# EDGAR Filing Document

**Accession Number:** 0000225930
**File Stem:** 0001752724-23-008694
**Filing Date:** 2023-1
**Character Count:** 27364
**Document Hash:** f845104bf743a9e0d2ec99872d855805
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-008694.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-008694

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEMPLETON FUNDS
- **CENTRAL INDEX KEY:** 0000225930
- **IRS NUMBER:** 222169185
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02781
- **FILM NUMBER:** 23543676

**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 FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPLETON WORLD FUND INC
- **DATE OF NAME CHANGE:** 19821115

## Series and Classes Contracts Data

### Templeton International Climate Change Fund (Series ID: S000062009)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000200853 | Advisor Class | TICGX           |
| C000200854 | Class A       | TICBX           |
| C000200855 | Class C       | TICDX           |
| C000200857 | Class R6      | TICEX           |

## Nport-Ex

## Schedules of Investments (unaudited)

| Templeton Foreign Fund | 2 |
| --- | --- |
| Templeton International Climate Change Fund | 5 |
| Templeton World Fund | 7 |

TEMPLETON FUNDS

Schedule of Investments (unaudited), November 30, 2022

Not FDIC Insured | May Lose Value | No Bank Guarantee

W-0000

1

Notes to Schedules of Investments

9

# Templeton Foreign Fund

|  | Industry | Shares | Value |
| --- | --- | --- | --- |
| Common Stocks 98.0% |  |  |  |
| China 9.2% |  |  |  |
| Valuable Group Holding Ltd | Interest & Credit Marketing Retail | 5,129,270 | $50,202,505 |
| Baidu, Inc., ADH | Interaction Media & Services | 168,718 | 14,100,968 |
| Case Electric Appliances, Inc. of Zhuhai, |  |  |  |
| A | Household Durables | 3,965,000 | 10,145,207 |
| NXP Semiconductors NV | Semiconductors & Semiconductor Equipment | 235,400 | 41,486,257 |

2 | Quarterly Schedule of Investments | See Notes to Schedules of Investments

TEMPLETON FUNDS

SCHEDULE OF INVESTMENTS (UNMUDITED)

# Templeton Foreign Fund (continued)

| Prince NV | Interest & Direct Marketing | 918,000 | 60,000,000 |
| --- | --- | --- | --- |
| Trinity, Inc. | Interest & Direct Marketing Retail | 4,420,432 | 60,176,317 |
| South Korea T.P. |  |  | 240,970,057 |
| Transit & Transit Group, Inc. | Series | 1,474,406 | 800,233,058 |
| Transit & Transit Group, Inc. | Technology Hardware, Testing & Equipment | 1,000,000 | 40,000,000 |
| Transit & Transit Group, Inc. | Series | 288,000,000 | 40,000,000 |
| Transit Inc. | Auto Components | 2,239,210 | 10,000,000 |
| Video | Auto Components | 2,239,210 | 10,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 3

TEMPLETON FUNDS
SCHEDULE OF INVESTMENTS (UNAUDITED)

Templeton Foreign Fund (continued)

| Short Term Investments (continued) | Budget Statement & Summary | 5/6/2023 | 5/6/2022 |
| --- | --- | --- | --- |
| Securities & Subsidiaries | Energy Equipment & Lumber | 5/6/2022 | 5/6/2021 |
| Commodity Taxes |  |  |  |
| Investments from Cash Collateral Received for Loan | Commercial | 1,161,137 | 67,492,308 |
| Securities & Subsidiaries | Financial Services | 793,887,408 | 72,282,508 |
| Securities & Subsidiaries | Investments | 792,308 | 47,083,503 |
| Securities & Subsidiaries | Investments | 683,848 | 35,320,045 |
| Securities & Subsidiaries | Investments | 1,113,287 | 35,320,045 |
| Securities & Subsidiaries | Securities & Subsidiaries | 1,113,287 | 35,320,045 |
| Securities & Subsidiaries | Securities & Subsidiaries | 1,113,287 | 35,320,045 |

