Franklin Templeton FTF Templeton Global Total Return Bond Class W Inc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | -6.1% | -13.8% | 3.3% | -5.9% | 2.6% |
| Sector | 2.0% | 4.2% | -3.0% | -3.2% | 3.7% |
| Rank | 73/73 | 76/79 | 17/85 | 90/91 | 53/90 |
| Quartile | 4 | 4 | 1 | 4 | 3 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | -0.1% | -4.2% | 0.8% | |
| Sector | -0.9% | 0.7% | 2.4% | |
| Rank | 72/84 | 72/72 | 39/39 | |
| Quartile | 4 | 4 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| Total Net Assets: | 33.69 |
| Total Market Value: | 32.62 |
| FEDERAL HOME LOAN BANK DISCOUNT NOTES | 2.59 |
| MALAYSIA GOVT | 1.79 |
| INDONESIA GOVERNMENT | 1.62 |
| HUNGARY GOVERNMENT BOND | 1.39 |
| UNITED STATES TREASURY NOTE/BOND | 1.28 |
| INDIA GOVERNMENT BOND | 1.24 |
| MEXICAN FIXED RATE BONDS | 1.24 |
| NOTA DO TESOURO NACIONAL NTNF | 1.12 |
| Total | 78.59 |
Fund Aims
The Fund’s investment objective is to achieve a total return, over the long-term, from a combination of income, capital growth and currency gains.
Fund Manager
Sonal Desai, Ph.D., is a portfolio manager and director of research for the Franklin Templeton Fixed Income Group's international bond
department. She is responsible for shaping the research agenda of the international bond department and providing macroeconomic analysis
to the fixed income team. This includes facilitating broader research efforts leveraging the fixed income group's local resources across
several emerging markets. Dr. Desai acts as a key resource for the firm's Fixed Income Policy Committee, which provides policy views on
sectors, markets and currencies.
Dr. Desai has over 16 years of experience in the financial sector. She joined Franklin Templeton in 2009 from Thames River Capital in
London, where she was responsible for shaping the top-down global view on macroeconomic and market developments. Dr. Desai started
her career as an assistant professor of economics at the University of Pittsburgh, and then worked for over six years at the International
Monetary Fund, in Washington DC. She was involved in the negotiation and monitoring of IMF programs in several emerging market
countries and in the assessment of the overall design and effectiveness of IMF adjustment programs. Following this, she joined the private
financial sector and worked for about five years as director and senior economist for Dresdner Kleinwort Wasserstein in London.
Dr. Desai holds a Ph.D. in economics from Northwestern University and earned a B.A. with honors from Delhi University in New Delhi.
Dr. Michael Hasenstab, Ph.D., is a senior vice president of Franklin Advisers, Inc. and co-director of the international bond department,
overseeing the global fixed income portfolio management team. The group offers a variety of investment vehicles ranging from retail mutual
funds to unregistered, privately offered hedge funds. In addition, he is a member of the group's Fixed Income Policy Committee and is a
portfolio manager for a number of Franklin Templeton funds, including Templeton Global Bond Fund and Templeton Global Total Return
Fund.
Dr. Hasenstab has won numerous awards globally, including being named Morningstar's 2010 Fixed Income Manager of the Year and
recognized as one of the most influential fund managers by Investment News in 2010. Bloomberg Markets named him Top Global Bond
Fund Manager in 2010 and Top U.S. and Global Bond Fund Manager in 2009. Additionally, he was named Global Bond Manager of the
Year by Investment Week in 2008, 2010, and 2011, and also Best Global Manager by Standard & Poor's/BusinessWeek in 2006.
Dr. Hasenstab initially joined Franklin Templeton Investments in July 1995. After a leave of absence to obtain his doctor of philosophy
(Ph.D.) degree, he rejoined the company in April 2001. He specializes in global macroeconomic analysis with a focus on currency, interest
rate and sovereign credit analysis of developed and emerging market countries. Dr. Hasenstab has worked and traveled extensively abroad,
with a special focus on Asia.
Dr. Hasenstab holds a Ph.D. in economics from the Asia Pacific School of Economics and Management at Australian National University, a
master's degree in economics of development from the Australian National University and a B.A. in international relations/political economy
from Carleton College in the United States.
