Fund Description

The fund seeks total investment return consisting of a combination of interest income, capital appreciation and currency gains. The fund primarily invests in fixed and floating-rate debt securities and debt obligations of governments, government-related or corporate issuers worldwide and regularly enters into various currency-related and other transactions involving derivative instruments.

Strategy Statement

"The fund has a flexible strategy, investing in a broad opportunity set across geographic, sector, currency and credit opportunities to maximize income and total return potential for our shareholders."

Michael Hasenstab, Ph.D

Management

Michael Hasenstab, Ph.D

Michael Hasenstab, Ph.D

  • Joined Franklin Templeton in 1995
  • Managed Fund Since 2008
Sonal Desai, Ph.D

Sonal Desai, Ph.D

  • Joined Franklin Templeton in 2009
  • Managed Fund Since 2011

Rating

Overall Morningstar Rating As of 10/31/2018

Rating Category: World 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 10/31/2018

Years Ratings Funds
in category
3
5 Stars
261
5
4 Stars
248
10
Stars

Morningstar Style Box

We do not publish a style box for this fund.

Strategy, Benefits, Results

Strategy

  • We seek to generate total return through investment opportunities in currency, interest rate and credit markets.
  • Our multi-sector global bond fund is designed to capitalize on fixed income opportunities around the world.
  • We invest in fixed- and floating-rate bonds of corporations, governments and government-related issuers worldwide.
  • Our assets are allocated based on the manager's assessment of value across countries and sectors given changing market, political and economic conditions, as well as an in-depth evaluation of interest rates, exchange rates and credit risks.
  • Our portfolio management team taps the expertise of the 100-plus investment professionals that comprise the Franklin Templeton Fixed Income Group®.

Benefits

  • Flexible Mandate Expands Opportunity. We can invest in any country, currency or fixed income sector to take advantage of income and capital appreciation opportunities as they arise.
  • Global Expertise. In addition to the experts in our international bond department, we also leverage the broad expertise of the entire Franklin Templeton Fixed Income Group® and its global specialist teams covering every major sector of the fixed-income market.

Selling The Fund

  1. Emphasize the extensive research resources and global expertise of the investment team.
  2. Explain how the fund's extensive geographic diversification provides access to investments that would be difficult for an investor to access on their own.

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