Templeton Growth Fund, Inc.

This fund or share class has been liquidated or reorganized.

This fund or share class has been liquidated or reorganized.

INVESTMENT PHILOSOPHY, STRATEGY AND APPROACH

Investment Philosophy

Templeton utilizes a disciplined, consistent approach based on three timeless principles of investing:

ValuePatienceBottom-up stock picking
Our flexible approach is applied within a disciplined framework and seeks to identify companies trading at large discounts to their business value. Our long-term focus gives us a framework to take advantage of price volatility to reveal potential long-term investment opportunities. Patience allows for potential long-term value recognition. Our portfolio management process seeks to buy pessimism and sell optimism. We build portfolios spanning regions and sectors made up of securities identified through this process.

Investment Process