PRICE AND YTD RETURN As of 05/27/2016

NAV up $0.06 $11.35
POP $11.85
YTD Total return at Nav -0.75%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 03/31/2016

Sales Charge

1 YEAR RETURN -8.38%
5 YEAR RETURN 1.05%
10 YEAR RETURN 6.43%

KEY STATS

Investment Category Global Fixed Income
Distributions Monthly
CUSIP 880 208 103
Fund Number 406
Inception Date Sep 18, 1986
Total Net Assets (all share classes) As of 04/30/2016 $49,973.4 (M)
Distribution Rate at NAV As of 05/27/2016 2.11%
30-Day Standardized yield As of 04/30/2016 (updated monthly)
w/ Waiver 3.89%
w/o Waiver 3.85%

SALES CHARGE, EXPENSES, & FEES As of 01/01/2016 (updated annually)

Gross Expense Ratio 0.91%
Net Expense Ratio 0.89%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The Fund seeks current income, with capital appreciation and growth of income, by investing at least 80% of its net assets in bonds of governments and government agencies located anywhere in the world.

Strategy Statement

"We search the world for investment opportunities in currencies, interest rates and sovereign credit that can offer attractive potential returns and additional portfolio diversification. "

Michael Hasenstab, Ph.D

Management

Michael Hasenstab, Ph.D

Michael Hasenstab, Ph.D

  • Joined Franklin Templeton in 1995
  • Managed Fund Since 2001
Sonal Desai, Ph.D

Sonal Desai, Ph.D

  • Joined Franklin Templeton in 2009
  • Managed Fund Since 2011

Overall Morningstar Rating As of 04/30/2016

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 04/30/2016

Years Ratings Funds
in category
3
1 Stars
323
5
2 Stars
244
10
4 Stars
147

Morningstar Style Box As of 03/31/2016

Strategy, Benefits, Results

Strategy

  • Quantitative and qualitative analysis is supplemented with on-the-ground research, leveraging the resources of local analysts around the world to identify investment opportunities and risks that a solely U.S.-based manager might miss.
  • Research efforts focus on rigorous country analysis to identify economic imbalances leading to value opportunities in currencies, interest rates (duration) and sovereign credit.
  • We continually evaluate risk, shifting the risk budget based on relative attractiveness over the course of global economic and credit cycles.

Benefits

  • Geographic Diversification. The fund has a diversified portfolio by investing in any country or currency from around the world to find the best values for the portfolio.
  • Global Platform. Global and local experts provide extensive country analysis through multiple perspectives and lenses.
  • Experienced Management. Michael Hasenstab has managed the fund since 2001 and is backed by a large and experienced team of analysts around the world.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • The fund's use of derivatives and foreign currency techniques involve special risks as such techniques may not achieve the anticipated benefits and/or may result in losses to the fund.
  • The markets for particular securities or types of securities are or may become relatively illiquid. Reduced liquidity will have an adverse impact on the security's value and on the Fund's ability to sell such securities when necessary to meet the fund's liquidity needs or in response to a specific market event.
  • Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments.
  • 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.
  • Changes in interest rates will affect the value of the fund's portfolio and its share price and yield.
  • 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.
  • The fund is also non-diversified, which involves the risk of greater price fluctuation than a more diversified portfolio.
  • 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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