Franklin Templeton Investment – Amendment to the investment policy of Franklin Templeton Shariah Funds (FTSF) – Franklin Global Sukuk Fund

Corporate Action

The fund manager would like to inform you about the decision of the board of directors (the “Board”) of Franklin Templeton Shariah Funds (the “Company”) to amend the investment policy of the Franklin Global Sukuk Fund (the “Fund”).

These changes will enable the Fund to use financial derivative instruments for investment purposes, which may have an impact on the way the Fund is managed and on the allocation of its portfolio.

The Board however does not expect this change to have any impact on the Fund’s risk profile or SRRI. These will become effective as from 15 June 2021.

Detailed descriptions of the revised investment policy are included in the Appendix of this letter.

For more details, please refer to the shareholder notice.