TEMPLETON GLOBAL TOTAL RETURN W MDIS GBP

  • 958.00p Price (Inc)
  • - Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.65% Annual management charge
  • 0.97% Ongoing charges
  • 7.90% Yield

Fund data last updated 18 October 2019

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. The underlying fund strategy targets total US$ returns, as a result investors will also be exposed to USD - GBP currency risk.

Fund summary

Sector
Structure OFFSHORE FUND
Launched May, 2012
Size £0m
Yield 7.90%
Charging basis
Dividends paid

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.65%
Ongoing charges figure 0.97%

Allocation

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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.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Portfolio

The portfolio invests globally in developed and emerging market (local and hard currency) sovereign and corporate bonds. Currency returns are also a major contributor to performance. Portfolio currency calls are made independent of the related bond currency denomination. 200-300 securities.

Key Investor Documents

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