# EDGAR Filing Document

**Accession Number:** 0000865722
**File Stem:** 0001752724-23-033128
**Filing Date:** 2023-2
**Character Count:** 41066
**Document Hash:** 6c54b1b3f211f32f7894cbc4faf1f0e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-033128.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001752724-23-033128

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEMPLETON INSTITUTIONAL FUNDS
- **CENTRAL INDEX KEY:** 0000865722
- **IRS NUMBER:** 593020895
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06135
- **FILM NUMBER:** 23651771

**BUSINESS ADDRESS:**
- **STREET 1:** 300 S.E. 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301-1923
- **BUSINESS PHONE:** 9545277500

**MAIL ADDRESS:**
- **STREET 1:** 300 S.E. 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301-1923

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPLETON INSTITUTIONAL FUNDS INC
- **DATE OF NAME CHANGE:** 19940602

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPLETON INSTITUTIONAL TRUST INC
- **DATE OF NAME CHANGE:** 19930326

## Series and Classes Contracts Data

### Foreign Smaller Companies Series (Series ID: S000008752)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000023826 | Advisor Class | TFSCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Templeton Institutional Funds

- **b. Investment Company Act file number:** 811-06135

- **c. CIK number of Registrant:** 0000865722

- **d. LEI of Registrant:** 549300JRP25VIFBAXL88

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 300 S.E. 2nd Street

  - **City:** Fort Lauderdale

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33301-1923

  - **Telephone number:** 954-527-7500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Foreign Smaller Companies Series

- **b. EDGAR series identifier (if any):** S000008752

- **c. LEI of Series:** 549300VRH4QOYIY1HE27

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $357933832.88

**Total Liabilities:** $5102063.85

**Net Assets:** $352831769.03

**Delayed Delivery Securities:** $54520.64

**Cash Not Reported:** $15155904.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023826 | 4.17%                | 12.96%               | -2.11%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-22103787.69            | $37698653.42                               |
| Month 2  | $-6525375.75             | $49403869.81                               |
| Month 3  | $-879624.75              | $-7570477.72                               |

