FTIF - Templeton Fund August 31, 2021

August 31, 2021 FTIF - Templeton China 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

BK6YZP5 ALIBABA GROUP HOLDING LTD 1,680,789 $35,194,810 6.83% N/A N/A

A-LIVING SMART CITY SERVICES CO BFWK4M2 2,612,241 $10,381,878 2.02% N/A N/A LTD

B1YVKN8 ANTA SPORTS PRODUCTS LTD 885,305 $18,184,810 3.53% N/A N/A

B0FXT17 BAIDU INC 55,805 $8,762,501 1.70% N/A N/A

06684L103 BAOZUN INC 27,710 $667,256 0.13% N/A N/A

BGDY260 BEIGENE LTD 334,950 $7,937,467 1.54% N/A N/A

BFNLRN6 BILIBILI INC 60,964 $4,891,141 0.95% N/A N/A

B01B1L9 CHINA MENGNIU DAIRY CO LTD 987,000 $5,936,530 1.15% N/A N/A

B1DYPZ5 CO LTD 2,663,599 $21,968,171 4.27% N/A N/A

B1VRCG6 CO LTD 8,742,298 $6,820,404 1.32% N/A N/A

CHINA RESOURCES BEER HOLDINGS 6972459 886,592 $7,290,736 1.42% N/A N/A COMPANY LTD

6193766 CHINA RESOURCES LAND LTD 1,535,512 $5,703,344 1.11% N/A N/A

CHINA TOURISM GROUP DUTY FREE BP3R466 206,056 $7,289,304 1.42% N/A N/A CORP LTD

CONTEMPORARY AMPEREX BHQPSY7 101,992 $7,827,745 1.52% N/A N/A TECHNOLOGY CO LTD

B3N4087 DAQO NEW ENERGY CORP 131,945 $8,089,547 1.57% N/A N/A

BD5CPC8 CO LTD 1,350,360 $6,471,199 1.26% N/A N/A

BD6FLL7 GDS HOLDINGS LTD 149,963 $8,769,836 1.70% N/A N/A

6531827 GEELY AUTOMOBILE HOLDINGS LTD 766,500 $2,777,949 0.54% N/A N/A

GUANGZHOU TINCI MATERIALS BD5LR63 324,360 $6,843,987 1.33% N/A N/A TECHNOLOGY CO LTD

HONG KONG EXCHANGES AND 6267359 155,407 $9,817,626 1.91% N/A N/A CLEARING LTD

BRB3857 HUA HONG SEMICONDUCTOR LTD 2,235,254 $13,154,985 2.55% N/A N/A

BP3R6B5 HUNDSUN TECHNOLOGIES INC 314,444 $2,414,447 0.47% N/A N/A

BKRRKY7 I-MAB 106,890 $7,580,638 1.47% N/A N/A

BK8K0W3 INNOCARE PHARMA LTD 2,180,630 $6,090,595 1.18% N/A N/A

BGR6KX5 INNOVENT BIOLOGICS INC 1,185,719 $9,574,205 1.86% N/A N/A franklintempleton.lu 1 FTIF - Templeton China Fund August 31, 2021

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

BKPQZT6 JD.COM INC 562,998 $22,126,553 4.30% N/A N/A

BP3RFJ6 JIANGSU HENGLI HYDRAULIC CO LTD 158,647 $2,334,819 0.45% N/A N/A

BLC90T0 KUAISHOU TECHNOLOGY 300,397 $3,277,684 0.64% N/A N/A

BLPJPQ9 KWG LIVING GROUP HOLDINGS LTD 2,961,688 $2,484,624 0.48% N/A N/A

LUXSHARE PRECISION INDUSTRY CO BD5CN80 1,243,578 $6,508,704 1.26% N/A N/A LTD

BD5CMM7 LAOJIAO CO LTD 338,752 $8,933,731 1.73% N/A N/A

BGJW376 MEITUAN 802,657 $25,664,438 4.98% N/A N/A

BD5CPP1 CO LTD 680,499 $6,956,885 1.35% N/A N/A

B0RJCG9 MINTH GROUP LTD 1,784,000 $7,404,064 1.44% N/A N/A

BHR7002 MOBVISTA INC 2,098,000 $2,140,289 0.42% N/A N/A

G64270104 NETEASE INC 563,633 $10,790,001 2.10% N/A N/A

BKPS6M2 NEW HORIZON HEALTH LTD 695,000 $4,255,213 0.83% N/A N/A

BFZX9H8 NIO INC 383,370 $15,070,274 2.93% N/A N/A

PING AN INSURANCE GROUP CO OF B01FLR7 1,632,306 $12,638,990 2.45% N/A N/A CHINA LTD

BD73M39 SF HOLDING CO LTD 259,595 $2,316,976 0.45% N/A N/A

BMF7054 SHIMAO SERVICES HOLDINGS LTD 1,207,963 $2,830,316 0.55% N/A N/A

SUNNY OPTICAL TECHNOLOGY GROUP B1YBT08 201,990 $6,112,494 1.19% N/A N/A CO LTD

BD5CCV6 SUNWODA ELECTRONIC CO LTD 1,454,417 $8,827,778 1.71% N/A N/A

DDD537747 TEMPLETON CHINA A SHARES FUND 6,857 $25,025,678 4.86% N/A N/A

G87572163 HOLDINGS LTD 652,334 $40,289,702 7.82% N/A N/A

B3N0H17 VIPSHOP HOLDINGS LTD 327,453 $4,843,029 0.94% N/A N/A

6743956 CO LTD 3,150,367 $7,949,423 1.54% N/A N/A

WILL SEMICONDUCTOR CO LTD BK947V2 208,216 $7,806,349 1.52% N/A N/A SHANGHAI

BGHH0L6 WUXI APPTEC CO LTD 519,558 $10,361,500 2.01% N/A N/A

BL689P1 WUXI BIOLOGICS CAYMAN INC 1,345,040 $20,823,711 4.04% N/A N/A

98850P109 YUM CHINA HOLDINGS INC 125,452 $7,722,825 1.50% N/A N/A

franklintempleton.lu 2 FTIF - Templeton China 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 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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