PRICE AND YTD RETURN As of 05/24/2016

NAV up $0.04 $11.30
POP $11.30
YTD Total return at Nav -0.42%

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

Sales Charge

1 YEAR RETURN -5.27%
5 YEAR RETURN 2.19%
Since inception Inception: 09/30/2008 7.52%

KEY STATS

Investment Category Multi Sector
Distributions Monthly
CUSIP 880 208 863
Fund Number 808
Inception Date Sep 30, 2008
Total Net Assets (all share classes) As of 04/30/2016 $6,117.2 (M)
Distribution Rate at NAV As of 05/24/2016 2.82%
30-Day Standardized yield As of 04/30/2016 (updated monthly)
w/ Waiver 5.64%
w/o Waiver 5.62%

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

Gross Expense Ratio 1.29%
Net Expense Ratio 1.28%
Max Initial Sales Charge 0.00%
CDSC 0.00%
12b-1 Fee 0.50%

Fund Description

Seeks total investment return consisting of a combination of interest income, capital appreciation, and currency gains. The fund's manager strategically allocates assets across fixed income markets around the world by tapping the expertise of the 100-plus investment professionals that compose the Franklin Templeton Fixed Income Group.

Strategy Statement

"The fund has a flexible strategy, investing in a broad opportunity set across geographic, sector, currency and credit opportunities to maximize income and total return potential for our shareholders."

Michael Hasenstab, Ph.D

Management

Michael Hasenstab, Ph.D

Michael Hasenstab, Ph.D

  • Joined Franklin Templeton in 1995
  • Managed Fund Since 2008
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
2 Stars
323
5
3 Stars
244
10
Stars

Morningstar Style Box As of 03/31/2016

Strategy, Benefits, Results

Strategy

  • We seek to generate total return through investment opportunities in currency, interest rate and credit markets.
  • Our multi-sector global bond fund is designed to capitalize on fixed income opportunities around the world.
  • We invest in fixed- and floating-rate bonds of corporations, governments and government-related issuers worldwide.
  • Our assets are allocated based on the manager's assessment of value across countries and sectors given changing market, political and economic conditions, as well as an in-depth evaluation of interest rates, exchange rates and credit risks.
  • Our portfolio management team taps the expertise of the 100-plus investment professionals that comprise the Franklin Templeton Fixed Income Group®.

Benefits

  • Flexible Mandate Expands Opportunity. We can invest in any country, currency or fixed income sector to take advantage of income and capital appreciation opportunities as they arise.
  • Global Expertise. In addition to the experts in our international bond department, we also leverage the broad expertise of the entire Franklin Templeton Fixed Income Group® and its global specialist teams covering every major sector of the fixed-income market.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • Investing in derivative securities, such as financial futures and option contracts, as well as our use of 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.

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