A SUB-FUND OF LUXEMBOURG-DOMICILED SICAV

RISK INFORMATION
Each investors goals are unique: we suggest you seek
guidance from a Financial Adviser. For more details on
the funds potential risks, please read the simplied
prospectus.
FUND MANAGER AND LOCATION
FUND DATA
Base Currency of Fund: EUR
Fund Size: 13.90 million
Date of Fund Launch: 30 April 2010
Fund Index: Barclays Capital Euro Aggregate Corporates
Index
CHARGES
5
David Zahn, London, United Kingdom
Marc Kremer, New York, United States
Eric Takaha, California, United States
Robert Nelson, London, United Kingdom
Emmanuel Teissier, London, United Kingdom
Morningstar Workstation Category:
EUR Corporate Bond
LAST DIVIDEND PAID
Share Class Date Paid Amount
A(Ydis)EUR 08/07/2011 0.2870
YIELD AS AT 31 JULY 2011
4
Shareclass Distribution Yield
A(Ydis)EUR 2.93%
NET ASSET VALUE AS AT 31 JULY 2011
A(acc)EUR 10.14
A(Ydis)EUR 9.81
Initial
Charge
Annual
Charge
TER
A(Ydis)EUR
All A classes 3.00% 0.95% 1.15%
INVESTMENT OBJECTIVE
The Fund seeks to maximize total investment returns through a combination of interest income and capital
appreciation by investing principally in investment grade or oating rate debt securities issued by European
companies or those companies with a business presence in the European region. Most investments will be either
denominated in Euros or hedged back into Euros.
INVESTOR PROFILE
seeking to maximise total investment return through a combination of interest income and capital appreciation;
planning to hold their investment for the medium to long term.
CUMULATIVE PERFORMANCE AS AT 31 JULY 2011 % (DIV. RE-INVESTED)
2
DISCRETE ANNUAL PERFORMANCE AS AT 30 JUNE - QUARTER-2 % (DIV. RE-INVESTED)
FUND
CURRENCY 1-YR 3-YR 5-YR 10-YR
SINCE
LAUNCH 3-YR VOL.
A(Ydis)EUR 0.79 N/A N/A N/A 1.41 N/A
Index 2.64 20.12 21.49 58.67 3.57 4.82
SHARE CLASS CURRENCY
JUNE-2010/
2011
JUNE-2009/
2010
JUNE-2008/
2009
JUNE-2007/
2008
JUNE-2006/
2007
A(Ydis)EUR 2.15 N/A N/A N/A N/A
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CURRENCY BREAKDOWN (31 JULY 2011) COUNTRY BREAKDOWN (31 JULY 2011)
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TOP 10 HOLDINGS (31 JULY 2011)
6
SECURITY NAME %
Schering-Plough Corp., senior note, 5.375%, 10/
01/14
1.64
Siemens Financieringsmaatschappij NV, senior
note, 5.125%, 2/20/17
1.63
JPMorgan Chase & Co., senior note, 6.125%, 4/
01/14
1.59
StatoilHydro ASA, senior note, 4.375%, 3/11/15 1.57
Pzer Inc., senior note, 4.75%, 6/03/16 1.57
HSBC Holdings PLC, sub. note, 6.00%, 6/10/19 1.56
Daimler AG, senior note, 4.125%, 1/19/17 1.54
Rabobank Nederland NV, sub. note, 3.75%, 11/
09/20
1.53
Commonwealth Bank of Australia, senior note,
4.375%, 2/25/20
1.52
HIT Finance BV, senior bond, 5.75%, 3/09/18 1.52
TOTAL PERFORMANCE SINCE LAUNCH (EURO)
2, 3
Contact Us
UK Freefone: 0800 305 306
tel: +44 20 7073 8690
fax: +44 20 7073 8701
email: enquiries@franklintempleton.co.uk
web: www.franklintempleton.co.uk
31 July 2011
TEMPLETON EUROPEAN
CORPORATE BOND FUND
Please see following page for important information and disclaimers
ASSET BREAKDOWN (31 JULY 2011)
SHARE CLASS IDENTIFIERS
IMPORTANT INFORMATION
1. Cash allocation may include treasury bills and other government instruments with maturity of less than 12 months.
2. Performance data may represent blended share class performance e.g. hybrid created from an A(Ydis) share class that was converted to A(acc). Performance details provided are in
base currency, include reinvested dividends and are net of management fees. Sales charges and other commissions, taxes and other relevant costs to be paid by an investor are not
included in the calculations. Past performance is no guarantee of future performance. When investing in a fund denominated in a foreign currency, your performance may be affected by
currency fluctuations. Performance figures above are for A(Ydis) shares, except where only A(acc) shares are available, then A(acc) performance is shown.
3. Chart Performance figures are rebased to 100 at beginning of time period.
4. The Distribution Yield reflects the amounts that may be expected to be distributed over the next 12 months as a percentage of the mid-market unit price of the fund as at the date
shown. It does not include any preliminary charge and investors may be subject to tax on distributions.
5. Total charges consists of the yearly management and maintenance fees only.
6. The portfolio manager for the Fund reserves the right to withhold release of information with respect to holdings that would otherwise be included in a top 10 holdings list.
Given the variety of investment options available today, we suggest investors seek guidance from a Financial Adviser. Nearly every investment entails special risks that should be
discussed with an experienced professional. Each investors goals are unique and proper guidance toward the most suitable products is essential.
For more details regarding the potential risks of this Fund, please refer to the current full or Simplified Prospectus.
This Fund is a sub fund of Franklin Templeton Investment Funds (FTIF), a Luxembourg-registered SICAV. This information does not constitute or form part of an offer for shares or an
invitation to apply for shares. Subscriptions of shares of the Franklin Templeton Investment Funds SICAV can only be made on the basis of the latest available audited annual report
accompanied by the current full or Simplified Prospectus. The prices of shares and income therefrom can go down as well as up, and investors may not get back the full amount
invested. Currency fluctuation may affect the value of overseas investments. An investment in FTIF entails risks which are described in the prospectus. No shares of the SICAV may be
directly or indirectly offered or sold to nationals or residents of the United States of America. Please consult your financial adviser before deciding to invest. In emerging markets, the
risks can be greater than in developed markets. Please read the Prospectus before deciding to invest. Investments in FTIF may not be suitable for all investors.
All or most of the protections provided by the UK Regulatory System will not apply to the Franklin Templeton Investment Funds (SICAV) Investors. A copy of the FTIF Prospectus and/
or the latest financial reports can be obtained from Franklin Templeton Investments, The Adelphi, 1-11 John Adam Street, London. WC2N 6HT. Phone: 0800 305 306, E- mail:
enquiries@franklintempleton.co.uk.
Issued by Franklin Templeton Investment Management Limited, authorised and regulated by the Financial Services Authority.
31 July 2011
TEMPLETON EUROPEAN CORPORATE BOND FUND 31 July 2011
EQUITY FIXED INCOME CASH/CASH EQUIVALENTS
1
N/A 97.09% 2.91%
SHARE CLASS LAUNCH DATE SEDOL ISIN MEX ID BLOOMBERG ID
A(acc)EUR 30 April 2010 B5LP503 LU0496369546 TVAABP TECBAAELX
A(Ydis)EUR 30 April 2010 B59V2S0 LU0496369892 TVAABQ TECBAYELX