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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 invest extensively in financial derivative instruments for hedging purposes as well as investment purposes which may expose the sub-funds to the potential for significant losses and as a result may be subject to counterparty and volatility risk.
- Some sub-funds may invest in investment funds, i.e. Underlying Funds, which will be subject to the risks associated with such Underlying Funds. There is no assurance on the Underlying Funds that (1) the liquidity will always be sufficient to meet redemption requests; and (2) the investment objective and strategy will be successfully achieved while the sub-funds do not have control of the investments of the Underlying Funds.
- Some sub-funds may distribute income gross of expense and/or 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 Templeton Asia Fund Series (“FTAFS”)
IMPORTANT INFORMATION
- A sub-fund apply an actively managed asset allocation approach and could experience losses if the Manager’s judgment about markets, future volatility, interest rates, industries, sectors and regions prove to be incorrect. Legislative or regulatory developments (which may apply retrospectively) may affect the investment techniques available to the Manager.
- A sub-fund may invest in investment funds which there can be no assurance that (1) the liquidity of the underlying investment funds will always be sufficient to meet redemption requests; and (2) the investment objective will be successfully achieved despite the due diligence and monitoring procedures undertaken by the Manager.
- A sub-fund may invest in non-investment grade debt securities, and as a result may be subject to liquidity and counterparty default risks.
- A sub-fund may distribute income gross of expense and/or at its discretion pay dividend out of the capital of the Fund.
- 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-fund’s capital or payment of dividends effectively out of the sub-fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.
- The 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.
- The sub-funds’ value may be affected by exchange control regulations and changes in exchange rates.
- Investors should not invest in the sub-funds unless the intermediary who sells them to you has advised you that they are suitable for you and has explained how they are 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 2015 (the "Prospectus") and shall be read and construed in conjunction with the Prospectus.
- 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 invests primarily in senior secured corporate loans and corporate debt securities with floating interest rates.
- The Master Fund may invest in debt securities and money market instruments, and as a result may be subject to interest rate risk caused by movements in interest rates.
- The Master Fund may invest in debt securities issued by governments and corporate entities on which issuers may not able or willing to repay the principal and/or interest when due.
- The Master Fund may invest in low-rated or non-investment grade debt securities, and as a result may be subject to liquidity and counterparty default risks, which may result in loss of part or entire amount of your investment.
- The Master Fund may invest in emerging market securities. 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 in debt securities that are not readily marketable or may be subject to restrictions on resale. These investments may be subject to liquidity 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 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 Sealand China Prospect Mixed Assets Fund
IMPORTANT INFORMATION
- Franklin Sealand China Prospect Mixed Assets Fund (the “Fund”) is authorized for public offering in Hong Kong pursuant to the Mainland-Hong Kong Mutual Recognition of Funds (“MRF”) arrangement.
- The Fund seeks long-term appreciation of assets by investing primarily in A-Shares publicly issued and listed according to laws within China. The Fund may also invest 5% - 40% of its net assets in bonds issued according to laws within China, cash equivalent assets, and other types of securities permitted by CSRC.
- The Fund is subject to risks associated with MRF arrangement, including quota restrictions, eligibility requirements, Mainland China tax risk and different market practices.
- The Fund invests primarily in securities related to the Mainland China market and is subject to higher concentration risk and as a result may be more volatile than funds following a more diversified policy. These securities are exposed to higher risk of market, volatility, high valuation, liquidity, small and mid-capitalisation companies, political and regulatory changes that may pose additional risk to the Fund.
- RMB is currently not freely convertible and is subject to exchange controls and restrictions. There is no guarantee that RMB will not depreciate. Investments acquired by the Fund will be denominated in RMB whereas the classes of units of the Fund may be denominated in other currencies, which may expose investors to exchange rate fluctuations. Under exceptional circumstance, investors of the CNH class may not receive RMB upon redemption of investments and/or dividend payment or such payment may be delayed due to the exchange controls and restrictions applicable to RMB.
- The Fund may invest in defaulted debt securities on which the issuers are not currently making interest payment, and as a result may be subject to liquidity and counterparty default risks.
- The Fund may at its discretion pay dividend out of the capital of the relevant class. 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 relevant class’ capital or payment of dividends effectively out of the relevant class’ 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.
Please accept the terms and conditions before continuing:
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 invest extensively in financial derivative instruments for hedging purposes as well as investment purposes which may expose the sub-funds to the potential for significant losses and as a result may be subject to counterparty and volatility risk.
- Some sub-funds may invest in investment funds, i.e. Underlying Funds, which will be subject to the risks associated with such Underlying Funds. There is no assurance on the Underlying Funds that (1) the liquidity will always be sufficient to meet redemption requests; and (2) the investment objective and strategy will be successfully achieved while the sub-funds do not have control of the investments of the Underlying Funds.
