Franklin Innovation Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund seeks capital appreciation by investing primarily in companies which portfolio management believes are leaders in innovation, that take advantage of new technologies, new products, new ideas, new methodologies or benefit from new industry conditions in the dynamically changing global economy.

  • Access to the US Market. The Fund can invest in companies located anywhere in the world, but has traditionally sourced a substantial part of its portfolio from companies located in the US. We consider the Fund to be a diversified US Growth Equity strategy.
  • High-Growth Positioning. The portfolio is often distinguished by higher estimated long-term earnings growth relative to major US Equity benchmarks, aiming to provide exposure to pockets of growth and dynamic technology that the index may not.
  • Thematic Exposure. Currently, we have identified five innovation themes to anchor our portfolio: Global E-Commerce, Genetic Breakthroughs, Intelligent Machines, New Finance and Exponential Data. We seek to look beyond macroeconomic indicators and short-term company fundamentals, and instead harness the potential wealth creation power of these innovations and others over a long-term investment horizon.

  • A Proven Investment Process. This Fund's strategy has focused on investing in “Dynamic Technology” since 1968.
  • Advantaged Location. The portfolio managers and investment team are in Silicon Valley, California - at the center of a network of industry, finance, academic and other contacts dedicated to world-leading innovation.

FUND MANAGERS

Matthew Moberg

  • California, United States
  • Years With Firm: 20
  • Years Of Experience: 22

What are the Key Risks?

The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.

  • The Fund invests mainly in equity securities of companies that are leaders of innovation, in the estimation of the manager. Such securities have historically been subject to significant price movements that may occur suddenly due to market or company-specific factors. As a result, the performance of the Fund can fluctuate significantly over relatively short time periods.
  • Other significant risks include: concentration risk, currency risk, equity risk.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.