Templeton Emerging Markets Bond Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund aims to maximize total investment return, consisting of a combination of interest income, capital appreciation and currency gains by investing principally in a portfolio of fixed and floating rate debt securities and debt obligations issued by government and government- related issuers or corporate entities located in developing or emerging market countries.

Investor Profile

  • Seeking potentially above-average levels of income and capital appreciation by investing in emerging markets fixed income securities.
  • 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: 14
  • 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 entities located in developing and emerging markets. Such securities have historically been subject to price movements, generally due to interest rates, market factors 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.