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Templeton Frontier Markets Fund

Fund Category: InternationalGo to Prices & Performance page
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Symbol TFMAX
CUSIP 880 19R 674
Fund Number 096
Inception Date1 Oct 14, 2008
Distributions Annually
Total Net Assets
(all share classes)
As of 03/31/2014
$1,508.1
(millions)

As of  04/24/2014

NAV2 $18.50  
NAV Change $0.01  
POP3 $19.63  
YTD Total Return at NAV 1.59%
Distribution Rate at NAV N/A
30-day Standardized Yield
N/A

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr 3.32% 9.60%
5 Yrs 14.74% 16.11%
10 Yrs
Life 12.07% 13.30%

Expense Ratio and Sales Charge As of 08/01/2013 (updated annually)

Gross Expense Ratio4 2.12%
Net Expense Ratio 2.11%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.30%

Fund Description

Strategy Statement
Portfolio Managers
Mark Mobius
"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.
Joined Franklin Templeton in 1987
Managed Fund since 2008

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.

Results

Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Stocks have historically outperformed other asset classes over the long term but tend to fluctuate more dramatically over the short term.
  • Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments.
  • Investments in emerging market countries, of which frontier markets are a sub set, 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.
  • 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.
  • Historically, these stocks have exhibited greater price volatility than larger company stocks, especially over the short term.
  • A non-diversified fund involves the risk of greater price fluctuation than a more diversified portfolio. The fund may invest a greater portion of its assets in the securities of one issuer than a diversified fund, it may be more sensitive to economic, business, political or other changes affecting similar issuers or securities.
  • All investments in the fund should be thought of as long-term investments that could experience significant price volatility in any given year.
  • The fund is designed for the aggressive portion of a well-diversified portfolio.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment

$1,000.00

How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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Important Legal Information

Footnotes

For U.S. residents only.