To seek long-term investment growth, through growth of capital, from a portfolio of Shariah-compliant equity securities. The Fund mainly invests in Shariah-compliant equities of companies of any market capitalisation in technology sectors, such as computers and electronic components, information technology, internet, telecommunications, and media and information services. These investments may be from anywhere in the world, including Mainland China.

• Seeking capital appreciation by investing in equity securities.
• Seeking a growth investment in the technology sector in the US and around the world.
• Planning to hold their investment for the medium to long term.
• The Strategy’s investment universe is comprised of companies included in the Ideal Ratings Shariah universe.

Access to Technology stocks. Franklin adopts a broader definition of "technology": companies that are creating, implementing or commercializing new technologies that are used to enhance productivity or create new services.

A proven investment process. The investment style is a combination of bottom-up and top-down research. Managers begin with a high-level analysis of a particular sector, identify attractive sub-sectors and then focus research on those segments before employing a bottom-up analysis to identify the most attractive stocks.

All the benefits from a first class proprietary research team. Franklin has one of the largest US Equity research teams. In addition to that, the team is located in San Mateo, at the heart of the Silicon Valley.

Shariah Compliance. Our Shariah screening methodology is reviewed and approved by the Amanie International Shariah Supervisory Board.

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 Shariah-compliant equity securities of technology 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:
  Equity risk: prices of equities may be affected by factors such as economic, political, market, and issuer-specific changes. Such changes may adversely affect the value of the equities regardless of company-specific performance.
  Shariah compliance risk: the risk that the restriction to invest only in Shariah-compliant securities may place the Fund at a comparative disadvantage vs. funds that do not have this restriction. Returns to shareholders may also be reduced due to payments to Shariah approved charities to “purify” dividends.
  Chinese Market risk: In addition to typical risks linked to Emerging Markets, investments in China are subject to economic, political, tax and operational risks specific to the Chinese Market. Please also refer to the prospectus for China QFII risk, Bond Connect risk and Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect risk.
  Concentration risk: the risk that arises when a fund invests in relatively few holdings, few sectors or a restricted geographic area. Performance may be more volatile than a fund with a greater number of securities.

For a full discussion of all the risks applicable to this Fund, please refer to the “Risk Considerations” section of the current prospectus of Franklin Templeton Shariah Funds.