Currently, Steven J. Gray is Secretary & Vice President for Franklin Alternative Strategies Funds. Mr. Gray is also Vice President & Assistant Secretary at Templeton Emerging Markets Fund, Vice President of Templeton Emerging Markets Income Fund, Vice President at Templeton Global Income Fund, Vice President of Franklin Templeton Distributors, Inc., Vice President & Assistant Secretary at Templeton Dragon Fund, Inc. and Co-Secretary & Vice President at Franklin Ltd. Duration Income Trust.

Mr. Gray previously was Vice President & Assistant Secretary at Templeton Russia & East European Fund, Inc., Vice President at FASA, LLC and Senior Associate General Counsel at Franklin Resources, Inc.