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 U.S. Equity UCITS ETF Class SINGLCLASS • ISIN IE00BF2B0P08 • A sub-fund of Franklin Templeton ICAV The management company is Franklin Templeton International Services S.à r.l. Objectives and Investment Policy Franklin U.S. Equity UCITS ETF (the “Fund”) invests in large and mid- The Fund's shares are listed and traded on one or more stock exchanges. capitalisation stocks in the U.S.The Fund seeks to track the performance of Investors can deal in shares daily through a broker on stock exchange(s) the Linked Franklin US Equity Index (Net Return) (the “Underlying Index”) on which the shares are traded. Income from the Fund's investments will as closely as possible, regardless of whether the Underlying Index levelbe reinvested and not distributed to investors. rises or falls. For further information on the Objectives and Investment Policy of the The Fund is passively managed and seeks to track the performance of the Fund, please refer to the “Investment Objective and Strategy” section of the Linked Franklin US Equity Index (Net Return) (the “Index”) as closely ascurrent prospectus of Franklin Templeton ICAV and the Fund supplement. possible, regardless of whether the Index level rises or falls. The FundTerms to Understand aims to replicate the Index by holding all its securities in a similar proportion to their weighting in the Index. The Index comprises 250 stocks Derivatives: Financial instruments whose characteristics and value which are selected from the Russell 1000® Index (Net Return), using a depend on the performance of one or more underlying assets, typically transparent multi-factor selection process that applies four investment style securities, indexes, currencies or interest rates. factors (quality, value, momentum and low volatility). Mid-capitalisation stock: stock of companies with market capitalisation The securities in which the Fund invests will be primarily listed or traded on generally accounting accumulatively for the next 20% of the capitalisation recognised markets globally in accordance with the limits set out in theof a domestic stock market below large-capitalisation stock. UCITS Regulations. Large-capitalisation stock: stock of companies with large market The Fund may use derivatives for efficient portfolio management purposescapitalisation generally accounting accumulatively for the top 70% of the only. capitalisation of a domestic stock market. This Fund may not be appropriate for investors who plan to withdraw their For accumulation shares, income from investments is reinvested in the money within five (5) years.Fund and reflected in the price of shares. Risk and Reward Profile Such assets have historically been subject to price movements due to such factors as general stock market volatility, changes in the financial outlook or fluctuations in currency markets. As a result, the performance of the Fund1 23 4 56 7 can fluctuate significantly over relatively short time periods. Risks materially relevant not adequately captured by the indicator: Lower risk Higher riskCounterparty risk: the risk of failure of financial institutions or agents Potentially lower rewardsPotentially higher rewards (when serving as a counterparty to financial contracts) to perform their obligations, whether due to insolvency, bankruptcy or other causes. Derivative Instruments risk: the risk of loss in an instrument where a What does this indicator mean and what are its limits? small change in the value of the underlying investment may have a larger impact on the value of such instrument. Derivatives may involve additional This indicator is designed to provide you with a measure of the price liquidity, credit and counterparty risks. movement of this share class based on historical behavior. Index related risk: the risk that quantitative techniques used in creating the Index the Fund seeks to track do not generate the intended result, or that Historical data may not be a reliable indication of the future risk profile of the portfolio of the Fund deviates from its Index composition or the Fund. The category shown is not guaranteed to remain unchanged and performance. may shift over time.Secondary market trading risk: the risk that the shares purchased on the secondary market cannot usually be sold directly back to the Fund and that The lowest category does not mean risk free.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 Why is the Fund in this specific category? shares. The Fund intends to track the performance of the Underlying Index which is For a full discussion of all the risks applicable to this Fund, please refer to comprised of 250 stocks which have been selected from the Russell 1000® the “Risk Considerations” section of the current prospectus of Franklin Index (Net Return). Templeton ICAV.Charges The charges you pay are used to pay the costs of running the Fund, *No entry nor exit charges are payable where investors deal in shares in including the costs of marketing and distributing it. These charges reduce the secondary market – i.e. where shares are purchased and sold on a the potential growth of your investment.stock exchange. In such cases, investors may pay fees charged by their broker. Authorised Participants dealing directly with the Fund may pay an One-off charges taken before or after you investentry charge up to a maximum of 3% and an exit charge up to a maximum of 2%. Entry charge Not applicable* The entry and exit charges shown are maximum amounts: you may pay Exit charge Not applicable* less in some cases. For more information please ask your financial adviser. This is the maximum that might be taken out of your money before it is The ongoing charges are based on the expenses for the year ending 31 invested. December 2024. This figure may vary from year to year. Charges taken from the Fund over a year For detailed information about charges, please refer to the “Fees and Ongoing charges0.25%Expenses” section of the current prospectus of Franklin Templeton ICAV and the Fund supplement. Charges taken from the Fund under certain specific conditions Performance fee Not applicable 1/2Franklin U.S. Equity UCITS ETF • Past Performance• Past performance is not a guide to future performance.40.0• The past performance shown here includes all the ongoing charges.• The Fund was launched in 2017 and the present share class on30.0 09/06/2017.• Past performance is calculated in the currency of the present share class.20.0• Linked Franklin US Equity Index – NR: the benchmark performance shown is LibertyQ US Large Cap Equity Index-NR from the Fund's inception until10.0 28/02/2022 and Linked Franklin US Equity Index – NR from 01/03/2022 until present. 0.0 -10.0 -20.0 -30.02015 2016 2017 2018 2019 2020 2021 20222023 2024 -2.4 28.2 10.2 26.2 -8.814.6 10.5 -2.4 28.1 10.0 26.2 -8.614.2 10.2 -5.3 30.7 20.3 25.9 -19.5 25.9 24.0 Franklin U.S. Equity UCITS ETF Class SINGLCLASS Linked Franklin US Equity Index – NR Russell 1000 Index-NR Practical Information • The Depositary of Franklin Templeton ICAV is State Street Custodialmisleading, inaccurate or inconsistent with the relevant parts of the Services (Ireland) Limited.prospectus of the Fund. • You can obtain further information about the Fund, copies of its • The present Fund is a sub-fund of Franklin Templeton ICAV. The prospectus, supplement and its latest annual and semi-annual reports prospectus and the annual and semi-annual reports refer to all sub-funds from the website www.franklintempleton.com or free of charge from the of Franklin Templeton ICAV. All Funds of Franklin Templeton ICAV have Administrator, State Street Fund Services (Ireland) Limited, 78 Sir John segregated assets and liabilities. As a result, each Fund is operated Rogerson's Quay, Dublin 2, Ireland or your financial adviser. Theseindependently from each other. documents are each available in English and certain other language(s). • You may not exchange shares with another sub-fund of Franklin • The latest Net Asset Value and other practical information on the Fund is Templeton ICAV. available from the Administrator, State Street Fund Services (Ireland) • The details of the up-to-date remuneration policy of the management Limited, 78 Sir John Rogerson's Quay, Dublin 2, Ireland or company, including but not limited to, a description of how remuneration www.franklintempleton.com and benefits are calculated, the identity of persons responsible for • The indicative Net Asset Value is displayed on major market data vendorawarding the remuneration and benefits including the composition of the terminals. remuneration committee, are available at www.franklintempleton.lu and a paper copy can be obtained free of charge. • Please note that the Irish taxation regime may have an impact on your personal tax position. Please consult your financial or tax adviser before • FTSE's website (www.ftserussell.com) contains more detailed information deciding to invest.about the Index. • 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 06/02/2025. 2/2