Not

FDIC

Insured

May

Lose

Value

No

Bank

Guarantee

TGIT-Q1PH

1

Schedules

of

Investments

(unaudited)

Franklin

Templeton

SMACS:

Series

EM

2

Templeton

Emerging

Markets

Small

Cap

Fund

5

Notes

to

Schedules

of

Investments

9

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited),

November

30,

2024

Franklin

Templeton

SMACS:

Series

EM

Quarterly

Schedule

of

Investments

See

Notes

to

Schedules

of

Investments.

2

a

a

Industry

Shares

a

Value

a

Common

Stocks

97.9%

Brazil

1.3%

a

Hypera

SA

.....................

Pharmaceuticals

1,460

$

4,700

a

Oncoclinicas

do

Brasil

Servicos

Medicos

SA

..........................

Health

Care

Providers

&

Services

6,292

2,248

TOTVS

SA

.....................

Software

1,447

6,565

13,513

Cambodia

0.3%

a

NagaCorp

Ltd.

..................

Hotels,

Restaurants

&

Leisure

8,440

3,343

China

11.0%

Beijing

Oriental

Yuhong

Waterproof

Technology

Co.

Ltd.,

A

...........

Construction

Materials

1,480

2,806

b

Budweiser

Brewing

Co.

APAC

Ltd.,

144A,

Reg

S

..................

Beverages

25,200

24,137

China

Resources

Building

Materials

Technology

Holdings

Ltd.

.........

Construction

Materials

1,387

320

COSCO

SHIPPING

Ports

Ltd.

.......

Transportation

Infrastructure

9,680

5,635

b

Greentown

Service

Group

Co.

Ltd.,

Reg

S

...........................

Real

Estate

Management

&

Development

5,063

2,548

Haier

Smart

Home

Co.

Ltd.,

D

.......

Household

Durables

6,507

12,068

Health

&

Happiness

H&H

International

Holdings

Ltd.

..................

Food

Products

4,306

5,343

a,b

Kuaishou

Technology,

144A,

Reg

S

...

Interactive

Media

&

Services

2,917

18,288

Uni-President

China

Holdings

Ltd.

....

Food

Products

19,729

17,447

Weichai

Power

Co.

Ltd.,

H

.........

Machinery

7,484

10,378

a,b

Wuxi

Biologics

Cayman,

Inc.,

144A,

Reg

S

...........................

Life

Sciences

Tools

&

Services

5,963

11,500

110,470

Hungary

2.2%

Richter

Gedeon

Nyrt.

.............

Pharmaceuticals

819

21,785

India

6.4%

ACC

Ltd.

.......................

Construction

Materials

404

10,657

Bajaj

Holdings

&

Investment

Ltd.

.....

Financial

Services

132

16,376

Federal

Bank

Ltd.

................

Banks

6,232

15,588

a

Zomato

Ltd.

....................

Hotels,

Restaurants

&

Leisure

6,208

20,660

63,281

Indonesia

1.0%

Astra

International

Tbk.

PT

.........

Industrial

Conglomerates

30,783

9,917

Italy

0.4%

a,b

Wizz

Air

Holdings

plc,

144A,

Reg

S

...

Passenger

Airlines

222

3,641

Mexico

0.1%

a,b

Nemak

SAB

de

CV,

144A,

Reg

S

....

Automobile

Components

15,599

1,391

Philippines

1.0%

BDO

Unibank,

Inc.

...............

Banks

3,907

10,307

South

Africa

4.7%

Discovery

Ltd.

...................

Insurance

2,884

31,023

Netcare

Ltd.

....................

Health

Care

Providers

&

Services

19,801

16,266

47,289

South

Korea

34.2%

Doosan

Bobcat,

Inc.

..............

Machinery

601

16,833

Fila

Holdings

Corp.

...............

Textiles,

Apparel

&

Luxury

Goods

327

9,542

Hankook

Tire

&

Technology

Co.

Ltd.

..

Automobile

Components

103

2,792

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Franklin

Templeton

SMACS:

Series

EM

(continued)

See

Notes

to

Schedules

of

Investments.

Quarterly

Schedule

of

Investments

3

a

a

Industry

Shares

a

Value

a

Common

Stocks

(continued)

South

Korea

(continued)

Hyundai

Motor

Co.

...............

Automobiles

112

$

17,653

LG

Corp.

.......................

Industrial

Conglomerates

604

32,559

a

LigaChem

Biosciences,

Inc.

