Investovanie v prostredí rastúcich úrokových sadzieb-

Templeton Global Bond Fund

Dlhopisy

3

Rozdelenie podľa krajín (30.4.2017)

ST CASH AND CASH EQUIVALENTS

OTHER

SUPRANATIONAL

Portugal

EMU EUROPE

Ukraine

NON-EMU EUROPE

EUROPE

South Africa

Ghana

MIDDLE EAST / AFRICA

JAPAN

Philippines

India

Indonesia

South Korea

ASIA EX-JAPAN

ASIA

USA

Peru

Colombia

Argentina

Brazil

Mexico

NON-US AMERICAS

AMERICAS

-2% 9% 20% 31% 42% 53%

14.27

-0.07

0.54

0.22

0.22

2.17

2.17

2.38

1.63

1.67

3.29

0.00

0.46

7.67

10.63

14.29

33.06

33.06

-1.98

0.51

4.24

4.63

15.01

24.12

48.51

46.53

Regions Sub-Regions Countries

4

Porovnanie s indexom (30.4.2017)

Portfolio % Index % Over/Under %

AMERICAS 46.53 42.28 4.25

NON-US AMERICAS 48.51 1.26 47.25

Mexico 24.12 0.00 24.12

Brazil 15.01 0.00 15.01

Argentina 4.63 0.00 4.63

Colombia 4.24 0.00 4.24

Peru 0.51 0.00 0.51

Canada 0.00 1.26 -1.26

USA -1.98 41.02 -43.00

ASIA 33.06 22.82 10.23

ASIA EX-JAPAN 33.06 1.57 31.48

South Korea 14.29 0.00 14.29

Indonesia 10.63 0.00 10.63

India 7.67 0.00 7.67

Philippines 0.46 0.00 0.46

Australia 0.00 1.57 -1.57

JAPAN 0.00 21.25 -21.25

MIDDLE EAST /

AFRICA3.29 0.00 3.29

Ghana 1.67 0.00 1.67

South Africa 1.63 0.00 1.63

EUROPE 2.38 34.89 -32.51

NON-EMU EUROPE 2.17 8.18 -6.02

Ukraine 2.17 0.00 2.17

United Kingdom 0.00 7.36 -7.36

Denmark 0.00 0.47 -0.47

Sweden 0.00 0.35 -0.35

EMU EUROPE 0.22 26.71 -26.49

Portugal 0.22 0.00 0.22

France 0.00 7.09 -7.09

Portfolio % Index % Over/Under %

Italy 0.00 6.79 -6.79

Germany 0.00 5.29 -5.29

Spain 0.00 4.05 -4.05

Belgium 0.00 1.86 -1.86

Netherlands 0.00 1.64 -1.64

SUPRANATIONAL 0.54 0.00 0.54

OTHER -0.07 0.00 -0.07

ST CASH AND CASH

EQUIVALENTS14.27 0.00 14.27

Templeton Global Bond Fund má relatívne vyšší výnos do

splatnosti 1

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1. Not representative of the amount of income shareholders can expect to receive from the funds. Yield to maturity (YTM) is the rate of return anticipated on a bond if it is held until the

maturity date. The calculation of YTM takes into account the current market price, par value, coupon interest rate and time to maturity. For a fund, this represents the weighted

average yield to maturity of the portfolio’s holdings.

Templeton Global Bond Fund

k 30.4.2017

Past performance does not guarantee future results.

