TFMAX

Templeton Frontier Markets Fund

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

PRICE AND YTD RETURN As of 05/24/2016

NAV up $0.03 $10.76
POP $11.42
YTD Total return at Nav 3.16%
1 YEAR RETURN -23.41%
5 YEAR RETURN -5.60%
Since inception Inception: 10/14/2008 2.62%

KEY STATS

Investment Category Value
Distributions Annually
CUSIP 880 19R 674
Fund Number 096
Inception Date Oct 14, 2008
Total Net Assets (all share classes) As of 04/30/2016 $226.2 (M)
Distribution Rate at NAV N/A
30-Day Standardized yield N/A

SALES CHARGE, EXPENSES, & FEES As of 08/01/2015 (updated annually)

Gross Expense Ratio 1.98%
Net Expense Ratio 1.98%
Capped Expense Ratio
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.24%

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."

Mark Mobius, Ph.D

Management

Mark Mobius, Ph.D

Mark Mobius, Ph.D

  • Joined Franklin Templeton in 1987
  • Managed Fund Since 2008
Allan Lam

Allan Lam

  • Joined Franklin Templeton in 1987
  • Managed Fund Since 2011
Dennis Lim

Dennis Lim

  • Joined Franklin Templeton in 1990
  • Managed Fund Since 2011
Tom Wu, MBA

Tom Wu, MBA

  • Joined Franklin Templeton in 1987
  • Managed Fund Since 2011

Overall Morningstar Rating As of 04/30/2016

Rating Category: Diversified Emerging Mkts

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 As of 04/30/2016

Years Ratings Funds
in category
3
1 Stars
584
5
3 Stars
408
10
Stars

Morningstar Style Box

We do not publish a style box for this fund.

Strategy, Benefits, Results

Strategy

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.

Benefits

  • 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 and Moscow, as well as Singapore, Mumbai, Johannesburg 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.
  • Unparalleled Emerging Markets Experience. Investors can benefit from lead manager Dr. Mobius, a trailblazer in emerging markets investing with over 30 years of investing experience.

You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.