The investment seeks to protect against depreciation of the U.S. dollar relative to other currencies. The fund normally invests at least 80% of net assets in investments denominated in "hard currencies." It normally invests mainly in high-quality, short-term money market instruments and forward currency contracts denominated in foreign hard currencies. Under normal market conditions, the fund may not expose more than 50% of total assets to any one foreign currency. It is nondiversified.
Fund filings (PDF) »

Asset manager:
Michael Hasenstab (Started: Jan 1, 2001)

Advisor Company:
Franklin Advisers, Inc.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	-1.13	4.42	0.73	1.91
Beta*	6.42	0.20	2.14	1.00
Mean annual return	0.72	0.49	0.44	0.45
R-squared*	6.04	39.86	1.77	0.20
Standard deviation	10.57	7.62	6.95	7.51
Sharpe ratio	0.80	0.46	0.33	0.33
* Against standard index

Risk measurement details »