- Some sub-funds may distribute income gross of expense and/or 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 Templeton Asia Fund Series (“FTAFS”)
IMPORTANT INFORMATION
- A sub-fund apply an actively managed asset allocation approach and could experience losses if the Manager’s judgment about markets, future volatility, interest rates, industries, sectors and regions prove to be incorrect. Legislative or regulatory developments (which may apply retrospectively) may affect the investment techniques available to the Manager.
- A sub-fund may invest in investment funds which there can be no assurance that (1) the liquidity of the underlying investment funds will always be sufficient to meet redemption requests; and (2) the investment objective will be successfully achieved despite the due diligence and monitoring procedures undertaken by the Manager.
- A sub-fund may invest in non-investment grade debt securities, and as a result may be subject to liquidity and counterparty default risks.
- A sub-fund may distribute income gross of expense and/or at its discretion pay dividend out of the capital of the Fund.
- 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-fund’s capital or payment of dividends effectively out of the sub-fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.
- The 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.
- The sub-funds’ value may be affected by exchange control regulations and changes in exchange rates.
- Investors should not invest in the sub-funds unless the intermediary who sells them to you has advised you that they are suitable for you and has explained how they are 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 2015 (the "Prospectus") and shall be read and construed in conjunction with the Prospectus.
- 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 invests primarily in senior secured corporate loans and corporate debt securities with floating interest rates.
- The Master Fund may invest in debt securities and money market instruments, and as a result may be subject to interest rate risk caused by movements in interest rates.
- The Master Fund may invest in debt securities issued by governments and corporate entities on which issuers may not able or willing to repay the principal and/or interest when due.
- The Master Fund may invest in low-rated or non-investment grade debt securities, and as a result may be subject to liquidity and counterparty default risks, which may result in loss of part or entire amount of your investment.
- The Master Fund may invest in emerging market securities. 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 in debt securities that are not readily marketable or may be subject to restrictions on resale. These investments may be subject to liquidity 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 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 Sealand China Prospect Mixed Assets Fund
IMPORTANT INFORMATION
- Franklin Sealand China Prospect Mixed Assets Fund (the “Fund”) is authorized for public offering in Hong Kong pursuant to the Mainland-Hong Kong Mutual Recognition of Funds (“MRF”) arrangement.
- The Fund seeks long-term appreciation of assets by investing primarily in A-Shares publicly issued and listed according to laws within China. The Fund may also invest 5% - 40% of its net assets in bonds issued according to laws within China, cash equivalent assets, and other types of securities permitted by CSRC.
- The Fund is subject to risks associated with MRF arrangement, including quota restrictions, eligibility requirements, Mainland China tax risk and different market practices.
- The Fund invests primarily in securities related to the Mainland China market and is subject to higher concentration risk and as a result may be more volatile than funds following a more diversified policy. These securities are exposed to higher risk of market, volatility, high valuation, liquidity, small and mid-capitalisation companies, political and regulatory changes that may pose additional risk to the Fund.
- RMB is currently not freely convertible and is subject to exchange controls and restrictions. There is no guarantee that RMB will not depreciate. Investments acquired by the Fund will be denominated in RMB whereas the classes of units of the Fund may be denominated in other currencies, which may expose investors to exchange rate fluctuations. Under exceptional circumstance, investors of the CNH class may not receive RMB upon redemption of investments and/or dividend payment or such payment may be delayed due to the exchange controls and restrictions applicable to RMB.
- The Fund may invest in defaulted debt securities on which the issuers are not currently making interest payment, and as a result may be subject to liquidity and counterparty default risks.
- The Fund may at its discretion pay dividend out of the capital of the relevant class. 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 relevant class’ capital or payment of dividends effectively out of the relevant class’ 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.
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Copyright © 2021. Franklin Templeton. All rights reserved.
This material is intended to be of general interest only. This material should not be construed as individual investment advice or offer or solicitation to buy, sell or hold any shares of fund or security or to adopt any investment strategy. The information provided for any individual security mentioned is not a sufficient basis upon which to make an investment decision. Investments involves risks. Value of investments may go up as well as down and 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 or a strategy 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 or a strategy invests in emerging markets, the risks can be greater than in developed markets. Where an investment product or a strategy invests in derivative instruments, this entails specific risks that may increase the risk profile of the investment product or strategy. Where an investment product or a strategy invests in a specific sector or geographical area, the returns may be more volatile than a more diversified investment product or strategy. Franklin Templeton accepts no liability whatsoever for any direct or indirect consequential loss arising from use of this material or any comment, opinion or estimate herein. This material may not be reproduced, distributed or published without prior written permission from Franklin Templeton.
Any hedged share class presented in this material will attempt to hedge the currency risk between the base currency of the Fund 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.
Please contact your financial advisor if you are in doubt of any information contained herein.
This material is issued by Franklin Templeton Investments (Asia) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong.
Unless stated otherwise, all information is as of the date stated above. Source: Franklin Templeton.
