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30.09.2021

[email protected] www.franklintempleton.com.hk

*

*

5 ( ) (%)

A

80

100

120

140

160

180

( ) 57

16.06.2008

43

: 20%MSCI2010 9 29

30%

*

09/16 03/17 09/17 03/18 09/18 03/19 09/19 03/20 09/20 03/21 09/21

( ) (%)

3 1 3 5 10

A 4.91 19.94 31.59 29.78 64.86 105.77 -14.61

7.75 26.56 33.83 37.44 74.68 111.38 18.98

*

Bassel Khatoun:

Salah Shamma:

( ) (%)

2020 2019 2018 2017 2016

A -0.70 11.51 2.39 12.75 -5.43-2.55 12.37 11.59 3.93 9.08

* ( %)

Al Rajhi Bank 7.13Qatar National Bank QPSC 6.11Commercial International Bank (Egypt) SAE 4.74Cleopatra Hospital Company 4.13Emaar Properties (P.J.S.C) 4.07Saudi National Bank 3.59Commercial Bank (Q.S.C.) 3.58Industries of Qatar Co. 3.58Emirates NBD Bank (P.J.S.C) 3.09United Electronics Co. 3.02

12 3.96x1.76x8.40x

3 10.53%3 5 21.85%

12 13.78x(5 ) 15.68%

- A

Morningstar *:

*

%99.840.16

(%)31.08.2021 (%) * (%) (%) ISIN

A 16.06.2008 8.54 2.60 5.00 2.00 LU0352132103A 16.06.2008 7.32 2.60 5.00 2.00 LU0352132285B 16.06.2008 7.16 3.91 2.25 1.06 LU0352132525

30.09.2021

*

Copyright © 2021 www.franklintempleton.com.hk

*: 20%MSCI 2010 9 29 30%

%26.37 / 30.0825.63 / 20.0419.32 / 2.9718.92 / 19.106.01 / 16.392.09 / 5.171.51 / 0.000.00 / 2.710.00 / 1.670.00 / 1.870.16 / 0.00

%41.04 / 61.9314.77 / 1.958.49 / 4.397.40 / 0.667.05 / 4.705.16 / 9.165.04 / 10.893.71 / 0.173.61 / 3.523.59 / 2.610.16 / 0.00

( ) %<2.0 31.662.0-5.0 11.295.0-10.0 18.2910.0-25.0 9.7125.0-50.0 10.84>50.0 13.61

4.60

*

:

500 Standard & Poor's Financial Services LLC: Copyright © Morningstar, Inc. (1) Morningstar, Inc. (2) (3)

CFA® Chartered Financial Analyst®: Copyright © Morningstar, Inc. (1) Morningstar, Inc. (2) (3)

:

/ 100%

費用：最高年費包含管理費及最高維持費。

Copyright © 2021 本文件之發行人為富蘭克林鄧普頓投資(亞洲)有限公司及美盛資產管理香港有限公司。本文件不構成投資基金單位之要約或招攬。投資涉及風險，基金價格可升或跌，過往業績不代表或不保證將來的表現。投資收益是以資產淨值計算，已考慮股息再投資及資本增長或損失。投資收益以所示貨幣計價，該等貨幣可能是美元／港元以外的貨幣（「外幣」）。因此，以美元／港元交易的投資者需承受美元／港元與外幣之間匯率波動的風險。有關基金的詳情, 包括有關基金的風險因素，請參閱有關銷售文件。本文件可能只限於在若干司法權區內派發。在任何不准分發有關資料或作出任何要約或招攬之司法權區內，或向任何人士分派有關文件或作出要約或招攬即屬違法之情況下，本文件並不構成該等分派或要約或招攬。名稱中包含「（已對沖）」的任何股份類別將嘗試對沖本基金基礎貨幣與股份類別計值貨幣之間的貨幣風險，但不保證可以成功對沖。在某些情況下，投資者可能涉及額外風險。此外，投資者權利摘要可從 https://www.franklintempleton.com.hk/en-hk/investor/our-approach/our-company/summary-of-investor-rights 獲得。根據 UCITS 指令，基金/子基金被通知在不同地區進行營銷。基金/子基金可以使用 UCITS 指令第 93a 條中包含的程序隨時終止任何股份類別和/或子基金的此類通知。所有圖表﹑數據﹑意見﹑預測及其他資料以截至本文日期為依據，並可作隨時修改而不會另行通知。本文件並未於香港經香港證券及期貨事務監察委員會或於澳門經澳門金融管理局審核。美盛資產管理香港有限公司為Franklin Resources, Inc.ڀ間接持有的全資附屬公司。

姿斌雌涼碍踊

布利告燐釗父曇東雌嬉銀 –

布利告燐宙梼卜樋嬉銀

皃講刃？布利告燐釗父曇東雌〔亠秋〕湧個効嗣

• 凡碍踊汀僑凡嬉銀適叔踊雌涼．

• 凡碍踊制錏啅丙倦適溢楓噴．

• 醒尤喃憮凡碍踊咋東雌穴底．

雌涼娩觀

緩痢効嗣？Franklin Templeton International Services S.à r.l.

東雌絛痢？ Franklin Templeton Investments

(ME) Limited, 登拊〔乳楓尉濁〕

尊緩刃？J.P. Morgan Bank Luxembourg S.A.

