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Equity

Templeton Global ADR Equity SMA

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  • Factsheet
  • Product Commentary
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Year to Date Returns (Net)
21.37%
As of 12/31/2025
Year to Date Returns (Pure Gross)
24.95%

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Templeton Global ADR Equity SMA

  • Overview
  • Composite Performance
  • Portfolio
  • Documents
Skipped to Overview Section Content

Overview

See additional performance disclosures in the performance section.

Product Facts

Strategy Description

The Templeton Global ADR Equity SMA invests in global stocks with a market capitalization generally of $1 billion or greater at time of purchase. Industry weights are limited to approximately 20% of the total portfolio, and emerging markets typically range from 5% to 15%, with approximately 30% maximum. Accounts may invest in foreign securities only through American Depositary Receipts (ADRs).

Benchmark
MSCI All Country World Index-NR
Additional Benchmark
MSCI World Index-NR
Inception Date
11/30/1999
Asset Class
Equity

Average Annual Total Returns As of 01/31/2026

View performance section for additional info As of 01/31/2026
  • 22.46%1 Year
  • 13.38%3 Years
  • 9.81%5 Years
  • 8.33%10 Years
  • 4.49%Since Inception
    11/30/1999

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

Portfolio breakdown percentages may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.

View portfolio section for additional info

As of 02/28/2026 % of Total (Updated Monthly)

Top Sectors
Financials26.29%
Industrials14.15%
Information Technology11.19%
Health Care10.68%
Materials9.75%

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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

December 31, 2025
  • Markets:  Global equity markets collectively posted moderate gains in the fourth quarter of 2025, marking a period of consolidation after the stronger advance seen in the third quarter.
  • Contributors:  Stock selection and underweights in the information technology and consumer discretionary sectors and stock selection and an overweight in financials contributed to relative performance for the quarter.
  • Detractors:  Stock selection and in the health care and energy sectors detracted from relative performance for the quarter.
  • Outlook:  We remain broadly constructive on the longer-term outlook for equity markets, but the strength of 2025’s rally suggests that some caution is appropriate in the coming months.

For complete information, please see the full commentary:

Templeton Global Investments
[Heather Abdinoors avatar]

Managed Strategy Since 2014

[Peter Noris avatar]

Managed Strategy Since 2014

Portfolio Manager Profile
Years of Experience
Manager Location

Latest Insights

March 9, 2026

Value is not a low multiple: A broader framework for identifying undervalued businesses

March 5, 2026

Global Equity Pulse: Ramping up on consumer staples

March 3, 2026

US/Iran conflict: global equity impact

March 3, 2026

Emerging Markets Insights: Conflict in Iran and falling tariffs

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[products.skip-performance]

Composite Performance

Average Annual Total Returns

As of 01/31/2026

Choose Month

2026

Use arrow keys to navigate calendar. Press Enter to select a date.
2026
Selected Month January 2026

Chart

Bar chart with 4 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 4.49 to 26.07.
Created with Highcharts 11.4.80510152025301 Year3 Years5 Years7 Years10 Years15 Years20 Years25 YearsSince​Inception
End of interactive chart.
Templeton Global ADR Equity SMA - Net (%)
Month End
As of 01/31/2026
Templeton Global ADR Equity SMA - Pure Gross (%)
Month End
As of 01/31/2026
MSCI All Country World Index-NR (%)
Month End
As of 01/31/2026
MSCI World Index-NR (%)
Month End
As of 01/31/2026

Prior to January 1, 2020, net-of-fee returns were based on actual fee and non-fee paying accounts used a model wrap fee. 

The strategy returns shown are preliminary composite returns, subject to future revision (downward or upward). Past performance is not a guarantee of future results. An investment in this strategy can lose value.  

Performance data represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios) which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary.  

For fee schedules, contact your financial professional, or if you enter into an agreement directly with Franklin Templeton Private Portfolio Group, LLC (“FTPPG”), refer to FTPPG’s Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.   

Net Returns (NR) include income net of tax withholding when dividends are paid.

To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236.

Franklin Templeton claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Franklin Templeton claims compliance with the Global Investment Performance Standards (GIPS®). Due to the integration of GIPS firms, predecessor firms may have a different claim of compliance date. Performance presented prior to January 1, 2000 is not in compliance. 

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Portfolio

Positions

As of 02/28/2026 (Updated Monthly)

Number of Issuers
Portfolio
50
Benchmark

MSCI All Country World Index-NR

2,514

Portfolio Statistics

As of 02/28/2026 (Updated Monthly)

Price to Cash Flow

Supplements price/earnings ratio as a measure of relative value for a stock. For a portfolio, the value represents a weighted average of the stocks it holds.

Portfolio
11.05x
Benchmark

MSCI All Country World Index-NR

14.12x
Price to Book

The price per share of a stock divided by its book value (i.e., net worth) per share. For a portfolio, the ratio is the weighted average price/book ratio of the stocks it holds.

Portfolio
2.52x
Benchmark

MSCI All Country World Index-NR

—
Weighted Average Market Capitalization (USD)

A determination of a company's value, calculated by multiplying the total number of company stock shares outstanding by the price per share. For a portfolio, the value represents a weighted average based on the stocks held.

