Franklin Growth Fund Advisor Class
|
|
- Shanon Lee
- 6 years ago
- Views:
Transcription
1 Growth Equity Product Profile Product Details 1 Fund Assets $14,822,370, Fund Inception Date 03/31/1948 Number of Issuers 139 NASDAQ Symbol FCGAX Maximum Sales Charge 0.00 Investment Style Benchmark Lipper Classification Morningstar Category Dividend Frequency Asset Allocation 2 EQUITY Growth S&P 500 Index Multi-Cap Growth Funds Large Growth Annually in December Fund Description The fund seeks long-term capital appreciation by investing substantially in the equity securities of companies that are leaders in their industries, and which the managers believe are suitable for a buy-and-hold strategy. Performance Data 3,4 Average Annual Total Returns 5 (%) 3 Mths YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs 20 Yrs Since Inception (03/31/1948) Advisor Class S&P 500 Index % 20% 0% -20% Mths YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs 20 Yrs Since Inception CASH & CASH EQUIVALENTS 1.69 Advisor Class S&P 500 Index 0% 50% 100% 150% Total Annual Operating Expenses With Waiver:0.62% Without Waiver: 0.63% Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. The fund s investment return and principal value will change with market conditions, and you may have a gain or a loss when you sell your shares. Please call Franklin Templeton Investments at (800) DIAL BEN/ or visit franklintempleton.com for the most recent month-end performance. Advisor Class shares are offered only to certain eligible investors as stated in the prospectus. They are offered without sales charges or Rule 12b-1 fees. The fund offers other share classes subject to different fees and expenses, which will affect their performance. Please see the prospectus for details. The fund has a fee waiver associated with any investment it makes in a Franklin Templeton money fund and/or other Franklin Templeton fund, contractually guaranteed through 01/31/2019. Fund investment results reflect the fee waiver; without this waiver, the results would have been lower. Calendar Year Returns (%) Advisor Class S&P 500 Index Portfolio Manager Insight 6 Market Review The US stock market stumbled in the first quarter of 2018 even as earnings reports showed many US companies posting their best results in years. Following a robust January rally, stocks briefly entered a correction in February and fell again in March. Nine out of 11 S&P 500 sectors traded lower overall, with the steepest declines in the telecommunication services, consumer staples and energy sectors. Information technology (IT) and consumer discretionary equities were the two 1. All holdings are subject to change. Holdings of the same issuers have been combined. 2. Information is historical and may not reflect current or future portfolio characteristics. Percentage may not equal 100% due to rounding. All holdings are subject to change. 4. Source for Index: FactSet. Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. 5. Periods shorter than one year are shown as cumulative total returns. Not FDIC Insured May Lose Value No Bank Guarantee
2 positive outliers despite selling off broadly in March. Small-capitalization stocks generally held up better than those in the mid- and large-cap universes, though all three tiers retreated. By investment style, gains in growth equities were countered by declines for their value-oriented counterparts, regardless of company size. On a global basis, US equities fared better than most other developed markets in Europe and Asia. In US-dollar terms, widespread gains in frontier and emerging markets broadly outperformed that of the United States. Investor worries were initially driven by speculation the US Federal Reserve (Fed) would quicken the pace of interest-rate hikes in response to higher wage growth, which sparked long-dormant inflation fears and a jump in bond yields. Indeed, most inflationary measures rose during the period. Investor sentiment was further rattled by the possibility of an escalating trade skirmish, primarily with China. A selloff in technology firms also occurred due to concerns about consumer data privacy and potentially tighter regulatory controls in the sector. On the upside, markets were aided by strong corporate guidance for the remainder of A spate of upward revisions to earnings estimates indicated a boost from recently enacted tax cuts. Although job creation remained solid, echoing ongoing expansion in the manufacturing and services sectors, retail sales ebbed and housing market data reflected some weakness. Despite flagging consumer spending signals, a key gauge of consumer confidence has increased since year-end 2017, though it eased a little in March after attaining an 18-year high in February. At its March monetary policy meeting, the Fed raised its benchmark interest rate. It also lifted its 2018 US growth forecast but maintained its projection of three rate hikes this year. Performance Review The fund outperformed its benchmark, the S&P 500 Index, in the first quarter of 2018, with most sectors contributing to relative returns. The industrials and information technology sectors were top contributors to relative performance. In contrast, the materials sector was the sole detractor from relative results. Stock selection drove relative returns in the industrials sector, where shares of Northrop Grumman and Boeing continued to trend higher. Increasing defense budgets have been a positive catalyst for shares of global defense company Northrop Grumman, while robust aircraft demand has buoyed the shares of aircraft manufacturer Boeing. Conversely, fuel and labor cost pressures weighed on the shares of Alaska Air Group, which detracted from performance. The fund s relative returns also benefited from stock selection in the information technology sector. Our positions in enterprise software company ServiceNow and payment processor Mastercard outperformed as their quarterly results beat market expectations. In addition, US government technology provider CSRA outperformed as General Dynamics (also held by