嬉銀過弊？柊厳

坂星捻奴習訣入？6倹30入

侯為瓶湊艇奴？戾呼鴻甲嘶曲入

塞偵東雌掛？1,000柊厳 [受治]宮500柊厳 [存悟戾治禰酵]袷筒‣

繕捻絛擾政貝斯疲葎#:

專 (令蚕) 歔厳？2.77%

專 (令蚕) 柊厳？2.77%

B (令蚕) 柊厳？4.07%

N (令蚕) 柊厳？3.27%

#絛擾政貝斯疲葎制混擅戰詞2020捻12倹31入適叛捻奴坂無宝穀警蚕・戾捻錦夏膿湧曙斟堂．

破束星錯？菰束〔韮湧〕哉東雌・償樋革仮甥真醒豹殻宙凋迷．修

図膚拷忍価烹励宮烹貴踊泣仮・凡嬉銀夏司羊錫条槲裕凡嬉銀適雌

凡袷裕綯畋尿宙斯手菰束・導滋甥～徘凡嬉銀適雌凡宙起尿～斯夫

凡嬉銀適繕楓袷楓噴非羊宮貝斯・位遅凡嬉銀羊甥斯夫菰束適夏噴

培畋尿夋嘉・引今・凡嬉銀夏寞在丞徘雌凡宙斯夫菰束．絛譛竿偐

侍占斐旬宮陶蚊喉東雌車皃述埠庄甥溢呼倹適侍占栂弛・凡嬉銀夏

拾蹄骸筒破束星錯．忍価菰束噴破弱慎宮裕凡嬉銀適雌凡宙斯手菰

束袷寞在丞裕凡嬉銀適雌凡宙斯手菰束〔詩古条狭自底〕・夏撞遅

戾菰雌姿淅‣捉滋玄庄．

布利告燐釗父曇東雌嬉銀 - 布利告燐宙梼卜樋嬉銀 1

塞悟校森？ 2021捻4倹


凡嬉銀制腎庠姿斌゛

凡嬉銀位午悴嬉銀恵鴫訴整・罪蘯浸塋整掠・寿 Commission de Surveillance du Secteur Financier竿緩．

東雌勿漂宮星錯

布利告燐宙梼卜樋嬉銀〔 “凡嬉銀、〕遅倫甥宙棄詞鳥棄寞舷東雌夋‣．

凡嬉銀守踊〔捉凡嬉銀塞庄参噴嚢弐適淅雌姿〕東雌甥？

• 夏轎讙譛喧・励韮甥宙梼歪卜樋(宙梼卜樋)卅郁乳整掠袷甥骸卅郁震講存守踊曲無嚢忍価貴妄適効嗣皃講適菰評譛喧・報渇辰埠個

甥砂恥愛拮博，愛拮博連拷醍効圓，果惟禿，厫套痔，播燐，愛叮，埔宮，訳淡宮魔落唏

罪禿珠適志嬢条狭仮〔励韮桐奴琶堂〕宮但罪隣滋嬉租丞・凡嬉銀適 100%淅雌姿罪肱虜蕩蕗隱噴燦適幻息仮・夏東雌甥琉堂雌姿．

罪募女適条狭仮・凡嬉銀夏東雌甥？

• 雙舍評擅

• 忍価圓科忍価貴妄嚢星扶宮効嗣皃講適夏轎讙譛喧・励韮菰評譛喧，菰評糟闥譛喧宮孤底畋悦譛喧

• 夏轎讙譛喧什髟東雌危曲〔『UCITS』〕宮存太什髟東雌危曲〔『UCIs』〕適喃偉〔個甥凡嬉銀凑雌姿適10%〕

• 洫精巷虞咋尠億，湧敕緩痢東雌訴拷宮東雌羊鍍．

荏羊洫精巷虞～東雌洫精巷虞

凡嬉銀適洫精巷虞蕗隱招拜淅掛夏奪詞凡嬉銀雌姿淅‣適50%．

凡嬉銀湧唅叉守踊蕗隱゛

東雌慎宮蕗隱・醒雙援錏啅丙倦・僚塊蕗隱引蘇筒雌涼．

• 志嬢蕗隱？裕甥寿呼蔑皃講毅洪，譛喧志嬢乳禿底講曲袷絵蔑適引蘇袷溢販志狭曳驚・凡嬉銀曙次譛喧適志嬢儉‣夏哨夏跋・湧滋

校夏膿述舷朽属袷矛烹幼警適哨跋．疇譛喧志嬢埠渓汕・汰呼雌姿伶蔑〔報渇導溢雌姿伶蔑適埠導絵蔑〕適儉‣夏膿導滋仮跋．導

橄恥・疇志嬢豹舷遼孝・夜埠膿鋪譛凡嬉銀曙次湧適譛喧對寿悴．引異凡嬉銀次湧適譛喧儉殻位丞峻法鴫琶堂・凡嬉銀適儉‣偐丞

哨宮仮跋・夏膿尠東雌車湧埠履曳驚．

• 菰評蕗隱？菰評宮菰評湧闥適譛喧夏膿寿汰高絛濬，星璽，志嬢宮皃講毅洪糟闥適禿底引蘇曳驚自述舷叔醍儉殻斟堂．埠和皃講毅

洪適獸禿豹舷・骸筒斟堂夏尠菰評儉‣湧埠履適曳驚．今害・埠導適講曲，銀予志嬢宮譛喧偐引懈骸筒斟堂自湧埠導適超晴．凡嬉

銀儉‣適骸筒琶福汰甥箪棄乳嘉撃．銀予志嬢据征〔報渇有虜袷寞在倶講髟継室敕〕又湧夏膿側整譛喧儉殻醍福琶堂．凡嬉銀夏膿

引今寿蕩埠履曳驚．

• 森郷志嬢蕗隱？凡嬉銀夏東雌甥袷雙舍森郷志嬢・夏膿慎宮東雌甥閣皃奪志嬢溢販埠偐撫幄適校汰蕗隱宮禿蔑肱虜引蘇．東雌甥森

郷志嬢適蕗隱夏尠凡嬉銀湧埠履曳驚宮～袷撞遅凡嬉銀招寿叔醍遜室・存夏膿報渇？琉堂政蕗隱，過弊蕗隱～緩姓，星璽宮絛濬埠

