PRICE AND YTD RETURN As of 02/05/2016

NAV down $-0.02 $8.98
POP $9.38
YTD Total return at Nav -1.51%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 12/31/2015

Sales Charge

1 YEAR RETURN -8.30%
5 YEAR RETURN 2.10%
10 YEAR RETURN 4.65%

KEY STATS

Investment Category Multi Sector
Distributions Monthly
CUSIP 354 713 505
Fund Number 194
Inception Date May 24, 1994
Total Net Assets (all share classes) As of 01/31/2016 $7,498.9 (M)
Distribution Rate at NAV As of 02/05/2016 4.84%
30-Day Standardized yield As of 01/31/2016 (updated monthly)
w/ Waiver 5.05%
w/o Waiver 4.99%

SALES CHARGE, EXPENSES, & FEES As of 09/01/2015 (updated annually)

Gross Expense Ratio 0.87%
Net Expense Ratio 0.86%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The Fund invests at least 65% of its assets 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

Chris Molumphy, CFA, MBA

Chris Molumphy, CFA®, MBA

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

Roger Bayston, CFA®, MBA

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

Patricia O'Connor, CFA®, MBA, FRM, CPA

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2016

Overall Morningstar Rating As of 12/31/2015

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 12/31/2015

Years Ratings Funds
in category
3
1 Stars
226
5
2 Stars
171
10
3 Stars
102

Morningstar Style Box As of 09/30/2015

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.

Investing In The Fund

All investments involve risks, including possible loss of principal. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund’s share price may decline. Changes in the financial strength of a bond issuer or in a bond’s credit rating may affect its value. High yields reflect the higher credit risks associated with certain lower-rated securities held in the portfolio. Floating-rate loans and high-yield corporate bonds are rated below investment grade and are subject to greater risk of default, which could result in loss of principal—a risk that may be heightened in a slowing economy. The risks of foreign securities include currency fluctuations and political uncertainty. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. Investing in derivative securities and the use of foreign currency techniques involve special risks as such may not achieve the anticipated benefits and/or may result in losses to the fund. These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment

$1,000.00

How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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