Fact sheet: Franklin EmMkt DtOppt II

Fund information
Fund name
Franklin Emerging Market Debt Opportunities II I YDis EUR
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Nicolas Hardinghamsince 30/11/2012
  • William Ledwardsince 30/11/2012
Fund objective
The Fund's objective is to achieve income yield and long-term capital appreciation by investing primarily in fixed and floating rate debt securities and debt obligations of government, government-related issuers, supranational entities and corporate issuers located in an emerging market country and / or deriving a significant proportion of their economic activity from developing or emerging countries. All investments will, at time of purchase, be rated as B minus or above; if unrated, securities must be declared to be of comparable quality by the Investment Manager.
Benchmark
  • JPM EMBI Global Diversified Composite (hedged in EUR)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.6%
1 Year rank in sector
130/200
Sector
FO Fixed Int - Emerging Markets
Yield
-
Fund size
£585m
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.
65
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$59.2%
Pictet Lat Am Lcl Cur Dt45.1%
Old Mutual Em Mt Dt36.9%
SEI Emg Mkts Dt36%
Schroder ISF EmgMktBd35.9%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others55.2%
    Brazil7.9%
    Turkey6.5%
    Russia5.9%
    Colombia5.5%
  • Government Bonds63%
    Corporate Bonds15.3%
    Government Agency Bonds11.5%
    Cash & Cash Equivalents5.2%
    Others5%
  • Global Fixed Interest55.2%
    Middle East & African Fixed Interest10%
    Brazilian Fixed Interest7.9%
    Russian Fixed Interest5.9%
    American Emerging Fixed Interest5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%4.6%8.8%11.6%14.6%-
Sector0.3%5.2%8.3%12.5%3.1%14.6%
Rank within sector44 / 213107 / 21089 / 207130 / 20059 / 160-
Quartile1st3rd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund11.5%-1.4%4.5%-1.2%-
Sector13.4%-7.3%-0.6%-7%14.7%
Rank within sector148 / 20564 / 19450 / 17015 / 125-
Quartile3rd2nd2nd1st
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.
3.74
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.
0.69
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.
0.3
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%.
5.84
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.
3.6
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.
0.86
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.
0.78
Price movement
52 week high9.59
52 week low8.25
Current bid price-
Current offer price-
Current mid price9.57
Region
1Others55.15%
2Brazil7.94%
3Turkey6.49%
4Russia5.91%
5Colombia5.47%
6Money Market5.23%
7Peru3.52%
8Iraq3.49%
9Georgia3.4%
Industry sector
1Government Bonds62.96%
2Corporate Bonds15.31%
3Government Agency Bonds11.54%
4Cash & Cash Equivalents5.23%
5Others4.96%
Asset type
1Global Fixed Interest55.15%
2Middle East & African Fixed Interest9.98%
3Brazilian Fixed Interest7.94%
4Russian Fixed Interest5.91%
5American Emerging Fixed Interest5.47%
6Money Market5.23%
7Peruvian Fixed Interest3.52%
8European Fixed Interest3.4%
9Mexican Fixed Interest3.4%
Individual holdings
1NOTA DO TESOURO NACIONAL, INDEX LINKED, 6.00%, 8/15/306.24%
2IRAQ (REPUBLIC OF) 5.8% B 15/01/28 USD1000 `144A`3.49%
3SOUTH AFRICA(REPUBLIC OF) 8% BDS 21/12/18 ZAR12.87%
4TURKEY(REPUBLIC OF) 8.2% BDS 16/11/16 TRY10002.69%
5TURKEY(REPUBLIC OF) 6.75% BDS 03/04/18 REPUBLIC OFTURKY USD2.51%
6URUGUAY 3.70% UI BDS 26/06/37 UYU10002.34%
7PERU ENCHANCED PASS-THRU 0% STEP-UP NTS 02/06/25 USD10002.25%
8ALFA BOND ISSUANCE 7.5% BDS 26/09/19 USD1000 144A2.24%
9MEXICAN UDIBONOS, INDEX LINKED, 4.00%, 11/15/402.17%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Fund's objective is to achieve income yield and long-term capital appreciation by investing primarily in fixed and floating rate debt securities and debt obligations of government, government-related issuers, supranational entities and corporate issuers located in an emerging market country and / or deriving a significant proportion of their economic activity from developing or emerging countries. All investments will, at time of purchase, be rated as B minus or above; if unrated, securities must be declared to be of comparable quality by the Investment Manager.
Benchmark
  • JPM EMBI Global Diversified Composite (hedged in EUR)
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Nicolas Hardingham30/11/2012Nicholas Hardingham is a portfolio manager and analyst within the EMD Opportunities strategy group. Previously Mr. Hardingham worked as quantitative research analyst within the global fixed income group. Prior to joining Franklin Templeton in 2002, Mr. Hardingham worked as a performance analyst at T. Rowe Price International. Mr. Hardingham is a Chartered Financial Analyst (CFA) Charterholder and earned a B.Sc. in pure mathematics from Imperial College, London.
William Ledward30/11/2012William Ledward, based in London, is in charge of the EMD Opportunities strategy. Prior to joining the firm in 1997, he was with BNP, Nomura, Merrill Lynch, and Phillips & Drew, where he held a variety of economic research positions over a 15-year period. Mr. Ledward earned an M.A. and a D.Phil. from Oxford University. He is a director of the Emerging Market Creditors Association.
Compliance
Reporting Fund Status, UCIS
Domicile
No data available.
Fund for sale in
Austria, Belgium, Germany, Spain, United Kingdom, Italy, Luxembourg, Netherlands, Offshore
Franklin Emerging Market Debt Opportunities II I YDis EUR
Initial charge-
Annual charge0.7%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price9.57
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF5QT
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