Templeton Global Bond (Euro) Fund (the “Fund”) aims to maximise total investment return by achieving an increase in the value of its investments, earning income and realising currency gains over the medium to long term. The Fund invests mainly in: debt securities of any quality (including lower quality debt such as non-investment grade securities) issued by governments and government-related entities located in any country and denominated in any currency Under normal market conditions, the Fund aims to maintain a net exposure of at least 85% to the Euro. The Fund can invest to a lesser extent in: debt securities of any quality (including lower quality debt such as non-investment grade securities) issued by corporations located in any country debt securities of supranational entities, such as the European Investment Bank derivatives for hedging and investment purposes which are used as an active investment management instrument to gain exposure to markets The non-euro component of the portfolio may be hedged into euro. In making investment decisions, the investment team uses in-depth research about various factors that may affect bond prices and currency values. You may request the sale of your shares on any Luxembourg business day. For the distribution share class shown in this document, dividend income is distributed to shareholders. For further information on the Objectives and Investment Policy of the Fund, please refer to the section “Fund Information, Objectives and Investment Policies” of the current prospectus of Franklin Templeton Investment Funds. The benchmark of the Fund is the JP Morgan Global Government Bond (Hedged into EUR) Index. The benchmark is indicated for information purposes only, and the Fund manager does not intend to track it. The Fund can deviate from this benchmark. Terms to Understand Debt securities: Securities representing the issuer’s obligation to repay a loan at a specified date and to pay interest. Derivatives: Financial instruments whose characteristics and value depend on the performance of one or more underlying assets, typically securities, indexes, currencies or interest rates. Hedging: A strategy for totally or partially offsetting particular risks such as those arising from fluctuations in share prices, currencies or interest rates.