Fund Description

The fund seeks to provide a high level of current income. Its secondary goal is capital appreciation over the long term. The fund is a multi-sector income fund that invests primarily in U.S. and foreign debt securities.

Strategy Statement

"The fund's broad and flexible strategy provides exposure to domestic and international fixed income markets, allowing us to identify bonds with the best prospects for income and capital appreciation. "

Management

Christopher J. Molumphy, CFA

Christopher J. Molumphy, CFA®

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 1994
Roger Bayston, CFA

Roger Bayston, CFA®

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 2015
Patricia O'Connor, CFA

Patricia O'Connor, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2016

Rating

Overall Morningstar Rating As of 04/30/2018

Rating Category: Multisector Bond

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 04/30/2018

Years Ratings Funds
in category
3
2 Stars
251
5
2 Stars
203
10
3 Stars
122

Morningstar Style Box As of03/31/2018

Strategy, Benefits, Results

Strategy

  • Our multi-sector income fund invests in U.S. and foreign debt securities.
  • Our research-driven, value-oriented approach helps to identify bonds with the best prospects for income and capital appreciation.
  • We utilize the broad expertise of the 100+ members of the Franklin Templeton Fixed Income Group®.

Benefits

  • Investment Selection Flexibility. Ability to invest in multiple types of fixed income securities, focusing on the top investment ideas available within each sector.
  • Sector Allocation. Valuations of each key fixed income sector considered in combination with economic outlook to strategically allocate assets to the most opportune advantage.

Selling The Fund

  1. Discuss the extensive diversification benefits of the fund and its strong historical performance record.
  2. Mention our flexibility to implement "best of best" ideas from all major fixed-income sectors.
  3. Highlight our ongoing adherence to stringent risk-management disciplines.

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