7.62

1.09

Templeton Global Bond Fund

JP Morgan Global Government Bond Index

Meny

7

Rozdelenie podľa mien (30.4.2017)

EURO

NON-EURO

EUROPE

JAPANESE YEN

Australian Dollar

South Korean Won

Malaysian Ringgit

Philippine Peso

Indonesian Rupiah

Indian Rupee

ASIA EX-JAPAN

ASIA

South Africa Rand

Ghanaian Cedi

MIDEAST/AFRICA

Peru Nuevo Sol

Chilean Peso

Colombian Peso

Argentine Peso

Brazilian Real

Mexican Peso

NON-U.S. DOLLAR

U.S. DOLLAR

AMERICAS

-41% -1% 39% 79% 119% 159%

-35.73

0.00

-35.73

-40.76

-9.43

-0.01

0.06

0.69

10.63

13.80

15.74

-25.01

1.63

1.67

3.29

0.51

4.08

4.24

4.63

15.01

24.66

53.13

104.32

157.45

Regions Sub-Regions Currencies

8

9

Rozdelenie podľa mien (30.4.2017)

EURO

NON-EURO

EUROPE

JAPANESE YEN

Australian Dollar

South Korean Won

Malaysian Ringgit

Philippine Peso

Indonesian Rupiah

Indian Rupee

ASIA EX-JAPAN

ASIA

South Africa Rand

Ghanaian Cedi

MIDEAST/AFRICA

Peru Nuevo Sol

Chilean Peso

Colombian Peso

Argentine Peso

Brazilian Real

Mexican Peso

NON-U.S. DOLLAR

U.S. DOLLAR

AMERICAS

-41% -1% 39% 79% 119% 159%

-35.73

0.00

-35.73

-40.76

-9.43

-0.01

0.06

0.69

10.63

13.80

15.74

-25.01

1.63

1.67

3.29

0.51

4.08

4.24

4.63

15.01

24.66

53.13

104.32

157.45

Regions Sub-Regions Currencies

Úrokové sadzby/ durácia

For Broker/Dealer and Professional Use Only. Not for Distribution to the Public

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NÍZKA DURÁCIAVysoký podiel dlhopisov s krátkou splatnosťou

Templeton Global Bond Fund

k 30.4.2017

Source: Franklin Templeton Investments, as of 28.2.2017.

All portfolio holdings are subject to change.

Weightings as percent of total. Percentage may not equal 100% due to rounding.

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Portfolio %

0 to 1 Year 35.78

1 to 2 Years 8.07

2 to 3 Years 6.96

3 to 5 Years 17.96

5 to 7 Years 11.78

7 to 10 Years 13.70

10 to 15 Years 5.16

15 to 20 Years 1.10

20 to 30 Years -0.50

30+ Years 0.00

Templeton Global Bond Fund má nízku priemernú

duráciu

1

4

0.23

7.76

Templeton Global Bond Fund JP Morgan Global Government Bond Index

Templeton Global Bond Fund

All portfolio holdings are subject to change.

1. Source: © 2014 JPMorgan Chase & Co. All rights reserved. For further information please refer to the slide: Additional Information.

2. Source: Barclays Global Family of Indices. © 2014 Barclays Capital Inc. Used with permission.

k 30.4.2017

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Rozdelenie podľa durácie (30.4.2017)

U.S. DOLLAR

Peru Nuevo Sol

Argentine Peso

Mexican Peso

Colombian Peso

Brazilian Real

NON-U.S. DOLLAR

AMERICAS

NON-EURO

EURO

EUROPE

Ghanaian Cedi

South Africa Rand

MIDEAST/AFRICA

JAPANESE YEN

Philippine Peso

Indian Rupee

South Korean Won

Indonesian Rupiah

ASIA EX-JAPAN

ASIA

-3% -1% 1% 3%

-2.53

0.01

0.19

0.19

0.29

0.63

1.31

-1.21

0.00

0.00

0.00

0.07

0.13

0.20

0.00

0.01

0.32

0.36

0.56

1.24

1.24

Regions Sub-Regions Currencies

Úrokový swap (IRS)

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Úrokový swap (IRS) je dohoda dvoch strán vymeniť si úrokové záväzky

(platby) v rôznych sadzbách vzťahujúce sa k rovnakej nominálnej sume

(istine).

Spravidla sa pritom jedná o výmenu fixnej platby úrokov za variabilnú

platbu.

Dochádza teda iba k výmene úrokov, no nie k výmene istiny

(tj.kapitálovému toku).