........

Life

Sciences

Tools

&

Services

39

2,687

NAVER

Corp.

...................

Interactive

Media

&

Services

404

60,138

Samsung

Electronics

Co.

Ltd.

.......

Technology

Hardware,

Storage

&

Peripherals

1,962

77,152

Samsung

Life

Insurance

Co.

Ltd.

.....

Insurance

628

48,381

Samsung

SDI

Co.

Ltd.

............

Electronic

Equipment,

Instruments

&

Components

105

19,216

SK

Hynix,

Inc.

...................

Semiconductors

&

Semiconductor

Equipment

398

46,468

Soulbrain

Co.

Ltd.

................

Chemicals

64

8,318

341,739

Taiwan

28.4%

Hon

Hai

Precision

Industry

Co.

Ltd.

...

Electronic

Equipment,

Instruments

&

Components

7,844

47,768

Lite-On

Technology

Corp.

..........

Technology

Hardware,

Storage

&

Peripherals

1,772

5,717

MediaTek,

Inc.

..................

Semiconductors

&

Semiconductor

Equipment

1,270

49,866

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

......................

Semiconductors

&

Semiconductor

Equipment

5,564

173,377

Yageo

Corp.

....................

Electronic

Equipment,

Instruments

&

Components

433

6,915

283,643

Thailand

5.2%

Kasikornbank

PCL

...............

Banks

6,728

29,560

Minor

International

PCL

............

Hotels,

Restaurants

&

Leisure

12,735

9,956

Star

Petroleum

Refining

PCL

........

Oil,

Gas

&

Consumable

Fuels

25,454

5,058

Thai

Beverage

PCL

...............

Beverages

18,151

7,667

52,241

United

Arab

Emirates

1.7%

Emirates

Central

Cooling

Systems

Corp.

Water

Utilities

21,527

10,727

Spinneys

1961

Holding

plc

.........

Consumer

Staples

Distribution

&

Retail

14,094

5,948

16,675

Total

Common

Stocks

(Cost

$950,775)

.........................................

979,235

Short

Term

Investments

6.2%

a

a

Industry

Shares

a

Value

a

a

a

a

a

a

Money

Market

Funds

6.2%

United

States

6.2%

c,d

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.369%

.........

62,050

62,050

Total

Money

Market

Funds

(Cost

$62,050)

......................................

62,050

a

a

a

a

a

Total

Short

Term

Investments

(Cost

$62,050

)

...................................

62,050

a

a

a

Total

Investments

(Cost

$1,012,825)

104.1%

....................................

$1,041,285

Other

Assets,

less

Liabilities

(4.1)%

...........................................

(41,547)

Net

Assets

100.0%

...........................................................

$999,738

a

a

a

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Franklin

Templeton

SMACS:

Series

EM

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedules

of

Investments.

4

See

Abbreviations

on

page

12

.

a

Non-income

producing.

b

Security

was

purchased

pursuant

to

Rule

144A

or

Regulation

S

under

the

Securities

Act

of

1933.

144A

securities

may

be

sold

in

transactions

exempt

from

registration

only

to

qualified

institutional

buyers

or

in

a

public

offering

registered

under

the

Securities

Act

of

1933.

Regulation

S

securities

cannot

be

sold

in

the

United

States

without

either

an

effective

registration

statement

filed

pursuant

to

the

Securities

Act

of

1933,

or

pursuant

to

an

exemption

from

registration.

At

November

30,

2024,

the

aggregate

value

of

these

securities

was

$61,505,

representing

6.2%

of

net

assets.

c

See

Note

3

regarding

investments

in

affiliated

management

investment

companies.

d

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited),

November

30,

2024

Templeton

Emerging

Markets

Small

Cap

Fund

See

Notes

to

Schedules

of

Investments.

Quarterly

Schedule

of

Investments

5

a

a

Industry

Shares

a

Value

a

Common

Stocks

98.9%

Brazil

1.9%

Azzas

2154

SA

..................

Textiles,

Apparel

&

Luxury

Goods

478,522

$

2,871,069

a

Grupo

Mateus

SA

................

Consumer

Staples

Distribution

&

Retail

2,247,901

2,589,076

a

Hypera

SA

.....................

Pharmaceuticals

128,439

413,486

a

Oncoclinicas

do

Brasil

Servicos

Medicos

SA

..........................

Health

Care

Providers

&

Services

1,122,677

401,169

6,274,800

Cambodia

0.2%

a

NagaCorp

Ltd.