Portfolio
$373.42 Billion
Benchmark

MSCI All Country World Index-NR

—
Dividend Yield 1
Portfolio
1.96%
Benchmark

MSCI All Country World Index-NR

—
Price to Earnings (12-Month Trailing)

The share price of a stock, divided by its per-share earnings over the past year. For a portfolio, the value represents a weighted average of the stocks it holds.

Portfolio
20.91x
Benchmark

MSCI All Country World Index-NR

—

The portfolio characteristics listed are based on the model portfolio, which is representative of the investment strategy. The model portfolio represents the expected allocation that would be used for new accounts. The allocation of existing accounts may differ from the allocation used for new accounts due to differences in the timing of purchases and sales, changes in the purchase and sell list during the course of a quarter, general market conditions, and factors specific to each existing account due to client considerations. The securities used in developing this model portfolio do not reflect actual purchases in an account and may not reflect the impact that material economic and market factors might have had on decision making if the portfolio manager was actually managing the account. 

Asset Allocation 2

As of 02/28/2026 % of Total (Updated Monthly)

Asset Allocation
Asset Type Portfolio
Equity
95.41%
Cash & Cash Equivalents
4.59%

 

Bar chart with 2 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 4.59442 to 95.40558.
Created with Highcharts 11.4.80%100%25%50%75%125%EquityCash & Cash​Equivalents
End of interactive chart.

The portfolio characteristics listed are based on the model portfolio, which is representative of the investment strategy. The model portfolio represents the expected allocation that would be used for new accounts. The allocation of existing accounts may differ from the allocation used for new accounts due to differences in the timing of purchases and sales, changes in the purchase and sell list during the course of a quarter, general market conditions, and factors specific to each existing account due to client considerations. The securities used in developing this model portfolio do not reflect actual purchases in an account and may not reflect the impact that material economic and market factors might have had on decision making if the portfolio manager was actually managing the account. 

Top Equity Issuers

As of 02/28/2026 (Updated Monthly)

Top Equity Issuers
Holdings Portfolio
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR
4.87%
Alphabet Inc. Class A
4.34%
AstraZeneca PLC
3.49%
BP PLC Sponsored ADR
2.80%
Mizuho Financial Group Inc Sponsored ADR
2.45%
Ferguson Enterprises Inc.
2.44%
Unilever PLC Sponsored ADR
2.37%
SSE plc Sponsored ADR
2.36%
Micron Technology, Inc.
2.25%
Infineon Technologies AG Sponsored ADR
2.22%

 

Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 2.22099 to 4.86686.
Created with Highcharts 11.4.80%2%4%6%Taiwan​Semiconductor​Manufacturing Co.,​Ltd. Sponsored ADRAlphabet Inc. Class AAstraZeneca PLCBP PLC Sponsored​ADRMizuho Financial​Group Inc​Sponsored ADRFerguson​Enterprises Inc.Unilever PLC​Sponsored ADRSSE plc Sponsored​ADRMicron Technology,​Inc.Infineon​Technologies AG​Sponsored ADR
End of interactive chart.

Holdings of the same issuers have been combined. All data is subject to change. The information provided is not a recommendation to purchase, sell, or hold any particular security. The portfolio manager reserves the right to withhold release of information with respect to holdings that would otherwise be included. Weightings as percent of total. Percentage may not total 100% due to rounding. 

[products.skip-documents]

Documents

Product Documents
Product Documents
Name Download Add to Cart
Factsheet - Templeton Global ADR Equity SMADownload Document
Product Commentary - Templeton Global ADR Equity SMADownload Document
FTPPG Regulatory DisclosuresMailed hardcopies unavailable.Download Document

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Risks

All investments involve risks, including possible loss of principal. Depositary receipts are subject to international investment risk and potentially negative effects from currency exchange rates, foreign taxation and differences in auditing and other financial standards. 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. Equity securities are subject to price fluctuation and possible loss of principal. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. Active management does not ensure gains or protect against market declines. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. The investment style may become out of favor, which may have a negative 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.

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Important Information

Separately Managed Accounts (SMAs) are investment services provided by Franklin Templeton Private Portfolio Group, LLC (FTPPG), a federally registered investment advisor. Client portfolios are managed based on investment instructions or advice provided by affiliated subadvisors of Franklin Templeton. Management is implemented by FTPPG, the designated subadvisor or, in the case of certain programs, the program sponsor or its designee. 

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Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.

Important data provider notices and terms available at www.franklintempletondatasources.com.

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 is a market capitalization-weighted index that is designed to measure equity market performance of developed and emerging markets.
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.

All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.

Footnotes

  1. Dividend yield is calculated without the deduction of fees and expenses. 

  2. Figures shown are based on the model portfolio, which is representative of the investment strategy. The model portfolio represents the expected allocation that would be used for new accounts. The allocation of existing accounts may differ from the allocation used for new accounts due to differences in the timing of purchases and sales, changes in the purchase and sell list during the course of a quarter, general market conditions, and factors specific to each existing account due to client considerations. The securities used in developing this model portfolio do not reflect actual purchases in an account and may not reflect the impact that material economic and market factors might have had on decision making if the portfolio manager was actually managing the account.

  3. Capitalization Rate is calculated without the deduction of fees and expenses.

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