Summary of Fund Objective

The Fund’s investment goal is to achieve total return over a full market cycle through capital appreciation. The Fund seeks to achieve its investment goal by allocating its net assets across global macro-oriented "alternative" strategies.

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 seeks to achieve total return over a full market cycle by allocating its assets across multiple “alternative” macro-oriented strategies and by investing in a wide range of assets, with the ability to actively use financial derivative instruments. Such assets and investment instruments have historically been subject to price movements due to such factors as general stock market volatility, sudden changes in interest rates, or fluctuations in commodity prices. As a result, the performance of the Fund can fluctuate moderately over time.
  • Other significant risks include: credit risk, currency risk, derivatives risk, operational risk, targeted return 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.