Franklin Templeton Private Portfolio Group, LLC

Supplement dated June 29, 2026 to Form ADV Disclosure Brochure of Franklin Templeton Private Portfolio Group, LLC and its Affiliated Sub-Advisers Dated December 5, 2025 This document supplements the accompanying Form ADV Disclosure Brochure (the “Brochure”) of Franklin Templeton Private Portfolio Group, LLC (“FTPPG”) and its affiliated sub-advisers, including, among others, Western Asset Management Company, LLC (“Western Asset”). This document reflects an update to Western Asset’s disclosure in Item 9 of the Brochure (“Disciplinary Information”). Any inconsistent disclosure in the Brochure is superseded by the contents of this document. Defined terms not defined herein shall have the same meaning as in the Brochure. ITEM 9 - WESTERN ASSET The disclosure included under heading “Western Asset” in Item 9 of the Brochure is hereby deleted in its entirety and replaced with the following: Western Asset In 2023, following the launch of an internal investigation, Western Asset received notification of parallel SEC and DOJ investigations into trade allocations in select Western-managed accounts involving treasury derivatives during 2019 to 2023. The CFTC later commenced a parallel investigation into the matter. All trade allocations at issue were made by Western Asset’s then co-Chief Investment Officer (“co-CIO”), who retired on July 30, 2025 and is no longer with the firm. The CFTC closed its investigation on June 30, 2025. On June 3, 2026, the DOJ notified Western Asset that it was no longer a subject of the DOJ investigation and that the DOJ would take no further action. On June 5, 2026, pursuant to a settlement, the SEC issued an order resolving its investigation of Western Asset. Under the terms of that order, the SEC found, among other things, that Western Asset failed to implement policies and procedures reasonably designed to detect and prevent violations of the Investment Advisers Act of 1940 and Western Asset, without admitting the SEC’s findings, agreed to pay a civil penalty of $100 million to be paid into a Fair Fund for the benefit of investors. These outcomes end the governmental investigations of Western Asset. As to the former co-CIO, the DOJ and SEC announced charges against him on November 25, 2024. On June 12, 2026, all criminal charges against the former co-CIO alleging a purported “cherry-picking” scheme were dismissed. The former co-CIO and the DOJ reached a plea agreement on one charge of obstruction of a pending proceeding, which was not part of the core allegations in the original indictment. Allegations of favoritism among investment strategies were dismissed. The SEC case against the former co-CIO remains pending as of the date of this Supplement.