Seeks high income by investing in global fixed income sectors, including corporate bonds, securitised assets and emerging market debt.
Risk Disclosure for:
- Franklin Income Fund
- Franklin Strategic Income Fund
- Franklin Floating Rate Fund PLC
- FTGF ClearBridge Global Infrastructure Income Fund
- Franklin Global Low Volatility Bond Fund
Franklin Income Fund
INVESTMENT INVOLVES RISKS. The value of the Fund can be volatile and investors may not get back the amount originally invested. Past performance is not indicative of future results.
- Franklin Income Fund invests principally in equity securities of companies from a variety of industries, stocks with attractive dividend yields, long and short-term debt securities and debt securities that are rated below investment grade or unrated.
- The Fund is subject to debt securities risk, market risk, equity risk, credit risk, foreign currency risk, RMB Currency and Conversion risk, liquidity risk, valuation risk, volatility risk, preferred securities risk, convertible securities risk, securitisation risk, derivative instruments risk, structured notes risk, Europe and Eurozone risk, counterparty risk and class hedging risk.
- The Fund’s investment in debt instruments with loss-absorption features (“LAP”) are subject to the risk of being written down or converted to ordinary shares upon the occurrence of pre-defined trigger events which may result in a significant or total reduction in the value of such instruments. LAP may also be exposed to liquidity, valuation and sector concentration risk.
- Security lending transactions may involve the risk that the borrower may fail to return the securities lent out in a timely manner and the value of the collateral may fall below the value of the securities lent out, which may result in a substantial loss to the Fund.
- The Fund may at its discretion pay dividends out of the capital or out of gross income of the Fund while paying all or part of the Fund’s fees and expenses out of the capital of the Fund, which results in effectively paying dividends out of capital. 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 Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.
- Investors should not invest based on this marketing material alone. Offering documents should be read for further details, including the risk factors. Before you decide to invest, you should make sure the intermediary has explained to you that the Fund is suitable to you.
Franklin Strategic Income Fund
INVESTMENT INVOLVES RISKS. The value of the Fund can be volatile and investors may not get back the amount originally invested. Past performance is not indicative of future results.
- Franklin Strategic Income Fund invests principally in debt securities globally. The Fund will have an allocation to fixed income securities of at least 75% of its net assets.
- The Fund is subject to investment objectives risk, debt securities risk, emerging markets risk, market risk, credit risk, foreign currency risk, liquidity risk, valuation risk, volatility risk, derivative instruments risk, “to-be-announced” transaction risk, swap agreements risk, loan credits derivatives risk, counterparty risk, convertible securities risk, restructuring companies risk, class hedging risk, credit-linked securities risk, Europe and Eurozone risk, securitisation risk, warrants risk, China Bond Connect risk and Chinese market risk.
- The Fund may at its discretion pay dividends out of the capital or out of gross income of the Fund while paying all or part of the Fund’s fees and expenses out of the capital of the Fund, which results in effectively paying dividends out of capital. 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 Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.
- “Plus” share classes that offer, under normal market conditions, dividend distribution at a pre-determined annual percentage of the net asset value per share that is not linked to income or capital gains, may either be paying out both income and capital in distribution payments, or not substantially distributing all the investment income which a share class has earned. Such share classes may continue to distribute in periods that the Fund has negative returns or is making losses, which further reduces the net asset values of such share classes. In extreme circumstances, investors may not be able to get back the original investment amount.
- Investors should not invest based on this marketing material alone. Offering documents should be read for further details, including the risk factors. Before you decide to invest, you should make sure the intermediary has explained to you that the Fund is suitable to you.
Franklin Floating Rate Fund PLC
INVESTMENT INVOLVES RISKS. The value of the Fund can be volatile and investors may not get back the amount originally invested. Past performance is not indicative of future results.
- Franklin Floating Rate Fund plc invests up to 100% of its net assets in shares of the Franklin Floating Rate Master Trust which invests primarily in senior secured corporate loans and corporate debt securities with floating interest rates.
- The Fund is subject to market risk, interest rate risk, credit risk and sovereign debt risk, low-rated, unrated or non-investment grade securities risk, liquidity risk, emerging markets risk, repurchase agreement risk, derivatives risk, counterparty risk, hedged share classes risk, currency risk and RMB Currency and Conversion risks.
