Beginning on 10/19/18, Class C shares held for 10 years or more will automatically convert to Class A shares. Thereafter, Class C shares held for 10 years or more will automatically convert to Class A shares on a monthly basis. This conversion allows shareholders to take advantage of the lower expenses offered by Class A shares. Please see the prospectus supplement for more information. If you have any questions, please contact your financial advisor or call Franklin Templeton.
Effective 9/10/18, certain sales charges and commissions paid to dealers on Class A and A1 shares of our mutual funds changed. Please see the prospectus supplement for more information. If you have additional questions, please contact your financial advisor or call Franklin Templeton.
The fund seeks long-term capital growth by investing at least 80% of its net assets in foreign securities, that are predominantly equity securities of companies located outside of the U.S., including developing markets.
Templeton utilizes a disciplined, consistent approach based on three timeless principles of investing:
Value
Our flexible approach is applied within a disciplined framework and seeks to identify companies trading at large discounts to their business value.
Patience
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.
Bottom-Up
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
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Our strategy is built upon the following Templeton cornerstones, which have been in place for more than 70 years.
Highlight how the fund uses a five-year time horizon when searching for true bargains.
Point out the fund’s long-term approach to investing.
Emphasize the fund’s international search for value.
Mention Templeton’s value, patience and bottom-up investment philosophy.