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FUND FACTSFranklin Templeton Investments Corp.
Templeton Growth Fund, Ltd. — Series PF June 6, 2017
This document contains key information you should know about Templeton Growth Fund, Ltd.. You can find more detailed information in the fund’s simplified prospectus. Askyour representative for a copy, contact Franklin Templeton Investments Corp. (Franklin Templeton) at 1.800.387.0830 or [email protected] or visitwww.franklintempleton.ca.
Before you invest in any fund, consider how it would work with your other investments and your tolerance for risk.Before you invest in any fund, consider how it would work with your other investments and your tolerance for risk.Before you invest in any fund, consider how it would work with your other investments and your tolerance for risk.Before you invest in any fund, consider how it would work with your other investments and your tolerance for risk.
Quick facts
Fund codes: CAD: TML3817USD: TML3818
Date series started: June 15, 2015Total value of the fund on April 30, 2017: $1.6 billionManagement expense ratio (MER): 1.06%
Fund manager: Franklin Templeton Investments Corp.Portfolio manager(s): Franklin Templeton Investments Corp.Sub-advisor: Templeton Global Advisors LimitedMinimum investment: $100,000 initial§, PACs no minimum
§ Except for certain managed accounts
What does the fund invest in?The fund invests primarily in equity securities of companies around the world using Templeton’s value investing style and may also invest in fixed income securities ofgovernments or companies of any country.
The charts below give you a snapshot of the fund’s investments on April 30, 2017. The fund’s investments will change.
Top 10 investments (April 30, 2017)
1. Cash and cash equivalents 5.40%2. Apple Inc. 2.83%3. Samsung Electronics Co. Ltd. 2.75%4. Oracle Corp. 2.21%5. Comcast Corp., A 2.17%6. Microsoft Corp. 2.10%7. BNP Paribas SA 2.02%8. Alphabet Inc., A 1.94%9. JPMorgan Chase & Co. 1.91%10. BP PLC 1.73%
Total percentage of top 10 Investments 25.06%
Total number of investments 100
Investment mix (April 30, 2017)
Regional
Europe 37.68%North America 34.96%Asia 20.78%Middle East & Africa 1.02%
How risky is it?The value of the fund can go down as well as up. You could lose money. One way to gauge risk is to look at how much a fund’s returns change over time. This is called“volatility”.
In general, funds with higher volatility will have returns that change more over time. They typically have a greater chance of losing money and may have a greater chance ofhigher returns. Funds with lower volatility tend to have returns that change less over time. They typically have lower returns and may have a lower chance of losing money.
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Templeton Growth Fund, Ltd. — Series PF June 6, 2017
Risk ratingFranklin Templeton has rated the volatility of this fund as medium.
This rating is based on how much the fund’s returns have changed from year to year. It doesn’t tell you how volatile the fund will be in the future. The rating can change overtime. A fund with a low risk rating can still lose money.
Low Low to Medium Medium Medium to High High
For more information about the risk rating and specific risks that can affect the fund’s returns, see the Investment risk classification methodology section of the fund’ssimplified prospectus.
No guaranteesLike most mutual funds, this fund doesn’t have any guarantees. You may not get back the amount of money you invest.
How has the fund performed?This section tells you how Series PF shares of the fund have performed over the past year. Returns are after expenses have been deducted. These expenses reduce the series’returns.
YEAR-BY-YEAR RETURNS
This chart shows how Series PF shares of the fund have performed in the past year. The series did not drop in value in the past year. The range of returns and change fromyear to year can help you assess how risky the fund has been in the past. It does not tell you how the fund will perform in the future.
4.5%
0%
1%
2%
3%
4%
5%
6%
2016
BEST and WORST 3-MONTH RETURNS
This table shows the best and worst returns for Series PF shares of the fund in a 3-month period over the past year. The best and worst 3-month returns could be higher orlower in the future. Consider how much of a loss you could afford to take in a short period of time.
Return 3 months ended If you invested $1,000 at the beginning of the period
Best return 9.5% April 30, 2017 Your investment would rise to $1,095.
Worst return -10.4% February 29, 2016 Your investment would drop to $896.
