From this section, you can access the detailed portfolio holdings of Franklin Templeton Investment Funds and Franklin Templeton Strategic Allocation Funds, our Luxembourg registered SICAVs, as of the date specified in PDF files below. Our global portfolio holdings release policy allows for the release of complete fund portfolio holdings each quarter with a 30-day lag. In general, portfolio holdings are not disclosed more frequently to protect the best interests of shareholders; more frequent disclosure could be detrimental by making trades less effective.

• This information is intended to be of general information and 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 Luxembourg-domiciled SICAV Franklin Templeton Investment Funds or Franklin Templeton Strategic Allocation Funds (individually the “Fund”). Nothing in this information should be construed as investment advice.
• Information and data provided at publication date are subject to change without prior notice especially given the rapidly changing market environment. Franklin Templeton Investments disclaims responsibility for
  updating this data and should not be liable to any user of this information or to any other person or entity
  for the inaccuracy of information or any errors or omissions in its content, regardless of the cause of such
  inaccuracy, error or omission.
• Subscriptions to shares of the Fund can only be made on the basis of the current full or simplified
  prospectus of the Fund, accompanied by the latest available audited annual report and the latest semiannual
  report if published thereafter.
• 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 indication 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 full and simplified prospectus. In
  emerging markets, the risks can be greater than in developed markets. Investments in derivative
  instruments entail specific risks more fully described in the Fund’s prospectus.
• No shares of the Fund may be directly or indirectly offered or sold to nationals or residents of the United
  States of America. Shares of the Fund are not available for distribution in all jurisdictions and prospective
  investors should confirm availability with their local Franklin Templeton Investments representative before
  making any plans to invest.
• Any research and analysis contained in this document has been procured by Franklin Templeton Investments 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 future performance.
• Please consult your financial advisor before deciding to invest. A copy of the latest prospectus, the annual report and semi-annual report, if published thereafter can be found on our website www.franklintempleton.lu or can be obtained, free of charge, from Franklin Templeton International Services S.A. - Professional of the Financial Sector under the supervision of the Commission de Surveillance du Secteur Financier - 26 Boulevard Royal L-2449 Luxembourg - Tel: +352-46 66 67-1 - Fax: +352-46 66 76.

Issued by Franklin Templeton International Services S.A.