Franklin Euro Government Bond Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund's investment objective is to maximise total returns with a combination of interest income and capital appreciation by investing primarily in Euro denominated fixed-income securities issued by government and government-related issuers located throughout the European Monetary Union ("EMU").

Investor Profile

  • Seeking to maximise total investment return consisting of interest income.
  • Seeking in current income from debt securities of any issuer from member countries of the European Monetary Union.
  • Planning to hold their investment for the medium to long term.


David Zahn

  • London, United Kingdom
  • Years With Firm: 15
  • Years Of Experience: 27

Rod MacPhee

  • London, United Kingdom
  • Years With Firm: 8
  • Years Of Experience: 14

John Beck

  • London, United Kingdom
  • Years With Firm: 31
  • Years Of Experience: 34

Sonal Desai

  • Florida, United States
  • Years With Firm: 12
  • Years Of Experience: 27

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 higher-quality debt securities issued or guaranteed by governments or government-related entities of countries within the EMU. Such securities have historically proven to present some stability over time and have benefitted from a limited exposure to interest rates or movements in the bond market in general. As a result, the performance of the Fund can fluctuate moderately 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: the risk of loss arising from default that may occur if an issuer fails to make principal or interest payments when due. This risk is higher if the Fund holds low-rated, sub-investment-grade securities.
    Liquidity risk: the risk that arises when an asset cannot be sold on a timely basis due to security-specific factors or adverse market conditions, which may impact the Fund’s ability to meet redemption requests, particularly if they are increasing.
    Derivative Instruments risk: the risk of loss in an instrument where a small change in the value of the underlying investment may have a larger impact on the value of such instrument. Derivatives may involve additional liquidity, credit and counterparty risks.
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.