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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.

When the markets move, your income doesn’t have to

In 2025, investors face shifting rate cycles, persistent inflation, and uneven global growth—demanding sharper focus and greater flexibility. That’s why resilient income strategies and a steady partner remain more essential than ever.

Your trusted partner for income

With deep expertise and global reach, Franklin Templeton delivers resilient income strategies designed to adapt, endure, and support your long-term goals.
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Build your income stream with a multi-asset strategy that flexes across equities, bonds and convertibles to capture opportunities in all markets.

With over 25 years of delivering results*, the Franklin Income Fund has earned recognition for its consistency, including the Benchmark Fund of the Year Awards 2022: House Awards – Balanced Mixed Asset¹.

Learn more

An agile fixed income solution that spans the globe, the Franklin Strategic Income Fund actively rotates across sectors and manages duration to seek income and performance in all environments—making it a pure play for bond investors with a dynamic edge.

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All eyes on interest rates?

The Franklin Floating Rate Fund PLC invests in floating-rate loans and short-duration bonds, helping to generate income that adjusts with the market—earning the Fund Selector Asia Fund Awards 2025 – Regional Bond Platinum Award².

Learn more

Weather market uncertainty with a fund that invests in essential infrastructure—roads, utilities, renewables—that the world relies on.

The FTGF ClearBridge Global Infrastructure Income Fund offers resilient income and structural growth, tapping into long-term global trends.

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Portfolio resilience begins with a core of high-quality bonds.

The Franklin Global Low Volatility Bond Fund combines developed and emerging market exposure with active risk management to help deliver income and capital stability in an unpredictable world.

Learn more
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*Income is not guaranteed.

Your trusted partner for income

A steady hand through every cycle

Like a seasoned navigator charting through calm and storm, Franklin Templeton has weathered every market condition over the past 76 years. Our long-standing income expertise is built on consistency, discipline, and the confidence to stay the course when it matters most.

Global reach, grounded wisdom

Our scale allows us to uncover income opportunities across geographies and asset classes—while our on-the-ground teams bring local insight and expertise to every strategy. With more than USD 1.6 trillion3 in assets managed by 1,600+ professionals in over 25 countries, we offer both breadth and depth.

In it with you, for the long haul

We believe success goes beyond expertise—it’s built on strong partnerships. At Franklin Templeton, we work closely with clients to understand their goals and craft income strategies that evolve with their needs. By combining forward-thinking solutions with deep industry insight, we help turn long-term ambition into enduring value.

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Explore our latest income insights

11 NOVEMBER 2025

Diversifying for income

As the Fed resumes cutting interest rates, Ed Perks, CIO of Franklin Income Investors, provides an update on the current investment landscape. He also shares his insights and outlook on the fixed income and equity markets, with a particular emphasis on diversifying for income.

4 AUGUST 2025

Mid-year update: Staying diversified and income-focused

The first half of 2025 was marked by significant economic and market challenges. Franklin Income Investors CIO Ed Perks provides insights into the current state of the US economy and markets and discusses key themes around staying diversified and income focused through the rest of the year.

5 MAY 2025

Income diversification amid market uncertainty

Equity and fixed income markets have been experiencing significant volatility, driven by a combination of policy uncertainty and economic concerns. Franklin Income Investors CIO Ed Perks analyzes the dynamics of the recent market volatility and the investment opportunities that have emerged.

Footnotes

  1. Source: Benchmark, awarded in February 2023. Based on fund performance between July 2021 and June 2022. For more details of the award, including the assessment methodology and judging criteria, please refer to the official award website. Franklin Templeton paid entry fee for the award.
  2. Source: Fund Selector Asia, awarded in February 2025 to Franklin Templeton. Based on fund performance for the period between September 2021 to September 2024.  Franklin Templeton did not pay entry fee for the award. For more details of the award, including the assessment methodology and judging criteria, please refer to the official award website.
  3. Source: Franklin Templeton, as of end June 2025.

Important Legal Information

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 Franklin Floating Rate Fund PLC (“FFRF”), the Luxembourg-domiciled SICAV Franklin Templeton Investment Funds (“FTIF"), and the Irish-domiciled Franklin Templeton Global Funds plc ("FTGF"). 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.

FFRF is an investment company with variable capital incorporated in Ireland on 1 December 1999 as a public limited company under registration number 316174. FFRF is authorised by the Central Bank of Ireland as a designated investment company pursuant to Section 1395 of Part 24 of the Companies Act 2014. FFRF’s registered office is 200 Capital Dock, 79 Sir John Rogerson's Quay, Dublin 2, Ireland.

FFRF invests in a specific sector or geographical area and the returns may be more volatile than a more diversified fund.

An investment in the FFRF, FTIF and/or FTGF (the “Fund(s)”) entails risks which are described in the Fund(s)’s Prospectus. Franklin Templeton (“FT”) provides no guarantee or assurance that the Fund(s)’s investment objective will be attained. The value of shares in the Fund(s) 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. When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations. Investments in derivative instruments entail specific risks that may increase the risk profile of the fund.

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. FT and its management groups have exercised professional care and diligence in the collection and processing of the information in this report. 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. FT makes no representations or warranties with respect to the accuracy of this presentation. FT shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this presentation or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission. Any research and analysis contained in this document has been procured by FT for its own purposes.

No shares of the Fund(s) may be directly or indirectly offered or sold to residents of the United States of America. Shares of the Fund(s) 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 Fund(s) may use financial derivatives or other instruments which may entail specific risks more fully described in the Fund(s)'s Documents.

Subscriptions to shares of the Fund(s) should only be made on the basis of the Fund(s)’s 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.

FFRF is notified for marketing in multiple EU Member States under the AIFMD Directive. FFRF can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 32a of the AIFMD Directive. The sub-funds of FTIF and FTGF are notified for marketing in multiple EU Member States under the UCITS Directive. FTIF and FTGF can terminate such notifications for any share class and/or sub-fund 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.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

References to indices are made for comparative purposes only and are provided to represent the investment environment existing during the time periods shown. Indices are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. The performance of the index does not include the deduction of expenses and does not represent the performance of any FT fund.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Issued by Franklin Templeton Investments (Asia) Limited, 62/F, Two IFC, 8 Finance Street, Central, Hong Kong. For further information on paying agents and representative agents of FTGF, please refer to its Prospectus.


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.

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