PRICE AND YTD RETURN As of 07/27/2016

NAV up $0.02 $9.99
POP $10.43
YTD Total return at Nav 5.09%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 06/30/2016

Sales Charge

1 YEAR RETURN -1.25%
10 YEAR RETURN 4.57%


Investment Category Multi Sector
Distributions Monthly
CUSIP 353 612 856
Fund Number 460
Inception Date Aug 03, 1998
Total Net Assets (all share classes) As of 06/30/2016 $4,921.1 (M)
Distribution Rate at NAV As of 07/27/2016 0.51%
30-Day Standardized yield As of 06/30/2016 (updated monthly)
w/ Waiver 1.87%
w/o Waiver 1.81%

SALES CHARGE, EXPENSES, & FEES As of 03/01/2016 (updated annually)

Gross Expense Ratio 0.94%
Net Expense Ratio 0.91%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The Fund invests at least 80% of its assets in investment grade debt securities and financial futures contracts, or options on such contracts, on U.S. Treasury securities.

Strategy Statement

"The fund was created to be a core fixed income holding, offering diversification across the fixed income universe and backed by the expertise of a world-class team of fixed income professionals. "

Roger Bayston, CFA®, MBA


Roger Bayston, CFA, MBA

Roger Bayston, CFA®, MBA

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 1998
Kent Burns, CFA, MBA

Kent Burns, CFA®, MBA

  • Joined Franklin Templeton in 1994
  • Managed Fund Since 1998
Chris Molumphy, CFA, MBA

Chris Molumphy, CFA®, MBA

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 1998
David Yuen, CFA, MBA, FRM, CPA

David Yuen, CFA®, MBA, FRM, CPA

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 2005
Michael Materasso

Michael Materasso

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 2008

Overall Morningstar Rating As of 06/30/2016

Rating Category: Intermediate-Term Bond

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 06/30/2016

Years Ratings Funds
in category
1 Stars
2 Stars
2 Stars

Morningstar Style Box As of 03/31/2016

Strategy, Benefits, Results


  • Our multi-sector, fixed-income fund focuses on government and corporate debt securities, as well as mortgage- and asset-backed securities.
  • Our research-driven, value-oriented approach identifies bonds with the best prospects for income and capital appreciation.
  • We provide in-depth, fundamental analysis of each of the key fixed-income sectors within the context of a global economic outlook.


  • Diversification. Broad diversification makes our fund attractive as a core fixed-income holding.
  • Global Fixed Income Expertise. Investors have full access to the research resources of the Franklin Templeton Fixed Income Group®.

Investing In The Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Interest rate movements and mortgage prepayments will affect the fund’s share price and yield.
  • As the prices of bonds in the fund adjust to a rise in interest rates, the fund’s share price may decline.
  • Investments in derivative securities, such as financial futures and option contracts, involve special risks as such may not achieve the anticipated benefits and/or may result in losses to the fund.
  • Risks associated with higher-yielding, lower-rated securities (junk bonds) include higher risk of default and loss of principal.
  • Investments in foreign securities involve risks such as currency fluctuations, and political and economic uncertainty.
  • These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment


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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