FRANKLIN RESOURCES INC

Ticker: BEN CUSIP: 354613101 Class: COM

Park Avenue Institutional Advisers LLC's Holding History (CIK: 0001640801)

Note: Option positions (PUT/CALL) are excluded.

Q2 2016

Shares 2,359 Value ($000) $79 Avg Close $22.53 Range $18.95 - $25.57

Q1 2016

Shares 2,388 Value ($000) $93 Avg Close $21.84 Range $19.13 - $24.76

Q4 2015

Shares 2,455 Value ($000) $90 Avg Close $24.03 Range $21.26 - $25.94

Q3 2015

Shares 2,573 Value ($000) $96 Avg Close $26.49 Range $22.20 - $30.56

Q2 2015

Shares 2,642 Value ($000) $130 Avg Close $31.29 Range $29.78 - $32.18

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	2,359	$79	$22.53	$18.95 - $25.57
Q1 2016	2,388	$93	$21.84	$19.13 - $24.76
Q4 2015	2,455	$90	$24.03	$21.26 - $25.94
Q3 2015	2,573	$96	$26.49	$22.20 - $30.56
Q2 2015	2,642	$130	$31.29	$29.78 - $32.18