覚底政，烹立宮隻無蕗隱，訣蚕蕗隱，濁緩蕗隱宮撃廉琶堂適夏膿政．


• 漸溫志嬢蕗隱？東雌甥漸溫志嬢献慎適蕗隱跼東雌甥森郷志嬢圓科献慎適蕗隱糟児・辰艇奴丞閣醍・引異漸溫志嬢疲輝存太森郷志

嬢制校尚形，閣埠皃奪宮閣二蕩奪．糟尠存太森郷志嬢・漸溫志嬢又夏膿招寿閣醍適星璽宮絛濬埠穰底・叶夏膿閣罌傍陶迷奴，峠

恝曹朱宮危曲緩璽．骸筒志嬢又閣存太森郷志嬢校為湧東雌宮雌銀壊圓適個姓，害匳緩姓・宮濁緩宮訣蚕継董閣埠皃奪．引今・凡

嬉銀～東雌車夏膿寿蕩埠履曳驚．

• 害弊蕗隱？凡嬉銀栂擾醍領東雌甥位凡嬉銀宝儉過弊位害適存太過弊底‣適譛喧・夏膿例骸筒東雌招寿匳葎斟堂宮害匳緩姓貴励適

曳驚．害琡兢舷葎適琶堂夏膿尠凡嬉銀適儉‣洪整赴摸曳驚・又夏曳驚凡嬉銀贄涜適畋尿宮凡嬉銀適寞在履純舍蚓遜．凡嬉銀夏膿

尽泣尠億過弊蕗隱・剝夏個姓過弊夋悦潭倫．罪凡嬉銀尽泣咋尠億袷頬煩害琡兢舷蕗隱適条狭・泄湧鋪譛偐奪蕩尠億袷頬煩敕歌・

宮凡嬉銀適儉‣夏膿寿蕩埠履曳驚．今害・位埠導甥凡嬉銀宝儉過弊適過弊〔『吧溢夏銭擘過弊』〕警‣適菰伋伶蔑適綯壊宝・夏

膿引凡嬉銀宝儉過弊舍吧溢夏銭擘過弊嚢関適匳葎斟堂自寿蕩牲摸袷赴摸曳驚．

• 琉堂政蕗隱？凡嬉銀夏膿裕甥志狭偵鳴袷儉‣仮跋袷存東雌嚢皃講毅洪適唇讌惠何・自二位述啅譛喧．凡嬉銀矛烹述啅譛喧袷次壮

又夏膿曳驚凡嬉銀宮滋游俗赭壊醒泣適膿倫．弱患譛喧又夏膿引侯為志嬢湧個袷拷訳個姓轎啅自罌傍琉堂政．裕骸筒引蘇淫遅適琉

堂政香偵夏膿尠凡嬉銀適雌姿淅‣湧埠遼適曳驚．

• 什宙蕗隱？凡嬉銀什宙甥喃溢卅郁〔捉宙梼卜樋〕・糟尠歳手閣汰厳何星錯嚢嬉銀・凡嬉銀夏膿招寿閣剛琶福．凡嬉銀適儉‣夏膿

閣揚為寿曳驚宙梼卜樋恥卅適埠履絛濬，星璽，星錯，害匳，琉堂政，隻無，烹立袷竿緩侍倦曙曳驚・宮夏膿尠凡嬉銀～東雌車湧

埠履曳驚．

• 樋貴緩志嬢蕗隱？凡嬉銀東雌適楓噴志嬢裕甥存絛濬，烹立袷貴緩河洪自埠膚拷雌殻整異寿竿緩志嬢・例凡嬉銀閣但東雌甥貴緩志

嬢適嬉銀招寿校醍貴緩蕗隱．凡嬉銀夏膿引今寿蕩埠履曳驚．

• 尚形宮宙形効嗣蕗隱？糟尠貴妄閣醍，閣異刃術漆適効嗣・尚形宮宙形効嗣適菰評適琉堂政溢販閣偵・叶罪埠履絛濬皃添条狭仮閣

異琶堂・籾存制弱骸筒効嗣偉甥森郷志嬢・例凡嬉銀招寿閣剛蕗隱．凡嬉銀適儉‣宮豹舷夏膿引今寿蕩埠履曳驚．

• 夋鳥菰蕗隱？父勉儘絕・修晴髟志嬢疲閣・夋鳥菰夏膿閣異琶堂・叶糟尠存畋尿夏膿閣異更軌．東雌甥骸筒菰評適閣醍琶福夏膿尠

凡嬉銀湧埠履曳驚．

• 洫精巷虞蕗隱？洫精巷虞適東雌慎宮整凡・又夏膿閣琶堂・閉夏膿慎宮槎梏敕懈．閣尚適志嬢琶堂夏膿側整糟尠醍適曳驚・袷偐例

凡嬉銀招寿叔醍遜室．存太蕗隱報渇侯為尠殊～唇逮蕗隱，琉堂政蕗隱，佝‣蕗隱，琶堂政蕗隱宮嬢害侯為志嬢侯為蕗隱．罪埠履

適志狭仮・凡嬉銀司羊洫精巷虞夏膿偐側整室敕・引自例凡嬉銀木寿叔醍遜室．

• 侯為尠殊蕗隱？凡嬉銀夏膿招寿存侯為尠殊曙幄儘適唇逮～医訳蕗隱・宮夏膿尠凡嬉銀～東雌車湧埠履曳驚．

• 雙舍評擅蕗隱？凡嬉銀夏司羊雙舍評擅東雌甥埠夏罪疇恥志嬢沈折禰酵適菰評〔報渇父栂菰宮禰菰槲譛〕．東雌甥雙舍評擅・凡嬉

銀夏膿図招寿糟闥菰評儉қ斟堂宮侯為尠殊医訳適蕗隱．弱侯為尠殊医訳・夏膿撞遅凡嬉銀招寿叔醍遜室．

• 破束星錯蕗隱？凡嬉銀嚢破束星錯咽鋸裕雌凡宙斯手菰束袷寞在丞裕雌凡宙斯手菰束．僲弱韮今講侍・筒甥隊間袷手壊東雌車嚢楓

噴幻東雌汗高袷忍価歿乢甥幻東雌汗高適雌凡畋悦．忍価菰束噴破弱慎宮裕凡嬉銀適雌凡宙斯手菰束袷寞在丞裕凡嬉銀適雌凡宙斯


手菰束〔詩古条狭自底〕・夏撞遅戾菰雌姿淅‣捉滋玄庄．

凡嬉銀蚊押適曲責豹舷韮価゛

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• 押責閉樋幼速入悟曲責豹舷適孜漂．東雌車巳筆膿手壊繕楓東雌凡銀．

