Fund Description

The fund seeks capital appreciation by investing predominantly in the equity securities of mid-and large capitalization companies outside the U.S. with long-term growth potential.

Strategy Statement

"Our experienced investment team utilizes a disciplined investment process for managing a fund of what we believe are the most attractive high-quality sustainable growth companies."

Don Huber, CFA®

Management

John Remmert

John Remmert

  • Joined Franklin Templeton in 2002
  • Managed Fund Since 2018
Don Huber, CFA

Don Huber, CFA®

  • Joined Franklin Templeton in 2002
  • Managed Fund Since 2014

INVESTMENT PHILOSOPHY, STRATEGY AND APPROACH

INVESTMENT STRATEGY

Research-Driven Portfolio

  • Concentrated portfolio of approximately 35-40 holdings
  • Benchmark indifferent

Long-Term Investment Horizon

  • Investment horizon of 3 to 5 years
  • Typical holding period of 4+ years

Seek to Manage Risk by Limiting Economic Overlap Among Holdings

  • Select companies whose earning streams are not highly correlated
  • Has typically resulted in a diversified portfolio across MSCI Global Industry Classification Standard (GICS) sectors and industries

Global Opportunity Set

  • Search without borders
  • Average allocation to emerging markets of less than 10%

stock selection discipline

Growth

Free cash flow analysis to assess:

  • Sustainable business model
  • Long-term competitive advantage
  • Value generating reinvestment record

Quality

Framework to assess:

  • Financial transparency and accounting quality
  • Corporate governance including share, board and management structure and compensation metrics
  • Environmental management, social and labor practices

Valuation

Common discount cash flow/divident model to assss

  • Relative attractiveness of company
  • Valuation support under different scenarios

Rating

Overall Morningstar Rating As of 06/30/2019

Rating Category: Foreign Large Growth

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 06/30/2019

Years Ratings Funds
in category
3
4 Stars
396
5
4 Stars
336
10
4 Stars
247

Morningstar Style Box As of05/31/2019

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