New York City, NY – Investors should always be aware of the risks involved in investments, as they could potentially lose their principal. Small- and mid-cap stocks tend to carry greater risks and volatility compared to large-cap stocks. When considering international investments, factors such as currency fluctuations and uncertainties in social, economic, and political landscapes should be taken into account, which may add to the volatility. These risks are heightened in emerging markets. Real estate investment trusts (REITs) closely follow the performance of real estate markets and are subject to certain risks such as illiquidity, credit, and interest rate risks.
It is crucial to note that the manager of a fund may take into consideration environmental, social, and governance (ESG) criteria during the investment process, although it may not always be the key factor in selecting securities. Additionally, not every investment may be assessed for ESG criteria, and each factor may not be thoroughly evaluated. All the potential risks associated with investments are outlined in the fund’s prospectus.
Investors should carefully assess a fund’s investment objectives, risks, charges, and expenses before making any decisions. All relevant information can be found in the fund’s prospectus or summary prospectus, if available, on the company’s website. It is recommended to thoroughly review this information before proceeding with any investment decisions.
Franklin Distributors, LLC is a trusted member of FINRA/SIPC, ensuring compliance with all regulations and guidelines set forth in the investment industry. It is important to stay informed about all important data provider notices and terms, readily available on their website for investors to access.
Gross expenses are a fund’s total annual operating expenses as stated in the prospectus at the time of publication. Actual expenses may vary and could impact the portfolio’s returns. Net expenses are reflective of contractual fee waivers, expense caps, and/or reimbursements that cannot be terminated without the Board’s approval before the Fee_Waiver_Effective_Date. These waivers and reimbursements may be adjusted or discontinued at any time without prior notice.
When analyzing performance quotations for a fund, it is important to consider the methods of calculation used. The performance data provided reflects specific calculation methods based on the fund’s Advisor Class inception date. Taking into account all charges and fees applicable to that class, it provides a clear picture of the fund’s performance over time.
