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Managed Fund Since 2017
Equity
TEFRX Templeton Foreign Fund
- Diversification. By investing primarily in international securities, Templeton Foreign Fund can offer diversification to complement the U.S. portion of your portfolio.
- Reduced Volatility. Templeton Foreign Fund has historically experienced less volatility than its benchmark, the MSCI All Country World ex-U.S. Index.
- Low Average Turnover Ratio. Our long-term investing approach has historically resulted in a lower than average portfolio turnover ratio.
Popular Documents
Overview
Fund Facts
Fund description
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.
- Benchmark
3 - MSCI All Country World ex US Index-NR
- Fund Inception Date
- 10/05/1982
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 42%
Identifiers
- Ticker
- TEFRX
- Fund Number
- 804
- CUSIP Code
- 880196803
Average Annual Total Returns As of 09/30/2025
Class R
- 10.20%1 Year
- 21.04%3 Years
- 11.56%5 Years
- 6.06%10 Years
- 8.84%Since Inception
10/05/1982
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 09/30/2025 % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 01/02/2002
- Investment Style
- Value
- Lipper Classification
- International Multi-Cap Value
- Morningstar Category
- Foreign Large Value
Manager and Commentary
About the Team
Templeton Global Investments
Templeton Global Investments combines extensive local presence and expertise with a flexible investment approach to give clients access to a broad set of global growth opportunities.
Commentary Highlights
June 30, 2025- Markets: The MSCI All Country World Index of stocks generated positive returns in US-dollar terms for the quarter. Emerging market equities outperformed developed market equities, while global growth stocks outperformed global value stocks.
- Detractors: Stock selection in the industrials, energy and materials sectors, as well as an overweight in energy, detracted from performance relative to the MSCI All Country World ex-US Index-NR for the second quarter of 2025.
- Contributors: Stock selection in the consumer discretionary and information technology sectors and an underweight in the consumer staples sector contributed to relative performance.
- Outlook: Our approach prioritizes long-term quality, consistency and compounding, even when it occasionally results in short-term underperformance relative to the fund’s benchmark. As always, our primary focus remains on constructing resilient portfolios that we believe can deliver compelling returns through full market cycles.
Templeton Global Investments
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Managed Fund Since 2019
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Managed Fund Since 2025
Latest Insights
April 4, 2024
March 8, 2024
February 7, 2024
Performance
Average Annual Total Returns
As of 09/30/2025
Selected Month September 2025
Class R - With Sales Charge (POP) (%)
Month End
As of 09/30/2025
Class R - Without Sales Charge (NAV) (%)
Month End
As of 09/30/2025
MSCI All Country World ex US Index-NR (%) 3
Month End
As of 09/30/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 7
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Portfolio
Assets
As of09/30/2025 (Updated Monthly)
- Total Net Assets
- $2.57 Billion
Positions
As of 09/30/2025 (Updated Monthly)
Number of Issuers
- Fund
- 41
- Benchmark
- 1,965
Portfolio Statistics
As of 09/30/2025 (Updated Monthly)
Weighted Average Market Capitalization (USD)
- Fund
- $160.01 Billion
- Benchmark
- $112.48 Billion
- Fund
- 16.94x
- Benchmark
- 17.06x
- Fund
- 7.58x
- Benchmark
- 9.64x
- Fund
- 1.56x
- Benchmark
- 2.15x
Asset Allocation
As of 09/30/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 96.02% |
Cash & Cash Equivalents | 3.98% |
Holdings
As of 09/30/2025 (Updated Monthly)
Carrefour SA ORD EUR2.5
Alibaba Group Holding Ltd ORD HKD 0.000003125
Cash and Cash Equivalents
Samsung Electronics Co Ltd ORD KRW 100
BP PLC ORD GBP.25
Taiwan Semiconductor Manufacturing Co Ltd ORD TWD10
BNP Paribas SA ORD EUR2
AstraZeneca PLC ORD GBP.25
CNH Industrial NV ORD USD.01 CL A
Prudential PLC ORD GBP.05
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/19/2024
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Templeton Foreign Fund | |||
| Product Commentary - Templeton Foreign Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Templeton Foreign Fund - Class R | |||
| Annual Financial Statements and Other Information - Templeton Funds | |||
| Semi-Annual Report - Templeton Foreign Fund - Class R | |||
| Semi-Annual Financial Statements and Other Information - Templeton Funds | |||
| Prospectus - Templeton Foreign Fund | |||
| Summary Prospectus - Templeton Foreign Fund | |||
| Statement of Additional Information - International Equity Funds | |||
| Fiscal Q1 Holdings - Franklin Tax-Free Trust | |||
| Fiscal Q3 Holdings - Templeton Funds |
Risks
All investments involve risks, including possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the fund invests in companies in a specific country or region, the fund may experience greater volatility than a fund that is more broadly diversified geographically. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The MSCI All Country World Index ex US (MSCI ACWI Index ex US) is a market capitalization-weighted index designed to measure equity market performance of developed and emerging markets, excluding the U.S. Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.