Fund Description
The fund seeks to provide a high level of current income. Its secondary goal is capital appreciation over the long term. The fund is a multi-sector income fund that invests primarily in U.S. and foreign debt securities.
Fund Overview
Total Net Assets [All Share Classes] $3,896 million
Fund Inception Date | 5/24/1994 |
Dividend Frequency Monthly on the 2nd business day
Number of Holdings | 697 | ||
Share Class Information | |||
NASDAQ | |||
Share Class | CUSIP | Symbol | |
Advisor | 354 713 737 | FKSAX | |
A | 354 713 505 | FRSTX | |
C | 354 713 836 | FSGCX | |
R | 354 713 554 | FKSRX | |
R6 | 354 713 323 | FGKNX | |
Fund Management | |||
Years with | Years of | ||
Firm | Experience | ||
Sonal Desai, PhD | 11 | 27 | |
Patricia O'Connor, CFA | 23 | 25 | |
William Chong | 12 | 12 | |
David Yuen, CFA | 25 | 33 |
Maximum Sales Charge Class A: 3.75% initial sales charge
Class C: 1.00% contingent deferred sales charge (CDSC) in the first year only
Total Annual Operating Expenses
Without | ||
Share Class | With Waiver | Waiver |
A | 0.88% | 0.90% |
C | 1.28% | 1.30% |
30-Day Standardized Yield | ||
Share Class | With Waiver | Without Waiver |
A | 2.11% | 2.07% |
C | 1.79% | 1.75% |
Asset Allocation (Market Value %)
Fixed Income | 99.48 | |
Equity | 0.55 | |
Cash & Cash Equivalents | -0.03 | |
Franklin Strategic Income Fund | Multi-Sector |
June 30, 2021 | |
Fund Fact Sheet | Share Classes: A, C
Performance
Growth of a $10,000 Investment - Without Sales Charge (from 05/24/1994-06/30/2021)
$62,500 | Franklin Strategic Income | |||
$50,000 | Fund - Class A: | |||
$37,500 | $52,912 | |||
$25,000 | ||||
$12,500 | ||||
$0 | ||||
05/94 | 02/01 | 11/07 | 08/14 | 06/21 |
Total Returns % (as of 6/30/2021)
CUMULATIVE | AVERAGE ANNUAL | |||||||||||||
Since | Inception | |||||||||||||
Share Class | YTD | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs Inception | Date | ||||||||
A | With Sales Charge | -2.10 | 4.38 | 2.89 | 3.01 | 3.05 | 6.19 | 5/24/1994 | ||||||
Without Sales Charge | 1.70 | 8.39 | 4.20 | 3.81 | 3.45 | 6.34 | 5/24/1994 | |||||||
C | With Sales Charge | 0.49 | 6.93 | 3.77 | 3.38 | 3.03 | 4.86 | 5/1/1998 | ||||||
Without Sales Charge | 1.49 | 7.93 | 3.77 | 3.38 | 3.03 | 4.86 | 5/1/1998 | |||||||
Calendar Year Total Returns % - Without Sales Charge | ||||||||||||||
Share Class | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||
A | 3.48 | 8.16 | -1.88 | 4.50 | 7.98 | -4.26 | 1.67 | 3.20 | 12.35 | 2.66 | ||||
C | 3.05 | 7.72 | -2.28 | 4.19 | 7.44 | -4.65 | 1.36 | 2.69 | 11.91 | 2.25 | ||||
Share Class | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||
A | 10.86 | 25.55 | -10.94 | 5.87 | 8.20 | 1.50 | 9.86 | 22.08 | 4.70 | 5.40 | ||||
C | 10.53 | 24.90 | -11.21 | 5.35 | 7.78 | 1.10 | 9.43 | 21.59 | 4.30 | 4.99 |
Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. The fund's investment returns and principal values will change with market conditions, and you may have a gain or a loss when you sell your shares. Please call Franklin Templeton at (800) DIAL BEN/(800)
342-5236 or visit franklintempleton.com for the most recent month-end performance.
If the sales charge had been included, the return would have been lower.
The fund has a fee waiver associated with any investment it makes in a Franklin Templeton money fund and/or other Franklin Templeton fund, contractually guaranteed through August 31, 2021. Fund investment results reflect the fee waiver; without this waiver, the results would have been lower.