Výnos

Kupujúci IRS (platiteľ fixného úroku) profituje z nárastu úrokových

sadzieb. Predávajúci IRS (nadobúdateľ, príjemca fixného úroku)

profituje v prípade poklesu úrokových sadzieb.

Výsledky

For Professional Investors Only. Not for Distribution to Retail Investors.

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Historická výkonnosť

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Templeton Global Bond Fund

k 31.12.2016

All performance data shown is in the Fund currency stated and net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations.

The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the ful l amount invested. Past performance does not guarantee future results. Current performance may differ from

figures shown. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, performance may also be affected by currency fluctuations. Please visit franklintempleton.lu for

current performance.Performance data may represent blended share class performance, e.g. hybrid created from an A(dis) share class which was converted to A(acc).The Fund offers other share classes subject to different fees and expenses, which will affect their performance. Please see the prospectus for details.

Ročná výkonnosť (%)

Inception

Date 1 Yr 3 Yrs 5 Yrs 10 Yrs 20 Yrs

Since

Incept

Templeton Global Bond Fund - A (Mdis) USD—Net of Fees 28.2.1991 4.35 -0.06 3.28 6.04 6.22 6.71

JP Morgan Global Government Bond Index 1.57 -0.14 -0.75 3.35 4.33 5.41

Kumulatívna výkonnosť (%)

Inception

Date 1 Mth 3 Mths YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs 20 Yrs

Since

Incept

Templeton Global Bond Fund - A (Mdis) USD—Net of Fees 28.2.1991 3.24 8.37 4.35 4.35 -0.19 17.54 79.85 234.50 435.58

JP Morgan Global Government Bond Index -0.64 -8.30 1.57 1.57 -0.43 -3.67 39.02 133.46 289.87

For Professional Investors Only. Not for Distribution to Retail Investors.

19

Historická výkonnosť

19

Templeton Global Bond Fund

k 30.4.2017

All performance data shown is in the Fund currency stated and net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations.

The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the ful l amount invested. Past performance does not guarantee future results. Current performance may differ from

figures shown. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, performance may also be affected by currency fluctuations. Please visit franklintempleton.lu for

current performance.Performance data may represent blended share class performance, e.g. hybrid created from an A(dis) share class which was converted to A(acc).The Fund offers other share classes subject to different fees and expenses, which will affect their performance. Please see the prospectus for details.

Ročná výkonnosť(%)

Inception

Date 1 Yr 3 Yrs 5 Yrs 10 Yrs 20 Yrs

Since

Incept

Templeton Global Bond Fund - A (acc) CZK-H1—Net of Fees (in CZK) 11.5.2012 8.14 0.22 N/A N/A N/A 2.32

JP Morgan Global Government Bond Index (in USD) 11.5.2012 -3.41 -0.50 -0.34 3.41 4.71 -0.32

Templeton Global Bond Fund - A (Mdis) USD—Net of Fees (in USD) 28.2.1991 10.21 0.94 2.53 5.97 6.58 6.77

Kumulatívna výkonnosť(%)

Inception

Date 1 Mth 3 Mths YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs 20 Yrs

Since

Incept

Templeton Global Bond Fund - A (acc) CZK-H1—Net of Fees (in CZK) 11.5.2012 -1.29 3.25 2.38 8.14 0.66 N/A N/A N/A 12.07

JP Morgan Global Government Bond Index (in USD) 11.5.2012 1.29 1.82 2.74 -3.41 -1.48 -1.69 39.79 151.04 -1.56

Templeton Global Bond Fund - A (Mdis) USD—Net of Fees (in USD) 28.2.1991 -0.54 4.24 3.69 10.21 2.85 13.28 78.53 257.46 455.35

For Institutional Investor Use Only / Not For Distribution To The Public

Ďakujem za pozornosť

a teším sa na budúce otázky na:

ludovit.javorsky@franklintempleton.com

421 903 408 410

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