Fund Description

The fund seeks capital appreciation by investing predominantly in equity securities of companies that the investment manager believes offer compelling growth opportunities. The investment manager considers many factors in the selection criteria, including historical and potential growth in revenues and earnings, assessment of strength and quality of management, and determination of a company’s strategic positioning in its industry.

Strategy Statement

"Market participants often underestimate the pace and duration of growth. We aim to add value with differentiated, long-term views and a focused portfolio of securities."

Management

Matthew Moberg

Matthew Moberg

  • Joined Franklin Templeton in 1998
  • Managed Fund Since 2016

INVESTMENT PHILOSOPHY, STRATEGY AND APPROACH

Investment Philosophy

Within a collaborative environment, our team utilizes fundamental, bottom-up research to focus on companies whose valuations do not fully reflect their long-term growth potential relative to business and financial risks. Key factors are Quality, Market Share and Competitive Positioning, and Evolution of Innovation.

Our analysis includes an assessment of any material environmental, social and governance ("ESG") factors on the long-term risk and return profile of a company.

QualityMarket Share and CompetitiveEvolution of Innovation
  • Seek companies within substantial, growing markets
  • Emphasize responsible stewardship of capital deployment in support of future growth
  • Identify companies with growing market share
  • Seek companies with clear competitive advantages
  • Strong management teams fostering a culture of innovation to attain and sustain market leadership

Rating

Overall Morningstar Rating [further-information] As of 08/31/2020

Rating Category: 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 [further-information] As of 08/31/2020

Years Ratings Funds
in category
3
5 Stars
1228
5
Stars
10
Stars

Morningstar Style Box As of07/31/2020

Strategy, Benefits, Results

Strategy

We use bottom-up research to identify companies with compelling and sustainable growth trajectories whose current valuations don't reflect our views of their long-term prospects. Our process emphasizes factors such as quality, market share, competitive positioning, and the evolution of innovation. The end result is a growth-focused portfolio of 25-50 securities.

Benefits

- Seasoned portfolio manager supported by deep team of fundamental research analysts
- Concentrated yet diversified exposure to high-conviction growth equity investments
- Strategy aligns with the long-time horizon of many investors