All investments involve risks, including possible loss of principal. An issuer of debt securities may fail to make interest payments or repay principal when due, in whole or in part. Changes in the financial strength of an issuer of a debt security or in a debt security’s credit rating may affect its value. Special risks are associated with foreign investing including currency volatility, economic instability, and social and political developments of countries where the strategy invests. Investments in emerging markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. The risks associated with higher yielding, lower rated securities include higher risk of default and loss of principal. In addition, interest rate movements will affect a portfolio’s value and yield. Prices of debt securities generally move in the opposite direction of interest rates. Thus, as prices of debt securities in a portfolio adjust to a rise in interest rates, the portfolio’s value may decline. The strategy is actively managed but there is no guarantee that the manager’s investment decisions will produce the desired results.
There is no assurance that the employment of this strategy will result in the investment objective being achieved. Various account minimums or other eligibility qualifications apply depending on the investment strategy or vehicle.
The information contained on this webpage is intended only as a general overview of Franklin Templeton investment capabilities and is for informational purposes only and should not be construed or relied upon as investment advice.
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice.
Products, services and information may not be available in all jurisdictions and are offered outside the U.S. by other FT affiliates and/or their distributors as local laws and regulation permits. Please consult your own professional adviser or Franklin Templeton institutional contact for further information on availability of products and services in your jurisdiction.
Please visit www.franklinresources.com to be directed to your local Franklin Templeton website.
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If you would like information on Franklin Templeton's retail mutual funds, please visit www.franklintempleton.com.
This site is intended only for U.S. Institutional Investors and Consultants. Using it means you agree to our Terms of Use.
If you would like information on Franklin Templeton’s retail mutual funds, please visit www.franklintempleton.com.
