Templeton Global Total Return Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund aims to maximise total investment return consisting of a combination of interest income, capital appreciation, and currency gains by investing principally in a portfolio of fixed and/or floating rate debt securities and debt obligations issued by government and government-related issuers or corporate entities worldwide. The Fund may invest in investment grade and non-investment grade debt securities. The Fund may also use various currency-related and other transactions involving derivative instruments.

Investor Profile

  • Seeking to maximise total investment return consisting of a combination of interest income,capital appreciation and currency gains.
  • Planning to hold their investment for the medium to long term.

Michael Hasenstab: The Impact of Rising US Treasury Yields

Michael Hasenstab, Templeton Global Macro, on the impact of a sharp rise in US treasury yields on developed and emerging market investing. 

"If you have a three month time horizon, emerging market investing is very difficult. If you have a couple of years horizon, you can exploit these panic sell-offs that are not fundamental in nature."

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MANAGEMENT

Michael Hasenstab

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

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 issued by government, government-related or corporate entities worldwide and in derivatives. Such securities and derivatives have historically been subject to price movements, generally due to interest rates, foreign exchange 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, currency risk, derivatives risk, liquidity risk, emerging markets 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.