Franklin Templeton Investment Funds ("FTIF")
IMPORTANT INFORMATION
- Franklin Templeton Investment Funds (the "Fund") is an umbrella fund and contains different sub-funds with different risk profiles that invest in equities, fixed income securities, money market instruments and derivatives.
- Some sub-funds may invest up to 100% of their total net assets in structured products, mortgage- and asset-backed securities and derivatives (such as credit default swaps, forwards and options) and may significantly invest in non-investment grade debt securities. These investments involve significant liquidity and counterparty default risks which may result in loss of part or entire amount of your investment.
- Some sub-funds may invest in defaulted debt securities on which the issuers are not currently making interest payment and in securities of companies undergoing restructuring. These investments are subject to significant liquidity and counterparty default risks.
- Some sub-funds may invest in emerging market securities which are exposed to higher risk of economic, political and regulatory changes that may pose additional risk to the sub-funds.
- Some sub-funds may invest primarily in a single market or sector or in small-sized companies. These investments are subject to higher concentration risk and are more volatile than funds following a more diversified policy.
- Some sub-funds may at its discretion pay dividend out of the capital of the sub-funds.
- Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
- Any distributions involving payment of dividends out of the sub-funds’ capital or payment of dividends effectively out of the sub-funds’ capital (as the case may be) may result in an immediate reduction of the net asset value per share.
- Investors should not invest in the Fund unless the intermediary who sells it to you has advised you that it is suitable for you and has explained how it is consistent with your investment objectives.
Franklin Floating Rate Fund Plc ("FFRF")
IMPORTANT INFORMATION
The risk warnings set out below form part of the Prospectus of Franklin Floating Rate Fund plc dated October 2009 (the "Prospectus") and shall be read and construed in conjunction with the Prospectus and the addendum.
- Franklin Floating Rate Fund plc (the "Company") is a feeder fund which may invest up to 100% of its net assets in the Franklin Floating Rate Master Trust (the "Master Fund") which may in turn invest primarily in debt obligations of U.S. corporations with floating interest rates.
- The Master Fund may invest up to 34% of its assets in unsecured debt obligations, and up to 100% of its assets in debt obligations (e.g. collaterialized loan obligations) that are rated less than investment grade or are made in connection with highly leveraged transactions, bankruptcy, workouts or reorganization of its issuers. As such, these investments involve significant credit risk, liquidity risk and counterparty default risk, which may result in loss of part or entire amount of your investment.
- The Master Fund may invest up to 35% of its assets in debt obligations issued by corporation in emerging markets. These investments are subject to higher risk of economic, political and regulatory changes, thus posing additional risk to the Company.
- The Master Fund may invest up to 15% of its net assets in debt obligations that are not readily marketable or may be subject to restrictions on resale. These investments may be subject to liquidity risk.
- Investors should not invest in the Company unless the intermediary who sells it to you has advised you that it is suitable for you and has explained how it is consistent with your investment objectives.
Templeton China Opportunities Fund (A Sub-Fund of Franklin Templeton Fund Series)
IMPORTANT INFORMATION
- The Fund invests in emerging market securities which are exposed to higher risk of economic, political and regulatory changes that may pose additional risk to the Fund.
- The Fund invests primarily in a single market and is subject to higher concentration risk and as a result may be more volatile than funds following a more diversified policy.
- The Fund’s value may be affected by exchange control regulations and changes in exchange rates.
- Investors should not invest in the funds unless the intermediary who sells it to you has advised you that it is suitable for you and has explained how it is consistent with your investment objectives.
Franklin Templeton Investment Funds ("FTIF")
IMPORTANT INFORMATION
- Franklin Templeton Investment Funds (the "Fund") is an umbrella fund and contains different sub-funds with different risk profiles that invest in equities, fixed income securities, money market instruments and derivatives.
- Some sub-funds may invest up to 100% of their total net assets in structured products, mortgage- and asset-backed securities and derivatives (such as credit default swaps, forwards and options) and may significantly invest in non-investment grade debt securities. These investments involve significant liquidity and counterparty default risks which may result in loss of part or entire amount of your investment.
- Some sub-funds may invest in defaulted debt securities on which the issuers are not currently making interest payment and in securities of companies undergoing restructuring. These investments are subject to significant liquidity and counterparty default risks.
- Some sub-funds may invest in emerging market securities which are exposed to higher risk of economic, political and regulatory changes that may pose additional risk to the sub-funds.
- Some sub-funds may invest primarily in a single market or sector or in small-sized companies. These investments are subject to higher concentration risk and are more volatile than funds following a more diversified policy.
- Some sub-funds may at its discretion pay dividend out of the capital of the sub-funds.
- Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
- Any distributions involving payment of dividends out of the sub-funds’ capital or payment of dividends effectively out of the sub-funds’ capital (as the case may be) may result in an immediate reduction of the net asset value per share.
- Investors should not invest in the Fund unless the intermediary who sells it to you has advised you that it is suitable for you and has explained how it is consistent with your investment objectives.
