FRANkLiN TEMPLETON INVESTMENT FUNDS - Citibank

PROSPECTUS OF FRANKLIN TEMPLETON INVESTMENT FUNDS
Miscellaneous
The fourth before last paragraph of Section “Valuation” of Appendix D—Determination of the Net Asset
Value of Shares is amended so as to read as follows:
The value of securities not quoted or dealt in on a stock exchange or an organised market and of
securities which are so quoted or dealt in, but in respect of which no price quotation is available or the
price quoted is not representative of the securities’ fair market value shall be determined by or under the
direction of the Board of Directors. Short-dated debt transferable securities and money market
instruments not traded on a regulated exchange are usually valued on an amortised cost basis.
The paragraph on Class Z shares of Sub-section “Share Classes—Sales Charge Structure” of Section
“Investment Management Fees and Sales Charge Structure” is amended so as to read as follows:
Class Z Shares
Class Z Shares may be offered in certain limited circumstances (i) for distribution in certain countries and
through certain sub-distributors and/or dealers having separate fee arrangements with their clients, and/or
(ii) to professional investors at the discretion of the Principal Distributor and/or the Transfer Agent. In these
cases, any local supplement to this Prospectus or marketing material, including that used by the relevant
intermediaries, will refer to the possibility and terms to subscribe for Class Z Shares.
Class Z Shares will be offered at the applicable net asset value per Share next determined after the
purchase order is received. Purchases of Class Z Shares are not subject to an initial sales charge, CDSC
nor any maintenance, distribution or servicing charge.
Further, the Section “Exchange of Shares” is amended to add that the exchange of Class A Shares into
Class Z Shares is only permitted (i) to investors instructing through certain sub-distributors and/or dealers
having separate fee arrangements with their clients, and/or (ii) to professional investors at the discretion
of the Principal Distributor and/or the Transfer Agent.
Benchmark
The first paragraph of Section “Benchmark” of the Simplified prospectus is amended so as to read as
follows:
“The below list of indices and benchmarks is provided to Shareholders for information and indicative
purposes only, as all the Company’s Funds are actively managed and tend to deviate from their respective
index. This list will be updated from time to time by the Board of Directors without prior notice to the
Shareholders, notably in order to provide an index that better reflects the investment objective and
policies to the relevant Funds and the composition of their portfolio. Any such change will be mentioned
on the internet site: www.franklintempleton.lu”.
With effect as from June 30, 2010, the benchmark of the Company’s Fund “Templeton Global Smaller
Companies Fund” will be changed from “S&P Global < 2B Index” to “MSCI ACWI Small Cap”.
April 2010
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