Fund Measures
Average Duration | 4.02 Years |
Average Weighted | 5.63 Years |
Maturity | |
Standard Deviation (3 | 7.14% |
Yrs) - Class A |
tel: (800) DIAL BEN/342-5236franklintempleton.com
Not FDIC Insured | May Lose Value | No Bank Guarantee
Franklin Strategic Income Fund | June 30, 2021 |
Composition of Fund
Franklin Strategic Income Fund Bloomberg Barclays U.S. Aggregate Index
Geographic (Notional Exposure) | % of Total | ||
United States | 91.11 | / | 92.07 |
China | 2.81 | / | 0.21 |
Indonesia | 2.02 | / | 0.08 |
Colombia | 1.71 | / | 0.18 |
Mexico | 1.65 | / | 0.34 |
Brazil | 1.62 | / | 0.06 |
France | 1.47 | / | 0.12 |
Kazakhstan | 1.12 | / | 0.00 |
Ukraine | 1.01 | / | 0.00 |
Others | 14.98 | / | 6.93 |
Cash & Cash Equivalents | -0.03 | / | 0.00 |
Portfolio Data Disclosures
Sector (Notional Exposure) | % of Total | ||
High Yield Corporates | 39.72 | / | 0.00 |
Interest Rate Derivatives | 14.75 | / | 0.00 |
Non-Local Currency Emerging Market Bonds | 13.11 | / | 1.05 |
Investment Grade Corporates | 11.84 | / | 26.40 |
Bank Loans | 8.95 | / | 0.03 |
Residential Mortgage-Backed Securities | 8.58 | / | 0.00 |
Collateralized Loan Obligation | 5.15 | / | 0.00 |
Non-US Developed Bonds | 4.05 | / | 2.81 |
Agency Mortgage-Backed Securities | 3.04 | / | 27.54 |
Others | 10.30 | / | 42.17 |
Cash & Cash Equivalents | -0.03 | / | 0.00 |
Market value figures reflect the trading value of the investments. Notional exposure figures are intended to estimate the portfolio's exposure, including any hedged or increased exposure through certain derivatives held in the portfolio (or their underlying reference assets). Interest Rate Derivatives sector consists of Treasury, interest rate and other derivatives that are primarily used for duration management. Average Duration and Average Weighted Maturity reflect certain derivatives held in the portfolio (or their underlying reference assets). Portfolio breakdown percentages may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
What Are the Risks?
All investments involve risks, including possible loss of principal. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. Changes in the financial strength of a bond issuer or in a bond's credit rating may affect its value. High yields reflect the higher credit risks associated with certain lower-rated securities held in the portfolio. Floating-rate loans and high-yield corporate bonds are rated below investment grade and are subject to greater risk of default, which could result in loss of principal-a risk that may be heightened in a slowing economy. The risks of foreign securities include currency fluctuations and political uncertainty. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. Investing in derivative securities and the use of foreign currency techniques involve special risks as such may not achieve the anticipated benefits and/or may result in losses to the fund. These and other risk considerations are discussed in the fund's prospectus.
Glossary
Average Duration: A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. The weighted average duration of a fund reflects the effective duration of the underlying issues, based on the size of each holding.
Average Weighted Maturity: An estimate of the number of years to maturity, taking the possibility of early payments into account, for the underlying holdings.
Standard Deviation: A measure of the degree to which a fund's return varies from the average of its previous returns. The larger the standard deviation, the greater the likelihood (and risk) that a fund's performance will fluctuate from the average return.
Important Information
Investors should carefully consider a fund's investment goals, risks, charges and expenses before investing. To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial professional, call us at (800) DIAL BEN/342-5236 or visit franklintempleton.com. Please carefully read a prospectus before you invest or send money.
Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. Fund Management: CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Performance: The fund offers other share classes subject to different fees and expenses, which will affect their performance.
Class A: Prior to 3/1/19, these shares were offered at a higher initial sales charge of 4.25%; thus actual returns would have differed. Total returns with sales charges have been restated to reflect the current maximum initial sales charge of 3.75%.
Class C: Prior to 1/1/04, these shares were offered with an initial sales charge; thus actual returns would have differed.
30-DayStandardized Yield: The fund's 30-Day Standardized Yield is calculated using the net income (interest and dividends) per share earned over a trailing 30-day period (annualized), divided by the fund's share price at the end of that period. It may not equal the fund's actual income distribution rate, which reflects the fund's past dividends paid to shareholders.
Fund Measures: First call/fixed-to-floating date used as maturity date for certain perpetual hybrid securities. Franklin Distributors, LLC. Member FINRA/SIPC.
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Templeton Emerging Markets Income Fund published this content on 14 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 16:47:10 UTC.