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 09/30/2020

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 09/30/2020

Years Ratings Funds
in category
3
4 Stars
420
5
4 Stars
336
10
4 Stars
243

Morningstar Style Box As of08/31/2020

Strategy, Benefits, Results

Strategy

  • We are long-term, bottom-up investors looking to buy companies with strong business models and sustainable future growth potential.
  • We look anywhere in the world for potential investment opportunities, seeking mid- and large-cap companies capable of the most growth.
  • Our investment team strives to understand each company's business model, profitability and future growth prospects.

Benefits

  • International Expertise. Our experienced investment team has extensive international investment experience.
  • Global Diversification. Foreign investments may provide additional portfolio diversification as international markets often move out of step with the U.S. market.
  • International Opportunity. Many of the world's most prominent corporations are headquartered overseas, and investors who add international holdings to their portfolios can take advantage of a broader array of opportunity.
  • Multinational Company Exposure. We invest in mid- and large-cap international companies that have a presence in multiple countries and regions around the world, making these companies less likely to be as affected by adverse economic or political situations in any given country.