Templeton International Stock Fund II

Investment Objective and Strategy

The fund seeks to achieve long-term capital appreciation by investing primarily in equity securities of companies outside Canada and the United States. The fund may invest in any number of companies from one country or industry.

Reasons to Invest

A long history of successful fundamental stock selection. Ideal for investors seeking exposure to long-term investing across international markets, concentrating on high-conviction names filtered through a disciplined research process.

Bottom-up stock selection. Investment philosophy involves finding long-term value investing using a “bottom-up” approach to stock selection by looking for individual companies offering the best value — that is, stocks selling at prices that are low compared to Templeton’s assessment of their true worth.