the fund) announced its intent to acquire the company. Advances in the information technology sector were marginally offset by a position in GPS technology company Trimble that declined in value. Robotic surgery pioneer Intuitive Surgical was a contributor in the health care sector. The company announced upbeat fourth-quarter financial results with strong revenue growth from its systems and accessories businesses. Health care sector detractors included medical instruments manufacturer Mettler- Toledo International and biotechnology company Biogen. Elsewhere, Amazon.com was a key fund contributor in the consumer discretionary sector, with its shares gaining after the online retail giant reported a quarterly profit that topped US$1 billion for the first time. In contrast, oversupply fears in the lithium market weighed on the shares of Albemarle and hindered fund performance in the materials sector. An individual detractor was Monster Beverage in the consumer staples sector, as cost pressures led to fourth-quarter weakness for the energy drinkmaker. Portfolio Positioning The fund seeks to deliver superior risk-adjusted returns by identifying companies with potential for sustainable growth that is not reflected in current market prices. The team utilizes fundamental, bottom-up research to focus on companies that it believes have characteristics of sustainable growth as evaluated on the basis of growth potential, quality and valuation criteria. The managers continually work with analysts to evaluate upside potential and downside risk, striving to maintain a rewarding portfolio. During the first quarter, the fund s sector weightings modestly increased in the information technology sector and decreased in the health care sector. Other sector weightings remained relatively stable over prior quarter. The fund s largest sector overweighting versus the benchmark during the reporting period was industrials. In contrast, the financials sector was most underweight in relative terms. Outlook & Strategy Since the beginning of the year, we have seen a pick-up in market volatility fueled by worries over rising inflation and interest rates and fears that restrictive trade policies could disrupt global economic growth. Despite these concerns, we see the US economy as maintaining its current path of respectable but not overly robust growth. Underlying fundamentals and economic momentum remain constructive, while we do not foresee an acceleration in growth to a level that would swiftly create inflationary pressures, despite a likely short-term boost from the recent tax policy changes. At the core of our investment strategy is the pursuit of equity securities of quality companies that we believe are leaders in their industries, have the potential to benefit from multi-year secular tailwinds and can generate solid risk-adjusted investment performance over a long-term horizon. Franklin Equity Group continues to focus on the theme of innovation as we pursue promising investment opportunities. We apply our disciplined, bottom-up research process to identify companies that show compelling growth possibilities based on innovation, whether in technology or market approach. For example, within e-commerce, digital payments offer a one-touch checkout solution for customers that may result in significantly higher purchase conversion than that of credit cards. Digital payments have become a cornerstone in highly attractive secular growth themes, such as the rising share of digital payments over cash, the faster growth of e-commerce versus overall retail sales, and the swifter rise of smartphone digital shopping compared with general e-commerce. Biopharmaceutical companies developing biologic therapies to fight disease is another instance of innovation that may offer promising investment opportunities. For instance, immuno-oncology is a therapeutic approach that aims to harness the body s own immune system to recognize and attack cancerous tumors and can be designed to be a possibly safer and more effective treatment approach. These are examples within the information technology and health care sectors that we see capitalizing on technology and innovative approaches to their markets. 6. The information provided is not a complete analysis of every material fact regarding any country, market, industry, security or fund. Because market and economic conditions are subject to change, comments, opinions and analyses are rendered as of the date of this material and may change without notice. A portfolio manager s assessment of a particular security, investment or strategy is not intended as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy; it is intended only to provide insight into the fund s portfolio selection process. Holdings are subject to change. franklintempleton.com 2
3 Portfolio Characteristics 7,8,9 Portfolio S&P 500 Index Market Capitalization (Millions in USD) 163, ,026 Return on Equity 23.55% 18.99% Historical 3-Year EPS Growth 9.69% 9.86% Estimated 3-5 Yr EPS Growth 14.98% 12.90% Operating Margin 21.69% 21.17% Net Margin 14.00% 14.16% Price to Earnings (12 Month Forward) 20.64x 17.06x Portfolio Diversification Top Ten Holdings 10 Top Holdings Sector % APPLE INC Technology Hardware & Equipment 4.63 AMAZON.COM INC Retailing 3.42 NORTHROP GRUMMAN CORP Capital Goods 2.59 BOEING CO Capital Goods 2.43 ALPHABET INC Software & Services 2.26 MICROSOFT CORP Software & Services 2.09 UNION PACIFIC CORP Transportation 1.84 MASTERCARD INC Software & Services 1.65 METTLER-TOLEDO INTERNATIONAL INC Pharmaceuticals, Biotechnology & Life Sciences 1.65 GENERAL DYNAMICS CORP Capital Goods The portfolio characteristics listed are based on the fund s underlying holdings, and do not necessarily reflect the fund s characteristics. Due to data limitations all equity holdings are assumed to be the primary equity issue (usually the ordinary or common shares) of each security s issuing company. This methodology may cause small differences between the portfolio s reported characteristics and the portfolio s actual characteristics. In practice, Franklin Templeton s portfolio managers invest in the class or type of security which they believe is most appropriate at the time of purchase. The market capitalization figures for both the portfolio and the benchmark are at the security level, not aggregated up to the main issuer. Source: Factset. Price ratio calculations for weighted average use harmonic means. Any exceptions to this are noted. The Return on Equity calculation uses simple weighted average means. The Estimated 3-5 Year EPS Growth uses simple weighted average means. There can be no assurance that the Estimated 3-5 Year EPS Growth will be realized. Information is historical and may not reflect current or future portfolio characteristics. All holdings are subject to change. 