This fund paid a supplemental income distribution of $0.0412 per share on 12/31/19, in addition to its regular monthly distribution. This supplemental distribution was paid to meet the distribution requirements for regulated investment companies and is anticipated to be considered a dividend for tax purposes. Fund distributions will vary depending upon current market conditions, and past distributions are not indicative of future trends. If you have any questions, please contact your financial professional or Shareholder Services.
Effective 3/1/19, the maximum initial sales charge for purchases of less than $100,000 of Franklin Templeton’s long-term fixed income funds (Class A and A1 shares) was lowered to 3.75%. Please see the prospectus supplement for more information. If you have any questions, please contact your financial professional or call Shareholder Services.
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 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.
Table Legend
Historical Style | High | Quality | ||
---|---|---|---|---|
Historical Style Current Style | Historical Style | Medium | ||
Historical Style | Low | |||
Ltd | Mod | Ext | ||
Duration |
What Are the Risks?
Speak with your financial professional about whether this fund is appropriate for you.
Learn more from FINRA about How to Find and Work with an Investment Professional.
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.