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Templeton China World Fund  – 
China A : Newspaper symbol TCWAX : NASDAQ symbol International : Fund Category
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Morningstar RatingTM (as of 07/31/2010) Rating Category Number of Funds in Category
Overall 3 Years 5 Years 10 Years 3 Years 5 Years 10 Years
4 4 4 Pacific/Asia ex-Japan Stk 114 80 61

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Portfolio1 : View Details
Fund Description2

Templeton China World Fund seeks long-term capital growth by investing at least 80% of its net assets in equity securities of "China companies." For purposes of the fund's investments, China companies are those that are organized under the laws of, or with a principal office in, the People's Republic of China (China), Hong Kong or Taiwan; or for which the principal trading market is in China, Hong Kong or Taiwan; or that derive at least 50% of their revenues from goods or services sold or produced, or have at least 50% of their assets, in China.

View Portfolio Holdings
Morningstar Style Box™
as of 02/28/2010
 
Net Assets (millions) 464.20
Class A as of July 31, 2010
Portfolio Managers
Mark Mobius, Ph.D.
Joined Franklin Templeton in 1987
Managed Fund since 1993
Eddie Chow, CFA®
Joined Franklin Templeton in 1994
Managed Fund since 2002
Asset Mix
as of July 31, 2010
(updated monthly)
Performance4 : View Details
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
Expense Ratio and Sales Charge Information

Expense Ratio: 2.05%
Max. Initial Sales Charge: 5.75%
CDSC: 0.00%

Hypothetical $10,000 Investment4 as of 06/30/2010
$10,000 invested in the fund at inception, with all dividend and capital gain distributions reinvested, including sales charges, would be worth:
$38,464.00
Distributions : View Details  
Distribution amounts may be estimates.  
Dividend Frequency  
Annually  
Most Recent Fund Distributions
Distribution Amount
Income distribution per share $0.421100
Distribution Schedule
Record date 12/17/09
Ex-Dividend date 12/18/09
Payable date 12/22/09
Reinvestment date 12/18/09
Fund Facts  
Inception date5 09/08/93
Fund number 188
CUSIP number 880 18X 201
Minimum initial investment $1,000
Max. initial sales charge 5.75%
CDSC 0.00%
Expense ratio
as of January 01, 2010 (updated annually)		 2.05%
12b - 1 fees6 0.28%
Beta7
as of June 30, 2010 (updated quarterly)		 0.98
Fund Prices : Historical Prices as of 09/08/2010
Daily prices are the most current available.
NAV8 (Net Asset Value)
$35.04
NAV change (+/-) -$0.29
POP9 (Public Offering Price)
$37.18
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Important Legal Information

Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total Returns With Sales Charge: returns reflect the deduction of the stated sales charges. Total returns, distribution rate, and yields reflect any applicable expense reductions, without which the results for those impacted funds would have been lower.

For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

The government's participation in the economy is still high and, therefore, Templeton China World Fund's investments in China will be subject to larger regulatory risk levels compared to many other countries. In addition, special risks are associated with international investing, including currency fluctuations, economic instability and political developments. Investments in emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. Also, as a non-diversified fund investing in China companies, the fund may invest in a relatively small number of issuers and, as a result, be subject to a greater risk of loss with respect to its portfolio securities. The fund may also experience greater volatility than a fund that is more broadly diversified geographically. It is designed for the aggressive portion of a well-diversified portfolio. These and other risk considerations are discussed in the fund's prospectus.

Footnotes

  1. Portfolio holdings are subject to change.
  2. All of the funds are subject to certain risks. Generally, investments offering potential for higher returns are accompanied by a higher degree of risk. Stocks and other equities representing an ownership interest in a corporation have historically outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term. Bond prices are affected by interest rate changes. Bond prices, and thus a bond fund's share price, generally move in the opposite direction of interest rates. As the price of bonds in a fund adjust to a rise in interest rates, the fund's share price may decline. High-yield, lower-rated (junk) bonds generally have greater price swings and higher default risks. Foreign investing, especially in emerging markets, has additional risks such as currency and market volatility and political and social instability. These and other risks pertaining to specific funds, such as those involving investments in specialized industry sectors, such as the technology sector, which has been among the most volatile sectors in the market, or use of complex securities, are discussed in each fund's prospectus.
  3. After-tax average annual total returns represent the average change in value of an investment on an annualized basis. Returns are calculated using the highest individual federal income tax rates; state and local taxes are not considered. Your actual after-tax returns depend on your particular tax situation and may differ from those shown. The before shares sold calculation assumes taxes are paid on fund distributions (dividends and capital gains) but does not reflect taxes that may be incurred upon sale or exchange of shares. The after shares sold calculation also adjusts for taxes due if the fund investment is sold at the end of the measurement period.
  4. On 8/3/03, the fund converted from a closed-end fund to an open-end fund. Returns shown are a restatement of the closed-end fund's performance to include both the Rule 12b-1 fees and the current sales charges (unless so noted) applicable to each share class as though in effect from the fund's inception.
  5. For performance reporting purposes, the inception date for Classes A, R, Z and Advisor Class shares of all Franklin Templeton Funds is the date of effectiveness of the fund's registration statement or the first day the fund commenced operations. For Classes B and C shares, except as subsequently noted, the inception date is the first day the fund commenced offering such shares. Franklin Income Fund Class B uses the inception date of the old Class B shares, renamed Class B1. For Mutual Series Funds and Franklin International Small Cap Growth and Franklin Large Cap Equity Funds, the inception date for Classes A, B, C and R shares is the funds' oldest class', Z or Advisor, inception date.
  6. Represents the maximum amount of Rule 12b-1 distribution and service fees the Fund may pay.
  7. A measure of the fund's volatility relative to the market, as represented by the MSCI Golden Dragon (Net Dividends) Index. A beta greater than 1.00 indicates volatility greater than the market. Based on the 3-years ended as of the date of the calculation.
  8. The amount per share you would receive if you sold shares that day.
  9. Purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.

For U.S. residents only.