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Franklin European Small-Mid Cap Growth Fund - Semi-Annual Comparison Franklin Templeton Investment Funds Franklin European Small-Mid Cap Growth Fund News Regional Portfolio Structure(Semi-Annual Comparison) Sectorial Portfolio Structure(Semi-Annual Comparison) REGIONAL PORTFOLIO Sorted By Region Holdings(1 - 10) 30 Jun 2024 31 Dec 2023   Holding (Region) Value 000's (EUR) % of Fund Value 000's (EUR) % of Fund Diff France 11 008 12.11 16 444 20.12 -8.0 United Kingdom 29 306 32.24 24 413 29.87 2.4 Germany 23 479 25.83 21 601 26.43 -0.6 Netherlands 1 518 1.67 3 588 4.39 -2.7 Italy 5 445 5.99 4 364 5.34 0.7 Portugal 3 881 4.27 3 523 4.31 0.0 Sweden 3 600 3.96 1 847 2.26 1.7 Switzerland 2 663 2.93 1 275 1.56 1.4 Cash 6 763 7.44 1 626 1.99 5.5 Unit Trust 3 236 3.56 3 049 3.73 -0.2 TOTAL 90 900 100.00 81 730 100.00

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