FRANkLiN TEMPLETON INVESTMENT FUNDS - Citibank

PROSPECTUS OF FRANKLIN TEMPLETON INVESTMENT FUNDS
Investment Objectives and Policies
The Company aims to provide investors with a choice of Funds investing in a wide range of transferable
securities and other eligible assets on a worldwide basis and featuring a diverse array of investment
objectives including capital growth and income. The overall objective of the Company is to seek to
minimise investment risk exposure through diversification and to provide investors with the benefit of a
portfolio managed by entities of Franklin Templeton Investments according to its successful time-tested
investment selection methods.
As more fully disclosed in Appendix D, a Fund shall be solely liable for its own assets and liabilities.
The profile of the typical investor for whom each Fund is designed is more fully described in Appendix E
of this Prospectus.
Each Fund may invest in “when issued” securities, lend its portfolio securities and borrow money, all
within the limits of the Company’s investment restrictions (see Appendix B).
Further, subject to the limits set forth in the investment restrictions, the Company may with respect to each
Fund invest in the financial derivatives instruments listed in Appendix B for the purpose of efficient
portfolio management or to hedge against market or currency risks.
In addition, the Company may also seek to protect and enhance the asset value of its different Funds
through hedging strategies consistent with the Funds’ investment objectives by utilising, for example,
currency options, forward contracts and futures contracts.
Each Fund may, on an ancillary basis, hold liquid assets when the Investment Manager believes they offer
more attractive opportunities or as a temporary defensive measure in response to adverse market, economic,
political, or other conditions, or to meet liquidity, redemption, and short- term investing needs. In exceptional
market circumstances and on a temporary basis only, 100% of any Fund’s net assets may be invested in
liquid assets, with due regard to the principle of risk spreading. Such assets may be kept in the form of
cash deposits or in money market instruments.
The investment objectives and policies described below are binding on the respective Investment
Managers of the Funds.
FRANKLIN ASIAN FLEX CAP FUND
The Fund’s investment objective is capital appreciation.
The Fund invests principally in equity securities including common stock, preferred stock and convertible
securities, as well as in warrants, participatory notes, and depository receipts of (i) companies registered
in the Asia Region (excluding Japan), (ii) companies which perform a predominant part of their business
in the Asia Region (excluding Japan), and (iii) holding companies which hold a predominant part of their
participations in companies referred to in (i) and (ii), all of them across the entire market capitalisation
spectrum from small to large- cap companies. The Asia Region (excluding Japan) includes but is not
limited to the following countries/locations: Hong Kong, India, Indonesia, Korea, Malaysia, People’s
Republic of China, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan and Thailand. In addition, the
Fund may invest in all other types of transferable securities, including equity and fixed income securities
of issuers worldwide.
Investment in Emerging Market countries are subject to a higher degree of risk, as described in the section
“Risk Considerations”.
The base currency of the Fund is U.S. dollar.
FRANKLIN BIOTECHNOLOGY DISCOVERY FUND
The Fund’s investment objective is capital appreciation.
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