Templeton Shariah Global Equity Fund

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Templeton Shariah Global Equity Fund

Templeton Shariah Global Equity Fund

Franklin Templeton Investment Funds
	Templeton Shariah Global Equity Fund
		Regional Portfolio Structure(Semi-Annual Comparison)
		Sectorial Portfolio Structure(Semi-Annual Comparison)

Price

Ranking

Sector:	Global-Equity-Unclassified
Size:	(USD) 89 000 000

Sector Rank:	8 out of 23
(lump sum over 3 years to 30 Nov 2024)

Overall Rank:	133 out of 485
(lump sum over 3 years to 30 Nov 2024)

R20000 invested on 30 Nov 2021 was worth R25 992 at 30 Nov 2024
(9.13% annual compound return)

R5000 per month since 30 Nov 2021 was worth R206 450 at 30 Nov 2024
(8.74% annual return compounded monthly)

Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site.

Management
Peter Wilmshurst, CFA

Alan Chua, CFA

Focus and Objective
The primary characteristic of a Shariah fund is its compliance with Shariah guidelines based on the principles of Islamic finance. A Shariah fund is required to appoint a Shariah supervisory board which independently ensures that the fund also meets such Shariah guidelines in the management of all of its assets. The Fund aims to increase the value of its investments from Shariah-compliant securities over the medium to long term. The Fund invests mainly in equity and equity-related securities issued by companies of any size located in any country, including emerging markets and certificates issued typically by a bank or a trust company that give their holders the right to receive securities issued by a foreign or domestic company (Depositary Receipts). The Fund can invest to a lesser extent in Shariah-compliant debt securities, including Sukuk and Shariah-compliant short-term instruments, issued by governments and companies of any size located in any country (limited to 25% of assets). The investment team uses in-depth analysis to select individual equity securities that it believes are undervalued, based on such factors as their expected long-term earnings and the value of their business assets.

Technical Overview
Benchmark:	MSCI AC World Islamic Index
Administration Fee	5.75	Number of unitholders:	87
Base currency:	USD	Pricing system:	Forward
Formation date:	10 Sep 2012	Risk rating:	Medium-High
Management fee (p.a.):	0.50%

Top holdings on 30 Sep 2023

Share (Sector)	Value (USD)	% of fund
MSFT.US ()	8 633 000	9.70%
INPEXCORP (Energy)	3 230 700	3.63%
EXXONMOBIL (Energy)	3 097 200	3.48%
SAP-GY ()	3 026 000	3.40%
GALPENERGIA (Energy)	2 874 700	3.23%
BP Plc (Oil and Gas)	2 527 600	2.84%
SAMSUNG (Goods & Services)	2 278 400	2.56%
HITACHILTD (Cyclical Goods & Services)	2 198 300	2.47%
TOTALENER (Oil and Gas)	2 153 800	2.42%
MICRONTECHNO (Technology)	2 100 400	2.36%
TOTALS	32 120 100	36.09%