FTIF - Templeton Latin America Fund August 31, 2021

FTIF - Templeton Latin America August 31, 2021 Fund

Portfolio Holdings

The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the semi- and annual financial statements of the fund.

Security Security Shares/ Market % of Coupon Maturity Identifier Name Positions Held Value TNA Rate Date

2311238 AGUAS ANDINAS SA 25,207,469 $5,637,478 0.77% N/A N/A

BG7ZWY7 AMBEV SA 6,942,756 $22,961,024 3.13% N/A N/A

B06L266 AMERICANAS SA 2,198,825 $17,588,728 2.40% N/A N/A

BF7LBH4 ATACADAO SA 4,417,886 $15,507,950 2.12% N/A N/A

BG36ZK1 SA - BRASIL BOLSA BALCAO 11,013,794 $29,970,521 4.09% N/A N/A

059460303 SA 6,714,231 $30,079,754 4.11% N/A N/A

BOLSA MEXICANA DE VALORES SAB DE B39VVF6 17,358,842 $35,954,394 4.91% N/A N/A CV

B1RYG58 BR MALLS PARTICIPACOES SA 2,160,864 $3,773,796 0.52% N/A N/A

2840970 CCR SA 3,637,359 $8,617,583 1.18% N/A N/A

B031NN3 CPFL ENERGIA SA 2,405,287 $13,509,111 1.84% N/A N/A

2232878 LTD 90,355 $9,634,553 1.31% N/A N/A

B27WY88 DEXCO SA 3,037,011 $12,105,636 1.65% N/A N/A

2311443 EMBOTELLADORA ANDINA SA 4,122,168 $8,337,680 1.14% N/A N/A

FOMENTO ECONOMICO MEXICANO SAB 2242059 2,326,820 $20,258,906 2.76% N/A N/A DE CV

GRUPO AEROPORTUARIO DEL P4959P100 886,438 $10,322,368 1.41% N/A N/A PACIFICO SAB DE CV

GRUPO FINANCIERO SAB DE 2421041 4,805,996 $31,724,830 4.33% N/A N/A CV

2643674 GRUPO MEXICO SAB DE CV 10,747,275 $50,058,755 6.83% N/A N/A

HAPVIDA PARTICIPACOES E BF4J7N9 2,693,445 $7,667,948 1.05% N/A N/A INVESTIMENTOS SA

IGUATEMI EMPRESA DE SHOPPING B1NXMK6 1,025,533 $6,781,285 0.93% N/A N/A CENTERS SA

BK8WRM8 INTERCORP FINANCIAL SERVICES INC 857,445 $19,386,831 2.65% N/A N/A

2458771 ITAUSA SA 16,097,457 $35,989,711 4.91% N/A N/A

2849739 ITAU UNIBANCO HOLDING SA 4,382,883 $25,990,496 3.55% N/A N/A

KIMBERLY-CLARK DE MEXICO SAB DE 2491914 11,263,023 $19,890,882 2.71% N/A N/A CV

B08K3S0 RENT A CAR SA 1,751,631 $18,788,224 2.56% N/A N/A

2523367 SA 5,520,314 $6,213,696 0.85% N/A N/A franklintempletonnordic.com 1 FTIF - Templeton Latin America Fund August 31, 2021

Security Security Shares/ Market % of Coupon Maturity Identifier Name Positions Held Value TNA Rate Date

DDD1033582 NATURA & CO HOLDING SA 856,453 $8,550,367 1.17% N/A N/A

2683777 DISTRIBUIDORA SA 1,428,075 $7,509,715 1.02% N/A N/A

DDD265376 PETROLEO BRASILEIRO SA 10,717,016 $56,356,802 7.69% N/A N/A

BNDQ8P6 REDE D'OR SAO LUIZ SA 1,303,002 $17,342,951 2.37% N/A N/A

BYXZ2W5 RUMO SA 5,864,276 $21,231,638 2.90% N/A N/A

BFH4PZ9 SER EDUCACIONAL SA 1,708,100 $4,287,965 0.59% N/A N/A

SOCIEDAD QUIMICA Y MINERA DE 2718301 91,848 $4,802,907 0.66% N/A N/A CHILE SA SOQUIMICH

B10LQP6 TOTVS SA 4,664,691 $35,725,747 4.88% N/A N/A

2196286 VALE SA 3,419,303 $65,257,432 8.91% N/A N/A

P98180188 WAL-MART DE MEXICO SAB DE CV 7,135,908 $25,389,266 3.46% N/A N/A

BK4Y052 XP INC 258,408 $12,571,549 1.72% N/A N/A

franklintempletonnordic.com 2 FTIF - Templeton Latin America Fund August 31, 2021

Important Information

• Source: Franklin Templeton Investments as at 31/08/21, unless stated otherwise. The fund is a subfund of Franklin Templeton Investment Funds, a Luxembourg-domiciled SICAV. For further information please refer to the relevant Full Prospectus and the relevant Key Investor Information Document.

• 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 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 Investor 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 Investor 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 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 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 Investor 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: [email protected] 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 is authorised and regulated in the Luxemburg by the Commission de Surveillance du Secteur Financier and is authorized to conduct certain financial services in the European Economic Area including Denmark, Sweden, Norway, Iceland and Finland. in the European Economic Area including Denmark, Sweden, Norway, Iceland and Finland. Swedish, Norwegian, Finnish, Icelandic and Danish investors should contact Franklin Templeton International Services S.á r.l., Swedish Branch, filial: Nybrokajen 5, SE-111 48 Stockholm, Sweden. Phone: +46 (0) 8 545 01230 , Fax: +46 (0) 8 545 01239 , E-mail: [email protected]. Franklin Templeton International Services S.á r.l. Swedish Branch, filial is authorized to conduct certain financial activities in Sweden under supervision of the Finansinspektionen. If you are in doubt about any of the information on this Website, please consult your professional adviser.

Franklin Templeton Nybrokajen 5 SE-111 48 Stockholm, Sweden

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