AN UNCONSTRAINED APPROACH TO FIXED INCOME

TEMPLETON GLOBAL BOND FUND

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).

Three Lenses = A New World of Fixed Income

Learn more about what the investment team is doing to manage through the current market environment

Flexible. Go Anywhere Mandate.

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

Attractive Complement for Portfolios

Providing Uncorrelated Returns During Market Downturns5

BenchmarkTempleton 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

Delivering Strong Performance Through Active Management6

Calendar Year Returns (%)
As of December 31, 2019

  • Templeton Global Bond - Series F
  • Canada Fund Global Fixed Income Category