Templeton Latin America Fund LU0229944334 31 August 2021

Franklin Templeton Investment Funds Latin America Equity Templeton Latin America Fund LU0229944334 31 August 2021

Fund Fact Sheet

For Professional Client Use Only. Not for distribution to Retail Clients. Fund Overview Performance

Base Currency for Fund USD Performance over 5 Years in Share Class Currency (%) Templeton Latin America Fund I (acc) USD MSCI EM Latin America Index-NR Total Net Assets (USD) 733 million Fund Inception Date 28.02.1991 140 Number of Issuers 36 Benchmark MSCI EM Latin America 120 Index-NR Investment Style Blend Morningstar Category™ Latin America Equity 100 Summary of Investment Objective 80 The Fund aims to achieve long-term capital appreciation by investing primarily in equity securities of issuers incorporated or having their principal business activities in the Latin American region. 60 08/16 02/17 08/17 02/18 08/18 02/19 08/19 02/20 08/20 02/21 08/21 Fund Management Discrete Annual Performance in Share Class Currency (%) Gustavo Stenzel, CFA: Brazil 08/20 08/19 08/18 08/17 08/16 08/21 08/20 08/19 08/18 08/17 Ratings - I (acc) USD I (acc) USD 24.44 -20.38 15.27 -13.58 19.77 Benchmark in USD 34.73 -23.59 8.86 -11.80 22.63 Overall Morningstar Rating™: Performance in Share Class Currency (%) Asset Allocation Cumulative Since 1 Mth 3 Mths 6 Mths YTD 1 Yr 3 Yrs 5 Yrs Incept I (acc) USD 0.24 -4.37 10.65 0.19 24.44 14.21 18.21 105.68 Benchmark in USD 0.84 -0.65 16.40 5.33 34.73 12.07 21.22 102.56 Category Average -1.10 -1.68 11.72 2.74 28.13 12.71 16.42 112.68 % Equity 99.03 Calendar Year Performance in Share Class Currency (%) Cash & Cash Equivalents 0.97 2020 2019 2018 2017 2016 I (acc) USD -12.53 23.52 -7.04 24.18 25.17 Benchmark in USD -13.80 17.46 -6.57 23.74 31.04 Past performance is not an indicator or a guarantee of future performance. All performance data shown is in the currency stated, include reinvested dividends and are net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations. When performance for either the portfolio or its benchmark has been converted, different foreign exchange closing rates may be used between the portfolio and its benchmark. Top Ten Holdings (% of Total) Fund Measures Issuer Name Price to Earnings (12-mo 10.97x VALE SA 8.90 Trailing) PETROLEO BRASILEIRO SA 7.69 Price to Book 2.25x GRUPO MEXICO SAB DE CV 6.83 Price to Cash Flow 6.61x ITAUSA SA 4.91 Dividend Yield 3.22% BOLSA MEXICANA DE VALORES SAB DE CV 4.91 Standard Deviation (5 Yrs) 27.84% TOTVS SA 4.87 Sharpe Ratio (5 Yrs) 0.08 GRUPO FINANCIERO BANORTE SAB DE CV 4.33 Tracking Error (5 Yrs) 4.43% BANCO BRADESCO SA 4.11 Information Ratio (5 Yrs) -0.12 B3 SA - BRASIL BOLSA BALCAO 4.09 Beta (5 Yrs) 0.98 ITAU UNIBANCO HOLDING SA 3.55 Share Class Information (For a full list of available share classes, please visit our local website) Fees Fund Identifiers TER (%) Max. Annual Share Class Incept Date NAV 31.07.2021 Charge (%) Bloomberg ID ISIN Valoren I (acc) USD 25.10.2005 USD 20.57 1.27 1.00 TEMLAIA LX LU0229944334 2277210

Address Phone E-Mail Web Stockerstrasse 38 +41 (0)44 217 81 81 [email protected] www.franklintempleton.ch CH-8002 Zurich Templeton Latin America Fund 31 August 2021

For Professional Client Use Only. Not for distribution to Retail Clients. Composition of Fund Templeton Latin America Fund MSCI EM Latin America Index-NR Geographic % of Total Sector % of Total Brazil 66.08 / 62.98 Financials 31.56 / 23.06 Mexico 26.42 / 24.84 Materials 18.04 / 23.70 Peru 3.96 / 2.18 Consumer Staples 16.50 / 15.18 Chile 2.56 / 5.70 Industrials 8.04 / 5.79 Argentina 0.00 / 2.27 Energy 7.69 / 9.27 Colombia 0.00 / 2.04 Information Technology 4.87 / 2.55 Cash & Cash Equivalents 0.97 / 0.00 Consumer Discretionary 4.86 / 5.28 Health Care 3.41 / 2.64 Market Capitalisation Breakdown in USD % of Equity Utilities 2.61 / 4.34 <2.0 Billion 8.93 Others 1.44 / 8.18 2.0-5.0 Billion 11.30 Cash & Cash Equivalents 0.97 / 0.00 5.0-10.0 Billion 18.46 10.0-25.0 Billion 20.50 Performance Attribution by Country 25.0-50.0 Billion 17.39 01.09.2020-31.08.2021 Total Effect >50.0 Billion 23.42 Colombia 0.32 Chile 0.01 Performance Attribution by Sector 01.09.2020-31.08.2021 Total Effect United States -0.22 Energy 0.42 Argentina -0.71 Health Care 0.27 Peru -1.00 Utilities 0.25 Mexico -1.49 Materials 0.14 Brazil -4.90 Real Estate -0.46 Cash & Cash Equivalents -0.60 Information Technology -0.51 Communication Services -0.94 Consumer Staples -0.98 Industrials -1.05 Consumer Discretionary -2.57 Financials -2.60 Cash & Other Net Assets -0.57

