As of 07/31/2015
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 01/01/2015 (updated annually)
|Gross Expense Ratio4||3.47%|
|Net Expense Ratio||0.86%|
|Max Initial Sales Charge||4.25%|
Effective at the close of market on June 10, 2015, Templeton Constrained Bond Fund closed to all new investors. The fund will be liquidated on or around August 27, 2015. Shareholders may exchange their investment in the fund for another Franklin or Templeton fund prior to the liquidation date. Please contact your financial advisor or call Franklin Templeton Investor Services at (800) 632-2301 for more information on exchanging your investment.
This fund is not yet rated.
Investing in the Fund
What Are the Risks?
All investments involve risks, including possible 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. 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 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. The fund is also non-diversified, which involves the risk of greater price fluctuation than a more diversified portfolio. Interest payments on inflation-indexed securities will fluctuate as the principal and/or interest is adjusted for inflation and can be unpredictable. These and other risk considerations are discussed in the fund's prospectus.
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.