# For Professional Client Use Only. Not for distribution to Retail Clients.
Geographic	
% of Total	
Sector	
% of Total
| United States | 48,53 | / | 67,29 |  | Financials | 20,04 | / | 21,66 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| United Kingdom | 10,48 | / | 5,58 |  | Health Care | 17,52 | / | 14,38 |
| Germany | 9,79 | / | 3,24 |  | Industrials | 10,69 | / | 11,03 |
| France | 5,83 | / | 2,89 |  | Consumer Staples | 10,39 | / | 9,43 |
| Japan | 5,70 | / | 6,46 |  | Communication Services | 10,33 | / | 3,75 |
| Netherlands | 3,29 | / | 0,71 |  | Information Technology | 8,32 | / | 8,43 |
| Israel | 2,53 | / | 0,19 |  | Energy | 7,60 | / | 8,97 |
| Switzerland | 2,47 | / | 1,91 |  | Consumer Discretionary | 6,67 | / | 5,88 |
| South Korea | 1,98 | / | 0,00 |  | Materials | 3,62 | / | 6,46 |
| Others | 6,86 | / | 11,73 |  | Others | 2,29 | / | 10,01 |
| Cash & Cash Equivalents | 2,54 | / | 0,00 |  | Cash & Cash Equivalents | 2,54 | / | 0,00 |

Market Capitalisation Breakdown in USD	
% of Equity 2,0-5,0 Billion		1,02
5,0-10,0 Billion	2,45
10,0-25,0 Billion	14,30
25,0-50,0 Billion	27,75
>50,0 Billion	50,84
N/A	3,63
What Are the Key Risks?
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. The Fund invests mainly in equity securities of mid- and large-capitalisation companies worldwide. Such securities have historically been subject to significant price movements that may occur suddenly due to market or company-specific factors. As a result, the performance of the Fund can fluctuate significantly over relatively short time periods. Other significant risks include: foreign currency risk, derivatives instruments risk, liquidity risk. For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.
Important Information
This document is intended to be of general interest only and does not constitute legal or tax advice nor is it an offer for shares or invitation to apply for shares of the Franklin Templeton Investment Funds (the Fund). Nothing in this document should be construed as investment advice.
Opinions expressed are the author’s at publication date and they are subject to change without prior notice. 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. Past performance is not an indicator or a guarantee of future performance. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations. An investment in the Fund entails risks which are described in the Fund's prospectus and the relevant Key Information Document. In emerging markets, the risks can be greater than in developed markets. Investments in derivative instruments entail specific risks that may increase the risk profile of the fund and are more fully described in the Fund’s prospectus and in the relevant Key Information Document. No shares of the Fund may be directly or indirectly offered or sold to residents of the United States of America. Any research and analysis contained in this document has been procured by Franklin Templeton for its own purposes and is provided to you only incidentally. References to particular industries, sectors or companies are for general information and are not necessarily indicative of a fund’s holding at any one time.
Please consult your financial advisor before deciding to invest. Subscriptions to shares of the Fund can only be made on the basis of the current prospectus, the relevant Key Information Document, accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter. These documents can be obtained, free of charge from Franklin Templeton International Services S.á.r.l. (FTIS), Swedish branch filial, Nybrokajen 5, SE-111 48 Stockholm, Sweden. Phone: +46 (0) 8 545 01230, Fax: +46 (0) 8 545 01239, E-mail: nordicinfo@franklintempleton.com or can be found on our website www.franklintempletonnordic.com or www.ftidocuments.com. Issued by Franklin Templeton International Services S.á r.l. (FTIS). FTIS is authorised and regulated in the Luxembourg by the Commission de Surveillance du Secteur Financier and is authorised to conduct certain financial services in the European Economic Area including Denmark, Sweden, Norway, Iceland and Finland. The Fund's documents are available from www.ftidocuments.com in English, Arabic, French, German, Italian, Polish and Spanish or can be requested via FT's European Facilities Service available at https://www.eifs.lu/franklintempleton. In addition, a Summary of Investor Rights is available from www.franklintempleton.lu/summary-of-investor-rights. The summary is available in English. The sub-funds of FTIF are notified for marketing in multiple EU Member States under the UCITS Directive. FTIF can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive.
