FTIF - Templeton Asian Growth Fund August 31, 2021

FTIF - Templeton Asian Growth 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 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 11,844,400 $141,429,811 4.60% N/A N/A

BK6YZP5 ALIBABA GROUP HOLDING LTD 9,452,600 $197,932,319 6.43% N/A N/A

BP41ZD1 ALIBABA GROUP HOLDING LTD 76,249 $12,732,820 0.41% N/A N/A

ALIBABA HEALTH INFORMATION BRXVS60 6,476,000 $10,689,084 0.35% N/A N/A TECHNOLOGY LTD

6273583 ENTERPRISE LTD 129,109 $8,781,727 0.29% N/A N/A

BANGKOK DUSIT MEDICAL SERVICES BLZGSM7 15,355,400 $11,127,436 0.36% N/A N/A PCL

B01C1P6 BANK CENTRAL ASIA TBK PT 21,121,700 $48,466,053 1.57% N/A N/A

BEIJING ORIENTAL YUHONG BD5CFP1 2,723,828 $20,404,335 0.66% N/A N/A WATERPROOF TECHNOLOGY CO LTD

BRILLIANCE CHINA AUTOMOTIVE 6181482 16,236,300 $7,438,567 0.24% N/A N/A HOLDINGS LTD

BKDXJH5 BUDWEISER BREWING CO APAC LTD 12,177,000 $30,426,779 0.99% N/A N/A

B01B1L9 CHINA MENGNIU DAIRY CO LTD 9,776,000 $58,799,920 1.91% N/A N/A

B1DYPZ5 CHINA MERCHANTS BANK CO LTD 10,713,000 $88,356,026 2.87% N/A N/A

CHINA RESOURCES CEMENT B41XC98 14,489,300 $14,206,493 0.46% N/A N/A HOLDINGS LTD

6193766 CHINA RESOURCES LAND LTD 10,100,000 $37,514,381 1.22% N/A N/A

COUNTRY GARDEN SERVICES BDQZP48 4,200,878 $32,055,476 1.04% N/A N/A HOLDINGS CO LTD

CROMPTON GREAVES CONSUMER BD87BS8 4,116,225 $26,662,549 0.87% N/A N/A ELECTRICALS LTD

6175203 DBS GROUP HOLDINGS LTD 1,512,006 $33,525,821 1.09% N/A N/A

DDD1152925 FLIPKART PRIVATE LIMITED 169,222 $31,999,880 1.04% N/A N/A

BGQL729 GODREJ PROPERTIES LTD 1,105,337 $22,527,802 0.73% N/A N/A

GUANGZHOU TINCI MATERIALS BD5LR63 2,061,282 $43,492,996 1.41% N/A N/A TECHNOLOGY CO LTD

B5Q3JZ5 HDFC BANK LTD 2,940,938 $63,479,958 2.06% N/A N/A

DDD1120953 HEMISPHERE PROPERTIES LTD 321,940 $0 0.00% N/A N/A

B0GWF48 LTD 6,078,878 $38,909,212 1.26% N/A N/A

BRB3857 HUA HONG SEMICONDUCTOR LTD 2,442,000 $14,371,733 0.47% N/A N/A franklintempleton.lu 1 FTIF - Templeton Asian Growth Fund August 31, 2021

