Templeton Global Equity Income Fund August 31, 2021

FTIF - Templeton Global Equity Income Fund August 31, 2021

FTIF - Templeton Global Equity August 31, 2021 Income 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 annual financial statements of the fund.

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

B4TX8S1 AIA GROUP LTD 70,295 $839,367 1.10% N/A N/A

012653101 ALBEMARLE CORP 7,404 $1,752,822 2.31% N/A N/A

025816109 AMERICAN EXPRESS CO 12,293 $2,040,146 2.68% N/A N/A

BYPBS67 ARCELORMITTAL SA 14,303 $479,701 0.63% N/A N/A

0989529 ASTRAZENECA PLC 11,321 $1,323,868 1.74% N/A N/A

084670702 BERKSHIRE HATHAWAY INC 2,308 $659,557 0.87% N/A N/A

09857L108 BOOKING HOLDINGS INC 520 $1,195,828 1.57% N/A N/A

0798059 BP PLC 256,108 $1,041,885 1.37% N/A N/A

171779309 CIENA CORP 14,245 $813,816 1.07% N/A N/A

BYZQ077 CK ASSET HOLDINGS LTD 190,475 $1,240,382 1.63% N/A N/A

BW9P816 CK HUTCHISON HOLDINGS LTD 170,432 $1,242,458 1.63% N/A N/A

20030N101 COMCAST CORP 26,480 $1,606,806 2.11% N/A N/A

4067164 DASSAULT AVIATION SA 821 $926,839 1.22% N/A N/A

256746108 DOLLAR TREE INC 13,389 $1,212,240 1.60% N/A N/A

23355L106 DXC TECHNOLOGY CO 29,372 $1,078,539 1.42% N/A N/A

4942904 E.ON SE 97,466 $1,285,868 1.69% N/A N/A

315616102 F5 NETWORKS INC 7,422 $1,510,896 1.99% N/A N/A

6356934 FANUC CORP 4,034 $878,851 1.16% N/A N/A

35671D857 FREEPORT-MCMORAN INC 24,960 $908,294 1.20% N/A N/A

FRESENIUS MEDICAL CARE AG & CO 5129074 12,575 $966,849 1.27% N/A N/A KGAA

0925288 GLAXOSMITHKLINE PLC 40,020 $804,997 1.06% N/A N/A

6429104 HITACHI LTD 32,992 $1,823,352 2.40% N/A N/A

6435145 HONDA MOTOR CO LTD 72,444 $2,192,634 2.89% N/A N/A

B94G471 ICON PLC 3,757 $960,927 1.26% N/A N/A

0454492 IMPERIAL BRANDS PLC 41,857 $887,620 1.17% N/A N/A

5889505 INFINEON TECHNOLOGIES AG 19,794 $842,748 1.11% N/A N/A

46625H100 JPMORGAN CHASE & CO 9,566 $1,530,081 2.01% N/A N/A

BYQ7HZ6 JUST EAT TAKEAWAY.COM NV 11,313 $1,024,986 1.35% N/A N/A franklintempleton.lu 1 FTIF - Templeton Global Equity Income Fund August 31, 2021

