Investors should carefully consider a fund’s investment goals, risks, charges and expenses before investing. To obtain a Franklin Templeton
fund summary prospectus and/or prospectus that contains this and other information, call 1-800-342-5236. Investors should read the
prospectus carefully before investing.
All investments involve risks, including possible loss of principal.
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While a passive index fund can’t prepare for what’s
next, managers of an active bond fund can proactively
position for changing conditions. Templeton Global
Bond Fund’s managers recently did just that, actively
preparing for a rising rate environment.