8. Source: FactSet. Price ratio calculations for weighted average use harmonic means. Any exceptions to this are noted. 9. Source for Index: FactSet. Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. 10. Holdings of the same issuers have been combined. Top ten holdings information is historical and may not reflect current or future portfolio characteristics. All holdings are subject to change. The information provided is not a recommendation to purchase, sell, or hold any particular security. The portfolio manager for the fund reserves the right to withhold release of information with respect to holdings that would otherwise be included. franklintempleton.com 3
4 Sector Allocation 11 Sector Weightings vs. S&P 500 Index 12,13 Industrials Industrials Information Technology Health Care 5.76 Health Care Materials 1.53 Consumer Discretionary 8.07 Information Technology 0.84 Financials 5.44 Real Estate Materials 4.39 Utilities Consumer Staples 3.69 Consumer Staples Real Estate 1.73 Energy Energy 1.45 Consumer Discretionary Utilities 0.94 Financials Cash & Cash Equivalents 1.69 Cash & Cash Equivalents % 5% 10% 15% 20% 25% 30% 35% -15% -10% -5% 0% 5% 10% 15% 20% Largest Sector Contributors vs. S&P 500 Index 14 Total Sector Effect (%) Industrials 0.81 Information Technology 0.45 Consumer Staples 0.33 Energy 0.31 Health Care 0.29 Contributors/detractors data shown is for the period from 01/01/2018 to 03/31/2018. Smallest Sector Contributors vs. S&P 500 Index 15 Total Sector Effect (%) Materials ,12. Information is historical and may not reflect current or future portfolio characteristics. Percentage may not equal 100% due to rounding. All holdings are subject to change. 13. Source for Index: FactSet. Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. 14,15. Past performance is not an indicator or a guarantee of future performance. Information is historical and may not reflect current or future portfolio characteristics. All holdings are subject to change. Source: FactSet. Important data provider notices and terms available at Total Effect represents the excess return by sector as compared to the index. Performance attribution is calculated in the base currency of the fund. franklintempleton.com 4
5 Supplemental Performance Statistics 3 Yrs 5 Yrs 10 Yrs Standard Deviation (%) Tracking Error (%) Information Ratio Beta Sharpe Ratio Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. The fund s investment return and principal value will change with market conditions, and you may have a gain or a loss when you sell your shares. Please call Franklin Templeton Investments at (800) DIAL BEN/ or visit franklintempleton.com for the most recent month-end performance. Investment Philosophy The Franklin Equity Group philosophy holds that companies with the potential for long-term sustainable growth can provide significant opportunities for investors. Market participants can have a short-term perspective and may under appreciate the potential for value created by sustainable growth. We believe that we have the potential to deliver superior risk-adjusted returns by identifying companies with potential for sustainable growth which we believe is not reflected in current prices. Investment Process Within a collaborative environment, our team utilizes fundamental, bottom-up research to focus on companies that we believe have sustainable growth characteristics meeting our criteria of Growth, Quality and Valuation. Growth Quality Valuation Focus on companies with potential to produce Seek companies with strong and improving Consider a range of potential outcomes based on sustainable earnings and cash flow growth Evaluate the long-term market opportunity and competitive positions in attractive markets Identify experienced and talented management an assessment of multiple scenarios Evaluate whether, in our view, security prices fully competitive structure of the industry seeking to identify target leaders and emerging leaders teams as well as financial strength reflected in the capital structure, gross and operating margins, free cash flow generation, and returns on capital reflect the balance of the sustainable growth opportunities relative to the business and financial risks Investment Team Portfolio Manager Years with Firm Years Experience Serena Perin Vinton, CFA, Portfolio Manager John Anderson, Research Analyst 3 11 Robert Rendler, CFA, Research Analyst Additional Resources Franklin US Equity Team Glossary Beta: A measure of the magnitude of a portfolio s past share-price fluctuations in relation to the ups and downs of the overall market (or appropriate market index). The market (or index) is assigned a beta of 1.00, so a portfolio with a beta of 1.20 would have seen its share price rise or fall by 12% when the overall market rose or fell by 10%. Estimated 3-5 Year EPS Growth: An estimated measure of the growth of earnings per share over a forward-looking period. For a portfolio, the value represents a weighted average of the stocks it holds. Historical 3 Yr Sales Growth: The rate at which sales have increased for the fund s underlying holdings over the last three years. Information Ratio: In investing terminology, the ratio of expected return to risk. Usually, this statistical technique is used to measure a manager s performance against a benchmark. This measure explicitly relates the degree by which an investment has beaten the benchmark to the consistency by which the investment has beaten the benchmark. Market Capitalization: A determination of a company s value, calculated by multiplying the total number of company stock shares outstanding by the price per share. Market capitalization is expressed in millions of USD. Net Margin: The ratio of net profits to revenues for a company or business segment that shows how much of each dollar earned by the company is translated into profits. 