AVERAGE RETURN
The annual compounded return of Series PF shares of the fund was 8.63% since inception. If you had invested $1,000 in the fund since inception, your investment would benow worth $1,168.
Who is this fund for?Investors who:
• want a well-diversified core global equity fund• invest for a medium to long term• can handle the ups and downs of the stock market
This fund is focused on capital appreciation. It is not intended for investors who need a steady source of income fromtheir investment.
This series is also available in U.S. dollars.
Series PF shares are only available to investors approved by Franklin Templeton for whom Franklin Templeton does notincur distribution costs.
A word about taxIn general, you pay income tax on your share ofthe fund’s earnings and on any gains you realizefrom redeeming your investment. The amount oftax depends on the tax rules and rates thatapply to you, and whether you hold the fund in aregistered plan, such as an RRSP or TFSA.
If you hold the fund in a non-registered account,we send a tax slip that shows your share of thefund’s earnings. You must calculate your gainson redemption.
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Templeton Growth Fund, Ltd. — Series PF June 6, 2017
How much does it cost?The following tables show the fees and expenses you could pay to buy, own and sell Series PF shares of the fund. The fees and expenses – including any commissions – canvary among series of a fund and among funds. Higher commissions can influence representatives to recommend one investment over another. Ask about other funds andinvestments that may be suitable for you at a lower cost.
1. SALES CHARGES
There are no sales charges for Series PF shares of the fund.
2. FUND EXPENSES
You don’t pay these expenses directly. They affect you because they reduce the series’ returns. As of April 30, 2017, the expenses of Series PF were 1.14% of the value of thisseries. This equals $11.40 for every $1,000 invested.
Annual rate(as a % of the series’ value)
Management expense ratio (MER)This is the total of the management fee (including trailing commission), fixed administrationfee and any operating expenses not covered by the fixed administration fee.
1.06%
Trading expense ratio (TER)These are the fund's trading costs for this series.
0.08%
Series Expenses 1.14%
More about the trailing commission
No trailing commission is paid by Franklin Templeton to your representative’s firm in respect of Series PF shares. Please see "Representative's Firm Fees" below.
3. OTHER FEES
You may have to pay other fees when you buy, hold, sell or switch shares of the fund.
Fee What you pay
Representative's Firm Fees No trailing commission is paid by Franklin Templeton to your representative's firm in respect of this series. Instead, you mayneed to enter an agreement to pay your representative's firm a fee, which you negotiate with, and pay directly to yourrepresentative's firm.
Switch fee Up to 2% of the value of the switched shares. You negotiate this amount with, and pay it to, your representative's firm. A switchfrom Series PF shares of the fund to Series PF securities of another fund will not be subject to switch fees. Your representative'sfirm may charge you a switch fee for switches from Series PF to any other series.
What if I change my mind?Under the securities law in some provinces and territories, you have the right to:
• withdraw from an agreement to buy mutual fund shares within two businessdays after you receive a simplified prospectus or Fund Facts document, or
• cancel your purchase within 48 hours after you receive confirmation of thepurchase.
In some provinces and territories, you will also have the right to cancel apurchase, or in some jurisdictions, claim damages, if the simplified prospectus,annual information form, Fund Facts document or financial statements contain amisrepresentation. You must act within the time limit set by the securities law inyour province or territory.
For more information, see the securities law of your province or territory or ask alawyer.
For more informationContact Franklin Templeton or your representative for a copy of the fund’ssimplified prospectus and other disclosure documents. These documents and theFund Facts make up the fund’s legal documents.
Franklin Templeton Investments Corp.5000 Yonge Street, Suite 900Toronto, ON M2N 0A7Client Services Toll-Free: 1.800.387.0830Email: [email protected]
To learn more about investing in mutual funds, see the brochure UnderstandingUnderstandingUnderstandingUnderstandingmutual fundsmutual fundsmutual fundsmutual funds, which is available on the website of the Canadian SecuritiesAdministrators at www.securities-administrators.cawww.securities-administrators.cawww.securities-administrators.cawww.securities-administrators.ca.
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