The Franklin Templeton Funds of San Mateo, Calif. will begin offering fund shareholders a paperless document option on their website beginning June 1, according to a filing registered March 28 with the Securities and Exchange Commission.

Existing investors who sign up for online account access, will be able to opt for the electronic delivery of shareholder documents including account statements, trade confirmations, and proxy statements as well as most fund prospectuses, annual and semi-annual reports, according to the filing. New fund investors will have the option to access their documents online when they open their accounts. Besides opting for online account statements instead of paper copies, all Franklin Templeton investors will be able to conduct transactions such as buying, selling or exchanging shares, and adding or changing account options such as mailing addresses or systematic withdrawal or investment plans. For joint accounts, Franklin Templeton will accept online instructions from only one registered account holder. Joint account holders who do not want Franklin Templeton to accept online instructions solely from the other registered owner may opt out of the automatic online privileges. In such cases, Franklin will only accept written instructions signed by both account owners.

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