Franklin Templeton Investment Funds Franklin Mutual European Fund Klasse W (Ydis) EUR/  LU0959059865  /

Under normal market conditions, the Fund seeks long-term capital appreciation by investing primarily in the equity securities of companies incorporated or having their principal activities in European countries that the investment manager believes are available at prices less than their intrinsic value. The Fund may also invest up to 10% of its net assets in non-European securities.