..................

Hotels,

Restaurants

&

Leisure

1,588,954

629,419

Chile

0.3%

Aguas

Andinas

SA

,

A

.............

Water

Utilities

3,588,700

1,086,871

China

6.3%

Asia

Cement

China

Holdings

Corp.

...

Construction

Materials

1,364,069

392,740

Chervon

Holdings

Ltd.

.............

Household

Durables

647,586

1,422,832

b,c

China

Education

Group

Holdings

Ltd.

,

Reg

S

.......................

Diversified

Consumer

Services

2,906,803

1,305,370

a,b

Daqo

New

Energy

Corp.

,

ADR

......

Semiconductors

&

Semiconductor

Equipment

150,350

3,011,510

Health

&

Happiness

H&H

International

Holdings

Ltd.

..................

Food

Products

2,202,619

2,733,040

Huaxin

Cement

Co.

Ltd.

,

H

.........

Construction

Materials

1,080,930

1,058,700

c

JNBY

Design

Ltd.

,

Reg

S

..........

Textiles,

Apparel

&

Luxury

Goods

1,428,758

2,698,222

b

Noah

Holdings

Ltd.

,

ADR

..........

Capital

Markets

290,042

3,805,351

Sunresin

New

Materials

Co.

Ltd.

,

A

...

Chemicals

219,193

1,684,211

Uni-President

China

Holdings

Ltd.

....

Food

Products

2,780,189

2,458,573

20,570,549

Georgia

1.0%

a

Georgia

Capital

plc

...............

Capital

Markets

224,199

3,372,033

Greece

0.6%

Piraeus

Financial

Holdings

SA

.......

Banks

553,544

2,035,432

Hong

Kong

1.0%

Luk

Fook

Holdings

International

Ltd.

..

Specialty

Retail

564,051

1,067,272

Pacific

Basin

Shipping

Ltd.

.........

Marine

Transportation

9,317,323

2,223,459

3,290,731

Hungary

2.1%

Richter

Gedeon

Nyrt.

.............

Pharmaceuticals

253,782

6,750,428

India

35.4%

a

Affle

India

Ltd.

...................

Media

243,223

4,677,634

Ajanta

Pharma

Ltd.

...............

Pharmaceuticals

64,567

2,315,994

c

Aster

DM

Healthcare

Ltd.

,

144A

,

Reg

S

Health

Care

Providers

&

Services

998,019

5,917,370

Bajaj

Holdings

&

Investment

Ltd.

.....

Financial

Services

167,563

20,788,520

Brigade

Enterprises

Ltd.

...........

Real

Estate

Management

&

Development

272,006

4,013,410

City

Union

Bank

Ltd.

..............

Banks

2,634,434

5,608,135

Coforge

Ltd.

....................

IT

Services

55,675

5,745,150

Crompton

Greaves

Consumer

Electricals

Ltd.

.................

Household

Durables

311,456

1,513,770

Dalmia

Bharat

Ltd.

...............

Construction

Materials

254,287

5,488,437

a

Electronics

Mart

India

Ltd.

..........

Specialty

Retail

824,168

1,762,477

EPL

Ltd.

.......................

Containers

&

Packaging

779,314

2,370,171

a,c

Eris

Lifesciences

Ltd.

,

144A

,

Reg

S

...

Pharmaceuticals

273,407

4,664,894

Federal

Bank

Ltd.

................

Banks

4,359,485

10,903,932

Gujarat

State

Petronet

Ltd.

.........

Gas

Utilities

273,855

1,151,343

a

Honasa

Consumer

Ltd.

............

Personal

Care

Products

1,231,594

3,858,556

KEI

Industries

Ltd.

................

Electrical

Equipment

12,802

655,860

a

MakeMyTrip

Ltd.

.................

Hotels,

Restaurants

&

Leisure

45,385

5,207,475

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Emerging

Markets

Small

Cap

Fund

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedules

of

Investments.

6

a

a

Industry

Shares

a

Value

a

Common

Stocks

(continued)

India

(continued)

a

Max

Financial

Services

Ltd.

.........

Insurance

442,139

$

5,946,254

a

Ola

Electric

Mobility

Ltd.

...........

Automobiles

795,752

827,819

a

PB

Fintech

Ltd.

..................

Insurance

253,216

5,701,939

Redington

Ltd.

..................

