As filed with the Securities and Exchange Commission on May 6, 2013
File Nos. 33-31267 and 811-05914
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No. |
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Post-Effective Amendment No. |
32 |
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and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. |
34 |
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TEMPLETON GLOBAL OPPORTUNITIES TRUST |
(Exact Name of Registrant as Specified in Charter) |
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300 S.E. 2nd Street, Fort Lauderdale, Florida 33301 |
(Address of Principal Executive Offices) (Zip Code) |
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Registrant's Telephone Number, Including Area Code (954) 527-7500 |
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CRAIG S. TYLE, ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906 |
(Name and Address of Agent for Service of Process) |
Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check appropriate box)
[X] |
immediately upon filing pursuant to paragraph (b) |
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on (date) pursuant to paragraph (b) |
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60 days after filing pursuant to paragraph (a)(1) |
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on (date) pursuant to paragraph (a)(1) of Rule 485 |
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75 days after filing pursuant to paragraph (a)(2) |
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on (date) pursuant to paragraph (a)(2) of rule 485 |
If appropriate, check the following box:
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This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Fort Lauderdale and the State of Florida, on the 3rd day of May, 2013.
TEMPLTEON GLOBAL OPPORTUNITIES TRUST
By: /s/LORI A. WEBER_______
Lori A. Weber,
Vice President and Secretary
Pursuant to the requirements of the Securities Act of 1933, this Registration Amendment has been signed below by the following persons in the capacities and on the dates indicated:
NORMAN J. BOERSMA* |
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President & Chief Executive Officer – |
Norman J. Boersma |
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Investment Management |
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Dated: May 3, 2013 |
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LAURA F. FERGERSON* |
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Chief Executive Officer – |
Laura F. Fergerson |
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Finance and Administration |
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Dated: May 3, 2013 |
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MARK H. OTANI* |
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Chief Financial Officer and |
Mark H. Otani |
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Chief Accounting Officer |
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Dated: May 3, 2013 |
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HARRIS J. ASHTON* |
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Trustee |
Harris J. Ashton |
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Dated: May 3, 2013 |
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ANN TORRE BATES* |
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Trustee |
Ann Torre Bates |
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Dated: May 3, 2013 |
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FRANK J. CROTHERS* |
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Trustee |
Frank J. Crothers |
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Dated: May 3, 2013 |
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EDITH E. HOLIDAY* |
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Trustee |
Edith E. Holiday |
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Dated: May 3, 2013 |
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CHARLES B. JOHNSON* |
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Trustee |
Charles B. Johnson |
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Dated: May 3, 2013 |
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RUPERT H. JOHNSON, JR.* |
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Trustee |
Rupert H. Johnson, Jr. |
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Dated: May 3, 2013 |
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J. MICHAEL LUTTIG* |
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Trustee |
J. Michael Luttig |
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Dated: May 3, 2013 |
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FRANK A. OLSON* |
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Trustee |
Frank A. Olson |
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Dated: May 3, 2013 |
CONSTANTINE D. TSERETOPOULOS* |
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Trustee |
Constantine D. Tseretopoulos |
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Dated: May 3, 2013 |
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LARRY D. THOMPSON* |
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Trustee |
Larry D. Thompson |
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Dated: May 3, 2013 |
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ROBERT E. WADE* |
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Trustee |
Robert E. Wade |
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Dated: May 3, 2013 |
*By /s/LORI A. WEBER______
Lori A. Weber, Attorney-in-Fact
(Pursuant to Power of Attorney previously filed)
Label | Element | Value | |||||||||
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Document Type | dei_DocumentType | 485BPOS | |||||||||
Document Period End Date | dei_DocumentPeriodEndDate | Dec. 31, 2012 | |||||||||
Registrant Name | dei_EntityRegistrantName | TEMPLETON GLOBAL OPPORTUNITIES TRUST | |||||||||
Central Index Key | dei_EntityCentralIndexKey | 0000856138 | |||||||||
Amendment Flag | dei_AmendmentFlag | false | |||||||||
Document Creation Date | dei_DocumentCreationDate | Apr. 26, 2013 | |||||||||
Document Effective Date | dei_DocumentEffectiveDate | May 01, 2013 | |||||||||
Prospectus Date | rr_ProspectusDate | May 01, 2013 | |||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Fund Summary | |||||||||
Templeton Global Opportunities Trust
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Goal | |||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | Long-term capital growth. | |||||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | |||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds. More information about these and other discounts is available from your financial professional and under “Your Account” on page 24 in the Fund's Prospectus and under “Buying and Selling Shares” on page 42 of the Fund’s Statement of Additional Information. | |||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | SHAREHOLDER FEES (fees paid directly from your investment) | |||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
