Franklin Euro High Yield Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund aims to earn a high level of current income and seeks capital appreciation when consistent with its principal objective of high current income, by investing principally either directly or through the use of financial derivative instruments in Euro-denominated or Non-Euro denominated Euro-hedged Fixed Income Debt Securities of European or Non-European issuers with Non-investment grade ratings, or if unrated, their equivalent.


Patricia O'Connor

  • California, United States
  • Years With Firm: 22
  • Years Of Experience: 24

Piero del Monte

  • London, United Kingdom
  • Years With Firm: 12
  • Years Of Experience: 21

Rod MacPhee

  • London, United Kingdom
  • Years With Firm: 6
  • Years Of Experience: 13

Emmanuel Teissier

  • London, United Kingdom
  • Years With Firm: 12
  • Years Of Experience: 17

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 lower-quality debt securities denominated in euro. Such securities have historically been subject to price movements, generally due to interest rates or movements in the bond market in general. As a result, the performance of the Fund can fluctuate moderately 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, 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.