Fund Rationale: Templeton Shariah Global Equity Fund

Templeton Shariah Global Equity Fund (the “Fund”)
SGD Retail Class A Accumulation Shares (ISIN: LU0889566641)
Fund Manager Page
Daily Price & Charts

SGD Retail Class AS Accumulation Shares (ISIN: LU1267930813)
Fund Manager Page
Daily Price & Charts

Endowus have selected the Fund as it offers both Cash/SRS and CPF investors the opportunity to invest in a diverse portfolio of Shariah-compliant companies globally.


Key Information

Fund Objective: Seeks long-term capital growth by investing primarily in Shariah-compliant equity securities of companies of any nation, including Emerging Markets.

Suitability: Investors who seek capital appreciation by investing in undervalued securities in a well-diversified global equity fund, seek investment in Shariah-compliant securities, and plan to hold their investment for the medium to long term.

The Class AS Shares is on the CPF Investment Scheme - List A Fund, and is included under the CPF Investment Scheme for Ordinary Account. It has been classified by the CPF Board under the risk classification of “Higher Risk / Broadly Diversified.”

Cost (Class A, Cash/SRS):
* Total Fund-level Fees include fund management fee of 1.50%.
** Endowus do not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee.

Cost (Class AS, CPF):
* Total Fund-level Fees include fund management fee of 1.40%.
** Endowus do not charge a preliminary sales charge or any other additional fees, other than the all-in Endowus Access Fee.

Fund Characteristics

Fund Inception: 10 September 2012
Share Class Inception: 25 March 2013 (Class A), 19 October 2015 (Class AS)
Benchmark: MSCI All Country World Islamic Index

Fund AUM: SGD 116m
Source: MorningStar as of 30 April 2021. Please refer to the FMC page for the most updated AUM.

Regional Allocation:

Sector Allocation:

Source: MorningStar as of 30 April 2021. Allocation data indicate actual exposure as a percentage of the Fund's total Net Asset Value. Please refer to the Fund Manager Page for the most updated information on Fund Holdings and Breakdown.

Selection Criteria

Endowus have selected the Templeton Shariah Global Equity Fund as it offers investors exposure to a diverse portfolio of equities that possess attractive investment opportunities, and are Shariah-compliant. The Fund adopts a stringent approach to ensure the adherence to internationally-accepted Shariah principles and standards, by not only leveraging on best-in-class technology to scrutinise the detailed financial and business activities of each company, but also by obtaining an independent endorsement and monitoring from the Amanie Shariah Supervisory Board, a global Shariah advisory firm recognised for their deep understanding of Islamic Finance. The process is only supplemented by Franklin Templeton’s global approach to investing committed to identifying undervalued companies with no constraints to sector or geography; as a result, the portfolio consists of a diverse basket of Shariah-compliant securities that are believed to deliver long-term value.

Additionally, the Fund is the only Shariah-compliant fund available to Singapore-based retail investors utilising both Cash/SRS and CPF sources, and are led by managers Alan Chua and Peter Sartori, with an average industry experience of more than 30 years. As Shariah investment principles effectively exclude non-ethical businesses, the Fund can also be seen as an ESG fund with a strict negative screening process.

Updated by Endowus: June 2021

**Disclaimer: All content found on this page is for information purposes only and should not be considered as an offer, solicitation or advice for the purchase or sale of any investment products. It is recommended that you seek financial advice as to the suitability of any investment. Whilst Pte. Ltd. (“Endowus”) has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies or typographical errors. Any opinion or estimate above is made on a general basis and none of Endowus, nor any of its affiliates, representatives or agents have given any consideration to nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Opinions expressed herein are subject to change without notice.

Investment involves risk. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Past performance is not an indicator nor a guarantee of future performance. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

Please note that the above information does not purport to be all-inclusive or to contain all the information that you may need in order to make an informed decision. The information contained herein is not intended, and should not be construed, as legal, tax, regulatory, accounting or financial advice.