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Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | |||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 20.13% of the average value of its portfolio. |
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Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 20.13% | |||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds. | |||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | |||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | |||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of the period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | If you do not sell your shares: | |||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | |||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal market conditions, the Fund invests at least 65% of its total assets in the equity securities of companies located anywhere in the world, including developing or emerging market countries. The equity securities in which the Fund invests are primarily common stocks. The Fund may invest up to 40% of its net assets in securities of issuers located in developing or emerging market countries. The Fund will invest its assets in issuers located in at least three different countries (including the United States). The Fund may invest in companies of any size, including smaller companies. The Fund also invests in American, European, and Global Depositary Receipts. The Fund may from time to time have significant investments in one or more countries and/or in particular industries or sectors, based on economic conditions. When choosing equity investments for the Fund, the investment manager applies a bottom-up, value-oriented, long-term approach, focusing on the market price of a companys securities relative to the investment managers evaluation of the companys long-term earnings, asset value and cash flow potential. The investment manager also considers a companys price/earnings ratio, profit margins and liquidation value. The investment manager may consider selling a security when it believes the security has become fully valued due to either its price appreciation or changes in the issuer's fundamentals, or when the investment manager believes another security is a more attractive investment opportunity. |
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Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration | Under normal market conditions, the Fund invests at least 65% of its total assets in the equity securities of companies located anywhere in the world, including developing or emerging market countries. | |||||||||
Risk [Heading] | rr_RiskHeading | Principal Risks | |||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | You could lose money by investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government. Market The market values of securities owned by the Fund will go up or down, sometimes rapidly or unpredictably. A securitys market value may be reduced by market activity or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all securities. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise. Stock prices tend to go up and down more dramatically than those of debt securities. A slower-growth or recessionary economic environment could have an adverse effect on the prices of the various stocks held by the Fund. Foreign Securities Investing in foreign securities typically involves more risks than investing in U.S. securities, and includes risks associated with: political and economic developments - the political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.; trading practices - government supervision and regulation of foreign securities and currency markets, trading systems and brokers may be less than in the U.S.; availability of information - foreign issuers may not be subject to the same disclosure, accounting and financial reporting standards and practices as U.S. issuers; limited markets - the securities of certain foreign issuers may be less liquid (harder to sell) and more volatile; and currency exchange rate fluctuations and policies. The risks of foreign investments may be greater in developing or emerging market countries. Developing Market Countries The Funds investments in developing market countries are subject to all of the risks of foreign investing generally, and have additional heightened risks due to a lack of established legal, political, business and social frameworks to support securities markets, including: delays in settling portfolio securities transactions; currency and capital controls; greater sensitivity to interest rate changes; pervasiveness of corruption and crime; currency exchange rate volatility; and inflation, deflation or currency devaluation. Smaller Companies Securities issued by smaller companies may be more volatile in price than those of larger companies, involve substantial risks and should be considered speculative. Such risks may include greater sensitivity to economic conditions, less certain growth prospects, lack of depth of management and funds for growth and development and limited or less developed product lines and markets. In addition, smaller companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations, or may have difficulty in repaying any loans. Value Style Investing A value stock may not increase in price as anticipated by the investment manager if other investors fail to recognize the company's value and bid up the price, the markets favor faster-growing companies, or the factors that the investment manager believes will increase the price of the security do not occur. Focus To the extent that the Fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments. Liquidity From time to time, the trading market for a particular security or type of security in which the Fund invests may become less liquid or even illiquid. Reduced liquidity will have an adverse impact on the Funds ability to sell such securities when necessary to meet the Funds liquidity needs or in response to a specific economic event and will also generally lower the value of a security. Market prices for such securities may be volatile. Management The Fund is subject to management risk because it is an actively managed investment portfolio. The Fund's investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results. |
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Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance | |||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. You can obtain updated performance information at franklintempleton.com or by calling (800) DIAL BEN/342-5236. Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance. | |||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | (800) DIAL BEN/342-5236 | |||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | franklintempleton.com | |||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. | |||||||||