- The Fund may at its discretion pay dividends out of the capital or out of gross income of the Fund while paying all or part of the Fund’s fees and expenses out of the capital of the Fund, which results in effectively paying dividends out of capital. 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 Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.
- Investors should not invest based on this marketing material alone. Offering documents should be read for further details, including the risk factors. Before you decide to invest, you should make sure the intermediary has explained to you that the Fund is suitable to you.
FTGF ClearBridge Global Infrastructure Income Fund
INVESTMENT INVOLVES RISKS. The value of the Fund can be volatile and investors may not get back the amount originally invested. Past performance is not indicative of future results.
- The Fund is a sub-fund of Franklin Templeton Global Funds plc, an open-ended umbrella investment company constituted in Ireland. The Fund seeks to provide income comprised of dividends and interest whilst also achieving long-term capital growth. The Fund invests at least 80% of its net asset value in infrastructure companies via equity and equity-related securities listed or traded on regulated markets.
- Investors will be exposed to investment risk, infrastructure risks, equity market risk, concentration risk, emerging markets risk and custody/ settlement risk, derivative risks, currency risk, Renminbi currency and conversion risks.
- The directors of Franklin Templeton Global Funds plc may at their discretion pay dividends out of capital of a Distributing Plus Share Class. The payment of dividends out of capital effectively amounts to a return or withdrawal of an investor´s original capital investment or of capital gains attributable to that original investment. Such distribution will result in a corresponding immediate decrease in the Net Asset Value per share of these Share Classes.
- Investors should not invest based on this marketing material alone. Offering documents should be read for further details, including the risk factors. Before you decide to invest, you should make sure the intermediary has explained to you that the Fund is suitable to you.
Franklin Global Low Volatility Bond Fund
INVESTMENT INVOLVES RISKS. The value of the Fund can be volatile and investors may not get back the amount originally invested. Past performance is not indicative of future results.
- Franklin Global Low Volatility Bond Fund invests mainly in investment grade debt securities issued by government-related entities. It may also invest up to 35% of its net asset value in investment grade debt securities issued by corporations worldwide, amongst which at least 50% of the Fund’s net asset value will be invested in Developed Markets.
- The Fund is subject to general investment risk, foreign currency risk, market risk, currency hedged class risk, Renminbi currency risks, derivative risk and liquidity risk.
- The Fund may invest in debt securities which are subject to sovereign debt risk, interest rate risk, credit risk, valuation risk, credit rating risk and downgrading risk.
- The Fund may at its discretion pay dividends out of the capital or out of gross income of the Fund while paying all or part of the Fund’s fees and expenses out of the capital of the Fund, which results in effectively paying dividends out of capital. 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 Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.
- Investors should not invest based on this marketing material alone. Offering documents should be read for further details, including the risk factors. Before you decide to invest, you should make sure the intermediary has explained to you that the Fund is suitable to you.
Why invest for income?
Different sources of income can play different roles within a portfolio, helping investors pursue income, long-term growth and greater resilience as market conditions change.
Broaden your opportunity set
Look beyond a single asset class by drawing potential income from bonds, dividend-paying equities, infrastructure and multi-asset strategies.
Preserve purchasing power
Seek income alongside the potential for capital growth, helping long-term wealth keep pace with inflation over time.
Build portfolio resilience
Different assets may respond differently as economic growth, inflation, interest rates and market sentiment evolve.
Explore different ways to invest for income
From fixed income and multi-asset funds to equities, different investment approaches can provide stability, flexibility and growth opportunities while helping investors generate income in changing market environments.
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Why Franklin Templeton?
A global investment partner trusted by millions of investors for generations.
We have been named the Mutual Funds Provider of the Year at the Benchmark Fund of the Year Awards 20253.
Experience across market cycles
Founded in 1947, we've helped investors navigate changing market cycles with the discipline, perspective and conviction that only decades of experience can bring.
Global reach, local insight
With US$1.80 trillion in assets under management4 and 1,500+ investment professionals, our scale and on-the-ground expertise help us uncover opportunities across markets and asset classes.
One trusted investment partner
Serving clients in 150 countries with offices in 35+ countries, we build enduring partnerships by helping investors meet a range of investment objectives.
Explore perspectives on income
Different strategies. One stronger portfolio.
