Global government bonds1 represent a US$66.32 trillion opportunity.
A global team of fixed income experts uses an unconstrained “go anywhere” approach to find investments for Templeton Global Bond Fund. The result is a diversified bond fund that tends to look (and perform) very different from many other investments – making it an attractive complement for many portfolios.
Actively Managing Sources of Alpha
The Fund isolates Investment Ideas by separating them into three buckets based on the sources of alpha: interest rate, currency and sovereign credit exposures. These exposures are actively managed to maximize risk-adjusted returns.
Flexible. Go Anywhere Mandate.
The Fund can invest in currencies, interest rates and sovereign credit investments, all independently of a benchmark.
Attractive Complement for Portfolios
With historically low to negative correlations to major equity benchmarks. The fund has delivered strong performance, when equity markets turned negative (especially during broad downturns).
Learn more about what the investment team is doing to manage through the current market environment
Diversified holdings2 (As of September 30, 2020)
Country (% Market Value) | |
---|---|
Japan | 9.85 |
Mexico | 9.45 |
South Korea | 9.13 |
Norway | 8.78 |
Indonesia | 8.23 |
Switzerland | 6.77 |
Brazil | 5.68 |
India | 3.71 |
Colombia | 3.34 |
Argentina | 2.78 |
Ghana | 2.16 |
Supranational | 0.26 |
Currency (% National Exposure) | |
---|---|
Japanese Yen | 43.95 |
US Dollar | 15.89 |
Norwegian Krone | 8.78 |
Indonesian Rupiah | 8.23 |
Swiss Franc | 6.77 |
Swedish Krona | 6.64 |
Colombian Peso | 3.34 |
Argentine Peso | 2.78 |
Ghanaian Cedi New | 2.16 |
South Korean Won | 0.43 |
Mexican Peso | 0.39 |
Indian Rupee | 0.34 |
Brazilian Real | 0.30 |
Credit Rating3 (% Market Value) | |
---|---|
AAA | 15.82 |
AA | 9.13 |
A | 9.85 |
BBB | 24.72 |
BB | 5.68 |
B | 2.16 |
CCC | 2.78 |
N/A | 0.66 |
Cash & Cash Equivalents | 29.21 |
Average (with cash) | A+ |
Maturity (% Market Value) | |
---|---|
0 to 1 Year | 67.78 |
1 to 2 Years | 7.23 |
2 to 3 Years | 6.54 |
3 to 5 Years | 12.89 |
5 to 7 Years | 2.70 |
7 to 10 Years | 1.56 |
Over 10 Years | 1.30 |
Average Duration | 1.14 |
Yield to Maturity4 | 1.23 |
Providing Uncorrelated Returns During Market Downturns5
Benchmark | Templeton Global Bond Fund, Series F | |||
---|---|---|---|---|
Equity Market Indexes (1989 to 2019) | Years with Negative Returns | Average Return in Negative Years | Average Return During Negative Benchmark Years | Correlation with Benchmark (15 Years) |
S&P/TSX Composite Total Return Index (CAD) | 5 | -14.27% | 11.49% | -0.23 |
S&P 500 Total Return Index (CAD) | 4 | -14.71% | 9.19% | 0.13 |
NASDAQ Composite Price Return (CAD) | 4 | -16.47% | 7.63% | 0.04 |
MSCI EAFE Total Return Index (CAD) | 6 | -11.29% | 7.18% | 0.22 |
MSCI EM Total Return Index (CAD) | 4 | -17.77% | 12.54% | 0.11 |
Calendar Year Returns (%)
As of December 31, 2019
Series F. Data is based on calendar year performance since inception of Templeton Global Bond Fund – Series F (inception June 18, 2001).
Templeton Global Bond Fund Series F returns as of September 30, 2020 – 1 Yr: -1.3%, 2 Yrs: -0.2%, 3 Yrs: -1.1%, 5 Yrs: 0.5%, 10 Yrs: 2.0%, 15 Yrs: 4.3%, SI: 4.5%. Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.