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 USD Investment Grade Corporate Bond UCITS ETF Class SINGLCLASS • ISIN IE00BFWXDX52 • A sub-fund of Franklin Templeton ICAV The management company is Franklin Templeton International Services S.à r.l.

Objectives and Investment Policy Franklin USD Investment Grade Corporate Bond UCITS ETF (the “Fund”)Environmental, social and governance (the “ESG”) factors are an important aims to provide current income from the USD fixed income market while

component of the Investment Manager's corporate credit research process seeking to preserve capital.

and the Fund seeks to promote environmental and social characteristics, The Fund invests mainly in U.S. dollar denominated fixed and floating rate,The Fund employs a proprietary ESG rating methodology with the aim of investment grade corporate debt securities and investments issued by U.S.

identifying best in class issuers and to avoid investment in issuers that are companies. The Fund can invest to a lesser extent in non-U.S. securities

lagging in the transition to support a low-carbon economy. The ESG rating including those issued by issuers in emerging markets and derivatives for

methodology is applied to at least 90% of the issuers present in the Fund's hedging, efficient portfolio management and/or investment purposes.portfolio and is binding for the portfolio construction. In choosing investments, the Investment Manager selects securities in

The Fund will exclude issuers in each category (i.e. sovereign and various market sectors based on the Investment Manager's assessment of corporate) that score in the bottom 20% of its investment universe from its changing economic, market, industry and issuer conditions. The portfolio. Investment Manager uses a “top-down” analysis of macroeconomic trends, The Fund is classified as Article 8 under the EU Sustainable Finance combined with a “bottom-up” fundamental analysis of market sectors,Disclosure Regulation. industries and issuers, to try to take advantage of varying sector reactions to economic events.The Fund's shares are listed and traded on one or more stock exchanges.Investors can deal in shares daily through a broker on stock exchange(s) The Fund pursues an actively managed investment strategy. Therefore, the

on which the shares are traded. Income from the Fund's investments will Fund will hold a portfolio of actively selected and managed investmentsbe distributed to investors semi-annually. rather than seek to track the performance of the benchmark. The Fund's benchmark, the Bloomberg Barclays US Corporate - Investment Grade

For further information on the Objectives and Investment Policy of the Index is a point of reference against which the performance of the FundFund, please refer to the “Investment Objective and Strategy” section of the may be measured. It is anticipated that a significant percentage of thecurrent prospectus of Franklin Templeton ICAV and the Fund supplement. Fund's investments will be components of the benchmark. However, their Terms to Understand weightings may deviate materially from those of the benchmark. The FundDebt securities: Securities representing the issuer's obligation to repay a may also invest in securities that are not included in the benchmark.

loan at a specified date and to pay interest. The securities in which the Fund invests will be primarily listed or traded on Derivatives: Financial instruments whose characteristics and value recognised markets globally in accordance with the limits set out in the

depend on the performance of one or more underlying assets, typically UCITS Regulations. securities, indexes, currencies or interest rates. The Fund may use derivatives for efficient portfolio management purposes

Emerging markets: Countries whose economy, stock market, political only.

situation and regulatory framework are not fully developed. This Fund is appropriate for investors who are willing to hold their

Investment grade debt securities: securities that are rated at the time of investment over the medium to long term, for a minimum period of 3 to 5purchase in the top four ratings categories by one or more recognised years. rating agencies or, if unrated, are determined to be of comparable quality.For distribution shares, dividend income is distributed to investors.

Risk and Reward ProfileThe Fund invests primarily in U.S. dollar denominated corporate debtsecurities issued by U.S. and non-U.S. companies.1

23 4

5

6

7

Such securities have historically been subject to price movements,generally due to interest rates or movements in the bond market. As aresult, the performance of the Fund can fluctuate over time.

Lower risk Higher risk Risks materially relevant not adequately captured by the indicator: Potentially lower rewards

Potentially higher rewards

Counterparty risk: the risk of failure of financial institutions or agents(when serving as a counterparty to financial contracts) to perform theirobligations, whether due to insolvency, bankruptcy or other causes. What does this indicator mean and what are its limits? Credit risk: the risk of loss arising from default that may occur if an issuer This indicator is designed to provide you with a measure of the price

fails to make principal or interest payments when due. This risk is higher if movement of this share class based on historical behavior. the Fund holds low-rated, sub-investment-grade securities.Derivative Instruments risk: the risk of loss in an instrument where a Historical data may not be a reliable indication of the future risk profile of small change in the value of the underlying investment may have a larger the Fund. The category shown is not guaranteed to remain unchanged and impact on the value of such instrument. Derivatives may involve additional may shift over time.

liquidity, credit and counterparty risks.Secondary market trading risk: the risk that the shares purchased on the The lowest category does not mean risk free.

secondary market cannot usually be sold directly back to the Fund and thatinvestors may therefore pay more than the NAV per share when buying As the share class has no sufficient historical data available, simulated data shares or may receive less than the current NAV per Share when selling based on a representative portfolio model or benchmark have been used

shares. instead.

For a full discussion of all the risks applicable to this Fund, please refer tothe “Risk Considerations” section of the current prospectus of Franklin Why is the Fund in this specific category? Templeton ICAV. 1/2Franklin USD Investment Grade Corporate Bond UCITS ETFCharges 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 theirbroker. Authorised Participants dealing directly with the Fund may pay an One-off charges taken before or after you invest

entry charge up to a maximum of 3% and an exit charge up to a maximumof 2%. Entry charge Not applicable*The entry and exit charges shown are maximum amounts: you may pay Exit chargeNot 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 yearFor detailed information about charges, please refer to the “Fees and Ongoing charges0.35%

Expenses” section of the current prospectus of Franklin Templeton ICAVand the Fund supplement. Charges taken from the Fund under certain specific conditions Performance fee

Not applicable• Past Performance• Past performance is not a guide to future performance.20.0• The past performance shown here includes all the ongoing charges.• The Fund was launched in 2018 and the present share class on15.0

25/06/2018.10.0• Past performance is calculated in the currency of the present share class.• Product performance is not tracking the index. 5.0

0.0

-5.0 -10.0 -15.0 -20.02015

2016

2017

2018

2019

2020

2021

20222023

202414.1

10.2

-2.2

-15.8

7.81.914.5

9.9-1.0

-15.8

8.52.1 Franklin USD Investment Grade Corporate Bond UCITS ETF Class

SINGLCLASS

Bloomberg US Corporate Bond Index

(Benchmark performance is provided for information and indicative

purposes only.)

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

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 06/02/2025.

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