4 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

TEMPLETON FUNDS

# Schedule of Investments (unaudited), November 30, 2022

# Templeton International Climate Change Fund

| Total Investments from Cash Collateral Received for Loaned 2022 (Cost) | Balance | Balance |
| --- | --- | --- |
| 95,000,000.00 | 64,406,117 | 64,406,117 |
| 95,000,000.00 | 2,000,000 | 2,000,000 |
| Total Investments (Cost $50,967,307) | 5,645,000 | 5,645,000 |
| Total Investments (Cost $2,583,184,572) 100.2% | 1,000,000 | 1,000,000 |
| Total Investments (Cost $2,583,184,572) 100.2% | 1,000,000 | 1,000,000 |
| Total Investments (Cost $2,583,184,572) 100.2% | 1,000,000 | 1,000,000 |
| Total Investments (Cost $2,583,184,572) | 1,000,000 | 1,000,000 |
| Net Assets 100.2% | 7,000,000 | 7,000,000 |

See Notes to Schedules of Investments

Quarterly Schedule of Investments

5

TEMPLETON FUNDS

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Templeton International Climate Change Fund (continued)

| United Kingdom | £ | £ | £ |
| --- | --- | --- | --- |
| United States | £ | £ | £ |
| United Kingdom | £ | £ | £ |
| United States | £ | £ | £ |
| United Kingdom | £ | £ | £ |
| United States | £ | £ | £ |
| United Kingdom | £ | £ | £ |
| United States | £ | £ | £ |
| United Kingdom | £ | £ | £ |
| United States | £ | £ | £ |

9 Quarterly Schedule of Investments - See Notes to Schedule of Investments.

TEMPLETON FUNDS

# Schedule of Investments (unaudited), November 30, 2022

# Templeton World Fund

| 2022 | 2021 | 2020 | 2019 |
| --- | --- | --- | --- |
| 2022 | 2021 | 2020 | 2019 |
| 2021 | 2020 | 2019 | 2018 |
| 2020 | 2019 | 2018 | 2017 |
| 2019 | 2018 | 2017 | 2016 |
| 2018 | 2017 | 2016 | 2015 |
| 2017 | 2016 | 2015 | 2014 |
| 2016 | 2015 | 2014 | 2013 |
| 2015 | 2014 | 2013 | 2012 |
| 2014 | 2013 | 2012 | 2011 |
| 2013 | 2012 | 2011 | 2010 |
| 2012 | 2011 | 2010 | 2009 |
| 2011 | 2010 | 2009 | 2008 |
| 2010 | 2009 | 2008 | 2007 |
| 2009 | 2008 | 2007 | 2006 |
| 2008 | 2007 | 2006 | 2005 |
| 2007 | 2006 | 2005 | 2004 |
| 2006 | 2005 | 2004 | 2003 |
| 2005 | 2004 | 2003 | 2002 |
| 2004 | 2003 | 2002 | 2001 |
| 2003 | 2002 | 2001 | 2000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 7

TEMPLETON FUNDS

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Templeton World Fund (continued)

| Total Common Stock (Costs) | Balance | 2014 | 2013 |
| --- | --- | --- | --- |
| Total Common Stock (Costs) | $2,000,000 | $2,000,000 | $2,000,000 |
| Total Common Stock (Costs) | $2,000,000 | $2,000,000 | $2,000,000 |
| Total Common Stock (Costs) | $2,000,000 | $2,000,000 | $2,000,000 |
| Total Common Stock (Costs) | $2,000,000 | $2,000,000 |  |
| Total Common Stock (Costs) | $2,000,000 | $2,000,000 |  |
| Total Common Stock (Costs) | $2,000,000 | $2,000,000 |  |
| Total Common Stock (Costs) | $2,000,000 | $2,000,000 |  |

9 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

TEMPLETON FUNDS

# Notes to Schedules of Investments (unaudited)

| 1. Organization | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| --- | --- | --- | --- | --- |
| 2. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 3. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 4. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 5. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 6. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 7. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 8. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 9. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 10. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 11. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 12. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 13. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 14. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 15. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 16. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 17. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 18. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 19. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |
| 20. The Bank of New Jersey | Company, S.P.A. 1,000,000 | New Jersey | 1,000,000 | 50,000,000 |

