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Franklin Global Sukuk Fund

Franklin Global Sukuk Fund

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

Price

Ranking

Sector:	Global-Interest Bearing-Other Income
Size:	(USD) 425 000 000

Sector Rank:	3 out of 5
(lump sum over 3 years to 31 May 2023)

Overall Rank:	294 out of 394
(lump sum over 3 years to 31 May 2023)

R20000 invested on 31 May 2020 was worth R22 831 at 31 May 2023
(4.51% annual compound return)

R5000 per month since 31 May 2020 was worth R216 285 at 31 May 2023
(11.64% 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
Mohieddine Kronfol

Sharif Eid

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 maximise total investment return by achieving an increase in the value of its investments and earning income from Shariah-compliant securities over the medium to long term. The Fund invests mainly in Shariah-compliant debt securities, including Sukuk of any quality (including lower quality securities such as non-investment grade securities) and of any maturity, issued by governments, government-related entities and corporations located in developed and emerging markets and Shariah-compliant short-term instruments (up to 40% of the Fund net assets). The Fund can invest to a lesser extent in structured products, asset-backed securities and derivatives in accordance with the Shariah guidelines and securities in default (limited to 10% of assets). The investment team applies an investment process which is primarily based on in-depth fundamental credit research including economic, country and security-specific analysis that incorporates detailed risk analysis, company visits, and proprietary equity and credit models. In their research efforts, the investment team located in the Middle East region also leverages Local Asset Management research support in Malaysia and the global footprint of Franklin Templeton's Fixed Income Group.

Technical Overview
Benchmark:	Dow Jones Sukuk Index
Administration Fee	5.75	Number of unitholders:	55
Base currency:	USD	Pricing system:	Forward
Formation date:	10 Sep 2012	Risk rating:	Low-Medium
Management fee (p.a.):	0.30%