AN UNCONSTRAINED APPROACH TO FIXED INCOME

1. Source: Bloomberg, as of December 2020, showing amount outstanding; All World Government Bonds are included, duplicate bonds are consolidated.
2. Includes short-term securities. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. 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). Portfolio breakdown percentages may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
3. Sources: Moody’s, S&P and Fitch. Cash includes equivalents, which may be rated. The ACQ may be lower if cash and equivalents are excluded from the calculation. Derivatives are excluded from this breakdown. The definition of cash in this document may not match the definition of “cash and cash equivalents” listed in the fund facts or management reports of fund performance for the fund, which includes bonds that have a remaining term to maturity of 365 days or less that are issued by certain governments, supranational agencies or financial institutions and have a “designated rating” (as defined in Canadian securities law). As such, the cash amounts listed may differ.
4. Yield to Maturity ('YTM') also known as the 'Gross Redemption Yield' or 'Redemption Yield'. The rate of return anticipated on a bond if it is held until the maturity date. YTM is considered a long-term bond yield expressed as an annual rate. The calculation of YTM takes into account the current market price, par value, coupon interest rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate. Yield figures quoted should not be used as an indication of the income that has or will be received. Yield figures are based on the portfolio's underlying holdings and do not represent a payout of the portfolio. YTM is gross of fees.
5. Sources: Franklin Templeton Investments and Morningstar Research Inc; as of December 31, 2020.
6. Sources: Franklin Templeton Investments and Morningstar Research Inc. Comparison to Morningstar Global Fixed Income category average. Data is based on calendar year performance since inception of Templeton Global Bond Fund – Series F (inception June 18, 2001). 

Series F. Data is based on calendar year performance since inception of Templeton Global Bond Fund – Series F (inception June 18, 2001).
Templeton Global Bond Fund Series F returns as of December 31, 2020 – 1 Yr: -2.5%, 2 Yrs: -3.8%,  3 Yrs: -0.9%, 5 Yrs: -0.5%, 10 Yrs: 2.1%, 15 Yrs: 4.3%, SI: 4.4%. Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.