Templeton Mutual Funds
If you need to know about Templeton mutual funds, you’ve come to the right place. Templeton Investments had a long history in the investment community independently before merging with Franklin Investments to become Franklin Templeton Investments. Known worldwide for their investment approach, Templeton mutual funds are prominent in the marketplace.
Sir John Templeton created Templeton Investments in 1954 with the Templeton Growth Fund, which specialized in investing internationally. Money magazine called Templeton “arguably the greatest global stock picker of the century.” Templeton sold his fund family in 1992 to the Franklin Group for $440 million.
Sir John Templeton’s approach to picking international stocks, still followed by Templeton managers today, focuses on looking in places for value where others are not. Templeton funds will attempt investments in countries that the rest of the mutual fund community avoids. They look for companies that go largely unnoticed. Templeton called this approach to purchasing at the bottom, buying at “points of maximum pessimism.”
Templeton mutual funds charge management fees internally, as do all other mutual funds. Funds also have sales charges which vary depending on the fund letter. Funds with designation of “A share” are available to purchase with a sales charge, which varies depending on the type of fund and amount of money invested. Funds with the “B share” designation are assigned an additional management expense internally, and funds also have a contingent-deferred sales charge if sold within the first six years. B-share funds may be exchanged for other Templeton or Franklin funds generally without a sales charge. “C-share” designated funds have no purchase fee and no fee to sell after a short period of time—generally one year—but carry an additional internal management expense for the life of the fund. Most Templeton mutual funds are offered as A, B, or C shares to individual investors, so purchasers may choose the fee structure most appropriate for their needs. Sometimes A share funds are available without front fee through brokerage wrap products, in which investors have sales charges waived in exchange for a level fee based on the entire portfolio amount.
Templeton Funds are offered through advisory channels, meaning that most purchases occur through a financial advisor, broker, or other registered individual. Franklin Templeton employees a worldwide sales force to service the investment community. This group shares investment strategy for Templeton funds, educates advisors about the funds, and markets the funds to advisors, brokers, and agents. Funds are also available through popular do-it-yourself brokerage firms, but still retain their brokerage fee structure.