Fund Overview
| Mid (26/04/2024) | 56.02p |
| Distribution yield | 6.59% |
| Underlying yield | - |
| Fund size (31/03/2024) | £68.44m |
| Number of holdings | 106 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.73% |
| Launch date | 15/07/2013 |
Asset Allocation
| Cash and Equivalents | 1.12% | |
| Other Assets | 98.88% |
Commentary
[No data]
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| Cash and Equivalents | 1.12% | |
| Other Assets | 98.88% |
Bond Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 98.88% | - | - | - | |
| Cash and Equivalents | 1.12% | - | - | - | |
Regional Allocation
| Non-Classified | 98.88% | |
| Cash and Equivalents | 1.12% |
Fixed Interest Currencies
| US Dollar | 29.65% | |
| Malaysian Ringgit | 9.67% | |
| Brazilian Real | 9.18% | |
| Rupiah | 7.55% | |
| Mexican Peso | 5.55% | |
| Forint | 5.13% | |
| Other Currencies | 33.26% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 98.88% | - | |
| Cash and Equivalents | 1.12% | - | |
Fixed Interest Maturity Profile
| < 5Yr Maturity |
|
34.09% |
| 5Yr - 10Yr Maturity |
|
29.84% |
| 10Yr - 15Yr Maturity |
|
10.29% |
| > 15Yr Maturity |
|
17.05% |
| Cash And Equivalents |
|
4.61% |
| Unknown Maturity |
|
4.11% |
Fixed Interest Quality Profile
| Cash and Equivalents |
|
1.12% |
| Other Asset Types |
|
98.88% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | Total Net Assets: | 33.69% | Non-Classified | Non-Classified |
| 2 | Total Market Value: | 32.62% | Non-Classified | Non-Classified |
| 3 | FEDERAL HOME LOAN BANK DISCOUNT NOTES | 2.59% | Non-Classified | Non-Classified |
| 4 | MALAYSIA GOVT | 1.79% | Non-Classified | Non-Classified |
| 5 | INDONESIA GOVERNMENT | 1.62% | Non-Classified | Non-Classified |
| 6 | HUNGARY GOVERNMENT BOND | 1.39% | Non-Classified | Non-Classified |
| 7 | UNITED STATES TREASURY NOTE/BOND | 1.28% | Non-Classified | Non-Classified |
| 8 | INDIA GOVERNMENT BOND | 1.24% | Non-Classified | Non-Classified |
| 9 | MEXICAN FIXED RATE BONDS | 1.24% | Non-Classified | Non-Classified |
| 10 | NOTA DO TESOURO NACIONAL NTNF | 1.12% | Non-Classified | Non-Classified |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | BBM4VD6 |
| Mex Code | TVWITO |
| Isin Code | GB00BBM4VD62 |
| Citi Code | JJ9C |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.73% |
Aims and Benchmark
| Aims | The Fund’s investment objective is to achieve a total return, over the long-term, from a combination of income, capital growth and currency gains. |
| Benchmark | Barclays Multiverse Index |
| Benchmark Category | - |
| IA Sector | Global Bonds |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Quarterly |
| Distribution Type | Interest |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 31 December | 28 February |
| 30 June | 31 August |
| 30 September | 30 November |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | BNY Mellon Trust & Depositary (UK) Ltd |
| Fund Administrator | The Bank of New York Mellon (International) Limited |
| Fund Registrar | Internal |
| Fund Custodian | BNY Mellon Trust & Depositary (UK) Ltd |
Group Details
| Group name | Franklin Templeton Funds |
| Group address | The Adelphi 1 - 11 John Adam Street London WC2N 6HT |
| Group telephone | 0800 305 306 |
| Dealing telephone | - |
| enquiries@franklintempleton.co.uk | |
| Homepage | www.franklintempleton.co.uk |
| Fax number | - |
Dealing
| Minimum Investment | £1000000 |
| Minimum Top Up | £250 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 1.18 |
| Beta | 0.74 |
| Sharpe | 0.00 |
| Standard Deviation | 7.47 |
| Info Ratio | 0.20 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | Yes |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | Yes |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | Yes |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
High Yield Bonds
The fund invests in high yield bonds. High yield bonds carry a greater risk of default than investment grade bonds, and economic conditions and interest rate movements will have a greater effect on their price. Income levels may not be achieved and the income provided may vary.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Umbrella Liabilities
If the liabilities of one fund were to exceed its assets, the other funds within the scheme might have to transfer across money to cover the liabilities.
Solvency of Bond Issuers
If the fund you choose invests in bonds there is a risk that the issuer may default, resulting in a loss to the portfolio.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.