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

B3DF0Y6 KB FINANCIAL GROUP INC 22,423 $1,020,524 1.34% N/A N/A

6346913 LG CHEM LTD 1,538 $1,002,663 1.32% N/A N/A

56585A102 MARATHON PETROLEUM CORP 25,761 $1,526,854 2.01% N/A N/A

G5960L103 MEDTRONIC PLC 9,149 $1,221,208 1.61% N/A N/A

B505PN7 NXP SEMICONDUCTORS NV 6,530 $1,404,798 1.85% N/A N/A

0709954 PRUDENTIAL PLC 49,596 $1,033,276 1.36% N/A N/A

7110388 ROCHE HOLDING AG 2,598 $1,042,954 1.37% N/A N/A

B03MM40 ROYAL DUTCH SHELL PLC 61,204 $1,204,304 1.58% N/A N/A

6771720 SAMSUNG ELECTRONICS CO LTD 34,159 $2,256,225 2.97% N/A N/A

B156T57 SBM OFFSHORE NV 36,273 $660,120 0.87% N/A N/A

5727973 SIEMENS AG 6,678 $1,107,798 1.46% N/A N/A

830566105 SKECHERS USA INC 23,475 $1,183,844 1.56% N/A N/A

0922320 SMITH & NEPHEW PLC 39,409 $754,616 0.99% N/A N/A

6821506 SONY GROUP CORP 11,877 $1,228,026 1.62% N/A N/A

844741108 SOUTHWEST AIRLINES CO 29,558 $1,471,397 1.94% N/A N/A

0408284 STANDARD CHARTERED PLC 188,121 $1,173,105 1.54% N/A N/A

6858849 SUMITOMO METAL MINING CO LTD 46,019 $1,763,492 2.32% N/A N/A

SUMITOMO MITSUI FINANCIAL GROUP 6563024 36,011 $1,242,944 1.64% N/A N/A INC

6817895 SUNDRUG CO LTD 32,200 $1,065,743 1.40% N/A N/A

TAIWAN SEMICONDUCTOR 6889106 106,813 $2,348,177 3.09% N/A N/A MANUFACTURING CO LTD

872540109 TJX COS INC/THE 7,684 $558,780 0.74% N/A N/A

872590104 T-MOBILE US INC 10,433 $1,429,529 1.88% N/A N/A

6895675 TOKYO ELECTRON LTD 2,452 $1,050,298 1.38% N/A N/A

6894241 TOPCON CORP 49,800 $845,293 1.11% N/A N/A

6900546 TOYOTA INDUSTRIES CORP 14,222 $1,200,772 1.58% N/A N/A

6321954 TRAVELSKY TECHNOLOGY LTD 275,000 $515,137 0.68% N/A N/A

BRJL176 UBS GROUP AG 66,227 $1,104,446 1.45% N/A N/A

91324P102 UNITEDHEALTH GROUP INC 2,088 $869,171 1.14% N/A N/A

254687106 WALT DISNEY CO/THE 9,804 $1,777,465 2.34% N/A N/A

949746101 WELLS FARGO & CO 17,362 $793,443 1.04% N/A N/A

WESTINGHOUSE AIR BRAKE 929740108 18,519 $1,662,821 2.19% N/A N/A TECHNOLOGIES CORP.

2221984 WHEATON PRECIOUS METALS CORP 1,649 $74,314 0.10% N/A N/A

WPM 4.00% ELN ISSUED BY ROYAL DDD1111143 37,173 $1,695,437 2.23% N/A 09/27/21 BANK OF CANADA

98956P102 ZIMMER BIOMET HOLDINGS INC 9,656 $1,452,745 1.91% N/A N/A

franklintempleton.lu 2 FTIF - Templeton Global Equity Income Fund August 31, 2021

LUXEMBOURG PUBLIC DISCLAIMER

This information is intended to be of general information and interest only and does not constitute legal or neither tax advice nor is it an offer for shares or invitation to apply for shares of the Luxembourg-domiciled SICAV Franklin Templeton Investment Funds (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 prospectus of the Fund and where available, in the relevant Key Investor Information Document, accompanied by the latest available audited annual report and the latest semi-annual 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 prospectus and where available, in 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 more fully described in the Fund’s prospectus and where available, in the relevant Key Investor Information Document.

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, and where available, the relevant Key Investor Information Document, the annual report and semi-annual report, if published, thereafter can be found on our website www.ftidocuments.com or can be obtained, free of charge, from Franklin Templeton International Services S.à r.l.- Supervised by the Commission de Surveillance du Secteur Financier - 8A, rue Albert Borschette L-1246 Luxembourg - Tel: +352-46 66 67-1 - Fax: +352-46 66 76.

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Franklin Templeton International Services S.à.r.l. 8A, rue Albert Borschette L-1246 Luxembourg +352 46 66 67 1 franklintempleton.lu