Franklin Emerging Market Debt Opps FEMDX

The fund invests at least 80% of its net assets in debt securities of "emerging market countries." It invests mainly in debt securities issued by sovereign and subsovereign government entities, including securities issued by political subdivisions, local authorities, government agencies, government owned, controlled, sponsored or guaranteed corporations and supranationals located in emerging market countries. The fund may invest up to 100% of its assets in debt securities that are rated below investment grade. It may also invest up to 15% of its net assets in defaulted debt securities.