16. Beta, Information Ratio and Tracking Error information are measured against the S&P 500 Index. 17. Information Ratio is a way to evaluate a manager s ability to outperform a benchmark in relation to the risk that manager is assuming, with risk defined as deviation from the benchmark. This measure is calculated by dividing the portfolio s excess return (portfolio return less the benchmark return) by the tracking error (derived by taking the standard deviation of the monthly differences between the portfolio return and the benchmark return over time). franklintempleton.com 5
6 Operating Margin: A measurement of what proportion of a company s revenue is left over after paying for variable costs of production such as wages, raw materials, etc. Price to Earnings (12-mo 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. Return on Equity: A measure of a corporation s profitability that reveals how much profit a company generates with the money shareholders have invested. For a portfolio, the value represents a weighted average of the stocks it holds. Sharpe Ratio: To calculate a Sharpe ratio, an asset s excess returns (its return in excess of the return generated by risk-free assets such as Treasury bills) are divided by the asset s standard deviation. Standard Deviation: A measure of the degree to which returns vary from the average of its previous returns. The larger the standard deviation, the greater the likelihood (and risk) that performance will fluctuate from the average return. Tracking Error: Measure of the deviation of the return of a product compared to the return of a benchmark over a fixed period of time. Expressed as a percentage. The more passively the investment is managed, the smaller the tracking error. franklintempleton.com 6
7 What Are The Risks? All investments involve risks, including possible loss of principal. Historically, the fund has focused on larger companies. The fund may also invest in small, relatively new and/or unseasoned companies, which involves additional risks, as the price of these securities can be volatile, particularly over the short term. The fund may focus on particular sectors of the market from time to time, which can carry greater risks of adverse developments in such sectors. In addition, the fund may invest up to 40% of its net assets in stocks of foreign companies, which involve special risks, including currency fluctuations and economic as well as political uncertainty. These and other risks are described more fully in the fund s prospectus. Important Legal Information Investors should carefully consider a fund s investment goals, risks, charges and expenses before investing. To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial advisor, call us at (800) DIAL BEN/ or visit franklintempleton.com. Please carefully read a prospectus before you invest or send money. CFA and Chartered Financial Analyst are trademarks owned by CFA Institute. Standard & Poor s, S&P and S&P 500 are registered trademarks of Standard & Poor s Financial Services LLC. S&P does not sponsor, endorse, sell or promote and S&P index-based product. Important data provider notices and terms available at: 3. Effective 12/31/1996, the fund began offering Advisor Class Shares. For periods prior to the fund s Advisor Class inception date, a restated figure is used based on the fund s oldest share class, Class A performance, excluding the effect of Class A s maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and b) for periods after the fund s Advisor Class inception date, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class. Franklin Templeton Distributors, Inc. One Franklin Parkway San Mateo, CA (800) DIAL BEN/ franklintempleton.com 2018 Franklin Templeton Investments. All rights reserved. 606 PP 03/18
Franklin Select U.S. Equity Fund. Advisor Class
Franklin Select U.S. Equity Fund Advisor Class Blend Equity Product Profile Product Details 1 Fund Assets $91,842,807.55 Fund Inception Date 12/13/2007 Number of Issuers 49 NASDAQ Symbol FCEZX Maximum
More informationFranklin Growth Fund Class A, C
Growth Equity Product Profile Product Details 1 Fund Assets $14,670,534,856.05 Fund Inception Date 03/31/1948 Number of Issuers 152 NASDAQ Symbol Investment Style Benchmark Lipper Classification Morningstar
More informationFranklin U.S. Focused Equity Composite
Franklin U.S. Composite Blend Equity Product Profile Product Details Strategy Assets $1,012,796,189.98 Inception Date 09/30/2007 Base Currency USD Investment Style Blend Overview Franklin U.S. aims to
More informationFranklin U.S. Small Cap Growth Equity Composite
Franklin U.S. Equity Composite Growth Equity Product Profile Product Details Strategy Assets $2,721,231,030.89 Inception Date 02/29/1992 Base Currency USD Investment Style Growth Overview Franklin seeks
More informationFranklin Biotechnology Discovery Fund Advisor Class
Franklin Discovery Fund Advisor Class Equity Product Profile Product Details 1 Fund Assets $1,391,510,431.86 Fund Inception Date 09/15/1997 Number of Issuers 91 NASDAQ Symbol FTDZX Maximum Sales Charge
More informationFranklin Utilities Fund Advisor Class
Utilities Equity Product Profile Product Details 1 Fund Assets $5,726,572,437.83 Fund Inception Date 09/30/1948 Number of Issuers 45 NASDAQ Symbol FRUAX Maximum Sales Charge Investment Style Benchmark
More informationTempleton China World Fund Advisor Class
Templeton China World Fund Advisor Class Equity Product Profile Product Details 1 Fund Assets $290,551,367.47 Fund Inception Date 09/08/1993 Number of Issuers 51 NASDAQ Symbol TACWX Maximum Sales Charge