• 嬉銀曲責豹舷位鍊捻迄適雌姿淅‣咋異疲閣嬉租・菰束偐滲尊哉咋東雌．

• 丞峻斃擅顱耳專〔令蚕〕柊厳伶菰伋綯‣罪湧闥鍊捻乳適哨跋福奴．專〔令蚕〕柊厳伶菰伋制凡嬉銀甥鴻甲皃啅適菰伋伶蔑宙鍊四塞

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• 嬉銀皃講入: 2008捻6倹16入

• 專 (令蚕) 柊厳伶菰伋皃講入: 2008捻6倹16入

• 裕2021捻2倹25入輝・嘉尿丞個30%漂盾父痔泙愛拮博草拷醍形宮宙形効嗣孜斃咋異凡嬉銀適嬉盾・位順朱歔秋湧闥嬉盾司羊適比

婁貴息．

凡嬉銀湧庇汀僑鋪譛゛

凡嬉銀閉埠汀僑忍価鋪譛．革仮巳筆膿手壊東雌凡銀．


東雌凡嬉銀慎宮唅叉非羊宮畋非゛

革仮袷図纑夫適畋非

凡嬉銀菰伋侯為袷図纑夫位仮非羊．

A 伶菰伋 B 伶菰伋 N 伶菰伋

禰酵非 (袷受治禰酵非羊) 塞剛異禰酵銀掛適 5.00% 埠溺羊塞剛異禰酵銀掛適

3.00%

轎柑非 (袷轎柑非羊)* 轎柑菰伋適儉Ỻ適 1.00% 埠溺羊埠溺羊

赭壊非 (袷赭壊非羊) 埠溺羊塞剛 4.00% 埠溺羊

凡嬉銀次纐纑夫適非羊

位仮畋非對徘凡嬉銀綯‣宙扠償・革仮適東雌壊宝對偐引自玄庄．

捻葎 (凡嬉銀雌姿淅Ỻ適俵噴斃)

A 伶菰伋** B 伶菰伋*** N 伶菰伋**

緩痢非 (袷東雌緩痢非)* 1.50% 1.50% 1.50%

尊緩非塞剛 0.140% 塞剛 0.140% 塞剛 0.140%

曲責豹舷非埠溺羊埠溺羊埠溺羊

講星非埠溺羊埠溺羊埠溺羊

胃次非* 0.50% 0.75% 1.00%

腹無非埠溺羊 1.06% 埠溺羊

賭起宮蚊顧，効嗣，顧脊宮講星大痢非 +

拡呼伶蔑睡柄嚢菰伋次湧刃顧后嚢孤底銀掛非羊

塞剛 0.2175%

戾捻塞剛30柊厳

塞剛 0.2175%


塞剛 0.2175%


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**戾捻緩痢非・韮嬉銀絕迷藷曙底誼・報渇緩痢非〔東雌緩痢非〕宮胃次非．

***戾捻緩痢非・韮嬉銀絕迷藷曙底誼・報渇緩痢非〔東雌緩痢非〕，胃次非宮腹無非．

存太非羊

凡嬉銀菰伋侯為袷図纑夫存太非羊宮畋非．

存太雌迅

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www.franklintempleton.com.hk 穫手．

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• 東雌車夏遅吐 (852) 2877-7733 連酪鴻甲大豹袷瀛觀鴻甲大豹嚢蒙竝www.franklintempleton.com.hk手涜宙解刃適雌涼．

• 丞峻蒙竝閉巳異鴻甲譛喧宮棄過侍無竿撮尉姻偐〔譛竿偐〕慎援．

叔踊汀耳

革仮韮湧義紋・懈賜誂尓曲易賢．

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Franklin Templeton Investment Funds

Franklin MENA FundMiddle East and North

Africa Equity

30.09.2021

Fund Fact Sheet

E-Mail Web

[email protected] www.franklintempleton.com.hk

For the source and calculation basis of Fund information, please refer to the *Explanatory Notes section.