### Schedule of Portfolio Investments

| Name                                                 | Title                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Square Enix Holdings Co. Ltd.                        | Square Enix Holdings Co. Ltd.                        | CUSIP: N/A<br>LEI: 529900KCRNRDF8DIA489       | Long             | EC               | CORP              | JP        |     36500 | NS      | $1693948.46   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BNK Financial Group, Inc.                            | BNK Financial Group, Inc.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    496069 | NS      | $2566342.25   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Pagegroup plc                                        | Pagegroup plc                                        | CUSIP: N/A<br>LEI: 213800JK5ZEQW4AB8G71       | Long             | EC               | CORP              | GB        |    708547 | NS      | $3944945.22   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin Zu Shing Co. Ltd.                               | Shin Zu Shing Co. Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    690000 | NS      | $1828140.18   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Flow Traders                                         | Flow Traders                                         | CUSIP: N/A<br>LEI: 549300Z7LIC6NFIJL947       | Long             | EC               | CORP              | NL        |    151774 | NS      | $3515610.25   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coats Group plc                                      | Coats Group plc                                      | CUSIP: N/A<br>LEI: 2138003SPYWGAITNFY17       | Long             | EC               | CORP              | GB        |   3334748 | NS      | $2675912.23   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Nien Made Enterprise Co. Ltd.                        | Nien Made Enterprise Co. Ltd.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    195000 | NS      | $1863598.53   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| en Japan, Inc.                                       | en Japan, Inc.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    104600 | NS      | $1914474.02   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Western Bank                                | Canadian Western Bank                                | CUSIP: 13677F101<br>LEI: 549300QG7XFGLKN6HL17 | Long             | EC               | CORP              | CA        |    281898 | NS      | $5009206.71   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA                               | Brunello Cucinelli SpA                               | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |     58521 | NS      | $4329823.35   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| M Dias Branco SA                                     | M Dias Branco SA                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    705800 | NS      | $4785496.32   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Oxford Instruments plc                               | Oxford Instruments plc                               | CUSIP: N/A<br>LEI: 213800J364EZD6UCE231       | Long             | EC               | CORP              | GB        |    128173 | NS      | $3501832.38   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO SA                                             | JUMBO SA                                             | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |    242739 | NS      | $4163008.26   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Interpump Group SpA                                  | Interpump Group SpA                                  | CUSIP: N/A<br>LEI: 815600C79D0F31F4D395       | Long             | EC               | CORP              | IT        |    140327 | NS      | $6335061.64   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissei ASB Machine Co. Ltd.                          | Nissei ASB Machine Co. Ltd.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    116600 | NS      | $3771336.27   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ibstock plc                                          | Ibstock plc                                          | CUSIP: N/A<br>LEI: 2138003QHTNX34CN9V93       | Long             | EC               | CORP              | GB        |   1982378 | NS      | $3705718.75   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Seco SpA                                             | Seco SpA                                             | CUSIP: N/A<br>LEI: 8156008C44408AB6D716       | Long             | EC               | CORP              | IT        |    688543 | NS      | $3938165.33   | 1.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Canada Goose Holdings, Inc.                          | Canada Goose Holdings, Inc.                          | CUSIP: 135086106<br>LEI: 529900891XBE6RV8JR07 | Long             | EC               | CORP              | CA        |     74100 | NS      | $1317819.79   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Man Group plc                                        | Man Group plc                                        | CUSIP: N/A<br>LEI: 2549003YWC1DW6LALB09       | Long             | EC               | CORP              | JE        |   2022889 | NS      | $5204389.16   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Merida Industry Co. Ltd.                             | Merida Industry Co. Ltd.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    468000 | NS      | $2536701.49   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Tripod Technology Corp.                              | Tripod Technology Corp.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    898000 | NS      | $2740376.76   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| PhotoCure ASA                                        | PhotoCure ASA                                        | CUSIP: N/A<br>LEI: 5967007LIEEXZXG8OW35       | Long             | EC               | CORP              | NO        |    299461 | NS      | $3257827.01   | 0.92%             |  |  |  | No            |                  2 | On Loan: —       |
| Shima Seiki Manufacturing Ltd.                       | Shima Seiki Manufacturing Ltd.                       | CUSIP: N/A<br>LEI: 3538003VF74W7607DA80       | Long             | EC               | CORP              | JP        |    290900 | NS      | $4062616.97   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| North West Co., Inc. (The)                           | North West Co., Inc. (The)                           | CUSIP: 663278208<br>LEI: 254900VT1HQAZR3IVM76 | Long             | EC               | CORP              | CA        |     55800 | NS      | $1465883.31   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Rathbones Group plc                                  | Rathbones Group plc                                  | CUSIP: N/A<br>LEI: 213800MBTHM6UE8ZQP29       | Long             | EC               | CORP              | GB        |    207651 | NS      | $5108445.99   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                            | Logitech International SA                            | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |     35607 | NS      | $2216535.75   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Qol Holdings Co. Ltd.                                | Qol Holdings Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    329500 | NS      | $2910387.92   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanlorenzo SpA                                       | Sanlorenzo SpA                                       | CUSIP: N/A<br>LEI: 8156006C71E895860132       | Long             | EC               | CORP              | IT        |    191479 | NS      | $7567900.14   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| TGS ASA                                              | TGS ASA                                              | CUSIP: N/A<br>LEI: 549300NUPLAXPB0WYH90       | Long             | EC               | CORP              | NO        |    376970 | NS      | $5096351.08   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicony Electronics Co. Ltd.                         | Chicony Electronics Co. Ltd.                         | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |   1296037 | NS      | $3630254.44   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsumura & Co.                                        | Tsumura & Co.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    234600 | NS      | $5143310.51   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Matas A/S                                            | Matas A/S                                            | CUSIP: N/A<br>LEI: 2138004PXX8LWGHGL872       | Long             | EC               | CORP              | DK        |    183813 | NS      | $1840155.56   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Capital Holdings Ltd.                           | Axis Capital Holdings Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     41819 | NS      | $2265335.23   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Jenoptik AG                                          | Jenoptik AG                                          | CUSIP: N/A<br>LEI: 529900P34GDHGXK6VB37       | Long             | EC               | CORP              | DE        |    162081 | NS      | $4408121.56   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Adesso SE                                            | Adesso SE                                            | CUSIP: N/A<br>LEI: 529900KOICE97ZSA1O52       | Long             | EC               | CORP              | DE        |     18606 | NS      | $2616307.95   | 0.74%             |  |  |  | No            |                  2 | On Loan: —       |
| Thule Group AB                                       | Thule Group AB                                       | CUSIP: N/A<br>LEI: 549300XHHOGBOERKU333       | Long             | EC               | CORP              | SE        |    128664 | NS      | $2694772.91   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Hite Jinro Co. Ltd.                                  | Hite Jinro Co. Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    147623 | NS      | $3008430.75   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| OneSpaWorld Holdings Ltd.                            | OneSpaWorld Holdings Ltd.                            | CUSIP: N/A<br>LEI: 5493007W8PZ8W6UC2X76       | Long             |  | CORP              | BS        |    202835 | NS      | $253543.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsubakimoto Chain Co.                                | Tsubakimoto Chain Co.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    104300 | NS      | $2352080.66   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| AT&S Austria Technologie & Systemtechnik AG          | AT&S Austria Technologie & Systemtechnik AG          | CUSIP: N/A<br>LEI: 529900EVOKN4LCCD9321       | Long             | EC               | CORP              | AT        |     55774 | NS      | $1912928.18   | 0.54%             |  |  |  | No            |                  2 | On Loan: —       |
| Barco NV                                             | Barco NV                                             | CUSIP: N/A<br>LEI: 549300N17QCD827TII61       | Long             | EC               | CORP              | BE        |    276551 | NS      | $6850904.10   | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Anicom Holdings, Inc.                                | Anicom Holdings, Inc.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    350700 | NS      | $1537568.86   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Huhtamaki OYJ                                        | Huhtamaki OYJ                                        | CUSIP: N/A<br>LEI: 5493007050SJVMXN6L29       | Long             | EC               | CORP              | FI        |    142035 | NS      | $4865463.10   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Construcciones y Auxiliar de Ferrocarriles SA        | Construcciones y Auxiliar de Ferrocarriles SA        | CUSIP: N/A<br>LEI: 95980020140005275134       | Long             | EC               | CORP              | ES        |     64931 | NS      | $1841544.80   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Microelectronics PCL                            | Hana Microelectronics PCL                            | CUSIP: N/A<br>LEI: 529900E1AFDPJFG0RH05       | Long             | EC               | CORP              | TH        |   2733300 | NS      | $4051844.09   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Camil Alimentos SA                                   | Camil Alimentos SA                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   2043400 | NS      | $3207939.93   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| VIDENDUM plc                                         | VIDENDUM plc                                         | CUSIP: N/A<br>LEI: 2138007H5DQ4X8YOCF14       | Long             | EC               | CORP              | GB        |    187601 | NS      | $2446480.71   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Morinaga & Co. Ltd.                                  | Morinaga & Co. Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     50500 | NS      | $1506236.39   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Watches of Switzerland Group plc                     | Watches of Switzerland Group plc                     | CUSIP: N/A<br>LEI: 2138008ZOT5K9PJW7168       | Long             | EC               | CORP              | GB        |    460347 | NS      | $4497616.12   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Value Partners Group Ltd.                            | Value Partners Group Ltd.                            | CUSIP: N/A<br>LEI: 549300RYVTCSHFKXHB81       | Long             | EC               | CORP              | KY        |   7464000 | NS      | $2741275.63   | 0.78%             |  |  |  | No            |                  2 | On Loan: —       |
