Templeton Frontier Markets Fund

This fund or share class has been closed to new investors.

This fund or share class has been closed to new investors.

Fund Description

Templeton Frontier Markets Fund seeks long-term capital appreciation by normally investing at least 80% of its net assets in securities of companies located in "frontier market countries"—which, in general, are a sub-set of those currently considered to be developing by the World Bank, the International Finance Corporation, the United Nations, or the countries' authorities, or countries with a stock market capitalization of less than 3% of the MSCI World Index.

Strategy Statement

"Frontier markets have gained recent attention due to notable growth rates and low correlation to developed markets. They may be an option for long-term investors with above-average risk tolerance."


Ahmed Awny, CFAμ113970

Ahmed Awny, CFAμ113970

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2018
David Haglund

David Haglund

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2018
Bassel Khatoun

Bassel Khatoun

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2018


Overall Morningstar Rating As of 01/31/2020

Rating Category: Diversified Emerging Mkts

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 01/31/2020

Years Ratings Funds
in category
1 Stars
1 Stars

Morningstar Style Box

We do not publish a style box for this fund.

Strategy, Benefits, Results


Our strategy is built upon the following Templeton cornerstones, which have been in place for over half a century.

  • Search Globally. We believe bargains have no borders when searching for the best investment opportunities.
  • Seek Value. We search worldwide for stocks selling at prices we believe are low relative to their true value.
  • Perform Fundamental, Bottom-Up Research. We conduct in-person visits and perform extensive fundamental research to model a company's potential future earnings, cash flow and asset value relative to its stock price.
  • Practice Patient, Long-Term Investing. We evaluate a company's potential for earnings and growth over a five-year horizon.


  • Frontier Markets Exposure. The fund's investment mix is designed to take advantage of dynamic emerging market growth opportunities as they arise across the globe.
  • Unsurpassed Global Resources. Our global reach includes offices in Hong Kong, Buenos Aires, Bucharest and Ho Chi Minh City, as well as Singapore, Mumbai, Cape Town and Dubai.
  • Low Correlation. Stock markets in frontier market countries are uniquely positioned in terms of industry strengths and economic drivers, which has contributed to a record of low correlation among these countries.
  • Managed by an Experienced Team. The fund is supported by a stable and longstanding dedicated frontier markets investment team that conduct stock and portfolio research in the frontier markets.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments.
  • Investments in emerging markets, of which frontier markets are a subset, involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets.
  • Because these frameworks are typically even less developed in frontier markets, as well as various factors including the increased potential for extreme price volatility, illiquidity, trade barriers and exchange controls, the risks associated with emerging markets are magnified in frontier markets.
  • To the extent the fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, it may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.
  • The fund’s ability to invest in smaller company securities that may have limited liquidity involves additional risks, such as relatively small revenues, limited product lines and small market share.
  • The fund is designed for the aggressive portion of a well-diversified portfolio.
  • These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment


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