Connect with your banker or financial adviser to learn more about our income solutions.
Related insights
The right insight can make all the difference. Discover ideas that may give you an investment advantage.
- Franklin Income Investors
- Franklin Templeton Fixed Income
- ClearBridge Investments
Franklin Income Investors
Franklin Templeton Fixed Income
ClearBridge Investments
FAQs
Not at all. Income can be generated from a wide range of asset classes, including investment-grade bonds, high-yield bonds, dividend-paying equities, infrastructure and multi-asset portfolios. Each source has distinct characteristics and may respond differently to changes in interest rates, inflation and economic growth. A well-diversified income portfolio often combines several sources rather than relying on a single asset class.
Cash and fixed deposits can provide stability and attractive yields during periods of higher interest rates. However, these rates may decline over time and typically offer limited potential for capital appreciation. Income investments may provide an opportunity to generate regular income while also participating in long-term growth, although they are subject to market risk.
Different income-producing assets perform differently as market conditions evolve. Bonds, dividend-paying equities, infrastructure and emerging market assets each respond to different economic drivers, such as interest rates, inflation and corporate earnings. Diversifying across multiple income sources may help improve portfolio resilience and reduce reliance on any single source of return.
Different income-producing assets are influenced by different economic drivers. Bond markets are typically more sensitive to interest rates, inflation and credit conditions, while dividend-paying equities are driven by corporate earnings and economic growth. Infrastructure assets may benefit from long-term contracts or regulated cash flows. Combining multiple sources of income may help improve portfolio resilience across different market environments.
Rather than relying on a single source of income, many investors diversify across asset classes, sectors and regions. Combining strategies such as global bonds, dividend equities, infrastructure and emerging markets can help reduce concentration risk, broaden sources of return and improve the resilience of an income portfolio through different market cycles.
No single income strategy is designed to perform best in every market environment. Some funds focus on capital preservation, while others seek higher income, greater growth potential or exposure to specific regions or sectors. Combining complementary income strategies may help investors access a broader opportunity set while achieving a more balanced portfolio.
Not necessarily. A higher yield may reflect greater investment risk, such as lower credit quality, increased market volatility or less predictable cash flows. Rather than focusing solely on headline yield, investors should also consider the sustainability of income, the quality of the underlying investments and the strategy's overall risk profile.
Distribution frequency varies by fund and share class. Some income funds distribute monthly, quarterly or semi-annually, while others reinvest income to support long-term capital growth. Investors should refer to the relevant fund documentation to understand the distribution policy and whether distributions are paid from income, capital, or a combination of both.
Footnotes
- Benchmark, awarded in May 2026 to the company Franklin Templeton. Based on fund performance for the period between October 2024 to September 2025. Franklin Templeton paid entry fee for the award.
- Benchmark, awarded in July 2025 and May 2026 to the company Franklin Templeton. Based on fund performance for the period between January 2024 to December 2025 and October 2024 to September 2025. Franklin Templeton paid entry fee for the award.
- Benchmark, awarded in July 2026 to Franklin Templeton. The award was determined by Benchmark based on a weighted qualitative and quantitative assessment, including investment approach, performance and risk, portfolio management, stewardship, corporate quality, governance, sustainability achievements and other firm-level factors. Assessment period: October 2024 to September 2025. Franklin Templeton paid an entry fee to participate in the awards.
- Source: Franklin Templeton, as of 31 March 2026.
Important Legal Information
Franklin Diversified Income Fund, Franklin Global Income and Growth Opportunities Fund, Franklin Income Fund and Templeton Emerging Markets Dynamic Income Fund meet the requirements under Article 6 of the EU Sustainable Finance Disclosure Regulation (SFDR); the fund does not promote environmental and/or social characteristics or have a sustainable investment objective under EU regulations.
FTGF ClearBridge Global Infrastructure Income Fund meets the requirements under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR); the fund has binding commitments in its investment policy to promote environmental and/or social characteristics and any companies in which it invests should follow good governance practices.