More informationFranklin Utilities Fund Class A, C
Utilities Equity Product Profile Product Details 1 Fund Assets $5,788,850,628.56 Fund Inception Date 09/30/1948 Number of Issuers 43 Investment Style Benchmark Lipper Classification Morningstar Category
More informationFranklin Rising Dividends Fund Class A, C
Franklin Rising Dividends Fund Class A, C Blend Equity Product Profile Product Details 1 Fund Assets $18,552,005,636.71 Fund Inception Date 01/14/1987 Number of Issuers 70 Investment Style Benchmark Lipper
More informationFranklin Mutual Shares Fund Class A, C
Franklin Mutual Shares Fund Class A, C Value Equity Product Profile Product Details 1 Fund Assets $14,621,479,257.66 Fund Inception Date 07/01/1949 Number of Issuers 98 Investment Style Benchmark Lipper
More informationFranklin DynaTech Fund Advisor Class
Franklin DynaTech Fund Advisor Class Growth Equity Product Profile Product Details 1 Fund Assets $6,808,135,350.20 Fund Inception Date 01/01/1968 Number of Issuers 136 NASDAQ Symbol FDYZX Maximum Sales
More informationFranklin DynaTech Fund Class A, C
Growth Equity Product Profile Product Details 1 Fund Assets $5,878,724,776.43 Fund Inception Date 01/01/1968 Number of Issuers 134 Investment Style Benchmark Lipper Classification Morningstar Category
More informationFranklin DynaTech Fund Advisor Class
Franklin DynaTech Fund Advisor Class Growth Equity Product Profile Product Details 1 Fund Assets $5,878,724,776.43 Fund Inception Date 01/01/1968 Number of Issuers 134 NASDAQ Symbol FDYZX Maximum Sales
More informationFranklin Equity Income Fund Advisor Class
Franklin Equity Income Fund Advisor Class Value Equity Product Profile Product Details 1 Fund Assets $2,255,651,608.76 Fund Inception Date 03/15/1988 Number of Issuers 69 NASDAQ Symbol FEIFX Maximum Sales
More informationFranklin Corefolio Allocation Fund Class A, C
Franklin Corefolio Allocation Fund Class A, C Total Return Multi-Asset Product Profile Product Details Fund Assets $837,587,913.31 Fund Inception Date 08/15/2003 Investment Style Benchmark Lipper Classification
More informationFranklin India Growth Fund Class A, C
Franklin India Growth Fund Class A, C Growth Equity Product Profile Product Details 1 Fund Assets $142,820,884.05 Fund Inception Date 01/31/2008 Number of Issuers 45 Investment Style Benchmark Lipper Classification
More informationAdvisor Class. Average Annual Total Returns 5 (%) 3 Mths YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs 20 Yrs (10/16/1991)
Templeton Developing Markets Trust Advisor Class Value Equity Product Profile Product Details 1 Fund Assets $1,420,822,800.04 Fund Inception Date 10/16/1991 Number of Issuers 94 NASDAQ Symbol TDADX Maximum
More informationFranklin Mutual European Fund Class A, C
Franklin Mutual European Fund Class A, C Value Equity Product Profile Product Details 1 Fund Assets $2,137,388,947.56 Fund Inception Date 07/03/1996 Number of Issuers 53 Investment Style Benchmark Lipper
More informationFranklin U.S. Rising Dividends Fund
Product Profile Product Details 1,2 Fund Assets $1,033,530,863.57 Fund Inception Date 11/24/2000 Number of Issuers 64 Base Currency Morningstar Category Distribution Frequency CAD US Equity Annually Inception
More informationFranklin Bissett Canadian Equity Fund
Product Profile Product Details Fund Assets $3,329,185,070.09 Fund Inception Date 03/01/1983 Base Currency Morningstar Category Distribution Frequency Risk Classification 1 Low Low to Medium Medium Medium
More informationFranklin Mutual Beacon Fund Class A, C
Franklin Mutual Beacon Fund Class A, C Value Equity Product Profile Product Details 1 Fund Assets $3,824,681,802.00 Fund Inception Date 06/29/1962 Number of Issuers 60 Investment Style Benchmark Lipper
More informationFranklin Real Estate Securities Fund. Advisor Class. Product Details 1. Fund Description. Performance Data 3,4. Portfolio Manager Insight 6
Franklin Real Estate Securities Fund Advisor Class Listed Securities Alternatives Product Profile Product Details 1 Fund Assets $343,921,524.55 Fund Inception Date 01/03/1994 Number of Issuers 51 NASDAQ
More informationFranklin All Cap Value Fund Class A
PRODUCT PROFILE FOURTH QUARTER 2011 FUND CHARACTERISTICS (AS OF 12/31/11) NASDAQ Symbol FRAVX Inception Date 6/1/07 Dividends Investment Style Lipper Classification Morningstar Category Total Net Assets
More informationFranklin Floating Rate Daily Access Fund Advisor Class
Franklin Floating Rate Daily Access Fund Advisor Class High Yield Fixed Income Product Profile Product Details 1 Fund Assets $3,639,447,605.70 Fund Inception Date 05/01/2001 Number of Securities 207 Including
More informationFranklin ActiveQuant U.S. Corporate Class
Franklin ActiveQuant U.S. Corporate Class Product Profile Product Details 1 Fund Assets $87,816,321.02 Fund Inception Date 03/03/2008 Base Currency Morningstar Category Distribution Frequency CAD US Equity
More informationFranklin Bissett Canadian Equity Fund
Product Profile Product Details 1 Fund Assets $3,388,790,133.22 Fund Inception Date 03/01/1983 Base Currency Morningstar Category Distribution Frequency Fund Codes 2 Series Series F Series F ADM Series
More informationTempleton Emerging Markets Small Cap Fund Class A, C
Templeton Emerging Markets Small Cap Fund Class A, C Value Equity Product Profile Product Details 1 Fund Assets $1,006,954,613.92 Fund Inception Date 10/02/2006 Number of Issuers 132 Investment Style Benchmark
More informationFranklin Bissett Canadian Equity Fund
Product Profile Product Details Fund Assets $3,388,790,133.22 Fund Inception Date 03/01/1983 Base Currency Morningstar Category Distribution Frequency CAD Canadian Equity Annually Series Inception Date
More informationFranklin High Income Fund Class A, C
High Yield Fixed Income Product Profile Product Details 1 Fund Assets $3,328,363,618.22 Fund Inception Date 12/31/1969 Number of Securities 261 Including Cash NASDAQ Symbol FHAIX Investment Style High
More informationTempleton Emerging Markets Bond Fund Advisor Class