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

BSZ2BY7 ICICI BANK LTD 10,942,941 $107,253,437 3.49% N/A N/A

INDOCEMENT TUNGGAL PRAKARSA 6454861 29,724,300 $23,412,972 0.76% N/A N/A TBK PT

B1685L0 INFO EDGE INDIA LTD 288,195 $24,359,071 0.79% N/A N/A

6205122 LTD 2,491,305 $58,190,614 1.89% N/A N/A

BKPQZT6 JD.COM INC 1,611,500 $63,334,045 2.06% N/A N/A

6135661 LTD 2,190,219 $52,525,870 1.71% N/A N/A

BP3R2F1 KWEICHOW MOUTAI CO LTD 143,255 $34,576,530 1.12% N/A N/A

BYZW4H3 LAOBAIXING PHARMACY CHAIN JSC 1,581,662 $12,498,824 0.41% N/A N/A

B0166K8 LARSEN & TOUBRO LTD 1,914,015 $43,762,458 1.42% N/A N/A

6578608 L&F CO LTD 86,027 $8,569,115 0.28% N/A N/A

6346913 LG CHEM LTD 86,521 $56,405,338 1.83% N/A N/A

LONGI GREEN ENERGY TECHNOLOGY BRTL411 2,247,771 $31,158,042 1.01% N/A N/A CO LTD

6372480 MEDIATEK INC 2,163,000 $70,296,077 2.28% N/A N/A

BGJW376 MEITUAN 912,900 $29,189,387 0.95% N/A N/A

BD5CPP1 MIDEA GROUP CO LTD 3,961,281 $40,497,014 1.32% N/A N/A

B018BZ4 MINOR INTERNATIONAL PCL 7,317,814 $7,424,939 0.24% N/A N/A

BJJN0R9 MINOR INTERNATIONAL PCL 1,306,060 $11,738 0.00% N/A 09/30/21

BM9H9S6 MINOR INTERNATIONAL PCL 252,338 $41,059 0.00% N/A 05/05/23

BM9H9T7 MINOR INTERNATIONAL PCL 228,682 $31,043 0.00% N/A 02/15/24

BN2BP28 MINOR INTERNATIONAL PCL 332,628 $109,278 0.00% N/A 07/31/23

6560393 NAVER CORP 228,018 $86,378,489 2.81% N/A N/A

PING AN INSURANCE GROUP CO OF B01FLR7 8,867,000 $68,657,425 2.23% N/A N/A CHINA LTD

6771720 SAMSUNG ELECTRONICS CO LTD 4,512,062 $298,024,856 9.68% N/A N/A

BYWD7L4 SEA LTD 148,500 $50,240,520 1.63% N/A N/A

6795236 SEMEN INDONESIA PERSERO TBK PT 59,025,200 $38,212,388 1.24% N/A N/A

Y7866P147 SIAM CEMENT PUBLIC CO LTD (THE) 1,744,636 $23,235,002 0.76% N/A N/A

6450267 SK HYNIX INC 367,074 $33,625,981 1.09% N/A N/A

B068DB9 SM INVESTMENTS CORP 1,257,720 $25,479,853 0.83% N/A N/A

TAIWAN SEMICONDUCTOR 6889106 15,180,000 $333,717,221 10.84% N/A N/A MANUFACTURING CO LTD

B01NPJ1 TATA CONSULTANCY SERVICES LTD 571,071 $29,585,213 0.96% N/A N/A

B0190C7 TECHTRONIC INDUSTRIES CO LTD 2,442,500 $54,057,598 1.76% N/A N/A

BMTQR78 TEMPLETON CHINA A-SHARES FUND 3,249,232 $27,845,924 0.90% N/A N/A

G87572163 TENCENT HOLDINGS LTD 3,796,600 $234,487,065 7.62% N/A N/A

BK1K3N2 TRIP.COM GROUP LTD 696,000 $21,221,040 0.69% N/A N/A

B01GZF6 ULTRATECH CEMENT LTD 280,341 $30,055,722 0.98% N/A N/A

BYWFSB7 LTD 1,477,569 $14,450,712 0.47% N/A N/A

6743956 WEICHAI POWER CO LTD 7,287,000 $18,387,524 0.60% N/A N/A

WILL SEMICONDUCTOR CO LTD BK947V2 184,264 $6,908,351 0.22% N/A N/A SHANGHAI franklintempleton.lu 2 FTIF - Templeton Asian Growth Fund August 31, 2021

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

98850P109 YUM CHINA HOLDINGS INC 567,900 $34,959,924 1.14% N/A N/A

BL6P210 ZOMATO LTD 1,109,328 $2,046,032 0.07% N/A N/A

franklintempleton.lu 3 FTIF - Templeton Asian Growth 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.

Issued by Franklin Templeton International Services S.à r.l.

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

© 2021 Franklin Templeton Investments. All rights reserved. franklintempleton.lu 4