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Templeton Constrained Bond Fund

Fund Category: Fixed IncomeGo to Prices & Performance page
showing this category of funds.

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Symbol
CUSIP 880 208 111
Fund Number 921
Inception Date1 Sep 20, 2013
Distributions Monthly
Total Net Assets
(all share classes)
As of 03/31/2014
$10.0
(millions)

As of  04/17/2014

NAV2 $10.04  
NAV Change $0.01  
POP3 $10.49  
YTD Total Return at NAV 0.60%
Distribution Rate at NAV 1.45%
30-day Standardized Yield4,5
As of 03/31/2014 (updated monthly)
1.11%

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr
5 Yrs
10 Yrs
Life -2.96% 1.31%

Expense Ratio and Sales Charge As of 01/01/2014 (updated annually)

Gross Expense Ratio6 3.26%
Net Expense Ratio 0.85%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

Strategy Statement
Portfolio Managers
Sonal Desai, Ph.D.
"The Templeton Constrained Bond Fund provides broad exposure to global government fixed income markets with an emphasis on investment grade sovereign debt."

Strategy, Benefits

Strategy

  • Seeks to identify long-term opportunities and to exploit short-term market inefficiencies through top down allocation decisions and bottom-up security selection.
  • Qualitative and quantitative analysis seeks to identify and evaluate the factors that provide opportunities to add value.
  • Seeks to manage volatility through diversification and focus on investment grade sovereign debt while hedging a large portion of the portfolio back to the U.S. dollar.

Benefits

  • Geographic Diversification. Global fixed income offers investors an attractive option for overall portfolio diversification through historically lower correlations with other major asset classes.
  • Global Platform. Global and local experts provide extensive country analysis through multiple perspectives and lenses.
  • Experienced Management. The fund taps the knowledge and research resources of the global bond team from the Franklin Templeton Fixed Income Group ®.

Results

Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments.
  • Investments in developing markets involve heightened risk related to the same factors, in addition to those associated with their relatively small size and lesser liquidity.
  • Sovereign debt securities are subject to various risks in addition to those relating to debt securities and foreign securities generally, including, but not limited to, the risk that a government entity may be unwilling or unable to pay interest and repay principal on its sovereign debt, or otherwise meet its obligations when due.
  • Changes in the financial strength of a bond issuer or in a bond's credit rating may affect its value.
  • Investments in lower-rated bonds include higher risk of default and loss of principal.
  • Changes in interest rates will affect the value of the fund’s portfolio and its share price and yield.
  • 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.
  • Interest payments on inflation-indexed securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable.
  • 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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Important Legal Information

Footnotes

For U.S. residents only.