Fund Description

The fund seeks long-term capital growth by investing predominantly in the equity securities of companies located anywhere in the world, including developing markets.

Strategy Statement

"For over five decades, Templeton Growth Fund has stayed true to the same disciplined bottom-up, value-oriented investment strategy when searching globally for stocks. "

Management

Norman Boersma, CFA

Norman Boersma, CFA®

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 2011
Peter Moeschter, CFA

Peter Moeschter, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2019
Herbert J Arnett Jr.

Herbert J Arnett Jr.

  • Joined Franklin Templeton in 1996
  • Managed Fund Since 2016
Heather Arnold, CFA

Heather Arnold, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2014
Warren Pustam, CFA

Warren Pustam, CFA®

  • Joined Franklin Templeton in 2013
  • Managed Fund Since 2019
Christopher James Peel, CFA

Christopher James Peel, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2016

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

Rating

Overall Morningstar Rating As of 08/31/2019

Rating Category: World Large Stock

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 [further-information] As of 08/31/2019

Years Ratings Funds
in category
3
1 Stars
727
5
1 Stars
597
10
1 Stars
364

Morningstar Style Box As of03/31/2019

Strategy, Benefits, Results

Strategy

Our strategy is built upon the following Templeton cornerstones, which have been in place for more than 70 years.

  • Search Globally. We believe bargains have no borders when searching for the best investment opportunities.
  • Seek Value. We search worldwide for stocks selling at prices we believe are low relative to their true value.
  • Perform Fundamental, Bottom-Up Research. We conduct in-person visits and perform extensive fundamental research to model a company's potential future earnings, cash flow and asset value relative to its stock price.
  • Practice Patient, Long-Term Investing. We evaluate a company's potential for earnings and growth over a five-year horizon.

Benefits

  • Global Resources. Our global reach includes offices in Edinburgh, Nassau and Singapore, as well as Shanghai, Mumbai, Warsaw and Dubai.
  • Low Average Turnover Ratio. Our long-term investing approach has historically resulted in annual portfolio turnover ratios that have been considerably lower than the average for global funds.
  • True Diversification. Our investment mix changes as opportunities arise around the world.

Selling The Fund

  1. Highlight the fund’s diversification, with a blend of U.S. and foreign stocks that have historically helped reduce risk.

  2. Point out that foreign markets offer a large percentage of the world’s investment opportunities, with some of the most profitable companies headquartered overseas.

  3. Emphasize the fund’s pioneering role in global investing, with a track record dating back to 1954.

  4. Mention Templeton’s value, patience and bottom-up investment philosophy.