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TEMPLETON GLOBAL TOTAL RETURN BOND A - Fund overview

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Overview of TEMPLETON GLOBAL TOTAL RETURN BOND A

A global fixed income best ideas portfolio drawing on the resources of the Franklin Templeton Group. The manager will aim to maximise returns within his risk parameters via asset allocation, currency and credit selection. The fund does not seek to achieve positive returns month on month. This particular share class targets total US$ returns, consequently fluctuations in the US$ - £ exchange rate will affect total returns in the hands of £ investors (a £ hedged version is also available).

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Fund summary

Sector	Global Bonds
Product type	OEIC
Launched	June, 2008
Size	£83m
Yield	4.3%
Charging basis	–
Dividends paid	Mar, Jun, Sep & Dec.
Bid price(inc)	129.55p
Bid price(acc)	152.27p

Fund Charges

Standard Initial charge	3.00%
Initial charge via Bestinvest	0.00%
Additional bid/offer spread	0.00%
Annual management charge	1.20%
Total expense ratio	1.20%
Reduction in yield (10yr)	1.20%

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Portfolio

templeton global total return bond a asset allocation illustration

Allocation		Proportion

	Equity	1%
	High yield bonds	27%
	Quality bonds	63%
	Property	–
	Commodities	–
	Hedge	–
	Fund cash	9%

No data available.

View all performance data for TEMPLETON GLOBAL TOTAL RETURN BOND A

Investment process

The fund aims to achieve a total return over the long term, using a combination of income, capital growth and currency gains. It will invest across the entire fixed income universe, including investment grade and non investment grade debt of governments, government-related or corporate issuers worldwide. The manager's risk budget is defined by analysing ex post and ex ante absolute volatility levels, generally speaking portfolio volatility will be no higher than the Barclays Capital Multiverse index (a global aggregate bond index).
There are no formal asset allocation constraints, instead these exposures tend to be limited by reference to absolute volatility relative to this reference benchmark. Maximum exposure to credit has been as a high as 50% in 2009 versus low single digits in 2007-8. The fund will not use leverage. Derivatives may used, principally to express interest rate or currency views. The fund invests in bonds via the cash market, credit derivatives are generally not used across the portfolio to go long or short. Interest rate decisions tend to be a residual of bottom up stock selection process.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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