| Fiskars OYJ Abp                                      | Fiskars OYJ Abp                                      | CUSIP: N/A<br>LEI: 743700BKTW4EQIVKYY42       | Long             | EC               | CORP              | FI        |    130302 | NS      | $2148335.11   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Carel Industries SpA                                 | Carel Industries SpA                                 | CUSIP: N/A<br>LEI: 815600115DA6E507AE33       | Long             | EC               | CORP              | IT        |     75635 | NS      | $1902685.01   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Asics Corp.                                          | Asics Corp.                                          | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |    322200 | NS      | $7079818.77   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| IMAX Corp.                                           | IMAX Corp.                                           | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |    197917 | NS      | $2901463.22   | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Giant Manufacturing Co. Ltd.                         | Giant Manufacturing Co. Ltd.                         | CUSIP: N/A<br>LEI: 549300M7TYVF50B2GY12       | Long             | EC               | CORP              | TW        |    309482 | NS      | $2013791.83   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| JNBY Design Ltd.                                     | JNBY Design Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1291000 | NS      | $1534047.96   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Service Group plc                            | Johnson Service Group plc                            | CUSIP: N/A<br>LEI: 2138004WZUPWV53KWV11       | Long             | EC               | CORP              | GB        |   1550663 | NS      | $1816483.96   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Greggs plc                                           | Greggs plc                                           | CUSIP: N/A<br>LEI: 213800I71QMUFJ64IW20       | Long             | EC               | CORP              | GB        |    136286 | NS      | $3829093.37   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Siegfried Holding AG                                 | Siegfried Holding AG                                 | CUSIP: N/A<br>LEI: 506700J9QD6IF3937W06       | Long             | EC               | CORP              | CH        |      6169 | NS      | $4097543.32   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Health Tech Co. Ltd.                         | Johnson Health Tech Co. Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1258000 | NS      | $2839774.87   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Nan Pao Resins Chemical Co. Ltd.                     | Nan Pao Resins Chemical Co. Ltd.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    492000 | NS      | $2126247.12   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Stabilus SE                                          | Stabilus SE                                          | CUSIP: N/A<br>LEI: 529900JOSL94HJN4VZ28       | Long             | EC               | CORP              | DE        |     81136 | NS      | $5435844.34   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Hosokawa Micron Corp.                                | Hosokawa Micron Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    107900 | NS      | $2186071.04   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Nichiha Corp.                                        | Nichiha Corp.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    184300 | NS      | $3696118.62   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| VTech Holdings Ltd.                                  | VTech Holdings Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |    632900 | NS      | $4070193.77   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Idec Corp.                                           | Idec Corp.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    153600 | NS      | $3387953.44   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Primax Electronics Ltd.                              | Primax Electronics Ltd.                              | CUSIP: N/A<br>LEI: 254900JO4CQFFG7AIQ15       | Long             | EC               | CORP              | TW        |   1177000 | NS      | $2121170.17   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Montana Aerospace AG                                 | Montana Aerospace AG                                 | CUSIP: N/A<br>LEI: 506700YRG9330Q97U450       | Long             | EC               | CORP              | CH        |    202782 | NS      | $3146298.72   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| NongShim Co. Ltd.                                    | NongShim Co. Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     11593 | NS      | $3287919.65   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Glory Ltd.                                           | Glory Ltd.                                           | CUSIP: N/A<br>LEI: 3538003FKID28TGG5U64       | Long             | EC               | CORP              | JP        |    105500 | NS      | $1751994.23   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Major Cineplex Group PCL                             | Major Cineplex Group PCL                             | CUSIP: N/A<br>LEI: 529900PH2X6YH1YMV287       | Long             | EC               | CORP              | TH        |   5493300 | NS      | $2886714.19   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| King Yuan Electronics Co. Ltd.                       | King Yuan Electronics Co. Ltd.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   3910000 | NS      | $4592554.98   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Topcon Corp.                                         | Topcon Corp.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    255600 | NS      | $2944005.67   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Meitec Corp.                                         | Meitec Corp.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    320600 | NS      | $5813707.05   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| DGB Financial Group, Inc.                            | DGB Financial Group, Inc.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    630673 | NS      | $3504210.26   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Nayax Ltd.                                           | Nayax Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     98764 | NS      | $1857397.99   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon Parkerizing Co. Ltd.                           | Nihon Parkerizing Co. Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    218600 | NS      | $1549165.63   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinepolis Group NV                                   | Kinepolis Group NV                                   | CUSIP: N/A<br>LEI: 5493002BJQRO0S06F161       | Long             | EC               | CORP              | BE        |     86235 | NS      | $3591997.00   | 1.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Granges AB                                           | Granges AB                                           | CUSIP: N/A<br>LEI: 5493006UG44TYSIXOB13       | Long             | EC               | CORP              | SE        |    479732 | NS      | $3928719.97   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Exide Industries Ltd.                                | Exide Industries Ltd.                                | CUSIP: N/A<br>LEI: 335800X6SNGIZCBA9V34       | Long             | EC               | CORP              | IN        |    790226 | NS      | $1718733.20   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Medacta Group SA                                     | Medacta Group SA                                     | CUSIP: N/A<br>LEI: 506700P2PFU3A3DROC14       | Long             | EC               | CORP              | CH        |     18687 | NS      | $2086006.30   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                                          | Rational AG                                          | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |      5919 | NS      | $3514699.47   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                       | Techtronic Industries Co. Ltd.                       | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |    305500 | NS      | $3393184.58   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust Money Market Portfolio | Institutional Fiduciary Trust Money Market Portfolio | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   4656168 | NS      | $4656168.20   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerresheimer AG                                      | Gerresheimer AG                                      | CUSIP: N/A<br>LEI: 5299006GD4UWSYZOKC28       | Long             | EC               | CORP              | DE        |     80066 | NS      | $5355797.72   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Dometic Group AB                                     | Dometic Group AB                                     | CUSIP: N/A<br>LEI: 549300STIPMK5VSA7Y59       | Long             | EC               | CORP              | SE        |    481748 | NS      | $3116436.92   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| DO & CO AG                                           | DO & CO AG                                           | CUSIP: N/A<br>LEI: 5299002NFQKOBT1E8569       | Long             | EC               | CORP              | AT        |     36580 | NS      | $3467198.22   | 0.98%             |  |  |  | No            |                  2 | On Loan: —       |
| Topkey Corp.                                         | Topkey Corp.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    318000 | NS      | $1890260.84   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunka Shutter Co. Ltd.                               | Bunka Shutter Co. Ltd.                               | CUSIP: N/A<br>LEI: 3538006KDHDR2E6VDJ47       | Long             | EC               | CORP              | JP        |    278900 | NS      | $2335104.10   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| IDOM, Inc.                                           | IDOM, Inc.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    536700 | NS      | $2689018.60   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Century Pacific Food, Inc.                           | Century Pacific Food, Inc.                           | CUSIP: N/A<br>LEI: 254900NFV7QTJB821G52       | Long             | EC               | CORP              | PH        |   7878900 | NS      | $3650783.41   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtep International Holdings Ltd.                     | Xtep International Holdings Ltd.                     | CUSIP: N/A<br>LEI: 529900ZZZZBTOKZQI549       | Long             | EC               | CORP              | KY        |   3967123 | NS      | $4390561.13   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Electrolux Professional AB                           | Electrolux Professional AB, Class B                  | CUSIP: N/A<br>LEI: 254900KI62Q46ZWD8084       | Long             | EC               | CORP              | SE        |    507721 | NS      | $2131838.56   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Oil Holdings, Inc.                              | Fuji Oil Holdings, Inc.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    121800 | NS      | $1879738.18   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| flatexDEGIRO AG                                      | flatexDEGIRO AG                                      | CUSIP: N/A<br>LEI: 529900IRBZTADXJB6757       | Long             | EC               | CORP              | DE        |    169985 | NS      | $1146244.86   | 0.32%             |  |  |  | No            |                  2 | On Loan: —       |
| OneSpaWorld Holdings Ltd.                            | OneSpaWorld Holdings Ltd.                            | CUSIP: N/A<br>LEI: 5493007W8PZ8W6UC2X76       | Long             | EC               | CORP              | BS        |    492132 | NS      | $4591591.56   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Anora Group OYJ                                      | Anora Group OYJ                                      | CUSIP: N/A<br>LEI: 52990007AXNSS4PNX352       | Long             | EC               | CORP              | FI        |    397346 | NS      | $3133677.71   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| OneSpaWorld Holdings Ltd.                            | OneSpaWorld Holdings Ltd.                            | CUSIP: N/A<br>LEI: 5493007W8PZ8W6UC2X76       | Long             |  | CORP              | BS        |     59949 | NS      | $74936.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Modelling Group Ltd.                        | Computer Modelling Group Ltd.                        | CUSIP: 205249105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    755404 | NS      | $3252588.86   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bucher Industries AG                                 | Bucher Industries AG                                 | CUSIP: N/A<br>LEI: 52990014AQ91A29HPB27       | Long             | EC               | CORP              | CH        |     13915 | NS      | $5806818.82   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Technogym SpA                                        | Technogym SpA                                        | CUSIP: N/A<br>LEI: 815600B9149F66E77F76       | Long             | EC               | CORP              | IT        |    824172 | NS      | $6320292.60   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| MARR SpA                                             | MARR SpA                                             | CUSIP: N/A<br>LEI: 815600576D5536AC7B34       | Long             | EC               | CORP              | IT        |    196370 | NS      | $2397294.68   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnoPro Holdings, Inc.                             | TechnoPro Holdings, Inc.                             | CUSIP: N/A<br>LEI: 3538001DJ8I5PJQNHU53       | Long             | EC               | CORP              | JP        |    215900 | NS      | $5745992.97   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| i-SENS, Inc.                                         | i-SENS, Inc.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     90388 | NS      | $2366342.06   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Tres Tentos Agroindustrial SA                        | Tres Tentos Agroindustrial SA                        | CUSIP: N/A<br>LEI: 549300QQ67YECUJQIV31       | Long             | EC               | CORP              | BR        |    901600 | NS      | $1590913.88   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Templeton Institutional Funds

**Signature:** Ryan Wheeler

**Name of Signer:** Ryan Wheeler

**Title:** Assistant Treasurer