Risk ConsiderationsFranklin MENA Fund invests primarily in transferable securities such as equity securities issued by companies of any size

incorporated in, or which have their principal business activities in, the Middle East and North Africa region.The Fund is subject to market risk, equity risk, emerging markets risk, frontier markets risk, foreign currency risk, liquidity risk,

concentration risk, non-regulated markets risk, smaller and midsize companies risk, growth stocks risk, counterparty risk andparticipatory notes risk.Investors should read the offering documents for details and the risk factors, in particular those associated with investments

in emerging markets, frontier markets and non-regulated markets.The Fund may at its discretion pay dividends out of the capital or out of gross income of the Fund while paying all or part of

the Fund s fees and expenses out of the capital of the Fund, which results in effectively paying dividends out of capital.Payment of dividends out of capital amounts to a return or withdrawal of part of an investor s original investment or from anycapital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund s capital orpayment of dividends effectively out of the Fund s capital (as the case may be) may result in an immediate reduction of the netasset value per share.Investment involves risks which may result in loss of part or entire amount of your investment. Before you decide to invest,

you should make sure the intermediary has explained to you that the Fund is suitable to you. Investors should not only base onthis marketing material alone to make investment decisions.

Performance*

Performance over 5 Years in Share Class Currency (%)

Franklin MENA Fund A (acc) USD

80

100

120

140

160

180

Fund Overview

Base Currency for Fund USD

Total Net Assets (USD) 57 million

Fund Inception Date 16.06.2008

Number of Issuers 43

Benchmark Hybrid: MSCI ArabianMarkets SA Capped 20%until 29 September 2010

then S&P Pan ArabComposite Large Mid Cap

KSA Capped at 30%

Morningstar Category * Africa & Middle East Equity

09/16 03/17 09/17 03/18 09/18 03/19 09/19 03/20 09/20 03/21 09/21

Summary of Investment Objective

The Fund aims to achieve long-term capital appreciationby investing primarily in equity securities of companiesacross the entire market capitalisation spectrum in theMiddle East and North Africa (MENA) region, including, butnot limited to Bahrain, Egypt, Jordan, Kuwait, Lebanon,Morocco, Oman, Qatar, Saudi Arabia, Tunisia and theUnited Arab Emirates.

Performance in Share Class Currency (%)

Cumulative3 Mths YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs Since Incept

A (acc) USD 4.91 19.94 31.59 29.78 64.86 105.77 -14.61

Benchmark in USD 7.75 26.56 33.83 37.44 74.68 111.38 18.98

Fund Management*

Bassel Khatoun: U. Arab Emir.

Salah Shamma: U. Arab Emir.

Calendar Year Performance in Share Class Currency (%)

2020 2019 2018 2017 2016

A (acc) USD -0.70 11.51 2.39 12.75 -5.43Benchmark in USD -2.55 12.37 11.59 3.93 9.08

Top Ten Holdings* (% of Total)

Issuer NameAl Rajhi Bank 7.13Qatar National Bank QPSC 6.11Commercial International Bank (Egypt) SAE 4.74Cleopatra Hospital Company 4.13Emaar Properties (P.J.S.C) 4.07Saudi National Bank 3.59Commercial Bank (Q.S.C.) 3.58Industries of Qatar Co. 3.58Emirates NBD Bank (P.J.S.C) 3.09United Electronics Co. 3.02

Fund MeasuresPrice to Earnings (12-moTrailing)

3.96x

Price to Book 1.76xPrice to Cash Flow 8.40xHistorical 3 Yr Sales Growth 10.53%Estimated 3-5 Yr EPS Growth 21.85%Price to Earnings (12-moForward)

13.78x

Standard Deviation (5 Yrs) 15.68%

Ratings - A (acc) USD

Overall Morningstar Rating *:

Asset Allocation*

%Equity 99.84Cash & Cash Equivalents 0.16

Offering Documents

Shareholder Letters

Share Class Information

Fees Dividends Fund Identifiers

Share Class Incept Date NAV TER (%) 31.08.2021

Max. SalesCharge (%)

Max. AnnualCharge* (%)

Max. Serv.Charge (%)

Last PaidDate

Last PaidAmount ISIN

A (acc) USD 16.06.2008 USD 8.54 2.60 5.00 2.00 N/A N/A N/A LU0352132103

Franklin MENA Fund 30.09.2021

For the source and calculation basis of Fund information, please refer to the *Explanatory Notes section.

