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Canada
In times of volatility and uncertainty in the global markets, we are reminded of the importance of an optimally diversified portfolio. Franklin Global Aggregate Bond Strategy is designed to provide diversification beyond our borders and yields not available in the domestic credit markets. An actively managed strategy that incorporates top-down macro views and bottom-up analysis to find the best opportunities.
Since its launch in May of 2018, Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) (FLGA) has been a popular core global bond ETF for Canadian advisors and investors. We are very excited to now offer this strategy as a mutual fund – Franklin Global Aggregate Bond Fund.
Added Advantage of Plus Sectors
Access off-benchmark securities for enhanced diversification and yields, built over a strong foundation of core holdings.
Access Global Markets
Invests globally in investment-grade bonds, treasury bonds and sovereign debt.
Reduce Portfolio Risk
Seeks broad diversification across sectors and low-correlated positions, cognizant of foreign exchange, interest rates and other global conditions.
Leverage Active Fixed Income Expertise
Franklin Templeton Fixed Income is a global investment team with 145+ dedicated fixed income professionals, entrusted with more than CAD$200 billion in client assets.
Actively Managed to be Different than the Benchmark2,3,4
Actively Managed to be Different than the Benchmark2,3,4
Attractive Yields & High Quality Holdings2,3,5
| Yield to Maturity | Average Credit Quality | Number of Holdings | |
|---|---|---|---|
| Franklin Global Aggregate Bond Strategy | 2.57% | A | 175 |
| Bloomberg Barclays Global Aggregate (100% Hedged into CAD) | 0.94% | AA- | 25,702 |
Related Links
For more information, please contact your investment advisor or our Client Services team
Footnotes
- Combined allocation to below investment-grade sectors shall typically not exceed 20%.
- Displayed portfolio information of the Franklin Global Aggregate Bond Strategy is represented by that of the Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) (FLGA). Franklin Global Aggregate Bond Fund invests substantially all of its assets in securities of FLGA.
- Source: Bloomberg. As of June 30, 2020.
- Source: Franklin Templeton. As of June 30, 2020. Market value figures reflect the trading value of the investments. Notional exposure figures are intended to estimate the portfolio's exposure, including any hedged or increased exposure through certain derivatives held in the portfolio (or their underlying reference assets). Portfolio breakdown percentages may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change.
- Source: Franklin Templeton. As of June 30, 2020.
The Average Credit Quality (ACQ) rating may change over time. The portfolio itself has not been rated by an independent rating agency. The letter rating, which may be based on bond ratings from different agencies (or internal ratings for unrated bonds, cash and equivalents), is provided to indicate the average credit rating of the portfolio's underlying investments and generally ranges from AAA (highest) to D (lowest). For unrated bonds, cash and equivalents, ratings may be assigned based on the ratings of the issuer, the ratings of the underlying holdings of a pooled investment vehicle, or other relevant factors. The ACQ is determined by assigning a sequential integer to all credit ratings AAA to D, taking a simple, asset-weighted average of investments by market value and rounding to the nearest rating. The risk of default increases as a bond's rating decreases, so the ACQ provided is not a statistical measurement of the portfolio’s default risk because a simple, weighted average does not measure the increasing level of risk from lower-rated bonds. The ACQ may be lower if cash and equivalents are excluded from the calculation. The ACQ is provided for informational purposes only. Derivative positions are not reflected in the ACQ.
Yield to Maturity ('YTM') also known as the 'Gross Redemption Yield' or 'Redemption Yield'. The rate of return anticipated on a bond if it is held until the maturity date. YTM is considered a long-term bond yield expressed as an annual rate. The calculation of YTM takes into account the current market price, par value, coupon interest rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate.
John Beck's comments, opinions and analyses are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Because market and economic conditions are subject to rapid change, comments, opinions and analyses are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment or strategy.
All investments involve risks, including the possible loss of principal. Investments in foreign securities involve special risks including currency fluctuations, economic instability and political developments. Investments in emerging markets, of which frontier markets are a subset, involve heightened risks related to the same factors, in addition to those associated with these markets' smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Because these frameworks are typically even less developed in frontier markets, as well as various factors including the increased potential for extreme price volatility, illiquidity, trade barriers and exchange controls, the risks associated with emerging markets are magnified in frontier markets. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
