Beginning on 10/19/18, Class C shares held for 10 years or more will automatically convert to Class A shares. Thereafter, Class C shares held for 10 years or more will automatically convert to Class A shares on a monthly basis. This conversion allows shareholders to take advantage of the lower expenses offered by Class A shares. Please see the prospectus supplement for more information. If you have any questions, please contact your financial professional or call Franklin Templeton.
Effective 9/10/18, certain sales charges and commissions paid to dealers on Class A and A1 shares of our mutual funds changed. Please see the prospectus supplement for more information. If you have additional questions, please contact your financial professional or call Franklin Templeton.
The fund seeks a high level of current income and, secondarily, preservation of capital, by investing predominantly in floating interest rate senior-secured corporate loans (floating-rate loans) and corporate debt securities.
Investment Philosophy
We believe that independent credit research and active portfolio management can achieve competitive levels of floating rate income, while significantly reducing uncompensated credit risk and principal volatility, for those investors desiring a portfolio of below investment grade senior secured floating rate bank debt. Our core portfolios are primarily managed to generate attractive levels of income while seeking to minimize default risk, and as such, do not explicitly seek price appreciation at the expense of high default exposure.
Investment Process
Fundamental Analysis
Disciplined Approach
Risk Management
Integrated Research Approach
The Franklin Templeton Floating Rate Debt Group leverages the insights of other fixed income and equity professionals throughout the firm.
Table Legend
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Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.