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
  • Nicholas 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
  • JP Morgan EMBI Global Diversified B-/B3 and higher
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
7.5%
1 Year rank in sector
75/217
Sector
FO Fixed Int - Emerging Markets
Yield
-
Fund size
£588m
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.
75
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$35%
Rubrics Ind Fxd Inc UCITS32%
Pictet Lat Am Lcl Cur Dt31.8%
Schroder ISF EmgMktBd31.7%
Old Mutual Em Mt Dt29.2%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • Others57%
    Colombia7%
    Russia7%
    Turkey6.4%
    Money Market4.8%
  • Government Bonds64.3%
    Corporate Bonds17.4%
    Government Agency Bonds11%
    Money Market4.8%
    Others2.5%
  • Global Fixed Interest57%
    American Emerging Fixed Interest7%
    Russian Fixed Interest7%
    Middle East & African Fixed Interest6.4%
    Money Market4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-2.1%3.3%7.5%12.9%-
Sector-3.4%-3.8%1.7%6.9%0.6%6.1%
Rank within sector36 / 22554 / 22448 / 22275 / 21751 / 171-
Quartile1st1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund9.2%-1.4%4.5%-1.2%-
Sector8.9%-7.3%-0.6%-7%14.7%
Rank within sector72 / 21971 / 20349 / 17315 / 129-
Quartile2nd2nd2nd1st
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.
3.92
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.
0.7
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.
0.07
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%.
5.87
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.
3.51
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.
1.13
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.
0.79
Price movement
52 week high9.66
52 week low8.25
Current bid price-
Current offer price-
Current mid price8.78
Region
1Others57.03%
2Colombia7.02%
3Russia6.97%
4Turkey6.42%
5Money Market4.78%
6Peru3.82%
7South Africa3.59%
8Mexico3.53%
9Angola3.44%
Industry sector
1Government Bonds64.3%
2Corporate Bonds17.36%
3Government Agency Bonds11.03%
4Money Market4.78%
5Others2.53%
Asset type
1Global Fixed Interest57.03%
2American Emerging Fixed Interest7.02%
3Russian Fixed Interest6.97%
4Middle East & African Fixed Interest6.42%
5Money Market4.78%
6Peruvian Fixed Interest3.82%
7South African Fixed Interest3.59%
8Mexican Fixed Interest3.53%
9African Fixed Interest3.44%
Individual holdings
1SOUTH AFRICA(REPUBLIC OF) 8% BDS 21/12/18 ZAR13.22%
2IRAQ (REPUBLIC OF) 5.8% B 15/01/28 USD1000 `144A`3.09%
3COLOMBIA(REPUBLIC OF) 4.375% BDS 12/07/21 USD10003.01%
4POLAND(STATE TREASURY OF) 1.5% BDS 25/04/20 PLN10002.96%
5TURKEY(REPUBLIC OF) 8.2% BDS 16/11/16 TRY10002.64%
6TURKEY(REPUBLIC OF) 6.75% BDS 03/04/18 REPUBLIC OFTURKY USD2.47%
7URUGUAY 3.70% UI BDS 26/06/37 UYU10002.38%
8PERU ENCHANCED PASS-THRU 0% STEP-UP NTS 02/06/25 USD10002.26%
9RUSSIAN FEDERATION MINISTRY FINANCE 7.5% BDS 15/03/18 RUB10002.23%
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
  • JP Morgan EMBI Global Diversified B-/B3 and higher
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Nicholas 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
UCIS
Domicile
No data available.
Fund for sale in
Austria, Belgium, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
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 price8.78
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF5QT
Data provided by

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