Electronic

Equipment,

Instruments

&

Components

2,213,689

5,184,349

a,b

ReNew

Energy

Global

plc

,

A

........

Independent

Power

and

Renewable

Electricity

Producers

382,468

2,306,282

a

Restaurant

Brands

Asia

Ltd.

........

Hotels,

Restaurants

&

Leisure

1,098,798

1,133,014

Tata

Consumer

Products

Ltd.

.......

Food

Products

118,128

1,343,584

a

Zomato

Ltd.

....................

Hotels,

Restaurants

&

Leisure

2,125,510

7,073,468

116,159,837

Indonesia

1.8%

Avia

Avian

Tbk.

PT

...............

Chemicals

109,085,200

2,891,498

a

GoTo

Gojek

Tokopedia

Tbk.

PT

,

A

....

Broadline

Retail

678,685,677

3,043,141

5,934,639

Italy

1.4%

a,b,c

Wizz

Air

Holdings

plc

,

144A

,

Reg

S

...

Passenger

Airlines

276,254

4,530,642

Kazakhstan

1.2%

c

Halyk

Savings

Bank

of

Kazakhstan

JSC

,

GDR

,

Reg

S

..................

Banks

213,908

3,966,240

Mexico

1.5%

Bolsa

Mexicana

de

Valores

SAB

de

CV

Capital

Markets

2,840,643

4,503,313

Grupo

Aeroportuario

del

Centro

Norte

SAB

de

CV

,

B

.................

Transportation

Infrastructure

51,274

417,722

4,921,035

Peru

1.0%

Intercorp

Financial

Services,

Inc.

.....

Banks

121,117

3,360,997

Philippines

5.5%

a

Bloomberry

Resorts

Corp.

..........

Hotels,

Restaurants

&

Leisure

19,513,000

1,825,725

Century

Pacific

Food,

Inc.

..........

Food

Products

7,174,166

5,138,824

International

Container

Terminal

Services,

Inc.

..................

Transportation

Infrastructure

1,744,101

11,005,669

17,970,218

Saudi

Arabia

2.2%

a

Jahez

International

Co.

............

Hotels,

Restaurants

&

Leisure

414,898

4,025,402

Mouwasat

Medical

Services

Co.

.....

Health

Care

Providers

&

Services

137,726

3,346,062

7,371,464

South

Africa

1.0%

Netcare

Ltd.

....................

Health

Care

Providers

&

Services

4,172,456

3,427,592

South

Korea

6.3%

Fila

Holdings

Corp.

...............

Textiles,

Apparel

&

Luxury

Goods

132,091

3,854,652

a

Hugel,

Inc.

.....................

Biotechnology

28,762

5,392,654

LEENO

Industrial,

Inc.

.............

Semiconductors

&

Semiconductor

Equipment

43,955

4,935,124

a

LigaChem

Biosciences,

Inc.

........

Life

Sciences

Tools

&

Services

3,783

260,686

LX

Semicon

Co.

Ltd.

..............

Semiconductors

&

Semiconductor

Equipment

55,258

2,150,608

Shin

Heung

Energy

&

Electronics

Co.

Ltd.

.........................

Electrical

Equipment

219,215

868,978

Soulbrain

Co.

Ltd.

................

Chemicals

16,365

2,126,965

Vieworks

Co.

Ltd.

................

Health

Care

Equipment

&

Supplies

81,147

1,215,349

20,805,016

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Emerging

Markets

Small

Cap

Fund

(continued)

See

Notes

to

Schedules

of

Investments.

Quarterly

Schedule

of

Investments

7

a

a

Industry

Shares

a

Value

a

Common

Stocks

(continued)

Taiwan

13.5%

Eclat

Textile

Co.

Ltd.

..............

Textiles,

Apparel

&

Luxury

Goods

223,590

$

3,677,095

Kinsus

Interconnect

Technology

Corp.

.

Semiconductors

&

Semiconductor

Equipment

1,124,850

3,309,376

Merida

Industry

Co.

Ltd.

...........

Leisure

Products

715,459

3,545,282

momo.com,

Inc.

.................

Broadline

Retail

307,429

3,452,357

Novatek

Microelectronics

Corp.

......

Semiconductors

&

Semiconductor

Equipment

619,667

9,295,981

Poya

International

Co.

Ltd.

.........

Broadline

Retail

417,548

6,167,358

Primax

Electronics

Ltd.

............

Electronic

Equipment,

Instruments

&

Components

1,190,975

2,905,533

Shin

Zu

Shing

Co.

