You should carefully consider a fund’s investment goals, risks, charges and expenses before investing. You’ll find this and
other information in the fund’s summary prospectus and/or prospectus, which you can obtain from your financial advisor.
Please read a prospectus carefully before investing.
Dividends will vary depending on the fund’s income, and past distributions are not indicative of future trends.
All investments involve risks, including possible loss of principal. The fund’s share price and yield will be affected by interest
rate movements. 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. The fund’s portfolio includes a substantial portion of higher-yielding, lower-rated corporate bonds because of the relatively higher yields they offer. Floating-rate loans are lower-rated, higher-yielding
instruments, which are subject to increased risk of default and can potentially result in loss of principal. These securities
carry a greater degree of credit risk relative to investment-grade securities. Stock prices fluctuate, sometimes rapidly and
dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
These and other risk considerations are discussed in the fund’s prospectus.
© 2017 Franklin Templeton Distributors, Inc. All rights reserved.
69 YEARS OF
For plan participants nearing retirement, earning
monthly investment income is a top priority. And since
1948, our investors have come to expect regular
income delivered on time, every time.
FRANKLIN INCOME FUND
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