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Franklin Global Small-Mid Cap Growth Fund - Semi-Annual Comparison Franklin Templeton Investment Funds Franklin Global Small-Mid Cap Growth Fund News Regional Portfolio Structure(Semi-Annual Comparison) Sectorial Portfolio Structure(Semi-Annual Comparison) REGIONAL PORTFOLIO Sorted By Difference in Number of Units Holdings(1 - 11) 31 Dec 2019 30 Jun 2019   Holding (Region) Value 000's (USD) % of Fund Value 000's (USD) % of Fund Diff United States of America 15 459 20.89 - - 20.9 Unit Trust 13 897 18.78 - - 18.8 Canada 9 472 12.80 - - 12.8 United Kingdom 7 526 10.17 - - 10.2 Sweden 5 661 7.65 - - 7.7 Spain 4 862 6.57 - - 6.6 France 4 544 6.14 - - 6.1 Chile 4 433 5.99 - - 6.0 Hong Kong 3 034 4.10 - - 4.1 Irish Republic 2 990 4.04 - - 4.0 Cash 2 124 2.87 - - 2.9 TOTAL 74 000 100.00 0 0.00

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