Ltd.

............

Machinery

49,336

296,033

Synnex

Technology

International

Corp.

Electronic

Equipment,

Instruments

&

Components

3,785,674

8,856,918

Visual

Photonics

Epitaxy

Co.

Ltd.

....

Semiconductors

&

Semiconductor

Equipment

506,595

2,672,348

44,178,281

Thailand

2.6%

Dynasty

Ceramic

PCL

.............

Building

Products

14,555,086

793,586

Major

Cineplex

Group

PCL

.........

Entertainment

6,519,860

2,756,410

Tisco

Financial

Group

PCL

.........

Banks

1,718,326

4,834,710

8,384,706

United

Arab

Emirates

2.8%

Americana

Restaurants

International

plc

Hotels,

Restaurants

&

Leisure

760,317

455,800

Burjeel

Holdings

plc

..............

Health

Care

Providers

&

Services

3,492,969

1,998,873

Emirates

Central

Cooling

Systems

Corp.

Water

Utilities

4,391,578

2,188,449

Spinneys

1961

Holding

plc

.........

Consumer

Staples

Distribution

&

Retail

5,221,557

2,203,458

Taaleem

Holdings

PJSC

...........

Diversified

Consumer

Services

2,133,071

2,293,906

9,140,486

Vietnam

9.3%

Asia

Commercial

Bank

JSC

........

Banks

3,327,225

3,311,505

FPT

Corp.

......................

IT

Services

2,872,600

16,384,210

Military

Commercial

Joint

Stock

Bank

.

Banks

3,317,700

3,166,940

Mobile

World

Investment

Corp.

......

Specialty

Retail

3,248,849

7,772,755

30,635,410

Total

Common

Stocks

(Cost

$

252,054,307

)

.....................................

324,796,826

a

Preferred

Stocks

2.1%

Brazil

0.9%

d

Bradespar

SA

,

6.42

%

.............

Metals

&

Mining

978,972

2,995,425

Chile

1.2%

d

Embotelladora

Andina

SA

,

A

,

7.31

%

..

Beverages

450,972

1,000,051

d

Embotelladora

Andina

SA

,

B

,

6.08

%

..

Beverages

963,231

2,826,256

3,826,307

Total

Preferred

Stocks

(Cost

$

8,973,465

)

.......................................

6,821,732

Rights

a

a

Rights

0.0%

†

Brazil

0.0%

†

a

Grupo

Mateus

SA

,

12/11/24

........

Consumer

Staples

Distribution

&

Retail

50,136

833

Total

Rights

(Cost

$

–

)

........................................................

833

Total

Long

Term

Investments

(Cost

$

261,027,772

)

...............................

331,619,391

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Emerging

Markets

Small

Cap

Fund

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedules

of

Investments.

8

See

Abbreviations

on

page

12

.

Short

Term

Investments

1.1%

a

a

Industry

Shares

a

Value

a

a

a

a

a

a

Money

Market

Funds

1.1%

United

States

1.1%

e,f

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio

,

4.369

%

.........

3,586,474

$

3,586,474

Total

Money

Market

Funds

(Cost

$

3,586,474

)

...................................

3,586,474

a

a

a

a

a

Total

Short

Term

Investments

(Cost

$

3,586,474

)

.................................

3,586,474

a

a

a

Total

Investments

(Cost

$

264,614,246

)

102.1

%

..................................

$335,205,865

Other

Assets,

less

Liabilities

(

2.1

)

%

...........................................

(6,880,619)

Net

Assets

100.0%

...........................................................

$328,325,246

a

a

a

†

Rounds

to

less

than

0.1%

of

net

assets.

a

Non-income

producing.

b

A

portion

or

all

of

the

security

is

on

loan

at

November

30,

2024.

c

Security

was

purchased

pursuant

to

Rule

144A

or

Regulation

S

under

the

Securities

Act

of

1933.

144A

securities

may

be

sold

in

transactions

exempt

from

registration

only

to

qualified

institutional

buyers

or

in

a

public

offering

registered

under

the

Securities

Act

of

1933.

Regulation

S

securities

cannot

be

sold

in

the

United

States

without

either

an

effective

registration

statement

filed

pursuant

to

the

Securities

Act

of

1933,

or

pursuant

to

an

exemption

from

registration.

At

November

30,

2024,

the

aggregate

value

of

these

securities

was

$23,082,738,

representing

7.0%

of

net

assets.

d

Variable

rate

security.

