Templeton Institutional Fund International Equity Series Service Shares
TFESX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 300 S.e. 2nd Street Fort Lauderdale FL United States of America 33301-1923
- IPO Date
- Sep 18, 2006
- CIK
- 0000865722
- Website
- franklintempleton.com
- Similar Companies
- Business
- Templeton Institutional Fund International Equity Series Service Shares (TFESX) is an open-end mutual fund that seeks long-term capital growth by investing at least 80% of its net assets in foreign (non-U.S.) equity securities of companies located in developed and emerging markets worldwide; it employs a fundamental valuation framework to construct resilient, stock-driven portfolios focused on large-cap blend stocks in the foreign large value category, with current allocations emphasizing sectors such as banks, capital goods, pharmaceuticals, materials, and energy, alongside geographic exposure primarily to Europe, Asia Pacific, and emerging markets. The fund, part of the Templeton Institutional Fund family managed by Franklin Templeton, holds approximately 50-51 issuers with a focus on companies exhibiting attractive price-to-book, price-to-cash-flow, and price-to-earnings ratios relative to the MSCI All Country World ex US Index benchmark; it targets institutional investors, provides daily liquidity, and maintains assets under management of around $60 million, with a portfolio featuring about 92% equities and 8% cash equivalents across market capitalizations dominated by mega-cap firms exceeding $50 billion. Launched in September 2006 and domiciled in the United States, TFESX is managed by a team led by Peter Nori (since 1999), alongside Matthew Nagle (since 2018) and Heather Abdinoor (since 2022), all based in Florida; the fund considers environmental, social, and governance (ESG) criteria in its research process without making them determinative for security selection. Franklin Templeton, the parent firm founded in 1947 and headquartered in San Mateo, California, operates globally with over $1.6 trillion in assets under management across public and private markets, serving institutional, retail, and sovereign wealth clients. Recent major developments include Franklin Templeton's completion of the acquisition of Apera Asset Management in October 2025, bolstering its private credit capabilities and increasing alternative assets under management to approximately $270 billion; extension of Putnam Investments' capabilities to international clients following its 2024 acquisition; and strategic partnerships such as with Wand AI in October 2025 to advance AI in asset management, alongside launches of new active ETF strategies. No specific changes, such as manager shifts or reorganizations, were reported for TFESX itself in the last 1-2 years.