FRANkLiN TEMPLETON INVESTMENT FUNDS - Citibank

PROSPECTUS OF FRANKLIN TEMPLETON INVESTMENT FUNDS
J.P. Morgan Bank Luxembourg S.A. was incorporated as a société anonyme for an unlimited duration
from May 16, 1973 and has its registered office at European Bank & Business Centre, 6 route de Trèves,
L- 2633 Senningerberg, Grand Duchy of Luxembourg. On December 31, 2008, its capital reserves amounted
to USD 568,756,283.00.
The Custodian shall further ensure that the subscriptions and redemptions of Shares in the Company effected
by the Company are carried out in accordance with the provisions of the Law relating to collective investment
undertakings and the Articles of Incorporation, ensure that in transactions involving the Company’s assets
any consideration is remitted to the Custodian within the usual time limits, and ensure that the Company’s
income is applied in accordance with the provisions of the Law relating to collective investment undertakings
and the Articles.
Registrar and Transfer, Corporate, Domiciliary and
Administrative Agent
As the Registrar and Transfer, Corporate, Domiciliary and Administrative Agent, Franklin Templeton
International Services S.A. is responsible for processing the issue, redemption and exchange of Shares, the
maintenance of accounting records and all other administrative functions as required by the laws of the
Grand Duchy of Luxembourg.
Form of Shares
Shares of each Fund are available in registered form only. In the absence of a request for Shares to be
issued in any particular form, investors will be deemed to have requested that their Shares be issued in
registered form without certificates.
Physical bearer Shares already in issue may be exchanged into registered Shares or be held under the global
holdings of Clearstream or Euroclear. Registered Shares may not be exchanged for physical bearer Shares,
but may be exchanged to be held under the global holdings of Clearstream or Euroclear.
The Board of Directors has resolved that the Company may not issue warrants, options or other rights to
subscribe for Shares in the Company to its Shareholders or other persons.
Classes of Shares
The Shares relating to certain Funds of the Company are in eight Classes: Class A, Class AX, Class B,
Class C, Class I, Class N, Class X and Class Z, as described in the summary of main features.
The difference in the various Classes relates to the fee structure and/or the dividend policy applicable to
each of them as more fully described under the sections “Dividend Policy” and “Investment Management
Fees and Sales Charge Structure”.
The issue proceeds of the various Share Classes are invested in one common underlying portfolio of
investments but the net asset value of each Class will be different as a result of the different issue price
of, the different fee structure, the different dividend policy and the specific distribution charge imposed
on such Share Classes, as more fully described hereafter.
The Board of Directors of the Company intends to distribute substantially all the income attributable to
distribution Shares, whereas no distribution of dividends shall be made for accumulation Shares but the
net income attributable will be reflected in the increased value of the Shares.
In addition, the Company may offer within a Fund several Classes with the same characteristics as
described above (A, AX, B, C, I, N, X or Z) denominated in another currency than the Fund base
currency (an “Alternative Currency Class”). In relation to such Fund, the net asset value of the Class
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