Largest Contributing Securities 01.08.2021-31.08.2021 Contribution to Return % TOTVS S.A. Software & Services Brazil 0.61 Petroleo Brasileiro SA Pfd Energy Brazil 0.60 Intercorp Financial Services Inc. Banks Peru 0.30 XP Inc. Class A Diversified Financials Brazil 0.27 CPFL Energia S.A. Utilities Brazil 0.26 Wal-Mart de Mexico SAB de CV Food & Staples Retailing Mexico 0.26 Kimberly-Clark de Mexico SAB de CV Class A Household & Personal Products Mexico 0.23 Itausa - Investimentos Itau SA Pfd Banks Brazil 0.22 Grupo Mexico S.A.B. de C.V. Class B Materials Mexico 0.20 Ambev SA Food Beverage & Tobacco Brazil 0.13 Smallest Contributing Securities 01.08.2021-31.08.2021 Contribution to Return % Vale S.A. Materials Brazil -0.94 Americanas SA Retailing Brazil -0.43 B3 SA - Brasil, Bolsa, Balcao Diversified Financials Brazil -0.32 Localiza Rent A Car S.A. Transportation Brazil -0.28 Rumo SA Transportation Brazil -0.28 Iguatemi Empresa de Shopping Centers S.A Real Estate Brazil -0.17 Banco Bradesco S.A. Sponsored ADR Pfd Banks Brazil -0.16 Ser Educacional SA Consumer Services Brazil -0.13 Dexco SA Materials Brazil -0.11 Lojas Americanas S.A. Retailing Brazil -0.10

What Are the Key Risks? 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 equity securities of companies located in or doing significant business in Latin America. Such emerging markets have historically been subject to significant price movements, frequently to a greater extent than equity markets globally. As a result, the performance of the Fund can fluctuate significantly over relatively short time periods. Other significant risks include: foreign currency risk, emerging markets risk, liquidity risk. For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.

www.franklintempleton.ch Templeton Latin America Fund 31 August 2021

For Professional Client Use Only. Not for distribution to Retail Clients. Important Information Data as of 31 August 2021, unless otherwise stated. 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 the Luxembourg-domiciled SICAV Franklin Templeton Investment Funds. Nothing in this document should be construed as investment advice. Subscriptions to shares of the Fund can only be made on the basis of the current Key Investor Information Document (KIID), the full prospectus of the Fund, 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 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 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. 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 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. A copy of the latest prospectus, of the Key Investor Information Document, the annual report and semi-annual report, if published thereafter can be found, on our website www.franklintempleton.ch or can be obtained, free of charge, from Franklin Templeton Switzerland Ltd, a Member of Franklin Templeton, Stockerstrasse 38, CH-8002 Zurich, Tel +41 44 217 81 81 / Fax +41 44 217 81 82, [email protected]. Paying agent in Switzerland is BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich. Issued by Franklin Templeton Switzerland Ltd, a company authorized and regulated by the Swiss Financial Market Supervisory Authority FINMA as representative of Franklin Templeton Investment Funds. References to indices are made for comparative purposes only and are provided to represent the investment environment existing during the time periods shown. An index is unmanaged and one cannot invest directly in an index. The performance of the index does not include the deduction of expenses and does not represent the performance of any Franklin Templeton fund.

Net Returns (NR) include income net of tax withholding when dividends are paid. All MSCI data is provided “as is.” The Fund described herein is not sponsored or endorsed by MSCI. In no event shall MSCI, its affiliates or any MSCI data provider have any liability of any kind in connection with the MSCI data or the Fund described herein. Copying or redistributing the MSCI data is strictly prohibited. Fund Management: CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. Ratings: © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Performance: MSCI EM Latin America Index-NR reflects performance of the MSCI EM Latin America Index (gross returns) from fund inception through 31/12/2000 and the MSCI EM Latin America Index-NR thereafter. Top Ten Holdings: These securities do not represent all of the securities purchased, sold or recommended for clients, and the reader should not assume that investment in the securities listed was or will be profitable. The portfolio manager for the Fund reserves the right to withhold release of information with respect to holdings that would otherwise be included in the top holdings list. The dividend yield quoted here is the yield on securities within the Portfolio and should not be used as an indication of the income received from this portfolio. TER: A fund’s Total Expense Ratio (TER) is a measure of its total costs and fees expressed as a percentage of the average net assets of the fund in the previous financial year and with reference to the asset class shown in the performance table. As of 31 August 2021. Calculation method according to Luxembourg law. The TER as of fiscal year-end is published in the latest available annual report and the latest semi-annual report, if published thereafter, for Switzerland and is calculated according to SFAMA guidelines. Distribution of Dividends: The Board of Directors intends to distribute all of the income attributable to the Distribution Shares. No distribution of dividends shall be made for the Accumulation Shares (acc), however the income attributable will be reflected in the increased value of the Shares. Dividends may be paid monthly (Mdis), quarterly (Qdis), or annually (Ydis). Composition of Fund: Market Capitalisation Breakdown: Where applicable “N/A” represents the percentage of the portfolio's equity positions for which market cap information was not available at publication date.