Templeton Emerging Markets Local Currency Bond Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

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

FUND MANAGERS

Michael Hasenstab

  • California, United States
  • Years With Firm: 21
  • 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 recieved 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 flucuations. Currency flucuations may affect the value of overseas investments.

  • The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of local currency-denominated fixed and floating rate debt securities and debt obligations of any maturity or credit rating category. 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, changes in the financial outlook or fluctuations in currency markets. As a result, the performance of the Fund can fluctuate considerably over time.
  • Other significant risks include: counterparty risk, credit risk, currency 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.