To seek to maximise income and growth of capital (total return). The Fund mainly invests in equities of companies and corporate and government bonds from anywhere in the world, including Mainland China and other emerging markets.

• Seeking a combination of capital appreciation and a level of income.
• Seeking to access a portfolio of both equity and fixed income securities via a single fund.
• Planning to hold their investment for the medium to long term.

Strategy

• Integrated, Multi-Asset Approach to Value Creation. The equity and fixed income teams work closely together to structure portfolios that seek to optimize risk-reward and generate healthy total shareholder yield. The strategy’s approach to diversification seeks to identify the numerous ways that value is created in financial markets and to exploit synergies between asset classes and value exposures.
• Value-Oriented Stock Selection. We apply rigorous fundamental analysis to find stocks selling at large discounts to our assessment of their long-term intrinsic value. Dividend yield is also an important criterion because of the fund’s additional focus on income.
• High-Conviction, Unconstrained Global Bond Selection. On the fixed income side, we utilize a research-intensive, fundamentals-based approach that seeks to capitalize on temporary inefficiencies and capture long-term potential value across yield curves (interest rates), currencies, and credit spreads without being constrained by traditional global fixed income benchmarks.

Potential Benefits

• Global Expertise. The fund combines the global expertise and research resources of the Templeton Global Equity Group and Templeton Global Macro to offer an integrated, multi-asset investment strategy focused on long-term fundamental value. Close collaboration and aligned objectives between the investment teams seek to result in a dynamic portfolio.
• Global Diversification. The team’s global resources and regional market expertise provides the flexibility to adjust exposures across fluctuating market environments and all phases of the investment cycle.
• Professional, Dynamic Asset Allocation. Asset allocation decisions are a team effort that take into consideration asset class valuations, volatility levels and underlying fundamentals to search out appropriately balanced, high-conviction value portfolios. Depending on valuations and other factors, the investment team has the flexibility to adjust the allocation as necessary.

The Fund does not offer any capital guarantee or protection and you may not get back the amount invested.

• The Fund is subject to the following risks which are materially relevant:
  Chinese Market risk: In addition to typical risks linked to Emerging Markets, investments in China are subject to economic, political, tax and operational risks specific to the Chinese Market. Please also refer to the prospectus for China QFII risk, Bond Connect risk and Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect risk.
  Credit risk: the risk of loss arising from default that may occur if an issuer fails to make principal or interest payments when due. This risk is higher if the Fund holds low-rated, sub-investment-grade securities.
  Derivative Instruments risk: the risk of loss in an instrument where a small change in the value of the underlying investment may have a larger impact on the value of such instrument. Derivatives may involve additional liquidity, credit and counterparty risks.
  Emerging markets risk: the risk related to investing in countries that have less developed political, economic, legal and regulatory systems, and that may be impacted by political/economic instability, lack of liquidity or transparency, or safekeeping issues.
  Foreign Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations.
  Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.

Complete information on the risks of investing in the Fund are set out in the Fund's prospectus.