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Franklin Natural Resources Fund - Semi-Annual Comparison Franklin Templeton Investment Funds Franklin Natural Resources Fund Regional Portfolio Structure(Semi-Annual Comparison) Sectorial Portfolio Structure(Semi-Annual Comparison) SECTORIAL PORTFOLIO Sorted By Difference in Number of Units Holdings(1 - 2) 31 Mar 2014 30 Sep 2013   Holding (Sector) Value 000's (USD) % of Fund Value 000's (USD) % of Fund Diff Other Equities 214 654 97.57 - - 97.6 Cash 5 346 2.43 - - 2.4 TOTAL 220 000 100.00 0 0.00

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