# For Professional Client Use Only. Not for distribution to Retail Clients.
Composition of Fund
Franklin LibertyQ Emerging Markets UCITS ETF	MSCI Emerging Markets Index-NR
Geographic	
% of Total
Sector	
% of Total
| China | 27.78 | / | 42.53 |  | Financials | 15.88 | / | 17.75 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| India | 12.80 | / | 8.30 |  | Consumer Staples | 15.43 | / | 6.25 |
| Taiwan | 10.99 | / | 12.45 |  | Materials | 13.63 | / | 7.08 |
| Russia | 10.72 | / | 2.93 |  | Communication Services | 13.13 | / | 12.95 |
| South Korea | 8.37 | / | 11.47 |  | Information Technology | 12.06 | / | 17.52 |
| Brazil | 4.74 | / | 4.84 |  | Energy | 11.48 | / | 5.60 |
| Saudi Arabia | 3.60 | / | 2.56 |  | Consumer Discretionary | 5.72 | / | 19.77 |
| South Africa | 3.24 | / | 3.54 |  | Industrials | 5.19 | / | 4.47 |
| Indonesia | 2.71 | / | 1.41 |  | Utilities | 2.88 | / | 2.03 |
| Others | 14.59 | / | 9.96 |  | Others | 4.14 | / | 6.59 |
| Cash & Cash Equivalents | 0.45 | / | 0.00 |  | Cash & Cash Equivalents | 0.45 | / | 0.00 |

Market Capitalisation Breakdown in USD	
% of Equity
<2.0 Billion	1.94
2.0-5.0 Billion	12.55
5.0-10.0 Billion	24.18
10.0-25.0 Billion	25.33
25.0-50.0 Billion	17.39
>50.0 Billion	18.55
What are the Key Risks?
N/A	0.05
The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments. There is no guarantee that the Fund will meet its objective. The Fund intends to track the performance of the Underlying Index which is comprised of 200 stocks selected from the MSCI Emerging Markets Index. Such assets have historically been subject to price movements due to such factors as general stock market volatility, changes in the financial outlook or fluctuations in currency markets. As a result, the performance of the Fund can fluctuate considerably over time. Other significant risks include: counterparty risk, foreign currency risk, derivatives instruments risk, Emerging Markets risk, index related risk, secondary market trading risk. For full details of all the risks applicable to this Fund, please refer to the "Risk Considerations" section of the current prospectus of Franklin LibertyShares ICAV.
Important Information
Source for data and information provided by Franklin Templeton, as of the date of this document, unless otherwise noted.
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments; investments in emerging markets involve heightened risks related to the same factors. To the extent the fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, it may be subject to greater risks of adverse developments in such areas at focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.
Franklin LibertyShares ICAV (“the ETF”) investment returns and principal values will change with market conditions, and an investor may have a gain or a loss when they sell their shares. Please visit www.franklintempleton.co.uk for the Franklin LibertyShares ICAV standardised and most recent month-end performance. There is no guarantee that any strategy will achieve its objective. Investment in Franklin LibertyShares ICAV is not riskless and investors can lose money.
All performance data shown is in the fund’s base currency. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual investors may realise returns that are different to the NAV performance. Past performance is not an indicator or a guarantee of future performance. The actual costs vary depending on the executing custodian. In addition, deposit costs may be incurred which could have a negative effect on the value. Please find out the costs due from the respective price lists from the processing/custodian bank. Changes in exchange rates could have positive or negative effects on this investment. Please visit www.franklintempleton.co.uk for current performance and see the latest prospectus or supplement for further details. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. An investment in Franklin LibertyShares ICAV entails risks which are described in the latest prospectus or supplement and in the relevant Key Investor Information Document.
