Growth of $10K Avg Annual Total Return %   10 YR 5 YR 1 YR YTD Market Return 5.03% 18.03% 54.61% 6.30% Lipper Pct. Rank 57 25 75 75 NAV Return 4.74% 16.69% 48.47% 8.96% Lipper Pct. Rank 54 27 54 67 Premium/Discount History Premium/Discount 10 YR Avg 5 YR Avg YTD Avg -9.716% -11.169% -8.030%

NAV $21.77 Market Price $19.90 Net Change -$0.14 Market Change $0.01 Premium/Discount -8.59% 1 YR NAV Return 48.467% 1 YR NAV Rank 54 12-Mo Yield as of 4/30/2021 Yield Def Income Only Yield 0.90% Distribution Yield (Market) 3.32% Most Recent Income Dividend $0.180 Ex-Div Date 12/14/2020 Most Recent Cap Gain Dividend $0.477 Ex-Div Date 12/14/2020 Dividend Frequency Annually YTD Dividends -- YTD Capital Gains -- Inception Date 3/5/1987 Fund Advisor Templeton Asset Management Ltd Manager & Tenure Chetan Sehgal since 2017 Phone 800-342-5236 Website www.franklintempleton.com Total Net Assets (mil) as of 5/31/2021 $348.4 % Leveraged Assets as of 8/31/2020 4.40% Portfolio Turnover 18.00% Mgmt Fees 1.235% Expense Ratio 1.500% Fund Objective The Fund seeks long-term capital appreciation by investing primarily in emerging country equity securities.

Top Holdings (as of 2/28/2021) Taiwan Semiconductor Manufacturing Co Ltd ORD 12.58% Samsung Electronics Co Ltd ORD 11.11% Tencent Holdings Ltd ORD 9.18% Alibaba Group Holding Ltd ORD 8.85% Naver Corp ORD 4.60% Institutional Money Market Portfolio 4.39% Naspers Ltd ORD 3.76% ICICI Bank Ltd ORD 3.61% LG Corp ORD 2.43% MediaTek Inc ORD 2.42%

Top Sectors (as of 2/28/2021) Technology 46.81% Financials 19.03% Consumer Services 15.43% Consumer Goods 6.78% Industrials 5.44% Basic Materials 2.91% Oil & Gas 2.19% Health Care 1.16%

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