Investment objective & strategy
As of Dec. 23, 2025 · prospectusObjective. Long-term capital growth.
Strategy. Under normal market conditions, the Fund invests at least 80% of its net assets in foreign securities. These securities are predominantly equity securities of companies located outside the U.S., including developing markets. The equity securities in which the Fund invests are predominantly common stock, and may include small and mid capitalization companies. Although the investment manager will search for investments across a large number of regions, countries and sectors, from time to time, based on economic conditions, the Fund may have significant positions in particular countries, regions or sectors. When choosing equity investments for the Fund, the investment manager applies a bottom-up, value-oriented, long-term approach, focusing on the market price of a companys securities relative to the investment managers evaluation … Under normal market conditions, the Fund invests at least 80% of its net assets in foreign securities. These securities are predominantly equity securities of companies located outside the U.S., including developing markets. The equity securities in which the Fund invests are predominantly common stock, and may include small and mid capitalization companies. Although the investment manager will search for investments across a large number of regions, countries and sectors, from time to time, based on economic conditions, the Fund may have significant positions in particular countries, regions or sectors. When choosing equity investments for the Fund, the investment manager applies a bottom-up, value-oriented, long-term approach, focusing on the market price of a companys securities relative to the investment managers evaluation of the companys long-term earnings, asset value and cash flow potential. The investment manager also considers a companys price/earnings ratio, price/cash flow ratio, profit margins and liquidation value. The investment manager may consider selling an equity security when it believes the security has become overvalued due to either its price appreciation or changes in the company's fundamentals, or when the investment manager believes another security is a more attractive investment opportunity.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $140.87M | 5.26% |
| CARREFOUR SA | — | $112.66M | 4.21% |
| SSE PLC | — | $108.90M | 4.07% |
| SAMSUNG ELECTRONICS CO LTD | — | $102.06M | 3.81% |
| ASTRAZENECA PLC | — | $97.19M | 3.63% |
| CNH INDUSTRIAL NV | — | $88.90M | 3.32% |
| BP PLC | — | $87.03M | 3.25% |
| MYR/USD FORWARD | N/A | $85.00M | 3.17% |
| UNILEVER PLC | — | $83.78M | 3.13% |
| HDFC BANK LTD | — | $82.88M | 3.09% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Templeton Foreign VIP Fund | 58% | 0.81% |
| International Equity Series · TFEQX, TFESX | 52% | 0.98% |
| Templeton International Insights ETF | 44% | 0.55% |
Advisers
| Firm | Role |
|---|---|
| Templeton Global Advisors Limited | Adviser |
Footnotes
- Expense ratio as of December 23, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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