Templeton Emerging Markets Bond Fund Advisor Class Unconstrained Fixed Income Product Profile Product Details 1 Fund Assets $34,588,372.19 Fund Inception Date 04/01/2013 Number of Securities 128 Including
More informationFranklin U.S. Rising Dividends Fund
Product Profile Product Details 1 Fund Assets $1,033,530,863.57 Fund Inception Date 11/24/2000 Number of Issuers 64 Base Currency Morningstar Category Distribution Frequency CAD US Equity Annually Fund
More informationTempleton Global Currency Fund. Advisor Class
Templeton Global Currency Fund Advisor Class Unconstrained Fixed Income Product Profile Product Details 1 Fund Assets $35,781,321.47 Fund Inception Date 11/17/1989 Number of Holdings 33 NASDAQ Symbol ICHHX
More informationFranklin Global Growth Corporate Class
Franklin Global Growth Corporate Class Product Profile Product Details 1,2 Fund Assets $31,316,918.86 Fund Inception Date 06/18/2001 Number of Issuers 36 Base Currency Morningstar Category Distribution
More informationFranklin Bissett Small Cap Fund
Product Profile Product Details 1,2 Fund Assets $504,844,321.76 Fund Inception Date 08/30/1993 Number of Issuers 42 Base Currency CAD Morningstar Category - Distribution Frequency Annually Inception Date
More informationFranklin K2 Long Short Credit Fund. Advisor Class
Franklin K2 Long Short Credit Fund Advisor Class Multi Strategy Alternatives Product Profile Product Details Fund Assets $88,117,929.04 Fund Inception Date 09/08/2015 Investment Style Multi Strategy Benchmark
More informationTempleton International Bond Fund. Class C
Templeton International Bond Fund Class A, C Unconstrained Fixed Income Product Profile Product Details 1 Fund Assets $360,795,665.52 Fund Inception Date 12/03/2007 Number of Securities 124 Including Cash
More informationTempleton Global Stock Trust
Product Profile Product Details 1 Fund Assets $479,581,107.95 Fund Inception Date 09/15/1997 Number of Issuers 81 Base Currency CAD Benchmark Benchmark Currency CAD Distribution Frequency Annually Fund
More informationFranklin Small Cap Value Fund. Advisor Class
Franklin Small Cap Value Fund Advisor Class Value Equity Product Profile Product Details 1 Fund Assets $2,648,115,800.70 Fund Inception Date 03/11/1996 Number of Issuers 151 NASDAQ Symbol Maximum Initial
More informationTempleton World Fund Advisor Class
Value Equity Product Profile Product Details 1 Fund Assets $3,495,780,335.23 Fund Inception Date 01/17/1978 Number of Issuers 81 NASDAQ Symbol TWDAX Maximum Sales Charge 0.00 Investment Style Benchmark
More informationTIF Emerging Markets Series
Equity Product Profile Product Details Fund Assets $57,261,320.21 Fund Inception Date 05/03/1993 Number of Issuers 94 Total Annual Operating 1.31% Expenses With Waiver Total Annual Operating 1.44% Expenses
More informationTempleton Emerging Markets Fund
Product Profile Product Details 1 Fund Assets $267,096,563.10 Fund Inception Date 09/20/1991 Number of Issuers 82 Base Currency CAD Benchmark MSCI Emerging Markets Index Distribution Frequency Annually
More informationTempleton Emerging Markets Small Cap Fund Advisor Class
Templeton Emerging Markets Small Cap Fund Advisor Class Value Equity Product Profile Product Details 1 Fund Assets $1,088,378,620.46 Fund Inception Date 10/02/2006 Number of Issuers 136 NASDAQ Symbol TEMZX
More informationComposite. Average Annual Total Returns (USD %) 1. Franklin Mutual Global Discovery Composite - NET MSCI World Index. Calendar Year Returns (USD %)
Franklin Mutual Global Discovery Composite Value Equity Product Profile Product Details Strategy Assets $20,993,884,798.09 Inception Date 12/31/2009 Base Currency USD Investment Style Value Overview The
More informationFranklin Flexible Alpha Bond Fund. Advisor Class
Franklin Flexible Alpha Bond Fund Advisor Class Absolute Return Fixed Income Product Profile Product Details 1 Fund Assets $416,313,682.95 Fund Inception Date 08/03/2015 Number of 406 Including Cash NASDAQ
More informationFranklin Mutual Global Discovery Fund
Product Profile Product Details 1,2 Fund Assets $775,680,191.43 Fund Inception Date 02/17/2003 Number of Issuers 92 Base Currency Morningstar Category Distribution Frequency CAD Global Equity Annually
More informationCompounded Returns for Periods Ended September 30, 2017 (%) Management Expense Ratio (as of 4/30/17 incl. HST) 2.45%
Templeton Growth Fund, Ltd. Series A Product Profile Third Quarter 2017 FUND CHARACTERISTICS (AS OF 9/30/17) Fund Inception Date 11/29/54 Distribution Frequency Annually Morningstar Category Global Equity
More informationFranklin U.S. Opportunities Fund A (acc) USD
Franklin U.S. Opportunities Fund A (acc) USD Franklin Templeton Investment Funds Fund Manager Report Growth Equity Product Details 1 Fund Assets $3,989,873,252.69 Fund Inception Date 03.04.2000 Number
More informationFranklin Mutual Shares Fund Class Z
Value Equity Product Profile Product Details 1 Fund Assets $14,657,738,868.62 Fund Inception Date 07/01/1949 Number of Issuers 100 NASDAQ Symbol MUTHX Maximum Sales Charge Investment Style Benchmark Lipper
More informationTempleton Emerging Markets Bond Fund Class A, C
Templeton Emerging Markets Bond Fund Class A, C Unconstrained Fixed Income Product Profile Product Details 1 Fund Assets $34,588,372.19 Fund Inception Date 04/01/2013 Number of Securities 128 Including
More informationFranklin Biotechnology Discovery Fund A (acc) USD
Franklin Discovery Fund A (acc) USD Franklin Templeton Investment Funds Fund Manager Report Equity Product Details 1 Fund Assets $2,026,977,439.38 Fund Inception Date 03/04/2000 Number of Issuers 96 Bloomberg
More informationTempleton International Equity Trust
Product Profile First Quarter 2018 FUND CHARACTERISTICS (AS OF 3/31/18) Fund Inception Date 11/1/90 Distribution Frequency Annually Benchmark (CAD) Total Net Assets (CAD) $458 million Number of Issuers
More informationCompounded Returns for Periods Ended December 31, 2017 (%) Management Expense Ratio (as of 6/30/17 incl. HST) 2.28%
