Franklin Lexington Private Markets Fund

A per-share NAV composition is the monthly disclosure of NAV-struck perpetual REITs; this fund’s valuation — the Level I / II / III fair-value hierarchy and the unobservable inputs behind the marks — renders in The Book · Marks

all 31Imported record 11Portfolio holdings filing 6Tender offer filing 4Amended tender offer 3Shareholder report 2Prospectus supplement 2Semiannual shareholder report 2Registration statement 1

Component breakdown not disclosed for this fund’s distributions

Cap: 5.0% NAV/qtr (all windows) · All 4 windows filled in full

Frequency

Quarterly tender

Cap

5.0% of NAV / qtr

Annual cap

Not disclosed

Gate cap

5.0%

Notice period

31d

Settlement lag

65d

Early repurchase fee

Not disclosed

Lockup

Not disclosed

Min investment

$25,000

Accreditation

Not specified

Tax form

1099

Program type

Quarterly tender

Windows observed: 4 · median open-to-pricing 46d · derived from filed window dates

Not disclosed by this fund: assets invested

0000940400-26-022720 period 2026-03-31: NPORT-P fundInfo totalAssets, totalLiabs, and netAssets; totals reconcile totalAssets - totalLiabs = netAssets within rounding.

Incentive fee

12.5% over a 5.0% hurdle · compound (irr) with 100% catch-up to manager; loss recovery account applies · fund level

Management-fee base

Management fee: 1.25% per annum of net assets, calculated and accrued monthly, payable quarterly. incentive fee: 12.5% of net profits exceeding 5% annualized hurdle amount, with 100% catch-up to ftfa. loss recovery account applies. both fees payable to ftfa.

Expense ratio after waivers

not yet covered by AltHarbor

Of $1.87B disclosed fair value, $1.87B (100.0%) is named at the issuer level across 211 positions; — sits in 0 sized-but-unnamed buckets. Higher named share = more transparent single-name risk. Strategy mix renders in The Book; the full company register in The Names.

Each cell is the latest disclosed return for that window — windows are filed on different cadences, so hover any figure for its own as-of date. Returns are NAV-based total returns net of fund expenses, as the manager states them.

Not shown: IRR, MOIC, TVPI, DPI and PME. These are draw-down LP metrics; this is an evergreen, NAV-struck fund that reports a NAV-based total return, so an LP cash-flow multiple would misrepresent the vehicle — it is omitted by design, not missing.

L1 $121M 5.9% · L2 $208M 10.2% · L3 $77.0M 3.8% · NAVexp $1.63B 80.1%

Management fee is charged on management fee: 1.25% per annum of net assets, calculated and accrued monthly, payable quarterly. incentive fee: 12.5% of net profits exceeding 5% annualized hurdle amount, with 100% catch-up to ftfa. loss recovery account applies. both fees payable to ftfa..

The two-part incentive-fee mechanics (lookback / per-class expense caps & recapture) are not yet surfaced — they need a dedicated terms table still in the schema queue.