Templeton Global High Yield Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund aims to earn a high level of current income, and seeks capital appreciation when consistent with its principal objective of high current income, by investing principally in fixed and floating rate debt securities of issuers globally, including those in emerging markets.

  • The fund aims to provide investors with a high level of current income by investing in high-yielding securities across the globe, and also seeks to achieve capital appreciation.
  • It has wide flexibility to shift allocations between instruments and countries, enabling the portfolio to add alpha over time.
  • The fund is part of a range of existing Franklin Templeton high-yield products, each with a long track record.
  • The fund is managed by the Templeton Global Fixed-Income Group, which has extensive experience of managing funds across the entire gamut of fixed-income securities.
  • In addition to hedging, the fund may use derivatives for investment purposes.

FUND MANAGERS

Michael Hasenstab

  • California, United States
  • Years With Firm: 20
  • Years Of Experience: 24

Glenn Voyles

  • California, United States
  • Years With Firm: 25
  • Years Of Experience: 26

Patricia O'Connor

  • California, United States
  • Years With Firm: 21
  • Years Of Experience: 23

Calvin Ho

  • California, United States
  • Years With Firm: 13
  • Years Of Experience: 14

What are the Key Risks?

The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.

  • The Fund invests mainly in debt securities of any quality issued by any government or corporate entity worldwide. Such securities have historically been subject to price movements, generally due to interest rates or movements in the bond market. As a result, the performance of the Fund can fluctuate over time.
  • The Fund may distribute income gross of expenses. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital.
  • Other significant risks include: credit risk, derivatives risk, emerging markets risk, liquidity risk.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.