Bar Chart [Heading] | rr_BarChartHeading | CLASS A ANNUAL TOTAL RETURNS | |||||||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. | |||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock |
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Performance Table Heading | rr_PerformanceTableHeading | AVERAGE ANNUAL TOTAL RETURNS For the periods ended December 31, 2012 |
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Performance Table Closing [Text Block] | rr_PerformanceTableClosingTextBlock | Historical performance for Advisor Class shares prior to their inception is based on the performance of Class A shares. Advisor Class performance has been adjusted to reflect differences in sales charges between classes. The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class A and after-tax returns for other classes will vary. |
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Templeton Global Opportunities Trust | MSCI All Country World Index
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 16.80% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | (0.61%) | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 8.66% | |||||||||
Templeton Global Opportunities Trust | Class A
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Maximum Cumulative Sales Charge (as a percentage of Offering Price) | rr_MaximumCumulativeSalesChargeOverOfferingPrice | 5.75% | |||||||||
Maximum Deferred Sales Charge (as a percentage of Offering Price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | |||||||||
Management Fees (as a percentage of Assets) | rr_ManagementFeesOverAssets | 0.75% | |||||||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | |||||||||
Other Expenses (as a percentage of Assets): | rr_OtherExpensesOverAssets | 0.35% | |||||||||
Expenses (as a percentage of Assets) | rr_ExpensesOverAssets | 1.35% | |||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 705 | |||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 978 | |||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,272 | |||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 2,105 | |||||||||
Annual Return 2003 | rr_AnnualReturn2003 | 36.74% | |||||||||
Annual Return 2004 | rr_AnnualReturn2004 | 16.55% | |||||||||
Annual Return 2005 | rr_AnnualReturn2005 | 12.63% | |||||||||
Annual Return 2006 | rr_AnnualReturn2006 | 27.87% | |||||||||
Annual Return 2007 | rr_AnnualReturn2007 | 17.44% | |||||||||
Annual Return 2008 | rr_AnnualReturn2008 | (42.54%) | |||||||||
Annual Return 2009 | rr_AnnualReturn2009 | 33.63% | |||||||||
Annual Return 2010 | rr_AnnualReturn2010 | 5.20% | |||||||||
Annual Return 2011 | rr_AnnualReturn2011 | (10.48%) | |||||||||
Annual Return 2012 | rr_AnnualReturn2012 | 22.27% | |||||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | As of March 31, 2013, the Fund's year-to-date return was 3.63%. | |||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best Quarter: | |||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Jun. 30, 2009 | |||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 23.17% | |||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst Quarter: | |||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2008 | |||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (21.83%) | |||||||||
Label | rr_AverageAnnualReturnLabel | Return Before Taxes | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 15.24% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | (3.59%) | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 8.43% | |||||||||
Templeton Global Opportunities Trust | Class A | After Taxes on Distributions
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 15.15% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | (3.73%) | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 8.18% | |||||||||
Templeton Global Opportunities Trust | Class A | After Taxes on Distributions and Sales
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 10.48% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | (2.89%) | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 7.60% | |||||||||
Templeton Global Opportunities Trust | Class C
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Maximum Cumulative Sales Charge (as a percentage of Offering Price) | rr_MaximumCumulativeSalesChargeOverOfferingPrice | none | |||||||||
Maximum Deferred Sales Charge (as a percentage of Offering Price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | |||||||||
Management Fees (as a percentage of Assets) | rr_ManagementFeesOverAssets | 0.75% | |||||||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | |||||||||
Other Expenses (as a percentage of Assets): | rr_OtherExpensesOverAssets | 0.35% | |||||||||
Expenses (as a percentage of Assets) | rr_ExpensesOverAssets | 2.10% | |||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 313 | |||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 658 | |||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,129 | |||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 2,431 | |||||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 213 | |||||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 658 | |||||||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,129 | |||||||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 2,431 | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 20.30% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | (3.17%) | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 8.25% | |||||||||
Templeton Global Opportunities Trust | Advisor Class
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Maximum Cumulative Sales Charge (as a percentage of Offering Price) | rr_MaximumCumulativeSalesChargeOverOfferingPrice | none | |||||||||
Maximum Deferred Sales Charge (as a percentage of Offering Price) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | |||||||||
Management Fees (as a percentage of Assets) | rr_ManagementFeesOverAssets | 0.75% | |||||||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||
Other Expenses (as a percentage of Assets): | rr_OtherExpensesOverAssets | 0.35% | |||||||||
Expenses (as a percentage of Assets) | rr_ExpensesOverAssets | 1.10% | |||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 112 | |||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 350 | |||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 606 | |||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,340 | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 22.53% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | (2.26%) | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 9.17% |