Franklin Floating Rate Fund Plc ("FFRF")
IMPORTANT INFORMATION
The risk warnings set out below form part of the Prospectus of Franklin Floating Rate Fund plc dated October 2009 (the "Prospectus") and shall be read and construed in conjunction with the Prospectus and the addendum.
- Franklin Floating Rate Fund plc (the "Company") is a feeder fund which may invest up to 100% of its net assets in the Franklin Floating Rate Master Trust (the "Master Fund") which may in turn invest primarily in debt obligations of U.S. corporations with floating interest rates.
- The Master Fund may invest up to 34% of its assets in unsecured debt obligations, and up to 100% of its assets in debt obligations (e.g. collaterialized loan obligations) that are rated less than investment grade or are made in connection with highly leveraged transactions, bankruptcy, workouts or reorganization of its issuers. As such, these investments involve significant credit risk, liquidity risk and counterparty default risk, which may result in loss of part or entire amount of your investment.
- The Master Fund may invest up to 35% of its assets in debt obligations issued by corporation in emerging markets. These investments are subject to higher risk of economic, political and regulatory changes, thus posing additional risk to the Company.
- The Master Fund may invest up to 15% of its net assets in debt obligations that are not readily marketable or may be subject to restrictions on resale. These investments may be subject to liquidity risk.
- Investors should not invest in the Company unless the intermediary who sells it to you has advised you that it is suitable for you and has explained how it is consistent with your investment objectives.
Templeton China Opportunities Fund (A Sub-Fund of Franklin Templeton Fund Series)
IMPORTANT INFORMATION
- The Fund invests in emerging market securities which are exposed to higher risk of economic, political and regulatory changes that may pose additional risk to the Fund.
- The Fund invests primarily in a single market and is subject to higher concentration risk and as a result may be more volatile than funds following a more diversified policy.
- The Fund’s value may be affected by exchange control regulations and changes in exchange rates.
- Investors should not invest in the funds unless the intermediary who sells it to you has advised you that it is suitable for you and has explained how it is consistent with your investment objectives.
Terms of Use Agreement
THIS AREA OF THE WEBSITE IS NOT INTENDED FOR USE BY MEMBERS OF THE GENERAL PUBLIC. FOR INFORMATION ON PRODUCTS AVAILABLE TO MEMBERS OF THE GENERAL PUBLIC, PLEASE REFER TO THE RETAIL INVESTORS SECTION OF THIS WEBSITE. PLEASE READ THIS ENTIRE DOCUMENT CAREFULLY BEFORE YOU PROCEED. BY CLICKING "ACCEPT", YOU CONFIRM THAT YOU ARE A PROFESSIONAL ADVISOR AND THAT YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS SET OUT BELOW.
IMPORTANT INFORMATION
You must read this before proceeding, as it explains the use and nondisclosure terms and conditions between Franklin Templeton Investments (Asia) Limited ("FTIA") and you (the "Agreement") which apply to the release of portfolio holdings information, including but not limited to top contributors and detractors to portfolio performance of one or more non-U.S. domiciled collective investment schemes that are registered as authorized schemes with the Securities & Futures Commission of Hong Kong and sponsored by Franklin Templeton Investments (each a "Fund" and together the "Funds").
FRANKLIN TEMPLETON INVESTMENTS terms and conditions relating to the use and non-disclosure of PORTFOLIO HOLDINGS for Non-U.S. Funds/Non-U.S.Advisers
- By clicking on "Accept" or otherwise accessing the Holdings Information, you are deemed to have read, understood, accepted and agreed to be bound by this Agreement.
- You are a bank, broker-dealer, insurance company, registered investment adviser or other professional client (together, "financial institutions") engaged in business activities outside the United States.
- You may find on this Website a partial listing of all portfolio securities including but not limited to top contributors and detractors to portfolio performance owned by one or more Funds and any such additional information relating to the Fund(s) that may not otherwise be publicly disseminated. Such listing of portfolio securities and any other non-public information is herein referred to as "Holdings Information". You are deemed to have read, understood and accepted the terms and conditions and you further agree that all provisions of this Agreement are equally binding upon you and the Financial Institution. IF YOU ARE NOT AUTHORISED TO ACCESS HOLDINGS INFORMATION OR YOU DO NOT WANT TO BE BOUND BY THE TERMS OF THIS AGREEMENT YOU SHOULD NOT ACCEPT HOLDINGS INFORMATION.
- You agree that the Holdings Information will be kept strictly confidential, regardless of the Holdings Information form or whether the Holdings Information is marked or identified as proprietary or confidential. You also agree not to disclose or disseminate the Holdings Information to any third party and to treat the Holdings Information as nonpublic and proprietary, and acknowledge that the Holdings Information constitutes a valuable asset of FTIA, the Funds and Fund shareholders. You recognise that adverse consequences may result for Fund shareholders if the Holdings Information is used for inappropriate purposes or in breach of the terms of this Agreement. In addition, FTIA may reasonably request you to make available to FTIA all research produced on the Funds.
