and an M.B.A. from the University of San Francisco. Mr. Peters is a Chartered Financial Analyst (CFA) Charterholder and a member of the CFA Institute. He is also a member of the Security Analysts of San Francisco (SASF) and the National Association of Securities Dealers (NASD).

Charles B. Johnson is chairman and director of Franklin Resources, Inc., and chairman and director of various Franklin Templeton funds. He joined Franklin Distributors, Inc., as president and chief executive officer in 1957 and assumed those positions with Franklin Resources when it was organized in 1969. Mr. Johnson served as CEO until 2003. Mr. Johnson is a member of the New York Society of Security Analysts. In 1992, he was elected chairman of the National Association of Security Dealers (NASD) and served on various committees and boards of the NASD (including NASDAQ) from 1988-2002. Previously, Mr. Johnson served on the Board of Governors of the Investment Company Institute from 1973-1988. He is a member of the Board of Overseers of the Hoover Institution at Stanford University. In addition, Mr. Johnson is a board member of the Bay Area Council and other Bay Area civic organizations. He served as the Northern California chairman of the U.S. Olympic Committee in 1992 and on the boards of the San Francisco Symphony from 1985-2002, the Peninsula Community Foundation from 1986-1996 and the Commonwealth Club of California from 1994-1997, and as a trustee of Crystal Springs Uplands School from 1985-1993. Mr. Johnson received a B.A. degree in economics and political science from Yale University. He served in the U.S. Army as a first lieutenant, Army Artillery.