The

rate

shown

represents

the

yield

at

period

end.

e

See

Note

3

regarding

investments

in

affiliated

management

investment

companies.

f

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

Templeton

Global

Investment

Trust

9

Quarterly

Schedules

of

Investments

Notes

to

Schedules

of

Investments

(unaudited)

1.

Organization

Templeton

Global

Investment

Trust (Trust)

is

registered

under

the

Investment

Company

Act

of

1940

(1940

Act)

as

an

open-end

management

investment

company,

consisting

of three

separate

funds, two

of

which

are

included

in

this

report

(Funds).

The

Funds follow

the

accounting

and

reporting

guidance

in

Financial

Accounting

Standards

Board

(FASB)

Accounting

Standards

Codification

Topic

946,

Financial

Services

–

Investment

Companies

(ASC

946)

and apply

the

specialized

accounting

and

reporting

guidance

in

U.S.

Generally

Accepted

Accounting

Principles

(U.S.

GAAP),

including,

but

not

limited

to,

ASC

946.

2. Financial

Instrument

Valuation

The

Funds’

investments

in

financial

instruments

are

carried

at

fair

value

daily.

Fair

value

is

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

on

the

measurement

date.

The

Funds

calculate

the

net

asset

value

(NAV)

per

share

each

business

day

as

of

4

p.m.

Eastern

time

or

the

regularly

scheduled

close

of

the

New

York

Stock

Exchange

(NYSE),

whichever

is

earlier.

Under

compliance

policies

and

procedures

approved

by

the

Trust’s

Board

of

Trustees

(the

Board),

the

Board

has

designated

the

Funds'

investment

manager

as

the

valuation

designee

and

has

responsibility

for

oversight

of

valuation.

The

investment

manager

is

assisted

by

the

Funds'

administrator

in

performing

this

responsibility,

including

leading

the

cross-functional

Valuation

Committee

(VC).

The

Funds

may

utilize

independent

pricing

services,

quotations

from

securities

and

financial

instrument

dealers,

and

other

market

sources

to

determine

fair

value. 

Equity

securities

listed

on

an

exchange

or

on

the

NASDAQ

National

Market

System

are

valued

at

the

last

quoted

sale

price

or

the

official

closing

price

of

the

day,

respectively.

Foreign

equity

securities

are

valued

as

of

the

close

of

trading

on

the

foreign

stock

exchange

on

which

the

security

is

primarily

traded

or

as

of

4

p.m.

Eastern

time.

The

value

is

then

converted

into

its

U.S.

dollar

equivalent

at

the

foreign

exchange

rate

in

effect

at

4

p.m. Eastern

time

on

the

day

that

the

value

of

the

security

is

determined.

Over-the-counter

(OTC)

securities

are

valued

within

the

range

of

the

most

recent

quoted

bid

and

ask

prices.

Securities

that

trade

in

multiple

markets

or

on

multiple

exchanges

are

valued

according

to

the

broadest

and

most

representative

market.

Certain

equity

securities

are

valued

based

upon

fundamental

characteristics

or

relationships

to

similar

securities.

Investments

in

open-end

mutual

funds

are

valued

at

the

closing

NAV.

The

Funds

have procedures

to

determine

the

fair

value

of

financial

instruments

for

which

market

prices

are

not

reliable

or

readily

available.

Under

these

procedures,

the

Funds

primarily employ

a

market-based

approach

which

may

use

related

or

comparable

assets

or

liabilities,

recent

transactions,

market

multiples,

and

other

relevant

information

for

the

investment

to

determine

the

fair

value

of

the

investment.

An

income-based

valuation

approach

may

also

be

used

in

which

the

anticipated

future

cash

flows

of

the

investment

are

discounted

to

calculate

fair

value.

Discounts

may

also

be

applied

due

to

the

nature

or

duration

of

any

restrictions

on

the

disposition

of

the

investments.

Due

to

the

inherent

uncertainty

of

valuations

of

such

investments,

the

fair

values

may

differ

significantly

from

the

values

that

would

have

been

used

had

an

active

market

existed. 

Trading

in

securities

on

foreign

securities

stock

exchanges

and

OTC

markets

may

be

completed

before

4

p.m.

Eastern

time.

In

addition,

trading

in

certain

foreign

markets

may

not

take

place

on

every

Funds’ business

day.

Events

can

occur

between

the

time

at

which

trading

in

a

foreign

security

is

completed

and

4

p.m.

