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 Sustainable Euro Green Sovereign UCITS ETF Class SINGLECLASS • ISIN IE000P0R7WK6 • A sub-fund of Franklin Templeton ICAV The management company is Franklin Templeton International Services S.à r.l.

Objectives and Investment Policy Franklin Sustainable Euro Green Sovereign UCITS ETF (the “Fund”)

The Fund is actively managed and may deviate materially from that of the investment objective is to pursue a sustainable investment objective, by

benchmark(s). providing exposure primarily to the European sovereign green bond

Buying and selling shares market, whilst maximising total returns.You may buy or sell shares daily through a broker on the stock exchange Investment Policy

where the shares are traded. Authorised participants, such as selected The Fund invests at least 90% of its Net Asset Value in sustainablefinancial institutions, may buy or sell shares directly with the fund, on any investments. Such investments will primarily consist of bonds which have

day the London Stock Exchange is open for business (provided that on been issued by SSA (sovereigns, subsovereigns,supranationals and

such day the markets on which substantially all of the Fund’s investments agencies) entities. The proceeds of such investments will typicallyare traded are open). contribute to an environmental objective of reducing and eliminating carbonIntended retail investor emissions, by engaging in activities such as, but not limited to, generation or use of renewable energy, efficient use of energy, reduction of GHG

Investors who understand the risks of the Fund and plan to invest for at emissions, carbon efficient modes of transportation.

least 3 to 5 years. The Fund may appeal to investors who: Under normal market conditions, the Fund invests a minimum of 75% of

• are looking for a combination of income and investment growth, through assets in green bonds (bonds whose proceeds finance environmental

an investment that pursues a sustainable investment objective projects) denominated in, or hedged to, EUR. Such bonds can be of any

• are interested in exposure to developed green bond markets as part of a duration and have both fixed or floating rates and can be issued by both

diversified portfolio governmental issuers (which include sub-sovereigns, supranationals and government agencies.

• have a medium profile and can tolerate moderate short-term changes inthe share price To a lesser extent, the Fund may invest in other types of sustainable bonds, such as social bonds.

Product availability The Fund is available to all investors with at leastbasic investment knowledge, through a wide range of distribution channels, Derivatives and techniques The Fund may use derivatives for hedging,

with or without the need for advice. efficient portfolio management and investment purposes.Terms to Understand Strategy In a bottom-up process, the investment manager uses

bonds, below investment grade: Bonds represent an obligation to repay macroeconomic, interest rate and credit analysis to identify securities that

a debt, along with interest. Below investment grade bonds generally pay appear to offer the best return for their risk level.

higher interest rates but are considered less likely to make all scheduled Sustainable investing The Fund employs a proprietary ESG ratingpayments or repay the initial debt. methodology with the aim of avoiding investment in issuers that are laggingderivatives: Financial instruments whose value is linked to one or more in the transition to support a low-carbon economy. The ESG rating

rates, indexes, share prices or other values. methodology is applied to at least 90% of the Sub-Fund's portfolio and is binding for the portfolio construction.efficient portfolio management: A strategy aimed at reducing risk,lowering costs or generating additional capital or income for the Fund SFDR category Article 9 (sustainable investment objective under EU through the use of derivatives. These strategies must align with the Funds regulations).

risk profile. For more information see www.franklintempleton.ie/35080Share Class Currency: EUR Base currency Euro (EUR).

Treatment of Income: For accumulation shares, income from investments Benchmark(s) Bloomberg Global Government EUR Green Bond Index. is reinvested in the Fund and reflected in the price of shares. Used for performance comparison only.

Risk and Reward Profileprice movements, generally due to interest rates or movements in the bondmarket. As a result, the performance of the Fund can fluctuate over time.1

23 4

5

6

7

Risks materially relevant not adequately captured by the indicator:Securitisation risk: investment in securities which generate return fromvarious underlying groups of assets such as mortgages, loans or other Lower risk Higher risk assets may bear a greater risk of loss due to possible default of some of Potentially lower rewards

Potentially higher rewards

the underlying assets.Liquidity risk: the risk that arises when adverse market conditions affectthe ability to sell assets when necessary. Such risk may be triggered by What does this indicator mean and what are its limits? (but not limited to) unexpected events such as environmental disasters orpandemics. Reduced liquidity may have a negative impact on the price of This indicator is designed to provide you with a measure of the price

the assets. movement of this share class based on historical behavior. Counterparty risk: the risk of failure of financial institutions or agents(when serving as a counterparty to financial contracts) to perform their Historical data may not be a reliable indication of the future risk profile of obligations, whether due to insolvency, bankruptcy or other causes. the Fund. The category shown is not guaranteed to remain unchanged and Sustainability risk: The fund's integration of sustainability risks in the may shift over time.

investment decision process may have the effect of excluding profitableinvestments from the investment universe of the fund and may also cause The lowest category does not mean risk free.

the fund to sell investments that will continue to perform well. Asustainability risk could materialise due to an environmental, social or Why is the Fund in this specific category? governance event or condition which may impact the fund's investments The Fund invests mainly in debt securities issued by any government or and negatively affect the returns of the fund. corporation worldwide. Such securities have historically been subject to

For a full discussion of all the risks applicable to this Fund, please refer tothe “Risk Considerations” section of the current prospectus of FranklinTempleton ICAV.

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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 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 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, the ongoingcharges include a fee waiver which expires on 31 October 2025. Charges taken from the Fund over a year Ongoing charges0.18%

For detailed information about charges, please refer to the “Fees andExpenses” section of the current prospectus of Franklin Templeton ICAV Charges taken from the Fund under certain specific conditions

and the Fund supplement. Performance fee

Not applicable• Past Performance• The Fund was launched in 2023 and the present share class on

31/10/2023.1.2

1.0

0.8

0.6

0.4

0.2

0.0

2020 2021

2022

2023 2024

0.7

1.1Franklin Sustainable Euro Green Sovereign UCITS ETF Class

SINGLECLASS

Bloomberg Global Government EUR Green Bond Index

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 28/04/2025.

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