Key Investor Information

This document provides you with key investor information about this fund. It is not marketing material.

The information is required by law to help you understand the nature and the risks of investing in this

fund. You are advised to read it so you can make an informed decision about whether to invest. Franklin Core US Enhanced Equity UCITS ETF Class SINGLECLASS • ISIN IE000CZU3JH0 • A sub-fund of Franklin Templeton ICAV The management company is Franklin Templeton International Services S.à r.l.

Objectives and Investment Policy Franklin Core US Enhanced Equity UCITS ETF (the “Fund”) investment

Buying and selling shares objective is to provide capital appreciation from US large capitalisationYou may buy or sell shares daily through a broker on the stock exchange equities where the shares are traded. Authorised participants, such as selected Investment Policyfinancial institutions, may buy or sell shares directly with the fund, on any The Fund invests in a diversified portfolio of transferable securities

day markets are open for business in the United Kingdom (provided that on consisting of equity and equity-related securities, of companies of any

such day the markets on which substantially all of the Fund’s investments market capitalisation incorporated, domiciled or having their principal

are traded are open). business activities in the U.S.

Intended retail investor While the Fund invests predominantly in common stocks, it can also investInvestors who understand the risks of the Fund and plan to invest for at in equity-related securities including preferred stock, convertible securities

least 3 to 5 years. The Fund may appeal to investors who: and warrants on securities. To a lesser extent the Fund may invest in• are looking for long-term investment growth securities of non-US issuers, including American Depository Receipts.

• are interested in exposure to US equity markets as part of a diversified Derivatives and techniques The Fund may use derivatives for hedging, portfolio efficient portfolio management and investment purposes.

• have a high risk profile and can tolerate significant short-term changes in Strategy The Fund uses a quantitative investment approach, meaning itthe share price selects investments based on data and models, while aiming to keep the expected level of tracking error relative to the benchmark between 1- 2% in

Product availability The Fund is available to all investors with at least normal market conditions. The strategy employs a proprietary quantitativebasic investment knowledge, through a wide range of distribution channels, selection process using a multi-factor model to assign a score based on

with or without the need for advice. factors like quality, value, sentiment, alternative and an "alpha signal"Terms to Understand developed by the Investment Manager. The alpha signal is a proprietary

derivatives: Financial instruments whose value is linked to one or more score that is developed by the Investment Manager.

rates, indexes, share prices or other values. SFDR category Article 8 (promotes environmental and/or socialemerging markets: Markets of less economically developed nations, such characteristics under EU regulations).

as some nations in Asia, Africa, Eastern Europe and Latin America. The investment manager applies a proprietary rating methodology usingequities: Securities that represent partial ownership of a company. various ESG criteria to assess long-term opportunities and risks. The fund excludes issuers lagging in the transition to a low-carbon economy and

efficient portfolio management: A strategy aimed at reducing risk, excludes or restricts investments in certain industries that are harmful to

lowering costs or generating additional capital or income for the Fund the environment or society, such as thermal coal, weapons and tobacco.

through the use of derivatives. These strategies must align with the Funds

risk profile. For more information see www.franklintempleton.ie/48640

Share Class Currency: USD Base currency US dollar (USD).

Treatment of Income: For accumulation shares, income from investments Benchmark(s) S&P 500 - NR. Used for performance comparison only. is reinvested in the Fund and reflected in the price of shares. The Fund is actively managed and may deviate materially from that of the benchmark(s).

Risk and Reward Profile

and warrants on securities. As a result, the performance of the Fund can

fluctuate significantly over relatively short time periods.1

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56

7 Risks materially relevant not adequately captured by the indicator:

Foreign Currency risk: the risk of loss arising from exchange-rate

fluctuations or due to exchange control regulations. Lower riskHigher riskDerivative Instruments risk: the risk of loss in an instrument where a Potentially lower rewards Potentially higher rewards small change in the value of the underlying investment may have a larger

impact on the value of such instrument. Derivatives may involve additional

liquidity, credit and counterparty risks. What does this indicator mean and what are its limits?

