Franklin Global Aggregate Bond Fund

Summary of Fund Objective

The Fund seeks to maximise, consistent with prudent investment management, total investment return, consisting of a combination of interest income and capital appreciation. The Fund seeks to achieve this objective by investing principally in fixed or floating rate debt securities issued by governments, government-related entities and corporations worldwide. The Fund invests mainly in investment grade securities, but may invest up to 10% in non-investment grade.

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 any government or corporation worldwide. Such securities have historically been subject to price movements, generally due to interest rates or movements in the bond market. As a result, the performance of the Fund can fluctuate moderately over time.
• Other significant risks include: credit risk, currency risk, derivatives 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.