Quarterly Schedules of Investments

1

TRANSLATION FASEB

NOTES TO SCHEDULES OF INVESTMENTS (UNAUDITED)

# 2. Financial/嚴格的 Valuation

The Financial/嚴格的 Valuation is based on the results presented in the Financial Statements and Financial Statements section. The Financial Statements and Financial Statements section are based on the results presented in the Financial Statements and Financial Statements section. The Financial Statements and Financial Statements section are based on the results presented in the Financial Statements and Financial Statements section. The Financial Statements and Financial Statements section are based on the results presented in the Financial Statements and Financial Statements section.

32

Quarterly Schedule of Investments

TEMPLETON FUNDS

NOTES TO SCHEDULES OF INVESTMENTS (UNAUDITED)

# 4. Fair Value Measurements

The fair value measurements are based on the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value

Quarterly Schedules of Investments

11

TRANSLATION FURDER

NOTES TO SCHEDULES OF INVESTMENTS EXHAUSTED:

| 4. Fair Value Measurements | Interactive Media & Services | 1,083,010 | 107,413,974 |
| --- | --- | --- | --- |
| Funding | Innovative Media & Services | 1,183,010 | 107,413,974 |
| Funding | Innovative Media & Services | 1,183,010 | 107,413,974 |
| Funding | Innovative Media & Services | 1,183,010 | 107,413,974 |
| Funding | Innovative Media & Services | 1,183,010 |  |

For additional information on the Funds' significant accounting policies, please refer to the Funds' most recent semiannual or annual shareholder report.

12 Quarterly Schedule of Investments

NCA Healthcare, Inc. Health Care Providers & Services 140.000 20.7.2021

The Health Care Providers & Services is determine the fair value of the care providers and which manufacturers are not required to pay for the services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided by the procedures, the Funds primarily employ a professional application which may use the services and services provided

Copyright © 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100

Copyright © 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2011, 2

| Year of Government | 2014 | 2013 | 2012 | 2011 | 2010 |
| --- | --- | --- | --- | --- | --- |
| Abbreviations |  |  |  |  |  |
| 1. Public | 25,115 | 25,115 |  |  |  |
| 2. Public | 22,427 | 22,427 |  |  |  |
| 3. Public | 212,361 | 212,361 |  |  |  |
| 4. Public | 241,400 | 241,400 |  |  |  |
| 5. Public | 80,000 | 80,000 |  |  |  |
| 6. Public | 80,378 | 80,378 |  |  |  |
| 7. Public | 93,038 | 93,038 |  |  |  |

## 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 Funds

- **b. Investment Company Act file number:** 811-02781

- **c. CIK number of Registrant:** 0000225930

- **d. LEI of Registrant:** 549300821JJXJNIYNR98

- **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:** Templeton International - Climate Change Fund