Liquidity risk: the risk that arises when adverse market conditions affect

the ability to sell assets when necessary. Such risk may be triggered by This indicator is designed to provide you with a measure of the price(but not limited to) unexpected events such as environmental disasters or movement of this share class based on historical behavior.

pandemics. Reduced liquidity may have a negative impact on the price of

the assets. Historical data may not be a reliable indication of the future risk profile of

Secondary market trading risk: the risk that the shares purchased on the the Fund. The category shown is not guaranteed to remain unchanged and

secondary market cannot usually be sold directly back to the Fund and that may shift over time. investors may therefore pay more than the NAV per share when buying

shares or may receive less than the current NAV per share when selling The lowest category does not mean risk free. shares.

For a full discussion of all the risks applicable to this Fund, please refer to Why is the Fund in this specific category?

the “Risk Considerations” section of the current prospectus of Franklin While the Fund invests predominantly in common stocks, it can also investTempleton ICAV. in equity-related securities including preferred stock, convertible securities

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Charges The charges you pay are used to pay the costs of running the Fund, The entry and exit charges shown are maximum amounts: you may pay including the costs of marketing and distributing it. These charges reduce less in some cases. For more information please ask your financial adviser. the potential growth of your investment.The ongoing charges shown here are an estimate of the charges. We haveused estimated figures as under current applicable rules we are not allowed One-off charges taken before or after you invest

to calculate ongoing charges for share classes with less than 12 months of Entry charge None

data. The UCITS' annual report for each financial year will include detail onthe exact charges made. Exit charge

NoneFor detailed information about charges, please refer to the “Fees and This is the maximum that might be taken out of your money before it is Expenses” section of the current prospectus of Franklin Templeton ICAV invested.

and the Fund supplement. Charges taken from the Fund over a year Ongoing charges0.20% Charges taken from the Fund under certain specific conditions Performance fee

Not applicable• Past Performance 1.2• The Fund was launched in 2026.

1.00.8 Under current legislation, we are not allowed to display performance data for funds with less than a complete full calendar year. 0.60.40.20.0

2021 2022

2023 2024

2025◼Franklin Core US Enhanced Equity UCITS ETF Class

SINGLECLASS

Practical Information • The Depositary of Franklin Templeton ICAV is The Bank Of New York

misleading, inaccurate or inconsistent with the relevant parts of the

Mellon SA/NV, Dublin Branch, The Shipping Office, Sir John Rogerson’s

prospectus of the Fund.

Quay, Dublin 2, Ireland. • The present Fund is a sub-fund of Franklin Templeton ICAV. The • You can obtain further information about the Fund, copies of its

prospectus and the annual and semi-annual reports refer to all sub-funds

prospectus, supplement and its latest annual and semi-annual reports

of Franklin Templeton ICAV. All Funds of Franklin Templeton ICAV have

from the website www.franklintempleton.com or free of charge from the

segregated assets and liabilities. As a result, each Fund is operated

Administrator, BNY Mellon Fund Services (Ireland) DAC, The Shippingindependently from each other.

Office, Sir John Rogerson’s Quay, Dublin 2, Ireland or your financial• You may not exchange shares with another sub-fund of Franklin

adviser. These documents are each available in English and certain other

Templeton ICAV.

language(s).• The details of the up-to-date remuneration policy of the management • The latest Net Asset Value and other practical information on the Fund is

company, including but not limited to, a description of how remuneration

available from the Administrator, BNY Mellon Fund Services (Ireland) DAC

and benefits are calculated, the identity of persons responsible for

The Shipping Office, Sir John Rogerson’s Quay, Dublin 2, Ireland orawarding the remuneration and benefits including the composition of the

www.franklintempleton.com

remuneration committee, are available at www.franklintempleton.lu and a • The indicative Net Asset Value is displayed on major market data vendorpaper copy can be obtained free of charge.

terminals. • Please note that the Irish taxation regime may have an impact on your

personal tax position. Please consult your financial or tax adviser before

deciding to invest. • Franklin Templeton International Services S.à r.l may be held liable solely

on the basis of any statement contained in this document that is This Fund is authorised in Ireland and is regulated by the Central Bank of Ireland. Franklin Templeton International Services S.à r.l. is authorised in the Grand Duchy of Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier. This key investor information is accurate as at 13/02/2026.

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