Franklin ActiveQuant Canadian Fund Series A Product Profile Fourth Quarter 2017 FUND CHARACTERISTICS (AS OF 12/31/17) Fund Inception Date 9/20/04 Morningstar Category Canadian Equity Total Net Assets All
More informationEmerging Markets Equity. Franklin Templeton Investment Funds Templeton Asian Growth Fund - I (acc) USD. Data as of 31 August 2018
Emerging Markets Equity Data as of 31 August 2018 Franklin Templeton Investment Funds - I (acc) USD Table of Contents Summary...3 What are the Key Risks?...4 Discrete Performance... 5 Historical Performance...6
More informationFranklin Custodian Funds
Semiannual Report and Shareholder Letter March 31, 2018 Franklin Custodian Funds Franklin DynaTech Fund Franklin Growth Fund Franklin Income Fund Franklin U.S. Government Securities Fund Franklin Utilities
More informationTempleton China Fund A (acc) USD
Franklin Templeton Investment Funds Value Equity Fund Manager Report Product Details 1 Fund Assets $581,186,801.52 Fund Inception Date 01/09/1994 Number of Issuers 52 Bloomberg ISIN Base Currency Investment
More informationPortfolio Manager Insight
Growth Equity Product Profile Product Details Strategy Assets $4,064,420,195.71 Inception Date 11/30/2005 Base Currency USD Investment Style Growth Overview We seek to capture the growth potential of India
More informationFranklin MidCap Value Fund Advisor Class
Franklin MidCap Value Fund Advisor Class Value Equity Product Profile Product Details 1 Fund Assets $184,924,453.16 Fund Inception Date 07/01/2005 Number of Issuers 111 NASDAQ Symbol FMVZX Maximum Sales
More informationFranklin Emerging Market Debt Opportunities Fund Advisor Class
Franklin Emerging Market Debt Opportunities Fund Advisor Class Unconstrained Fixed Income Product Profile Product Details Fund Assets $524,491,236.03 Fund Inception Date 05/24/2006 Number of Securities
More informationTempleton Frontier Markets Fund A (acc) USD
Templeton Frontier Markets Fund A (acc) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $667,573,342.18 Fund Inception Date 14/10/2008 Number of Issuers
More informationTempleton Asian Smaller Companies Fund A (acc) USD
Templeton Asian Smaller Companies Fund A (acc) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $1484994629.55 Fund Inception Date 14/10/2008 Number
More informationFranklin NextStep Funds
Franklin NextStep Funds June 30, 2016 MONTHLY PORTFOLIO UPDATE The Simple Way to Invest: Franklin NextStep Funds Simplicity All-in-one portfolios matched to three levels of risk. Diversification A broad
More informationTempleton BRIC Fund A (acc) USD
Franklin Templeton Investment Funds Value Equity Fund Manager Report Product Details 1 Fund Assets $906480749.69 Fund Inception Date 25/10/2005 Number of Issuers 49 Bloomberg ISIN Base Currency Investment
More informationTempleton Global ADR Equity SMA Composite
Templeton Global ADR Equity SMA Composite Templeton Separately Managed Accounts Product Profile Value Equity Product Details 1 Inception Date 11/30/1999 Benchmark MSCI World Index, MSCI All Country World
More informationTempleton Growth Fund, Ltd.
Product Profile Product Details 1,2 Fund Assets $1,505,713,043.43 Fund Inception Date 11/29/1954 Number of Issuers 92 Base Currency Morningstar Category Distribution Frequency Risk Classification 3 Low
More informationA (Ydis) USD. Franklin Templeton Investment Funds. Fund Manager Report. Calendar Year Returns (%) Portfolio Manager Insight
Templeton Emerging Markets Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $965,180,399.67 Fund Inception Date 28/02/1991 Number of
More informationFranklin Rising Dividends Fund
Blend Franklin Rising Dividends Fund A UNIQUE APPROACH TO INVESTING The Strategy Franklin Rising Dividends Fund employs a unique, disciplined approach to stock selection. Generally, companies must meet
More informationFranklin MENA Fund A (acc) USD
Franklin Templeton Investment Funds Growth Equity Fund Manager Report Product Details 1 Fund Assets $97,294,995.20 Fund Inception Date 16/06/2008 Number of Issuers 46 Bloomberg ISIN Base Currency Investment
More informationTempleton Asian Growth Fund A (Ydis) USD
Templeton Asian Growth Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $4472298470.36 Fund Inception Date 16/04/1991 Number of Issuers
More informationFranklin European Small-Mid Cap Growth Fund A (acc) EUR
Franklin European Small-Mid Cap Growth Fund A (acc) EUR Franklin Templeton Investment Funds Fund Manager Report Growth Equity Product Details 1 Fund Assets 465,083,303.95 Fund Inception Date 03/12/2001
More informationFranklin Biotechnology Discovery Fund A (acc) USD
Franklin Discovery Fund A (acc) USD Franklin Templeton Investment Funds Fund Manager Report Equity Product Details 1 Fund Assets $2,125,578,204.37 Fund Inception Date 03/04/2000 Number of Issuers 93 Bloomberg
More informationFranklin India Growth Fund Advisor Class
Franklin India Growth Fund Advisor Class Growth Equity Product Profile Product Details 1 Fund Assets $165,344,393.61 Fund Inception Date 01/31/2008 Number of Issuers 49 NASDAQ Symbol FIGZX Maximum Sales
More informationFranklin MENA Fund A (acc) USD
Franklin Templeton Investment Funds Growth Equity Fund Manager Report Product Details 1 Fund Assets $97294995.20 Fund Inception Date 16/06/2008 Number of Issuers 46 Bloomberg ISIN Base Currency Investment
More informationTempleton Growth (Euro) Fund A (acc) EUR
Templeton Growth (Euro) Fund A (acc) EUR Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details Fund Assets 7,183,194,265.20 Fund Inception Date 09/08/2000 Number of Issuers
More informationFranklin Bissett Canadian Dividend Fund
Franklin Bissett Canadian Dividend Fund Product Profile Product Details Fund Assets $592,666,621.04 Fund Inception Date 12/22/2003 Base Currency Morningstar Category Distribution Frequency Fund Codes 1
More informationTempleton Global Fund A (Ydis) USD
Templeton Global Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $980028010.65 Fund Inception Date 28/02/1991 Number of Issuers 76 Bloomberg
More informationTempleton Latin America Fund A (Ydis) USD
Templeton Latin America Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $1,050,576,208.81 Fund Inception Date 28/02/1991 Number of Issuers