© 2021. Franklin Templeton. All rights reserved. www.franklintempleton.com.hk

Share Class Information (continued)

Fees Dividends Fund Identifiers

Share Class Incept Date NAV TER (%) 31.08.2021

Max. SalesCharge (%)

Max. AnnualCharge* (%)

Max. Serv.Charge (%)

Last PaidDate

Last PaidAmount ISIN

A (acc) EUR 16.06.2008 EUR 7.32 2.60 5.00 2.00 N/A N/A N/A LU0352132285B (acc) USD 16.06.2008 USD 7.16 3.91 N/A 2.25 1.06 N/A N/A LU0352132525

Composition of Fund*Franklin MENA Fund Hybrid: MSCI Arabian Markets SA Capped 20% until 29 September 2010 then S&P Pan Arab Composite Large Mid Cap KSA Capped at 30%

Geographic % of TotalSaudi Arabia 26.37 / 30.08U. Arab Emir. 25.63 / 20.04Egypt 19.32 / 2.97Qatar 18.92 / 19.10Kuwait 6.01 / 16.39Morocco 2.09 / 5.17United Kingdom 1.51 / 0.00Bahrain 0.00 / 2.71Oman 0.00 / 1.67Others 0.00 / 1.87Cash & Cash Equivalents 0.16 / 0.00

Sector % of TotalFinancials 41.04 / 61.93Consumer Discretionary 14.77 / 1.95Industrials 8.49 / 4.39Health Care 7.40 / 0.66Real Estate 7.05 / 4.70Communication Services 5.16 / 9.16Materials 5.04 / 10.89Information Technology 3.71 / 0.17Energy 3.61 / 3.52Others 3.59 / 2.61Cash & Cash Equivalents 0.16 / 0.00

Market Capitalisation Breakdown in USD % of Equity<2.0 Billion 31.662.0-5.0 Billion 11.295.0-10.0 Billion 18.2910.0-25.0 Billion 9.7125.0-50.0 Billion 10.84>50.0 Billion 13.61N/A 4.60

*Explanatory NotesPerformance: Performance information is based on the stated share class only, in Fund Currency, NAV to NAV, taking into account of dividend reinvestments and capital gain or loss.When performance for either the portfolio or its benchmark has been converted, different foreign exchange closing rates may be used between the portfolio and its benchmark.All MSCI data is provided as is. The Fund described herein is not sponsored or endorsed by MSCI. In no event shall MSCI, its affiliates or any MSCI data provider have any liability of any kind in connection with the MSCI data or the Fund described herein. Copying or redistributing the MSCI data is strictly prohibited.STANDARD & POOR S®, S&P® and S&P 500® are registered trademarks of Standard & Poor s Financial Services LLC. Standard & Poor s does not sponsor, endorse, sell or promote any S&P index-based product.Morningstar Category : Copyright © Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is provided for reference purposes only. Past performance is not an indicator or a guarantee of future performance.Fund Management: In the case of portfolio managers who are CFA Charterholders, CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.Ratings: Copyright © Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is provided for reference purposes only. Past performance is not an indicator or a guarantee of future performance.Top 10 Holdings: These securities do not represent all of the securities purchased, sold or recommended for clients, and the reader should not assume that investment in the securities listed was or will be profitable. The portfolio manager for the Fund reserves the right to withhold release of information with respect to holdings that would otherwise be included in the top holdings list. Asset Allocation/Composition of Fund: Due to rounding, the sum of portfolio may not equal 100%.Fees: Maximum Annual Charge includes Management Fee and Maximum Maintenance Charge.

Important Information

Unless stated otherwise, all information is as of the publishing date of this document. Source: Franklin Templeton.© 2021. Franklin Templeton. All rights reserved.Franklin Templeton Investments (Asia) Limited and Legg Mason Asset Management Hong Kong Limited are the issuers of this document. This document is neither an offer nor solicitation to purchase shares of the fund. Investments involves risks, fund value may go up as well as down and past performance is not an indicator or a guarantee of future performance. The investment returns are calculated on NAV to NAV basis, taking into account of reinvestments and capital gain or loss. The investment returns are denominated in stated currency, which may be a foreign currency other than USD and HKD (“other foreign currency”). US/HK dollar-based investors are therefore exposed to fluctuations in the US/HK dollar / other foreign currency exchange rate. For further information relating to any fund referred to in this document, including the risk factors, please refer to the respective offering document. Distribution of this document may be restricted in certain jurisdictions. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a report or make such an offer or solicitation. Any share class with “(Hedged)” in its name will attempt to hedge the currency risk between the base currency of the Fund and the currency of the share class, although there can be no guarantee that it will be successful in doing so. In some cases, investors may be subject to additional risks.In addition, a summary of investor rights is available from https://www.franklintempleton.com.hk/en-hk/investor/our-approach/our-company/summary-of-investor-rights. The fund(s)/ sub-fund(s) are notified for marketing in various regions under the UCITS Directive. The fund(s)/ sub-fund(s) can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive.All charts, data, opinions, estimates and other information are provided as of the date of this document and may be subject to change without notice. This document has not been reviewed by the Hong Kong Securities and Futures Commission in Hong Kong or Monetary Authority of Macao in Macau.Legg Mason Asset Management Hong Kong Limited is an indirect wholly owned subsidiary of Franklin Resources, Inc.

Product Key Facts

Franklin Templeton Investment Funds –

Franklin MENA Fund

Issuer: Franklin Templeton Investments (Asia) Limited Last updated: April 2021

• This statement provides you with key information about this product.

• This statement is a part of the offering document.

• You should not invest in this product based on this statement alone.

Quick facts

Management company: Franklin Templeton International

Services S.à r.l.

Investment manager(s): Franklin Templeton Investments

(ME) Limited, Dubai (internal delegation)

Depositary: J.P. Morgan Bank Luxembourg S.A.

Base currency: USD

Financial year end of this Fund: 30 June

Dealing frequency: Every Hong Kong Business Day

Minimum Investment: USD 1,000 [initial] and USD 500

[subsequent purchases] or equivalent

Ongoing charges over a year#:

Class A (acc) EUR: 2.77%

Class A (acc) USD: 2.77%

Class B (acc) USD: 4.07%

Class N (acc) USD: 3.27%

#The ongoing charges figures are based on the semi-annual financial statements for the period ended 31 December 2020. These figures may vary from year to year.

