17-Mar-2020: The 13-March-2020 pre-tax NTA for TGG (the Templeton Global Growth Fund LIC, which is actually a value fund, not a growth fund) was $1.276, well down from their pre-tax NTA of $1.422 one week earlier. They also went ex-div for a fully franked 2c dividend during that week, which adds to the drop. They do hold BP and Royal Dutch Shell (two of the world's 4 largest oil and gas companies) as two of their top 10 positions, and those two would have been smashed. TGG are trading today at $1.05, so the NTA-discount is significant. Time to get back onboard? They are also not as exposed to the USA as many global funds are, as they have seen more value in Europe in recent years. They also pay good dividends, having a reasonable profit reserve built up years back when they had better performance than what they have exhibited over more recent years. Update: 16-Sep-2020: Weekly Estimated Net Tangible Assets (“NTA”) – Unaudited - Before Tax on 11th September 2020 was $1.369. [not holding TGG] Update: 17-Mar-2021: Weekly Estimated Net Tangible Assets (“NTA”) – Unaudited - Before Tax on 12 March 2021 was $1.601. [still not holding TGG]