- **b. EDGAR series identifier (if any):** S000062009

- **c. LEI of Series:** 549300PJ4Z9INVJYPX57

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $2369265.24

**Total Liabilities:** $41193.56

**Net Assets:** $2328071.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200854 | -11.83%              | 8.05%                | 17.49%               |
| Class ID C000200855 | -11.84%              | 8.06%                | 17.51%               |
| Class ID C000200853 | -11.72%              | 8.03%                | 17.46%               |
| Class ID C000200857 | -11.82%              | 8.16%                | 17.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-54090.01               | $-182767.72                                |
| Month 2  | $-153.08                 | $146333.74                                 |
| Month 3  | $-2331.24                | $343928.39                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Taiwan Semiconductor Manufacturing Co. Ltd.            | Taiwan Semiconductor Manufacturing Co. Ltd.            | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1200 | NS      | $99576.00     | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta plc                                        | Antofagasta plc                                        | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |      1451 | NS      | $25115.38     | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                           | ING Groep NV                                           | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |      9919 | NS      | $120309.10    | 5.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                                | Vestas Wind Systems A/S                                | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |      4252 | NS      | $110497.28    | 4.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                                           | Prysmian SpA                                           | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |      3436 | NS      | $121110.70    | 5.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Smurfit Kappa Group plc                                | Smurfit Kappa Group plc                                | CUSIP: N/A<br>LEI: 635400CPLP8H5ITDVT56       | Long             | EC               | CORP              | IE        |      2577 | NS      | $93636.42     | 4.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeo                                                  | Valeo                                                  | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | EC               | CORP              | FR        |      4644 | NS      | $86834.42     | 3.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain                                    | Cie de Saint-Gobain                                    | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      2016 | NS      | $92978.76     | 3.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaveri Seed Co. Ltd.                                   | Kaveri Seed Co. Ltd.                                   | CUSIP: N/A<br>LEI: 894500FEWZB4Q6S1O477       | Long             | EC               | CORP              | IN        |      3124 | NS      | $19624.99     | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co. Ltd.                                   | Honda Motor Co. Ltd.                                   | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |      3465 | NS      | $84450.66     | 3.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE                                  | Schneider Electric SE                                  | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |       475 | NS      | $70158.75     | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NHPC Ltd.                                              | NHPC Ltd.                                              | CUSIP: N/A<br>LEI: 3358003ZPPTGWT595J46       | Long             | EC               | CORP              | IN        |     90016 | NS      | $46752.66     | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co. Ltd.                                   | Samsung SDI Co. Ltd.                                   | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |       125 | NS      | $71347.46     | 3.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Cadeler A/S                                            | Cadeler A/S                                            | CUSIP: N/A<br>LEI: 9845008439EUED140282       | Long             | EC               | CORP              | DK        |      5443 | NS      | $20656.11     | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| STMicroelectronics NV                                  | STMicroelectronics NV                                  | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | NL        |      3033 | NS      | $117420.63    | 5.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                        | Norsk Hydro ASA                                        | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |     11604 | NS      | $87391.98     | 3.75%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                | E.ON SE                                                | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     10078 | NS      | $96641.93     | 4.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Veolia Environnement SA                                | Veolia Environnement SA                                | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |      3188 | NS      | $82527.25     | 3.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                     | Toyota Motor Corp.                                     | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |      5200 | NS      | $76555.66     | 3.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                               | Infineon Technologies AG                               | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |      2876 | NS      | $96624.70     | 4.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Signify NV                                             | Signify NV                                             | CUSIP: N/A<br>LEI: 549300072P3J1X8NZO35       | Long             | EC               | CORP              | NL        |      3085 | NS      | $105387.30    | 4.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered plc                                 | Standard Chartered plc                                 | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |     14335 | NS      | $106821.82    | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Red Electrica Corp. SA                                 | Red Electrica Corp. SA                                 | CUSIP: N/A<br>LEI: 5493009HMD0C90GUV498       | Long             | EC               | CORP              | ES        |      1371 | NS      | $24008.68     | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                        | AstraZeneca plc                                        | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |       511 | NS      | $69184.90     | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                            | Bayerische Motoren Werke AG                            | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |       531 | NS      | $48223.38     | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Soltec Power Holdings SA                               | Soltec Power Holdings SA                               | CUSIP: N/A<br>LEI: 959800L6L2B2GGN73292       | Long             | EC               | CORP              | ES        |     11567 | NS      | $58058.98     | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Danieli & C Officine Meccaniche SpA                    | Danieli & C Officine Meccaniche SpA                    | CUSIP: N/A<br>LEI: 815600B4B8C6A353E566       | Long             | EC               | CORP              | IT        |      1563 | NS      | $24419.65     | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio | Institutional Fiduciary Trust - Money Market Portfolio | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |    152927 | NS      | $152927.45    | 6.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE plc                                                | SSE plc                                                | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |      3511 | NS      | $72847.28     | 3.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Metal Mining Co. Ltd.                         | Sumitomo Metal Mining Co. Ltd.                         | CUSIP: N/A<br>LEI: 353800CF81IXL9974H84       | Long             | EC               | CORP              | JP        |      2242 | NS      | $75622.36     | 3.25%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Templeton Funds

**Signature:** Jeffrey W. White

**Name of Signer:** Jeffrey W. White

**Title:** Assistant Treasurer