Templeton Eastern Europe Fund Equity LU0195951297 31 August 2021

Franklin Templeton Investment Funds Emerging Markets Templeton Eastern Europe Fund Equity LU0195951297 31 August 2021

Fund Fact Sheet

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

Base Currency for Fund EUR Performance over 5 Years in Share Class Currency (%) Templeton Eastern Europe Fund I (acc) EUR MSCI EM Europe Index-NR Total Net Assets (EUR) 231 million Fund Inception Date 10.11.1997 180 Number of Issuers 45 160 Benchmark MSCI EM Europe Index-NR Investment Style Blend 140 Morningstar Category™ Emerging Europe Equity 120 Summary of Investment Objective The Fund aims to achieve long-term capital appreciation by 100 investing primarily in listed equity securities of issuers organised under the laws of or having their principal activities within the countries of Eastern Europe, as well as 80 08/16 02/17 08/17 02/18 08/18 02/19 08/19 02/20 08/20 02/21 08/21 the New Independent States, i.e. the countries in Europe and Asia that were formerly part of or under the influence of Discrete Annual Performance in Share Class Currency (%) the Soviet Union. 08/20 08/19 08/18 08/17 08/16 08/21 08/20 08/19 08/18 08/17 Fund Management I (acc) EUR 53.00 -13.32 19.53 -15.60 24.18 Krzysztof Musialik, CFA: Poland Benchmark in EUR 37.82 -16.97 20.13 -6.92 20.74 Ratings - I (acc) EUR Performance in Share Class Currency (%) Cumulative Annualised Overall Morningstar Rating™: Since Since 1 Mth 6 Mths YTD 1 Yr 3 Yrs 10 Yrs Incept 3 Yrs 10 Yrs Incept Asset Allocation I (acc) EUR 6.52 27.38 34.69 53.00 58.52 50.84 141.95 16.59 4.20 5.34 Benchmark in EUR 5.12 24.75 24.42 37.82 37.48 30.76 134.88 11.19 2.72 5.15 Category Average 4.55 20.20 22.47 35.17 33.87 33.45 166.87 10.21 2.93 5.94 Quartile 1 1 1 1 1 2 3 1 2 3 Calendar Year Performance in Share Class Currency (%) % 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Equity 99.37 I (acc) EUR -14.35 38.23 -20.32 19.00 21.77 6.06 -18.48 -2.93 18.73 -39.27 Cash & Cash Equivalents 0.63 Benchmark in EUR -19.73 34.75 -7.46 5.88 29.27 -5.03 -20.28 -8.61 22.37 -21.10 Past performance is not an indicator or a guarantee of future performance. 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. 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. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments. The fund offers other share classes subject to different fees and expenses, which will affect their performance. Please see the prospectus for details. Up to date performance figures can be found on our local website. Top Ten Holdings (% of Total) Fund Measures Issuer Name Price to Earnings (12-mo 7.92x SBERBANK OF RUSSIA PJSC 9.72 Trailing) GAZPROM PJSC 8.85 Price to Book 1.28x LUKOIL PJSC 7.41 Price to Cash Flow 5.67x NOVATEK PJSC 4.53 Dividend Yield 3.28% UNITED CO RUSAL INTERNATIONAL PJSC 4.29 Standard Deviation (5 Yrs) 21.94% BANK OF GEORGIA GROUP PLC 4.14 Sharpe Ratio (5 Yrs) 0.52 TATNEFT PJSC 4.05 Tracking Error (5 Yrs) 6.42% YANDEX NV 3.91 Information Ratio (5 Yrs) 0.24 TCS GROUP HOLDING PLC 3.66 Beta (5 Yrs) 0.98 DETSKY MIR PJSC 3.38 Share Class Information Fees Dividends Fund Identifiers TER (%) Max. Annual Last Paid Last Paid Share Class Incept Date NAV 31.07.2021 Charge (%) Frequency Date Amount Bloomberg ID ISIN I (acc) EUR 31.08.2004 EUR 24.19 1.40 1.10 N/A N/A N/A TEMEEIA LX LU0195951297

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For Professional Client Use Only. Not for distribution to Retail Clients. Composition of Fund Templeton Eastern Europe Fund MSCI EM Europe Index-NR Geographic % of Total Sector % of Total Russia 65.77 / 68.76 Financials 31.02 / 27.97 Turkey 8.01 / 5.52 Energy 26.70 / 34.19 Poland 6.69 / 14.98 Materials 16.42 / 14.49 Kazakhstan 4.64 / 0.00 Consumer Discretionary 11.40 / 4.53 Georgia 4.14 / 0.00 Communication Services 5.98 / 10.36 Slovenia 3.14 / 0.00 Consumer Staples 5.23 / 4.05 Moldova 2.59 / 0.00 Information Technology 0.97 / 0.00 Greece 2.24 / 3.54 Industrials 0.97 / 1.15 Hungary 1.67 / 4.97 Health Care 0.68 / 0.99 Others 0.49 / 2.23 Utilities 0.00 / 2.27 Cash & Cash Equivalents 0.63 / 0.00 Cash & Cash Equivalents 0.63 / 0.00

