Benefits of investing in TGG

The differentiating characteristics of the Templeton style of investing are:

• Original research

• Global industry research focus

• Long-term investment horizon

• Adherence to time-tested investment philosophy and process

• Long-term record of superior performance.

About the Fund

Templeton Global Growth Fund Ltd (ASX:TGG) is a listed investment company (LIC) that provides easy and affordable access to a diversified portfolio of quality global companies with a track record spanning more than 30 years. It's a history and experience that few LICs can match.

The company is focused on increasing shareholders' total returns - including the delivery of regular, franked dividends, and to the extent possible, LIC capital gains. TGG also offers investors access to one of the lowest management cost global equity LICs in the market.

Templeton's long-term record of investment management performance is achieved by adherence to its time tested investment philosophy and process.

The Templeton equity investment approach focuses on long-term capital growth from a globally diversified portfolio of investment securities. Securities are selected for their potential earning power over the longer term which is significant.

Templeton adopts a buy and hold' investment philosophy, whereby securities are typically held for five years or more. This approach recognises that it takes patience and discipline to wait for investor interest to return to securities that were once out of favour.

Templeton are value investors which focuses on securities that are considered to be underpriced relative to their future earning potential. Undervalued equity securities are identified using a rigorous bottom up approach which focuses on a company's intrinsic strengths and weaknesses.

How we invest your money

Templeton's investment portfolio is structured in a manner which provides for prudent diversification. Although common equity stock are our primary form of investment, we seek opportunities in all forms of securities that are available in an open market.

There are no geographic limits on the allocation of the portfolio.

Templeton does not presently consider it appropriate to enter into any hedging transaction to protect the Australian dollar value of the portfolio against the decline arising from currency value fluctuations.

In summary, the Templeton investment approach is founded on three underlying tenets:

1. Value: Investment in undervalued securities with a focus on a stocks potential earning power of the long-term.
2. Patience: Long-term appreciation with a low turnover of the portfolio.
3. Bottom-up: Value can be identified through rigorous fundamental, bottom-up analysis.

Overseas investments are not hedged.