These classifications do not represent the fund is authorised as a Green or environmental, social and governance (ESG) fund in Hong Kong. Please visit the full list of SFC-authorised ESG funds at: https://www.sfc.hk/en/regulatory-functions/products/list-of-esg-funds
This material is intended to be of general interest only and should not be construed as investment advice. It does not constitute legal or tax advice and it is not an offer for shares or an invitation to apply for shares of the Luxembourg-domiciled SICAV Franklin Templeton Investment Funds (“FTIF”) and shares of the Irish-domiciled Franklin Templeton Global Funds plc ("FTGF"). For the avoidance of doubt, if you decide to invest, you will be buying units in the funds and will not be investing directly in the underlying assets of the funds. For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the fund and will not be investing directly in the underlying assets of the fund.
Franklin Templeton (“FT”) provides no guarantee or assurance that the funds’ investment objective will be attained. The value of shares in the funds and income received from it can go down as well as up, and investors may not get back the full amount invested. Past performance is not an indicator or a guarantee of future performance. Currency fluctuations may cause the value of a fund’s investments to diminish or increase.
FT shall not be liable to any user of this document or to any other person or entity for the inaccuracy of information or any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission. Any opinions expressed are the author's at publication date and they are subject to change without prior notice. Any research and analysis contained in this material has been procured by FT for its own purposes and is provided to you only incidentally. Data from third party sources may have been used in the preparation of this document and FT has not independently verified, validated or audited such data.
No shares of the funds may be directly or indirectly offered or sold to residents of the United States of America. Shares of the funds are not available for public distribution in all jurisdictions and prospective investors, who are not financial professionals, should consult their financial advisor before deciding to invest. The funds may use financial derivatives or other instruments which may entail specific risks more fully described in the funds' Documents.
Subscriptions to shares of the funds should only be made on the basis of the funds’ current Prospectus, and, where available, the relevant offering documents.
In addition, a Summary of Investor Rights is available from https://www.franklintempleton.com.hk/en-hk/about-us/summary-of-investor-rights. The summary is available in English and Chinese.
The sub-funds of FTIF and FTGF are notified for marketing in multiple EU Member States under the UCITS Directive. FTIF can terminate such notifications for any share class and/or sub-funds at any time by using the process contained in Article 93a of the UCITS Directive. Franklin Templeton International Services S.à r.l. – Supervised by the Commission de Surveillance du Secteur Financier.
Hedged share classes will attempt to hedge the currency risk between the base currency of the funds and the currency of the share class, although there can be no guarantee that it will be successful in doing so. In some cases, investors may be subject to additional risks.
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Indices are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Source: Bloomberg Indices, FTSE, MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Issued by Franklin Templeton Investments (Asia) Limited, 62/F, Two IFC, 8 Finance Street, Central, Hong Kong.
This document has not been reviewed by the Securities and Futures Commission in Hong Kong.
This document is intended to be of general interest only. This document should not be construed as individual investment advice or offer or solicitation to buy, sell or hold any shares of fund or security. Investment involves risks. Past performance is not an indicator or a guarantee of future performance. The investment returns are calculated on NAV to NAV basis, taking into account of reinvestments and capital gain or loss. The investment returns are denominated in stated currency, which may be a foreign currency other than USD and HKD (“other foreign currency”). US/HK dollar-based investors are therefore exposed to fluctuations in the US/HK dollar / other foreign currency exchange rate. Please refer to the offering documents for further details, including the risk factors.
The data, comments, opinions, estimates and other information contained herein may be subject to change without notice. There is no guarantee that an investment product will meet its objective and any forecasts expressed will be realized. Performance may also be affected by currency fluctuations. Reduced liquidity may have a negative impact on the price of the assets. Currency fluctuations may affect the value of overseas investments. Where an investment product invests in emerging markets, the risks can be greater than in developed markets. Where an investment product invests in a specific sector or geographical area, the returns may be more volatile than a more diversified investment product. The mention of any individual securities should neither constitute nor be construed as a recommendation to purchase or sell securities, and the information provided regarding such individual securities is not a sufficient basis upon which to make an investment decision. Fund allocations, holdings and characteristics are subject to change at any time. Franklin Templeton may have an interest in the acquisition or disposal of the securities mentioned herein.
Franklin Templeton accepts no liability whatsoever for any direct or indirect consequential loss arising from use of this document or any comment, opinion or estimate herein. This document may not be reproduced, distributed or published without prior written permission from Franklin Templeton.
Unless stated otherwise, all information is as of the date of this document. Source: Franklin Templeton.