Fund Description

The fund seeks to provide high current income consistent with preservation of capital. Capital appreciation over the long term is a secondary goal. The fund invests at least 80% of its assets in investment grade debt securities and investment and focuses on government and corporate debt securities and mortgage- and asset-backed securities.

Strategy Statement

"The fund was created to be a core fixed income holding, offering diversification across the fixed income universe and backed by the expertise of a world-class team of fixed income professionals. "

Management

Roger Bayston, CFA

Roger Bayston, CFA®

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 1998
Kent Burns, CFA

Kent Burns, CFA®

  • Joined Franklin Templeton in 1994
  • Managed Fund Since 1998
Christopher J. Molumphy, CFA

Christopher J. Molumphy, CFA®

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 1998
David Yuen, CFA

David Yuen, CFA®

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 2005
Michael Materasso

Michael Materasso

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 2008

Rating

Overall Morningstar Rating As of 04/30/2018

Rating Category: Intermediate-Term 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
1 Stars
863
5
2 Stars
783
10
2 Stars
560

Morningstar Style Box As of03/31/2018

Strategy, Benefits, Results

Strategy

  • Our multi-sector, fixed-income fund focuses on government and corporate debt securities, as well as mortgage- and asset-backed securities.
  • Our research-driven, value-oriented approach identifies bonds with the best prospects for income and capital appreciation.
  • We provide in-depth, fundamental analysis of each of the key fixed-income sectors within the context of a global economic outlook.

Benefits

  • Diversification. Broad diversification makes our fund attractive as a core fixed-income holding.
  • Global Fixed Income Expertise. Investors have full access to the research resources of the Franklin Templeton Fixed Income Group®.

Selling The Fund

  1. Highlight our ongoing adherence to stringent risk-management disciplines.
  2. Review how the investment process allows our team to take advantage of income and capital-appreciation opportunities.
  3. Discuss how the fund's multi-sector structure provides the flexibility to tap different areas of the fixed-income spectrum.

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