Dividend policy: Dividends, if declared, will be reinvested unless

indicated by you in the application form to be paid out. Subject to

any legal and regulatory requirements, the Fund may at its

discretion pay dividends out of the capital or out of gross income

of the Fund while charging / paying all or part of the Fund’s fees

and expenses to / out of the capital of the Fund, which results in

an increase in distributable income for the payment of dividends

by the Fund and therefore, the Fund may effectively pay dividends

out of capital. The Fund may amend such distribution policy

subject to the SFC’s prior approval and by giving not less than one

month’s prior notice to investors. Any distributions involving

payment of dividends out of the Fund’s capital or payment of

dividends effectively out of the Fund’s capital (as the case may be)

may result in an immediate reduction of the net asset value per

share.

What is this product?

This is a fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is Commission de

Surveillance du Secteur Financier.

Investment Objective and Policy

Franklin MENA Fund (the “Fund”) aims to increase the value of its investments over the medium to long term.

The Fund invests primarily (that is, at least two-thirds of the Fund’s net assets) in:

• transferable securities such as equity securities issued by companies of any size incorporated in, or which have their principal

business activities in, the Middle East and North Africa (MENA) region, including but not limited to the Kingdom of Saudi

Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan and Morocco

Franklin Templeton Investment Funds - Franklin MENA Fund 1


In exceptional market circumstances (such as extreme volatility) and on a temporary basis only, 100% of the Fund’s net assets may

be invested in liquid assets, with due regard to the principle of risk spreading.

The Fund can invest on an ancillary basis in:

• participatory notes

• transferable securities such as equity, equity-related and fixed income securities issued by governments and corporations of

any size located in any country

• units of Undertakings for Collective Investment in Transferable Securities (UCITS) and other Undertakings for Collective

Investment (UCIs) (limited to 10% of the Fund’s net assets)

• derivatives for hedging, efficient portfolio management and investment purposes

Use of derivatives / investment in derivatives

The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.

What are the key risks?

Investment involves risks. Please refer to the offering document for details including the risk factors.

• Market risk: The market values of securities owned by the Fund will tend to go up or down, sometimes rapidly or

unpredictably, due to factors affecting individual issuers, particular industries or sectors within securities markets, or because of

general market conditions. During a general downturn in the securities markets, multiple asset classes (including different

sectors of the same asset class) may decline in value at the same time. Similarly, when markets perform well, there can be no

assurance that securities held by the Fund will participate in the advance. Because the securities the Fund holds fluctuate in

price in this manner, the Fund’s value may go down as well as up and investors may be adversely affected.

• Equity risk: Equity and equity-linked securities are subject to significant price movements due to various economic, political,

market and issuer-specific factors. Such changes may adversely affect the value of equities regardless of issuer-specific

performance. Additionally, different industries, financial markets and securities can react differently to these changes. Such

fluctuations of the Fund’s value are often exacerbated in the short-term. Financial markets trends (including feared or actual

failures in the banking system) may also cause large fluctuations in the prices of such securities. As a result, the Fund may be

adversely affected.

• Emerging markets risk: The Fund may invest in, or be exposed to, emerging markets, which may involve increased risks and

special considerations not typically associated with investment in more developed markets. The risks of investing in emerging

markets, which can adversely affect and/or result in a substantial loss to the Fund, may include: liquidity risks, currency

risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a

high degree of volatility.

• Frontier markets risk: Investments in frontier markets involve risks similar to investments in emerging markets but to a greater

extent since frontier markets are even smaller, less developed, and less accessible than other emerging markets. Frontier

markets may also experience greater political and economic instability and may have less transparency, less ethical practices,

and weaker corporate governance compared to other emerging markets. Such markets are also more likely to have

investment and repatriation restrictions, exchange controls and less developed custodial and settlement systems than other

emerging markets. As a result, the Fund/investors may be adversely impacted.

• Foreign currency risk: The Fund will typically invest to a significant degree in securities that are denominated in currencies

other than the base currency of the Fund, exposing its investments to changes in foreign exchange rates and the possibility of

exchange control regulations. Changes in currency exchange rates may adversely affect the value of the Fund, and also may

affect the income earned by the Fund and gains and losses realized by the Fund. The Fund may seek to hedge currency

exposure, which can limit the potential for currency gains. To the extent that the Fund seeks to hedge or protect against

currency exchange risk, there is no guarantee that hedging or protection will be achieved, and the value of the Fund may be


adversely affected. Furthermore, the total return for a share class that is denominated in a different currency (the “alternative

currency”) from the base currency of the Fund may be affected, either positively or negatively, by changes in the exchange rate

between the Fund’s base currency and the alternative currency.

• Liquidity risk: The Fund may not be able to easily sell securities due to adverse market conditions or reduced value or

creditworthiness of issuers in which it invests. The inability of the Fund to sell securities or positions may also impede the ability

of the Fund to meet redemption requests in a timely manner. Certain securities may also be illiquid due to limited trading

markets or contractual restrictions on their resale. Reduced liquidity due to these factors may have an adverse impact on the

net asset value of the Fund.

• Concentration risk: By being concentrated in one region (i.e., MENA), the Fund could suffer greater volatility compared to

funds that follow a more diversified policy. The value of the Fund may be more susceptible to adverse economic, political,

policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the MENA region and the Fund/investors may be

adversely impacted.

