There are two new baby funds in the Franklin [profile] household.

The fund giant has launched the Franklin Global Listed Infrastructure Fund and the Franklin Global Government Bond Fund.

The listed infrastructure fund "seeks total investment returns, consisting of income and capital appreciation, by investing in the securities of infrastructure-related companies whose principal business is the ownership, management, construction, operation, utilization or financing of infrastructure assets around the world." It is co-managed by portfolio managers Wilson Magee and Jack Foster.

Meanwhile, the global government bond fund invests in "government bond markets with a focus on investment-grade issues. Through concentration on highly-rated government securities, the Fund has been designed to offer investors a source of portfolio stabilization and diversification." This fund is co-managed by portfolio managers, John W. Beck and David Zahn.

The press releases are below:

Company Press Release

Franklin Templeton Investments Launches Franklin Global Government Bond Fund for US Investors

SAN MATEO, CA--(Sep 12, 2013) - Franklin Templeton Investments today announced the introduction of Franklin Global Government Bond Fund (the "Fund"), investing in global government bond markets with a focus on investment-grade issues.

"At the moment, we believe some bond markets across the globe are offering investors appealing risk-adjusted returns," said John W. Beck, the Fund's co-lead portfolio manager and co-director of Franklin Templeton Fixed Income Group's� global fixed income department. He added, "Default rates on investment-grade government debt have remained near zero. Couple this with the positive trend in global gross domestic product (GDP) growth, the nascent recovery in Europe and the continued fiscal strength of many emerging markets, and we believe this may be an encouraging time for prudent investment in the asset class."�

The Fund's focus on investment-grade government debt seeks to exploit these recent market developments. Through a rigorous bottom-up research process, portfolio managers screen for securities with the best prospects for income, capital appreciation and price stability. By concentrating on highly-rated government securities, the Fund has been designed to offer investors a source of portfolio stabilization and diversification. Historically, investment-grade government bonds have shown little correlation with other major asset classes and have tended to experience lower levels of volatility when compared with high-yield issues.

The Fund seeks to maximize total investment return consisting of a combination of interest income and capital appreciation. It seeks to achieve its investment objective by investing in fixed- or floating-rate debt securities and obligations issued by government and government-related entities located throughout the world and by taking opportunistic exposure to other securities, such as corporate bonds and mortgage-backed securities. The Fund may also invest in investment-grade obligations issued by emerging market governments and make limited purchases of below investment-grade securities.

"We allocate investments across the fixed income universe to help reduce risk and maintain flexibility," said David Zahn, CFA1, FRM2, the Fund's co-lead portfolio manager, and senior vice president and head of European Fixed Income for Franklin Templeton Fixed Income Group�. "This approach enhances our ability to capitalize on market shifts and allows us to identify securities with credible prospects for income, capital appreciation and price stability."

Based in London, Beck and Zahn are supported by the full scope of Franklin Templeton's global resources.�In addition to their local understanding and insight, the investment team leverages: comprehensive fundamental and quantitative research provided by Franklin Templeton Fixed Income Group's global team of over 150 investment professionals; input from Franklin Templeton's Local Asset Management Group; and risk management, compliance and operations support from the broader Franklin Templeton organization. All investments involve risks, including possible loss of principal. Changes in interest rates will affect the value of the fund's portfolio and its share price and yield. 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. Special risks are associated with foreign investing, including currency rate fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. Changes in the financial strength of a bond issuer or in a bond's credit rating may affect its value. Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio which may result in significant volatility and cause the fund to participate in losses (as well as enable gains) on an amount that exceeds the fund's initial investment. The fund may not achieve the anticipated benefits, and may realize losses when a counterparty fails to perform as promised. Currency rates may fluctuate significantly over short periods of time, and can reduce returns. The fund is also non-diversified, which involves the risk of greater price fluctuation than a more diversified portfolio. These and other risk considerations are discussed in the fund's prospectus.

Investors should carefully consider a fund's investment goals, risks, charges and expenses before investing.�To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial advisor, call us at (800) DIAL BEN /(800)342-5236 or visitfranklintempleton.com.�Please carefully read a prospectus before you invest or send money.

The fund's principal underwriter is Franklin Templeton Distributors, Inc., a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments.�Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams.�The San Mateo, CA-based company has more than 65 years of investment experience and over $817 billion in assets under management as of August 31, 2013.�For more information, please call 1-800/DIAL BEN� or visit franklintempleton.com.�

Connect with Franklin Templeton on Twitter (@FTI_US), Facebook and YouTube (FranklinTempletonTV).