For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the Fund and will not be investing directly in the underlying assets of the Fund.
Source for data and information provided by Franklin Templeton, as of the date of this document, unless otherwise noted. Benchmark related data provided by FactSet, as of the date of this document, unless otherwise noted. References to indices are made for comparative purposes only and are provided to represent the investment environment existing during the time periods shown. An index is unmanaged and one cannot invest directly in an index. The performance of the index does not include the deduction of expenses and does not represent the performance of any Franklin Templeton fund.
Net Returns (NR) include income net of tax withholding when dividends are paid.
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.
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. Investments in derivative instruments entail specific risks that may increase the risk profile of the fund and are more fully described in the Fund’s prospectus.
Fund Management: CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
© Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Asset Allocation: Special Situations includes investments in merger arbitrage and stressed and distressed debt.
Performance: Linked MSCI World Value Index-NR reflects performance of the MSCI World Index-NR from fund inception through 31.10.2020 and the MSCI World Value Index-NR thereafter. 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.
Dividend Yield: 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.
For a free copy of the latest prospectus, the relevant Key Information Document, the annual report and semi-annual report, if published thereafter or for more information about any Franklin Templeton' fund, contact Franklin Templeton International Services S.á.r.l. (FTIS), Swedish branch filial, Nybrokajen 5, SE-111 48 Stockholm, Sweden. Phone: +46 (0) 8 545 01230, Fax: +46 (0) 8 545 01239, E-mail: nordicinfo@franklintempleton.com or can be found on our website www.franklintempletonnordic.com or www.ftidocuments.com. Issued by Franklin Templeton International Services S.á r.l. (FTIS). FTIS is authorised and regulated in the Luxembourg by the Commission de Surveillance du Secteur Financier and is authorised to conduct certain financial services in the European Economic Area including Denmark, Sweden, Norway, Iceland and Finland.
© 2023 Franklin Templeton.	www.franklintempletonnordic.com

Translation (ENDE, 2023-03-31):
# Nur für professionelle Kunden/Nicht zur öffentlichen Verbreitung.
Wichtige Hinweise (Fortsetzung)	 Wertentwicklung: Linked MSCI World Value Index-NR spiegelt die Wertentwicklung des MSCI World Index-NR ab der Auflegung des Fonds bis zum 31.10.2020 und des MSCI World Value Index-NR danach wider.
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.
Dividendenrendite: Die hier genannte Dividendenrendite ist die Rendite der Wertpapiere des Portfolios und darf nicht als Anhaltspunkt für das Einkommen aus diesem Portfolio herangezogen werden.
Fondsgebühren:
Ausgabeaufschlag: Der Ausgabeaufschlag ist bezogen auf die Nettoanlage.
Managementgebühren: Verwaltungs- und Administrationsgebühren p.a., welche dem Fondsvermögen belastet werden. Ausführliche Informationen zu den Fondsgebühren entnehmen Sie bitte dem aktuellen Verkaufsprospekt.
TER: Die Gesamtkostenquote eines Fonds (TER) drückt die Summe der Kosten und Gebühren eines Fonds als Prozentsatz des durchschnittlichen Fondsvolumens innerhalb des jeweils letzten Geschäftsjahres aus. Bezogen auf die jeweils bei der Wertentwicklung gezeigte Anteilsklasse. Stand: 31. März 2023.
NIW: Nettoinventarwert. Bei H1-Anteilsklassen ist der NIW gegen die Währung der Anteilsklasse abgesichert.
© 2023 Franklin Templeton. Alle Rechte vorbehalten.	www.franklintempleton.at