PRICE AND YTD RETURN As of 02/05/2016

NAV down $-0.06 $9.76
POP $10.19
YTD Total return at Nav -2.27%

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

Sales Charge

1 YEAR RETURN -9.88%
5 YEAR RETURN -0.48%
Since inception Inception: 12/03/2007 3.83%

KEY STATS

Investment Category International Fixed Income
Distributions Monthly
CUSIP 880 208 509
Fund Number 447
Inception Date Dec 03, 2007
Total Net Assets (all share classes) As of 01/31/2016 $387.2 (M)
Distribution Rate at NAV As of 02/05/2016 1.62%
30-Day Standardized yield As of 01/31/2016 (updated monthly)
w/ Waiver 3.15%
w/o Waiver 2.92%

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

Gross Expense Ratio 1.15%
Net Expense Ratio 1.01%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The fund invests predominantly in foreign (non-U.S.) bonds. Although the fund may buy bonds rated in any category, it focuses on investment grade bonds.

Strategy Statement

"The fund invests predominantly in foreign (non-U.S.) bonds. We invest in countries we believe bonds are underpriced and where we think country fundamentals offer potential for price appreciation."

Michael Hasenstab, Ph.D

Management

Michael Hasenstab, Ph.D

Michael Hasenstab, Ph.D

  • Joined Franklin Templeton in 1995
  • Managed Fund Since 2007
Sonal Desai, Ph.D

Sonal Desai, Ph.D

  • Joined Franklin Templeton in 2009
  • Managed Fund Since 2011

Overall Morningstar Rating As of 12/31/2015

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 12/31/2015

Years Ratings Funds
in category
3
2 Stars
323
5
2 Stars
243
10
Stars

Morningstar Style Box As of 09/30/2015

Strategy, Benefits, Results

Strategy

  • We seek current income with capital appreciation and growth of income, as well as to capitalize on fixed income opportunities outside of the United States.
  • We invest in countries that we believe have underpriced bonds and fundamentals with the potential for price appreciation.
  • Our assets are allocated based on the manager's assessment of changing market, political and economic conditions, and an in-depth evaluation of interest rates, exchange rates and credit risks.

Benefits

  • Portfolio Diversification. Adding foreign fixed income securities to a portfolio of domestic securities offers U.S. investors greater diversification and the potential for reduced volatility.
  • International Expertise. Our experienced and diverse team of investment professionals operate in strategic locations around the world.
  • Local Resources. We access the research resources and expertise of local managers and analysts in China, Korea, India, Brazil and the United Arab Emirates.

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.
  • Risks associated with higher-yielding, lower-rated securities include higher risk of default and loss of principal.
  • Bond prices generally move in the opposite direction of interest rates, thus the fund's share price may decline as the prices of bonds adjust to a rise in interest rates.
  • The Fund is a non-diversified fund. It may invest a greater portion of its assets in the securities of any one issuer and invest in a smaller number of issuers overall than a diversified fund.
  • These and other risk considerations are described 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.

You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.