Franklin Biotechnology Discovery Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund aims to capital appreciation by investing principally in equity securities of biotechnology companies and discovery research firms mainly located in the US.

Access to Biotechnology stocks. The Fund invests in securities of biotechnology companies and discovery research firms mainly based in the US.

All the benefits from a first class proprietary research team. Franklin has one of the largest US Equity research teams.

A proven investment process. The fund will employ a bottom-up approach, focusing on individual stock selection and relative valuation. The fund is managed as conservatively as possible given the inherent volatility of the biotechnology sector, meaning that the team will remain risk aware although it is not risk averse.

A specialized portfolio management team. The lead portfolio manager specializes in research analysis of the health care industry; including biotechnology, pharmaceuticals, health care information systems/internet, and health care providers.

FUND MANAGERS

Evan McCulloch

  • California, United States
  • Years With Firm: 26
  • Years Of Experience: 27

Wendy Lam

  • California, United States
  • Years With Firm: 3
  • Years Of Experience: 6

Steve Kornfeld

  • California, United States
  • Years With Firm: 18
  • Years Of Experience: 30

What are the Key Risks?

The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.

  • The Fund invests mainly in equity securities of biotechnology companies. Such securities have historically been subject to significant price movements that may occur suddenly due to market, sector or company-specific factors. As a result, the performance of the Fund can fluctuate significantly over relatively short time periods.
  • Other significant risks include: liquidity risk.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.