You will not:
(i) Purchase or sell any portfolio securities listed in the Holdings Information on the basis of any information contained in Holdings Information;
(ii) Trade against the Funds or knowingly engage in any trading practices that are adverse to FTIA or the Funds on the basis of the Holdings Information; and
(iii) Trade in shares of any U.S. registered investment company sponsored by Franklin Templeton Investments that is substantially similar to the Fund.
- You will use its best efforts to take all appropriate action and otherwise satisfy its obligations under this Agreement and to prevent the misuse of the Holdings Information. You acknowledge that the use of Holdings Information for purposes such as duplicating FTIA's proprietary investment and trading strategies, techniques and methodologies may be damaging to FTIA, the Fund and its shareholders and/or other Franklin Templeton Funds and their shareholders. You further acknowledge that damages alone would not be an adequate remedy for any breach of the provisions of this Agreement and, accordingly, without prejudice to any and all other rights or remedies, you acknowledge that FTIA or any Fund or Franklin Templeton Fund to which the Holdings Information pertains shall be entitled to the remedies of injunction, specific performance and other equitable relief for any threatened or actual breach of the provisions of this Agreement. You shall immediately notify FTIA if you learn of any use of the Holdings Information by your employees, agents or clients that would otherwise violate this Agreement.
- You shall not be bound by the provisions of confidentiality contained in this Agreement if such Holdings Information 1) is or becomes publicly known through no act or omission by you or any of your employees, agents or subcontractors; 2) is lawfully disclosed to you by a third party without restriction and without any obligation of confidentiality; 3) is required to be disclosed by any Governmental body, regulatory body (including without limitation any relevant securities exchange) or court of competent jurisdiction or otherwise pursuant to any statutory or regulatory obligation.
- The Agreement shall remain in effect for so long as you access the Holdings Information from FTIA. FTIA may terminate this Agreement upon 30 days prior written notice to you or immediately if this Agreement conflicts with any laws, rules or relevant regulatory interpretations. Upon termination, you shall continue to take reasonable measures to prevent the disclosure or dissemination of the Holdings Information. Your nondisclosure obligations and the prohibition on your dissemination of the Holdings Information to any third party shall survive this Agreement's termination. To the extent of any conflict between this Agreement and any other agreement between you and FTIA, then this Agreement shall be deemed to constitute an amendment to such other agreement.
- Unless otherwise agreed in a writing signed by both parties' authorized representatives, you will not be paid for your receipt and maintenance of the confidentiality of the Holdings Information, or for your effort in providing any proposals, reports, analyses or bids, whether in response to Franklin's request(s) for proposals or otherwise.
- This Agreement may not be assigned by you, and you may not delegate your duties hereunder, without the prior written consent of FTIA. All of the terms and provisions contained herein shall inure to the benefit of and shall be binding upon the parties hereto and their respective heirs, successors and assigns.
- Nothing contained in this Agreement shall be construed as creating any obligation or any expectation on the part of either party to enter into a business relationship with the other party, or an obligation to refrain from entering into a business relationship with any third party.
- contained in this Agreement shall be construed as creating a joint venture, partnership or employment relationship between the parties, it being understood that the parties are independent contractors vis-a-vis one another. Except as specified herein, no party shall have the right, power or implied authority to create any obligation or duty, express or implied, on behalf of any other party hetero.
- YOU SHALL INDEMNIFY AND HOLD ANY AND FRANKLIN PERSONS HARMLESS AGAINST ANY AND ALL COSTS, EXPENSES, LOSSES, LIABILITIES, OBLIGATIONS, DAMAGES, PENALTIES TO WHICH ANY SUCH PARTY MAY BECOME SUBJECT INCLUDING REASONABLE LEGAL AND OTHER SUCH PROFESSIONAL FEES INCURRED IN INVESTIGATING AND DEFENDING OR APPEALING PENDING OR THREATENNED CLAIMS, ACTIONS, SUITS, PROCEEDINGS, ARBITRATIONS, AMOUNTS PAID IN SETTLEMENT THEREOF (COLLECTIVELY “EXPENSES”) DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY BREACH OF THIS AGREEMENT SAVE WHERE SUCH EXPENSES RESULTED DIRECTLY FROM OUR NEGLIGENCE, FRAUD OR WILFUL MISCONDUCT.
- This Agreement: (i) supersedes all prior discussions, agreements and practices between you and FTIA (the 'Parties') relating to the Holdings Information; (ii) constitutes the Parties' entire agreement relating to the Holdings Information; (iii) may be modified or supplemented by FTIA at anytime without notice to you; (iv) shall be binding upon and inure to the benefit of the successors and assigns of FTIA and you; and (v) shall be governed and construed in accordance with the laws of the Hong Kong.
FTIA is acting on behalf of the investment manager of the affiliated business to which the Holdings Information relates. Affiliated businesses shall include Franklin Resources, Inc. ("FRI") and FRI's subsidiaries, partnerships, joint ventures and related and affiliated business entities (collectively, "Franklin Templeton Investments"), along with FRI-sponsored closed-end and mutual funds (and FRI-sponsored financial products of a similar nature) (these funds and products, collectively, "the Franklin Templeton Funds") are known from time to time as "Franklin".