Eastern

time

that

might

call

into

question

the

reliability

of

the

value

of

a

portfolio

security

held

by

the

Fund.

As

a

result,

differences

may

arise

between

the

value

of

the

Funds’

portfolio

securities

as

determined

at

the

foreign

market

close

and

the

latest

indications

of

value

at

4

p.m.

Eastern

time.

In

order

to

minimize

the

potential

for

these

differences,

an

independent

pricing

service

may

be

used

to

adjust

the

value

of

the

Funds'

portfolio

securities

to

the

latest

indications

of

fair

value

at 4

p.m.

Eastern

time.

At

November

30,

2024,

certain

securities

may

have

been

fair

valued

using

these

procedures,

in

which

case

the

securities

were

categorized

as

Level

2

within

the

fair

value

hierarchy

(referred

to

as

"market

level

fair

value").

See

the

Fair

Value

Measurements

note

for

more

information.

Templeton

Global

Investment

Trust

Notes

to

Schedules

of

Investments

(unaudited)

10

Quarterly

Schedules

of

Investments

When

the

last

day

of

the

reporting

period

is

a

non-business

day,

certain

foreign

markets

may

be

open

on

those

days

that

the

Funds’

NAV

is

not

calculated,

which

could

result

in

differences

between

the

value

of

the

Funds’

portfolio securities

on

the

last

business

day

and

the

last

calendar

day

of

the

reporting

period.

Any

security

valuation

changes

due

to

an

open

foreign

market

are

adjusted

and

reflected

by

the

Funds for

financial

reporting

purposes.

3.

Investments

in

Affiliated

Management

Investment

Companies

Certain

or

all

Funds

invest

in

one

or

more

affiliated

management

investment

companies.

As

defined

in

the

1940

Act,

an

investment

is

deemed

to

be

a

“Controlled

Affiliate”

of

a

fund

when

a

fund

owns,

either

directly

or

indirectly,

25%

or

more

of

the

affiliated

fund’s

outstanding

shares

or

has

the

power

to

exercise

control

over

management

or

policies

of

such

fund.

The

Funds

do

not

invest

for

purposes

of

exercising

a

controlling

influence

over

the

management

or

policies.

During

the

period

ended

November

30,

2024,

investments

in

affiliated

management

investment

companies

were

as

follows: 

4. Fair

Value

Measurements

The

Funds

follow

a

fair

value

hierarchy

that

distinguishes

between

market

data

obtained

from

independent

sources

(observable

inputs)

and

the

Funds'

own

market

assumptions

(unobservable

inputs).

These

inputs

are

used

in

determining

the

value

of

the

Funds’

financial

instruments

and

are

summarized

in

the

following

fair

value

hierarchy:

Level

1

–

quoted

prices

in

active

markets

for

identical

financial

instruments

Level

2

–

other

significant

observable

inputs

(including

quoted

prices

for

similar

financial

instruments,

interest

rates,

prepayment

speed,

credit

risk,

etc.)

    aa

Value

at

Beginning

of

Period

Purchases

Sales

Realized

Gain

(Loss)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

End

of

Period

Number

of

Shares

Held

at

End

of

Period

Investment

Income

a      

a  

a  

a  

a  

a  

a  

a  

Franklin

Templeton

SMACS:

Series

EM

Non-Controlled

Affiliates

Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.369%

$175

$108,389

$(46,514)

$—

$—

$62,050

62,050

$481

Total

Affiliated

Securities

...

$175

$108,389

$(46,514)

$—

$—

$62,050

$481

Templeton

Emerging

Markets

Small

Cap

Fund

Non-Controlled

Affiliates

Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.369%

$5,120,684

$16,766,906

$(18,301,116)

$—

$—

$3,586,474

3,586,474

$56,700

Non-Controlled

Affiliates

Income

from

securities

loaned

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.369%

$134,633

$2,944,923

$(3,079,556)

$—

$—

$—

—

$1,420

Total

Affiliated

Securities

...

$5,255,317

$19,711,829

$(21,380,672)

$—

$—

$3,586,474

$58,120

2. Financial

Instrument

Valuation

(continued)

Templeton

Global

Investment

Trust

Notes

to

Schedules

of

Investments

(unaudited)

11

Quarterly

Schedules

of

Investments

Level

3

–

significant

unobservable

inputs

(including

the

Funds'

own

assumptions

in

determining

the

fair

value

of

financial

instruments)

The

input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

financial

instruments

at

that

level. 

