Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Templeton Global Bond A  TPINX Release date as of 2024-04-30. Data on page is subject to change. Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-04-30 Out of 159 Global Bond Funds Morningstar® Style Box™ What is this? As of 2024-03-31 Total Fund Assets ($ Mil) 3,834.51 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks current income with capital appreciation and growth of income. Under normal market conditions, the fund invests at least 80% of its net assets in "bonds." Bonds include debt obligations of any maturity, such as bonds, notes, bills and debentures. It invests predominantly in bonds issued by governments, government-related entities and government agencies located around the world. The fund may invest up to 25% of its total assets in bonds that are rated below investment grade or, if unrated determined by the investment manager to be of comparable quality. It is non-diversified.

Morningstar Category: Global Bond Global bond portfolios typically invest 40% or more of their assets in fixed-income instruments issued outside of the U.S. These portfolios invest primarily in investment-grade rated issues, but their strategies can vary. Some follow a conservative approach, sticking with high-quality bonds from developed markets. Others are more adventurous, owning some lower-quality bonds from developed or emerging markets. Some portfolios invest exclusively outside the U.S., while others invest in both U.S. and non-U.S. bonds. Many consistently maintain significant allocations to non-U.S. dollar currencies, while others have the flexibility to make sizeable adjustments between their U.S. dollar and non-U.S. currency exposures.

Performance Growth of $10,000 (from 2014-01-01 to 2024-04-30) Investment: Templeton Global Bond A Benchmark 1: Bloomberg US Agg Bond TR USD Benchmark 2: Bloomberg Global Aggregate TR USD Category: Global Bond This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden. Total Annualized Returns % YTD 1 Year 3 Year 5 Year 10 Year Since Inception Investment -9.41 -8.16 -5.40 -5.11 -1.68 5.46 Bloomberg US Agg Bond TR USD -3.28 -1.47 -3.54 -0.16 1.20 5.24 Bloomberg Global Aggregate TR USD -4.55 -2.48 -5.93 -1.61 -0.44 --- Category -3.89 -0.39 -4.66 -1.31 -0.71 5.02 Morningstar Rating --- --- --- # of compared Global Bond funds covered (3 yrs : out of 159 funds) (5 yrs : out of 140 funds) (10 yrs : out of 117 funds) Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown. Fees and Expenses Total Annual Operating Expense 0.99% Prospectus Net Expense Ratio 0.97% Maximum Sales Charge 3.75% The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio. Waiver Data Type Date % ExpenseRatio Contractual 2025-04-30 0.02

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 0.0 Non-U.S. Stocks 0.0 Bonds 89.2 Cash 10.8 Other 0.0 Total 100.0 Data through 2024-03-31 Morningstar Fixed-Income Sectors % Fund Government 54.78 Corporate 0.00 Securitized 0.00 Municipal 0.00 Cash & Equivalents 6.57 Derivative 38.65 Data through 2024-03-31 Credit Analysis % Bonds AAA 15.24 AA 25.12 A 9.23 BBB 30.54 BB 7.95 B 0.00 Below B 1.71 Not Rated 10.21 Data through 2024-03-31 Holding Status Total Number of Stock Holdings 0 Total Number of Bond Holdings 84 % of Net Assets in Top 10 Holdings 40.08 Turnover % (as of 2023-12-31) 104.28 30 Day SEC Yield % 5.38 Top Holdings Maturity Date Shares Value $000 % of Net Assets Franklin IFT Money Market --- 362,627 362,627 8.77 United States Treasury Bonds 3.625% 2043-08-15 208,570 186,550 4.51 The Republic of Korea 3.5% 2028-09-10 218,715,010 163,454 3.95 India (Republic of) 7.26% 2032-08-22 12,972,780 158,449 3.83 Malaysia (Government Of) 3.899% 2027-11-16 691,620 150,089 3.63 New South Wales Treasury Corporation 2% 2033-03-08 265,064 141,202 3.41 Mexico (United Mexican States) 7.5% 2033-05-26 2,352,480 129,509 3.13 Singapore (Republic of) 2.625% 2032-08-01 171,120 123,040 2.98 Queensland Treasury Corporation 1.75% 2034-07-20 241,968 121,377 2.94 Secretaria Tesouro Nacional 9.91917% 2029-01-01 605,916 121,080 2.93 Data through 2024-03-31

Principal Risks    Credit and Counterparty, Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Nondiversification, Active Management, Income, Interest Rate, Market/Market Volatility, High-Yield Securities, Other, Restricted/Illiquid Securities, Derivatives, Sovereign Debt, Cash Drag, Management Show Risk Definitions

Other Information Inception Date: 1986-09-18 Portfolio Manager(s) Michael J. Hasenstab   (2001-12-31) Michael Hasenstab, Ph.D., has been a lead portfolio manager of Franklin Templeton which he first joined in 1995, rejoining again in 2001 after a three-year leave to obtain his Ph.D.. He was EVP and CIO for Templeton Global Macro, responsible for global macroeconomic and country-specific analysis, and interest rate, currency and sovereign credit market outlooks. He is an economic advisor to the CEO of Franklin Resources, Inc., providing perspective and insight through the lens of Templeton Global Macro.Dr. Hasenstab holds a Ph.D. in economics at Australian National University. Calvin Ho   (2018-12-31) Calvin Ho, Ph.D., is a senior vice president and director of research for Templeton Global Macro. Dr. Ho also serves as a portfolio manager for a number of funds, including Templeton Global Bond Fund, Templeton Global Total Return Fund and Templeton Emerging Market Bond Fund. Dr. Ho joined Franklin Templeton Investments in 2005 after obtaining his Ph.D. at UC Berkeley. He has been a core part of the Templeton Global Macro team since 2005, working closely with Dr. Michael Hasenstab as a lead research analyst. Dr. Ho holds both B.A. and Ph.D. in economics from University of California, Berkeley. Investment Advisor(s) Franklin Advisers, Inc. Issuer Franklin Templeton Investments

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