Fact sheet: Franklin Asia Credit

Fund information
Fund name
Franklin Asia Credit A Acc USD
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Robert Nelsonsince 01/04/2016
  • Latika Signorellisince 17/11/2014
  • Marc Kremersince 17/11/2014
  • Ben Cryersince 17/11/2014
Fund objective
The Funds objective is to maximise income while maintaining prospects for capital appreciation.
Benchmark
  • JP Morgan JACI Composite Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9.9%
1 Year rank in sector
12/41
Sector
FO Fixed Int - USD
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.49%
Fund size
£9m (£8m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
71
Top in this sector
Fund name1 Year
CG Dollar23.1%
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Nordea 1 US Tot Ret Bd19.6%
Nordea 1 Emrg Mkt Bd17.4%
NN (L) EM DebtHC15.3%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • China21.5%
    Hong Kong16.1%
    India14.7%
    Others13.7%
    Indonesia8%
  • Investment Grade Corporate Bonds41.7%
    Investment Grade Government Bonds24.7%
    High Yield Bond22.2%
    Others11.7%
    Cash & Cash Equivalents-0.2%
  • Chinese Fixed Interest21.5%
    Hong Kong Fixed Interest16.1%
    Indian Fixed Interest14.7%
    Global Fixed Interest13.7%
    Indonesian Fixed Interest8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%2.9%6.8%9.9%--
Sector0.5%1.8%4.8%6.5%10.6%19.5%
Rank within sector15 / 4211 / 4210 / 4112 / 41--
Quartile2nd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund9.8%-1.3%---
Sector6.6%-0.5%3.4%0%6.8%
Rank within sector9 / 4128 / 38---
Quartile1st3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high10.79
52 week low9.72
Current bid price-
Current offer price-
Current mid price10.78
Region
1China21.47%
2Hong Kong16.07%
3India14.66%
4Others13.67%
5Indonesia8.03%
6Singapore7.23%
7USA6.78%
8Thailand4.96%
9Korea4.81%
Industry sector
1Investment Grade Corporate Bonds41.66%
2Investment Grade Government Bonds24.72%
3High Yield Bond22.21%
4Others11.65%
5Cash & Cash Equivalents-0.24%
Asset type
1Chinese Fixed Interest21.47%
2Hong Kong Fixed Interest16.07%
3Indian Fixed Interest14.66%
4Global Fixed Interest13.67%
5Indonesian Fixed Interest8.03%
6Singapore Fixed Interest7.23%
7US Fixed Interest6.78%
8Thai Fixed Interest4.96%
9South Korean Fixed Interest4.81%
Individual holdings
1PERTAMINA PT 6% BDS 03/05/42 USD1000 144A3.13%
2SHIMAO PROPERTY HOLDINGS LTD.. SENIOR NOTE. REG S. 8.375%. 10/02/20222.71%
3HUTCHISON WHAMPOA 7.625% BDS 09/04/19 USD1000`144A`2.69%
4NTPC LTD 5.625% MTN 14/07/21 USD10002.6%
5STANDARD CHARTERED BANK HONG KONG 5.875% MTN 24/06/20 USD10002.58%
6BHARTI AIRTEL 5.125% BDS 11/03/23 USD1000 REG S2.56%
7NATIONAL SAVINGS BANK 8.875% BDS 18/09/18 USD1000 144A2.56%
8GLOBAL CHEMICAL PCL PTT 4.25% BDS 19/09/22 USD200000 REG S2.55%
9ALIBABA GROUP HLDG LTD 4.5% BDS 28/11/34 USD2000002.52%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Funds objective is to maximise income while maintaining prospects for capital appreciation.
Benchmark
  • JP Morgan JACI Composite Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Robert Nelson01/04/2016Robert 'Bobby' Nelson is a vice president, portfolio manager and research analyst focusing on Asian, European and Emerging Market financial issuers. He has been a portfolio manager on the Franklin Emerging Market Corporate Debt Fund since 2012, and the Asia Credit Fund since 2016. Mr. Nelson is currently on assignment in the firm's Singapore office, having previously been based in London. Prior to joining Franklin Templeton in 2007 Mr. Nelson was an investment manager at Mitsubishi UFJ Asset Management (UK) Ltd., where he managed a variety of global investment grade bond funds. Mr. Nelson holds a B.A. from Bristol University and is a Chartered Financial Analyst (CFA) charterholder and member.
Latika Signorelli17/11/2014
Marc Kremer17/11/2014Marc Kremer, vice president, portfolio manager and research analyst in the Franklin Templeton Fixed Income Group. He is also a member of the firm's Fixed Income Policy Committee. Mr. Kremer is primarily responsible for managing investment grade credit strategies, including global credit and U.S. credit. Additionally, he co-manages the Templeton European Corporate Bond Fund. His research coverage is focused on the media and entertainment industry.Mr.Kremer joined Franklin Templeton in 2003 with over 15 years of prior fixed income research experience at Schroders, HSBC Asset Management, Lehman Brothers, and Moody's Investors Service.Mr. Kremer holds a bachelor's degree in economics from Vassar College and an M.B.A. from Duke University's Fuqua School of Business.He is a Chartered Financial Analyst (CFA) Charterholder and a member of the CFA Institute.
Ben Cryer17/11/2014Benjamin Cryer is a vice president and research analyst in the Franklin Templeton Fixed Income Group. Mr. Cryer's research coverage is focused on global homebuilding and building products/materials. Mr. Cryer joined Franklin Templeton in 2006 as an equity research analyst covering the homebuliding industry before joining the Franklin Templeton Fixed Income Group in 2010. Prior to joining Franklin Templeton, Mr. Cryer worked as an institutional product manager at MFS Investment Management. Mr. Cryer graduated Phi Beta Kappa with a B.A. from Baylor University. He also earned an M.A. degree from Baylor University and an M.B.A. from UCLA's Anderson School of Management. He is a Chartered Financial Analyst (CFA) Charterholder and a member of the CFA Institute.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Cyprus, Czech Republic, Germany, Spain, Finland, France, United Kingdom, Greece, Guernsey, Hong Kong, Hungary, Ireland, Italy, Jersey, Luxembourg, Macau, Netherlands, Offshore, Poland, Singapore
Franklin Asia Credit A Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price10.78
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFQAG
Franklin Asia Credit A H1 MDis SGD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price10.18
CurrencySGD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQAI
Franklin Asia Credit A H1 Mdis AUD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price10.43
CurrencyAUD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQAH
Franklin Asia Credit A MDis USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price10.1
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQAF
Franklin Asia Credit I Acc USD
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price10.89
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQAJ
Franklin Asia Credit Y MDis USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.48
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE8EL
Data provided by

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