1. CFA� and Chartered Financial Analyst� are trademarks owned by CFA Institute.
?2. Financial Risk Manager.
Copyright � 2013. Franklin Templeton Investments. All rights reserved. �

Company Press Release

Franklin Templeton Investments Launches Franklin Global Listed Infrastructure Fund for US Investors

Fund Provides Access to Growing Market Driven by Global Demand for Infrastructure Development

SAN MATEO, CA--(Marketwired - Sep 12, 2013) - Franklin Templeton Investments today introduced Franklin Global Listed Infrastructure Fund, providing investors with access to a growing market driven by the global need to build or replace aging infrastructure.

"We believe the fund offers investors a compelling opportunity to participate in the current growth potential of the global listed infrastructure market," said Wilson Magee, the fund's co-lead portfolio manager and director of Global Real Estate and Infrastructure Securities for Franklin Templeton Real Asset Advisors (FTRAA). "Many developed countries have aging infrastructure that requires repair or complete replacement. In emerging markets, by contrast, there is a need for new infrastructure to meet population growth, economic expansion and urbanization trends. And, across all regions, we are seeing that growing public fiscal constraints are opening the door for private listed infrastructure involvement."

Franklin Global Listed Infrastructure Fund seeks total investment returns, consisting of income and capital appreciation, by investing in the securities of infrastructure-related companies whose principal business is the ownership, management, construction, operation, utilization or financing of infrastructure assets around the world.

Global listed infrastructure securities have exhibited strong growth and returns over the last decade with a low correlation to bonds.�Additionally, infrastructure companies have historically produced attractive levels of income, even during bear markets, due to the long-term nature of their projects' cash flows, which can last 5 to 20 years, or longer.

Magee and his co-lead portfolio manager Jack Foster, head of Real Assets for FTRAA, are supported by an experienced team of five regional research analysts focused on Europe, Asia, Australia, the US and the Americas. FTRAA's research and local expertise will shape the fund's investment universe, which would include companies across the infrastructure-related sectors of utilities, transportation and energy. As a result of FTRAA's broad-based, bottom-up research, the fund's opportunity set may extend beyond the securities reflected in an index. The investment team also leverages the broader resources of Franklin Templeton Investments, including risk management and trading professionals.

"We are pleased to launch the fund because it provides a greater number of investors access to what has traditionally been an illiquid market," said Foster. "The infrastructure market has previously been limited to institutional investors who could invest large sums of capital. Retail investors can now have a similar opportunity to potentially earn income and capital appreciation through the growing publically-traded listed-infrastructure market, but at a much lower entry point."

Franklin Templeton Real Asset Advisors has been investing globally since 1984 and counts among its clients leading institutions and retail investors from around the world. The team strives to provide investors with an efficient alternative for investing globally in private real estate funds, private infrastructure and real resources funds and listed real estate and infrastructure securities.

All investments involve risks, including possible loss of principal. Investments in infrastructure-related securities involve special risks, such as high interest costs, high leverage and increased susceptibility to adverse economic or regulatory developments affecting the sector. Investments in utility company securities, if purchased for dividend yield, involve additional interest rate risks. When interest rates have risen, the stock prices of these companies have tended to fall. Thus, as the prices of utility company stocks in the fund adjust to a rise in interest rates, the fund's share price may decline. By focusing on an industry or group of industries, the fund carries much greater risk of adverse developments and price movements in such industries than a fund that invests in a wider variety of industries. Special risks are associated with foreign investing, including currency rate fluctuations, economic instability and political developments. The risks of foreign investing may be greater in developing or emerging markets.

Investors should be comfortable with fluctuations in the value of their investment, as small and mid-sized-company stocks can be volatile, especially over the short term. Smaller or relatively new or unseasoned companies can be particularly sensitive to changing economic conditions, and their prospects for growth are less certain than those of larger, more established companies. The fund's use of derivatives and foreign currency techniques involve special risks as such techniques may not achieve the anticipated benefits and/or may result in losses to the fund. These and other risk considerations are discussed in the fund's prospectus.

Investors should carefully consider a fund's investment goals, risks, charges and expenses before investing.�To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial advisor, call us at (800) DIAL BEN /(800)342-5236 or visitfranklintempleton.com.�Please carefully read a prospectus before you invest or send money.

About Franklin Templeton

?The fund's principal underwriter is Franklin Templeton Distributors, Inc., a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments.�Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams.�The San Mateo, CA-based company has more than 65 years of investment experience and approximately $817 billion in assets under management as of August 31, 2013.�For more information, please call 1-800/DIAL BEN� or visit franklintempleton.com.�

Connect with Franklin Templeton on Twitter (@FTI_US), Facebook and YouTube (FranklinTempletonTV).

Copyright � 2013. Franklin Templeton Investments. All rights reserved. � � �

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