A

summary

of

inputs

used

as

of

November

30,

2024,

in

valuing

the

Funds’

assets

carried

at

fair

value,

is

as

follows:  

Level

1

Level

2

Level

3

Total

Franklin

Templeton

SMACS:

Series

EM

Assets:

Investments

in

Securities:

Common

Stocks

:

Brazil

................................

$

13,513

$

—

$

—

$

13,513

Cambodia

............................

—

3,343

—

3,343

China

...............................

29,515

80,955

—

110,470

Hungary

.............................

—

21,785

—

21,785

India

................................

—

63,281

—

63,281

Indonesia

............................

—

9,917

—

9,917

Italy

.................................

—

3,641

—

3,641

Mexico

..............................

1,391

—

—

1,391

Philippines

............................

—

10,307

—

10,307

South

Africa

...........................

16,266

31,023

—

47,289

South

Korea

..........................

—

341,739

—

341,739

Taiwan

...............................

—

283,643

—

283,643

Thailand

.............................

—

52,241

—

52,241

United

Arab

Emirates

....................

5,948

10,727

—

16,675

Short

Term

Investments

...................

62,050

—

—

62,050

Total

Investments

in

Securities

...........

$128,683

$912,602

a

$—

$1,041,285

Templeton

Emerging

Markets

Small

Cap

Fund

Assets:

Investments

in

Securities:

Common

Stocks

:

Brazil

................................

6,274,800

—

—

6,274,800

Cambodia

............................

—

629,419

—

629,419

Chile

................................

1,086,871

—

—

1,086,871

China

...............................

10,726,874

9,843,675

—

20,570,549

Georgia

..............................

3,372,033

—

—

3,372,033

Greece

..............................

—

2,035,432

—

2,035,432

Hong

Kong

...........................

—

3,290,731

—

3,290,731

Hungary

.............................

—

6,750,428

—

6,750,428

India

................................

7,513,757

108,646,080

—

116,159,837

Indonesia

............................

2,891,498

3,043,141

—

5,934,639

Italy

.................................

—

4,530,642

—

4,530,642

Kazakhstan

...........................

—

3,966,240

—

3,966,240

Mexico

..............................

4,921,035

—

—

4,921,035

Peru

................................

3,360,997

—

—

3,360,997

Philippines

............................

16,144,493

1,825,725

—

17,970,218

Saudi

Arabia

..........................

4,025,402

3,346,062

—

7,371,464

South

Africa

...........................

3,427,592

—

—

3,427,592

South

Korea

..........................

—

20,805,016

—

20,805,016

Taiwan

...............................

—

44,178,281

—

44,178,281

Thailand

.............................

8,384,706

—

—

8,384,706

United

Arab

Emirates

....................

4,497,364

4,643,122

—

9,140,486

Vietnam

..............................

—

30,635,410

—

30,635,410

4. Fair

Value

Measurements

(continued)

Templeton

Global

Investment

Trust

Notes

to

Schedules

of

Investments

(unaudited)

12

Quarterly

Schedules

of

Investments

Abbreviations

Level

1

Level

2

Level

3

Total

Templeton

Emerging

Markets

Small

Cap

Fund

(continued)

Assets:

(continued)

Investments

in

Securities:

(continued)

Preferred

Stocks

........................

$

6,821,732

$

—

$

—

$

6,821,732

Rights

................................

833

—

—

833

Short

Term

Investments

...................

3,586,474

—

—

3,586,474

Total

Investments

in

Securities

...........

$87,036,461

$248,169,404

b

$—

$335,205,865

a

Includes

foreign

securities

valued

at

$912,602,

which

were

categorized

as

Level

2

as

a

result

of

the

application

of

market

level

fair

value

procedures.

See

the

Financial

Instrument

Valuation

note

for

more

information.

b

Includes

foreign

securities

valued

at

$248,169,404,

which

were

categorized

as

Level

2

as

a

result

of

the

application

of

market

level

fair

value

procedures.

See

the

Financial

Instrument

Valuation

note

for

more

information.

Selected

Portfolio

ADR

American

Depositary

Receipt

GDR

Global

Depositary

Receipt

PJSC

Public

Joint

Stock

Company

4. Fair

Value

Measurements

(continued)

For

additional

information

on

the

Funds'

significant

accounting

policies,

please

refer

to

the Funds'

most

recent

semiannual

or

annual

shareholder

report.