Franklin Templeton Global Funds plc FTGF Western Asset US High Yield Fund Klasse A USD ACC/  IE00B19Z4V13  /

The Fund's investment objective is to provide a high level of current income. The Fund will seek to achieve its investment objective by investing at least 70% of its net asset value in high-yielding debt securities and instruments of US issuers (such investment may be directly in such shares or indirectly via investments in other investment funds) that are denominated in US dollars that are listed or traded on regulated markets listed. The Fund many invest up to 10% in contingent convertible bonds (bonds that can convert into equity upon a specified event taking place). The bonds purchased by the fund may be issued by corporations and governments. The Fund may invest in debt securities rated as low as D by S&P or the equivalent by another NRSRO, which ratings indicate that the obligations are highly speculative and may be in default or in danger of default as to principal and interest. The Fund may invest in derivatives, financial instruments whose value is derived from the value of other assets, to help try to achieve the Fund's objective as well as to reduce risk or cost or to generate additional growth or income for the Fund.

The Fund's investment objective is to provide a high level of current income.