Franklin LibertyShares ICAV (domiciled outside of the U.S. or Canada) may not be directly or indirectly offered or sold to residents of the United States of America or Canada. ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns. Indices are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The LibertyQ Emerging Markets Index-NR is a systematic, rules-based proprietary index that is owned and calculated by MSCI Inc. (MSCI) based on the MSCI Emerging Markets Index-NR that aims to reflect the performance of Franklin Templeton’s strategy. The Franklin LibertyQ Emerging Markets UCITS ETF is not sponsored, endorsed, issued, sold or promoted by, or affiliated with, MSCI. MSCI does not make any representation regarding the advisability of investing in the Franklin LibertyQ Emerging Markets UCITS ETF. The index includes stocks from developed and emerging market countries that have favorable exposure to multiple investment-style factors, subject to a maximum 1% per company weighting. The LibertyQ Emerging Markets Index-NR utilises a multi-factor selection process that is designed to select equity securities from the MSCI Emerging Markets
Index-NR that have exposure to four investment style-factors: quality, value, momentum and low volatility.
Net Returns (NR) include income net of tax withholding when dividends are paid.
Investment Universe: All MSCI data is provided “as is.” The Fund described herein is not sponsored or endorsed by MSCI. In no event shall MSCI, its affiliates or any MSCI data provider have any liability of any kind in connection with the MSCI data or the Fund described herein. Copying or redistributing the MSCI data is strictly prohibited.
Fund Overview:
TER: A fund’s total expense ratio (TER) expresses the total of costs and expenses of a fund in percent of the average fund volume within the last business year.
Methodology: The Methodology indicates whether an ETF is holding all index securities in the same weight as the index (i.e. Physical Replication) or whether an optimised subset of index securities is used (i.e. Optimised) in order to efficiently track index performance.
Product Structure: The Product Structure indicates whether an ETF is holding physical securities (i.e. Physical) or whether it is tracking the index performance using derivatives (swaps, i.e. Synthetic).
Factor Weighting: Franklin Templeton takes a custom-weighted approach to blending factors, with an emphasis on quality. Factors are characteristics that help describe the risk, return and behavior of a particular security.
Fund Management: CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Performance: Net Asset Value (NAV) represents an ETF's per-share-value. The NAV per share is determined by dividing the total NAV of the Fund by the number of shares outstanding. Performance: When performance for either the portfolio or its benchmark has been converted, different foreign exchange closing rates may be used between the portfolio and its benchmark. Top Ten Holdings: These securities do not represent all of the securities purchased, sold or recommended for clients, and the reader should not assume that investment in the securities listed was or will be profitable. The portfolio manager for the Fund reserves the right to withhold release of information with respect to holdings that would otherwise be included in the top holdings list. The dividend yield quoted here is the yield on securities within the Portfolio and should not be used as an indication of the income received from this portfolio.
© 2020 Franklin Templeton. All rights reserved.	franklintempleton.de

Translation (ENDE, 2020-08-31):
# Nur für professionelle Kunden/Nicht zur öffentlichen Verbreitung.
Wichtige Hinweise (Fortsetzung)	
Fonds Management: CFA® und Chartered Financial Analyst® sind Marken des CFA Institute.
Der Nettoinventarwert (NIW) steht für den Wert eines ETF je Anteil. Der NIW je Anteil errechnet sich, indem der Nettoinventarwert des Fonds durch die Anzahl der umlaufenden Anteile dividiert wird.
Wertentwicklung: Wenn die Wertentwicklung entweder des Portfolios oder seiner Benchmark umgerechnet wurde, werden für das Portfolio und seine Benchmark gegebenenfalls unterschiedliche Devisenschlusskurse verwendet.
Die zehn größten Werte: Die Top-Positionen sind die größten Positionen des Fonds zum angegebenen Datum. Diese Wertpapiere stellen nicht alle gekauften, verkauften oder Advisory-Kunden empfohlenen Wertpapiere dar und der Leser sollte nicht davon ausgehen, dass die Anlage in die aufgeführten Wertpapiere gewinnbringend war oder sein wird. Die hier genannte Dividendenrendite ist die Rendite der Wertpapiere des Portfolios und darf nicht als Anhaltspunkt für das Einkommen aus diesem Portfolio herangezogen werden.
© 2020 Franklin Templeton. Alle Rechte vorbehalten.	franklintempleton.de