Market Capitalisation Breakdown in EUR % of Equity Performance Attribution by Country <2.0 Billion 22.99 01.09.2020-31.08.2021 Total Effect 2.0-5.0 Billion 13.55 Russia 9.08 5.0-10.0 Billion 11.48 Poland 2.35 10.0-25.0 Billion 18.24 Kazakhstan 2.00 25.0-50.0 Billion 10.50 Turkey 1.86 >50.0 Billion 23.24 Slovenia 1.29 Georgia 1.10 Performance Attribution by Sector 01.09.2020-31.08.2021 Total Effect Greece 0.83 Financials 7.21 Czech Republic 0.68 Materials 5.89 United Kingdom 0.16 Communication Services 3.78 United States 0.07 Consumer Discretionary 3.29 Moldova -0.19 Industrials 1.41 Hungary -0.22 Consumer Staples 0.57 Cash & Cash Equivalents -1.21 Health Care 0.39 Utilities 0.11 Energy -1.71 Information Technology -1.94 Cash & Other Net Assets -1.21

Largest Contributing Securities 01.08.2021-31.08.2021 Contribution to Return % Raspadskaya PJSC Materials Russia 1.10 Sberbank Russia PJSC Banks Russia 0.76 Public Joint-Stock Company Gazprom Energy Russia 0.64 Yandex NV Class A Media & Entertainment Russia 0.45 Mechel PAO Pref.Shs Materials Russia 0.44 Halyk Savings Bank of Kazakhstan JSC Sponsored GDR RegS Banks Kazakhstan 0.44 Bank of Georgia Group Plc Banks Georgia 0.42 TCS Group Holding Plc Sponsored GDR Class A RegS Banks Russia 0.31 NOVATEK JSC Energy Russia 0.29 United Company RUSAL international PJSC Materials Russia 0.26 Smallest Contributing Securities 01.08.2021-31.08.2021 Contribution to Return % MMC Norilsk Nickel PJSC Materials Russia -0.15 Polyus PJSC Materials Russia -0.10 Qiwi Plc Sponsored ADR Class B Software & Services Russia -0.07 Severstal PAO Materials Russia -0.06 CD Projekt S.A. Media & Entertainment Poland -0.06 Eregli Demir ye celik Fabrikalari T.A.S. Materials Turkey -0.05 United Company RUSAL international PJSC Materials Russia -0.04 Public Joint Stock Company Detsky mir Retailing Russia -0.04 Mail.ru Group Ltd. Sponsored GDR Media & Entertainment Russia -0.02 Ulker Biskuvi Sanayi A.S. Food Beverage & Tobacco Turkey -0.02

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 Eastern Europe, many of which are emerging markets and 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. The Fund may distribute income gross of expenses. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital. 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.lu Templeton Eastern Europe Fund 31 August 2021

For Professional Client Use Only. Not for distribution to Retail Clients. Important Information Issued by Franklin Templeton International Services, S.à r.l. Franklin Templeton Investment Funds (the “Fund”) is a Luxembourg registered SICAV. Source for data and information provided by Franklin Templeton, as of the date of this document, unless otherwise noted. This document does not constitute legal or tax advice nor investment advice or an offer for shares of the Fund. Subscriptions to shares of the Fund can only be made on the basis of the current prospectus and where available, the relevant Key Investor Information Document, accompanied by the latest available audited annual report and semi-annual report accessible on our website at www.franklintempleton.lu or which 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. 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. No shares of the Fund may be directly or indirectly offered or sold to 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 representative before making any plans to invest. 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. Special risks may be associated with a Fund’s investment in certain types of securities, asset classes, sectors, markets, currencies or countries and in the Fund’s possible use of derivatives. These risks are more fully described in the Fund’s prospectus and where available, in the relevant Key Investor Information Document and should be read closely before investing. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. 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. Benchmark related data provided by FactSet, as of the date of this document, unless otherwise noted. 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 Europe Index-NR reflects performance of the MSCI EM Europe Index (gross returns) from fund inception through 29.12.2000 and the MSCI EM Europe Index-NR thereafter. Performance: References to indices are made for comparative purposes only and are provided to represent the investment environment existing during the time periods shown. 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: 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.