• Non-regulated markets risk: Some markets that the Fund invests in do not qualify as regulated due to their economic, legal,

or regulatory structure, exposing the Fund to greater regulatory risk compared to funds that invest only in regulated market(s).

The Fund may be adversely affected as a result.

• Smaller and midsize companies risk: Stocks of smaller- and mid-sized companies tend to be less liquid and more volatile to

adverse economic developments than larger, more recognized companies, particularly if such companies are in emerging

markets, which results in higher risk for the Fund. The value and performance of the Fund may be adversely affected as a

result.

• Growth stocks risk: Growth stocks can be more volatile and may be more expensive, relative to earnings, than the market in

general. The Fund may be adversely affected by the greater volatility of investments in such stocks.

• Derivative instruments risk: Derivative instruments involve cost, may be volatile, and may involve a leverage effect. A small

market movement may give rise to a proportionately larger impact, which may cause substantial loss to the Fund. Other risks

include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. In adverse

situations, the Fund’s use of derivative instruments may become ineffective and the Fund may suffer significant losses.

• Counterparty risk: The Fund may be exposed to the credit/default risks of its counterparties and the Fund/investors may be

adversely impacted.

• Participatory notes risk: The Fund may use participatory notes to obtain exposure to an equity investment, including common

stocks and warrants, in a local market where direct ownership is not allowed. By investing in participatory notes, the Fund may

be exposed not only to movements in the value of the underlying equity, but also to the risk of counterparty default, which may

in the event of counterparty default result in a substantial loss to the Fund.

• Dividend policy risk: The Fund’s dividend policy allows for payment of dividends out of capital or effectively out of capital.

Where this is done, it amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains

attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital or payment of

dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value

per share.


How has the Fund performed?

The performance of the Fund in these years was achieved under circumstances that no longer apply. The investment policy was

changed in 2014.

• Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

• The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividends reinvested.

• These figures show by how much class A (acc) USD increased or decreased in value during the calendar year being shown.

Class A (acc) USD is the share class available in Hong Kong with the longest history in the Fund. Performance data has been

calculated in USD, including ongoing charges and excluding subscription fee and redemption fee you might have to pay.

• Fund launch date: 16 June 2008

• Class A (acc) USD launch date: 16 June 2008

• Effective 25 February 2021, S&P Pan Arab Composite Large Mid Cap KSA Capped at 30% was added as the benchmark of the

Fund to adhere to European disclosure rules regarding the use of benchmark.

Is there any guarantee?

This Fund does not have any guarantees. You may not get back the full amount of money you invest.


What are the fees and charges?

Charges which may be payable by you

You may have to pay the following fees when dealing in the shares of the Fund.

Class A Class B Class N

Subscription fee (Initial sales charge) Up to 5.00% of the

subscription

amount

N/A Up to 3.00% of the

subscription

amount

Switching fee (Switching charge)* 1.00% of the

value of the

shares being

switched

N/A N/A

Redemption fee (Redemption charge) N/A Up to 4.00% N/A

Ongoing fees payable by the Fund

The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments.

Annual rate (as a % of the Fund’s net asset value)

Class A** Class B*** Class N**

Management fee (Investment management fee)* 1.50% 1.50% 1.50%

Depositary fee Up to 0.140% Up to 0.140% Up to 0.140%

Performance fee N/A N/A N/A

Administration fee N/A N/A N/A

Maintenance charge* 0.50% 0.75% 1.00%

Servicing charge N/A 1.06% N/A

Registrar and Transfer, Corporate, Domiciliary and

Administrative Agent fee +

Additional fixed amount per Shareholder account at each Class

level

Up to 0.2175%

Up to USD 30 per

annum

Up to 0.2175%

Up to USD 30 per

annum

Up to 0.2175%

Up to USD 30 per

annum

*The current fee level may be increased up to the maximum level permitted by the constitutive document of the Fund by giving one

month’s prior notice to the shareholders.

** The Annual Management Fees as defined in the Explanatory Memorandum comprise of the Management Fee (Investment

Management Fee) and the Maintenance Charge.

*** The Annual Management Fees as defined in the Explanatory Memorandum comprise of the Management Fee (Investment

Management Fee), the Maintenance Charge and the Servicing Charge.

Other fees

You may have to pay other fees and charges when dealing in the shares of the Fund.


Additional Information

• You generally buy and redeem shares at the Fund’s next determined net asset value (NAV) after the Hong Kong

Representative, Franklin Templeton Investments (Asia) Limited, receives your request in good order on or before 4:00 p.m.

(Hong Kong time) being the dealing cut-off time. Certain intermediaries may impose an earlier dealing cut-off time.

• The net asset value of this Fund is calculated and the price of shares is published on each business day. Information about

prices is available online at www.franklintempleton.com.hk.

• The compositions of the dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital) for the last 12

months are made available by the Hong Kong Representative on request and are also available online at

www.franklintempleton.com.hk.

• Investors may obtain the past performance information of other share classes offered to Hong Kong investors from the Hong

Kong Representative’s website at www.franklintempleton.com.hk.

• Investors may obtain information on the intermediaries by calling the Hong Kong Representative at (852) 2877-7733 or visiting

the Hong Kong Representative’s website at www.franklintempleton.com.hk.

• The website mentioned above has not been reviewed by the Securities and Futures Commission (“SFC”).

Important

If you are in doubt, you should seek professional advice.

The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness.

http://www.franklintempleton.com.hk/