More informationFranklin EAFE Plus Equity Composite
Growth Equity Product Profile Product Details 1 Strategy Assets $2,074,588,896.13 Inception Date 12/31/1987 Base Currency USD Investment Style Growth Overview We focus on fundamental bottom-up stock analysis
More informationFranklin MENA Fund A (acc) USD
Franklin Templeton Investment Funds Growth Equity Fund Manager Report Product Details 1 Fund Assets $97.294.995,20 Fund Inception Date 16.06.2008 Number of Issuers 46 Bloomberg ISIN Base Currency Investment
More informationMulti-Asset. Franklin Income Fund A HISTORY OF INCOME AND GROWTH
Multi-Asset Franklin Income Fund A HISTORY OF INCOME AND GROWTH Not FDIC Insured May Lose Value No Bank Guarantee Why Franklin Income Fund? Key Reasons to Invest Whether you re saving for retirement or
More informationJPMorgan Funds statistics report: Large Cap Growth Fund
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE JPMorgan Funds statistics report: Large Cap Growth Fund jpmorganfunds.com Table of contents PERFORMANCE ATTRIBUTION Performance at NAV 3 Performance attribution
More informationTempleton Asian Growth Fund A (Ydis) USD
Templeton Asian Growth Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $4,472,298,470.36 Fund Inception Date 04/16/1991 Number of Issuers
More informationFranklin Emerging Market Debt Opportunities Fund Advisor Class
Franklin Emerging Market Debt Opportunities Fund Advisor Class Unconstrained Fixed Income Product Profile Product Details Fund Assets $554,236,508.79 Fund Inception Date 05/24/2006 Number of Securities
More informationASSET ALLOCATION MADE EASY
ASSET ALLOCATION MADE EASY REACHING YOUR GOALS AT YOUR PACE Most people can rattle off their investment goals: retirement, college tuition, a new house. That s easy. What s harder is successfully reaching
More informationTempleton Latin America Fund A (Ydis) USD
Templeton Latin America Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Blend Equity Product Details 1 Fund Assets $1,076,825,961.83 Fund Inception Date 28/02/1991 Number of Issuers
More informationFranklin Natural Resources Fund A (acc) USD
Franklin Fund A (acc) USD Franklin Templeton Investment Funds Fund Manager Report Equity Product Details 1 Fund Assets $322,204,373.77 Fund Inception Date 12/07/2007 Number of Issuers 88 Bloomberg ISIN
More informationTempleton Asian Growth Fund A. A (Ydis) USD
Templeton Asian Growth Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $4,926,477,664.82 Fund Inception Date 04/16/1991 Number of Issuers
More informationFranklin MENA Fund A (acc) USD
Franklin Templeton Investment Funds Growth Equity Fund Manager Report Product Details 1 Fund Assets $97,294,995.20 Fund Inception Date 16.06.2008 Number of Issuers 46 Bloomberg ISIN Base Currency Investment
More informationTempleton Latin America Fund A (Ydis) USD
Templeton Latin America Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $969558829.19 Fund Inception Date 28/02/1991 Number of Issuers
More informationFranklin K2 Alternative Strategies Fund Advisor Class
Franklin K2 Alternative Strategies Fund Advisor Class Multi Strategy Alternatives Product Profile Product Details 1 Fund Assets $1,127,348,037.90 Fund Inception Date 10/11/2013 Number of Securities 1567
More informationTempleton Asian Growth Fund A. A (Ydis) USD
Templeton Asian Growth Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $4,711,861,226.99 Fund Inception Date 04/16/1991 Number of Issuers
More informationFIVE REASONS WHY INVESTORS BUY AND HOLD FRANKLIN INCOME FUND
FIVE REASONS WHY INVESTORS BUY AND HOLD FRANKLIN INCOME FUND ENOUGH SHAREHOLDERS TO FILL THE ROSE BOWL FOUR TIMES OVER Franklin Income Fund has been a popular choice among financial advisors and their
More informationTempleton BRIC Fund A (acc) USD
Franklin Templeton Investment Funds Value Equity Fund Manager Report Product Details 1 Fund Assets $832,597,433.81 Fund Inception Date 25/10/2005 Number of Issuers 50 Bloomberg ISIN Base Currency Investment
More informationTempleton Asian Growth Fund A (Ydis) USD
Templeton Asian Growth Fund A (Ydis) USD Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets $4,472,298,470.36 Fund Inception Date 16/04/1991 Number of Issuers
More informationFranklin Mutual Beacon Fund Class Z
Value Equity Product Profile Product Details 1 Fund Assets $3,849,216,767.95 Fund Inception Date 06/29/1962 Number of Issuers 58 NASDAQ Symbol Maximum Initial Sales Charge Investment Style Benchmark Lipper
More informationTempleton Euroland Fund A (acc) EUR
Templeton Euroland Fund A (acc) EUR Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets 565870786.10 Fund Inception Date 08/01/1999 Number of Issuers 58 Bloomberg
More informationFranklin Corefolio Allocation Fund. Class C
Franklin Corefolio Allocation Fund Class A, C Total Return Multi-Asset Product Profile Product Details Fund Assets $784,972,906.08 Fund Inception Date 08/15/2003 Investment Style Benchmark Lipper Classification
More informationTempleton Euroland Fund A (acc) EUR
Templeton Euroland Fund A (acc) EUR Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets 581,473,382.53 Fund Inception Date 08.01.1999 Number of Issuers 56
More informationTempleton Eastern Europe Fund A. A (acc) EUR
Templeton Eastern Europe Fund A (acc) EUR Franklin Templeton Investment Funds Fund Manager Report Value Equity Product Details 1 Fund Assets 326615602.78 Fund Inception Date 10/11/1997 Number of Issuers
More informationFranklin Balance Sheet Investment Fund Advisor Class
Franklin Balance Sheet Investment Fund Advisor Class Value Equity Product Profile Product Details 1 Fund Assets $958,595,570.25 Fund Inception Date 04/02/1990 Number of Issuers 66 NASDAQ Symbol FBSAX Maximum
More informationFranklin Templeton Investment Funds Franklin U.S. Equity Fund. Fund Manager Report
Franklin Templeton Investment Funds Franklin U.S. Equity Fund Equity LU0098860363 Fund Manager Report Fund Characteristics Base Currency USD Net Assets (USD) 581,420,716 Fund Inception Date 01.07.1999
More information