Fact sheet: Franklin Eurpn Corp Bd

Fund information
Fund name
Franklin European Corporate Bond A YDis EUR
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Marc Kremersince 29/04/2010
  • David Zahnsince 29/04/2010
  • Emmanuel Teissiersince 29/04/2010
Fund objective
The Fund seeks to maximize total investment returns through a combination of interest income and capital appreciation by investing principally in investment grade or floating rate debt securities issued by European companies or those companies with a business presence in the European region. Most investments will be either denominated in Euros or hedged back into Euros.
Benchmark
  • Bloomberg Barclays Euro-Aggregate: Corporates Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.6%
1 Year rank in sector
14/41
Sector
FO Fixed Int - EUR Corporate Bond
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.
1.15%
Fund size
£137m (£174m 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.
68
Top in this sector
Fund name1 Year
Schroder ISF €Cp Bd4.2%
LO SelTheCredit Bd EUR4%
JI High Grade Corporate Bonds CL3.7%
Morg Stnly Euro Corp Bond3.3%
Kempen (Lux) Euro Crdt3.1%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • Others19.6%
    USA14.1%
    Not Specified12%
    France11.7%
    UK8.4%
  • Investment Grade Corporate Bonds80.6%
    Others15.2%
    High Yield Bond7%
    Cash & Cash Equivalents2.9%
    Government Bonds-5.7%
  • Global Fixed Interest31.6%
    US Fixed Interest14.1%
    French Fixed Interest11.7%
    UK Fixed Interest8.4%
    Australian Fixed Interest7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-2%1.4%2.6%10%34.2%
Sector-1.4%-2%1.1%2.7%9.6%29.9%
Rank within sector10 / 4315 / 428 / 4214 / 4120 / 399 / 34
Quartile1st2nd1st2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4%-1.7%7.9%2.6%15.8%
Sector3.8%-1%6.9%2.2%13.3%
Rank within sector8 / 4135 / 4114 / 3919 / 388 / 34
Quartile1st4th2nd2nd1st
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.
-0.51
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.
1.16
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%.
3.4
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.
0.73
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.
0.1
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.
0.97
Price movement
52 week high11.55
52 week low10.89
Current bid price-
Current offer price-
Current mid price11.24
Region
1Others19.61%
2USA14.07%
3Not Specified11.97%
4France11.74%
5UK8.42%
6Australia7.68%
7Italy6.66%
8Netherlands6.19%
9Switzerland6.16%
Industry sector
1Investment Grade Corporate Bonds80.62%
2Others15.18%
3High Yield Bond7%
4Cash & Cash Equivalents2.9%
5Government Bonds-5.7%
Asset type
1Global Fixed Interest31.58%
2US Fixed Interest14.07%
3French Fixed Interest11.74%
4UK Fixed Interest8.42%
5Australian Fixed Interest7.68%
6Italian Fixed Interest6.66%
7Dutch Fixed Interest6.19%
8Swiss Fixed Interest6.16%
9Spanish Fixed Interest4.6%
Individual holdings
1TOTAL SA, JUNIOR SUB. NOTE, REG S, 2.625% TO 2/26/25, FRN THEREAFTER, PERPETUAL1.71%
2BHP BILLITON FINANCE LTD.. SUB. BOND. REG S. 5.625% TO 10/22/24. FRN THEREAFTER. 10/22/791.68%
3KERRY GROUP FINANCIAL SERVICES 2.375% BDS 10/09/25 EUR1000001.66%
4CREDIT SUISSE AG LONDON BRANCH 1.125% NTS 15/09/20 EUR1000001.61%
5GE CAPITAL EUROPEAN FUND UNLTD CO 2.25% NTS 20/07/20 EUR10001.61%
6JOHNSON & JOHNSON 1.65% BDS 20/05/35 USD10001.61%
7NATIONWIDE BUILDING SOCIETY 1.25% BDS 03/03/25 EUR1000001.6%
8ORANGE SA 3.125% BDS 01/09/24 EUR1000001.6%
9TELEFONICA EMISIONES SAU 2.932% INST 17/10/29 EUR1000001.59%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Fund seeks to maximize total investment returns through a combination of interest income and capital appreciation by investing principally in investment grade or floating rate debt securities issued by European companies or those companies with a business presence in the European region. Most investments will be either denominated in Euros or hedged back into Euros.
Benchmark
  • Bloomberg Barclays Euro-Aggregate: Corporates Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Marc Kremer29/04/2010Marc 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.
David Zahn29/04/2010David Zahn, senior vice president, is responsible for managing the Global Aggregate and Euro Aggregate fixed income strategies. He is a member of the Fixed Income Policy Committee and is a portfolio manager for many of the European Franklin Templeton fixed income funds.Prior to joining Franklin Templeton in 2006, Mr. Zahn was a senior portfolio manager at Citigroup Asset Management.Mr. Zahn holds a B.S. in business administration from the University of Maine and an M.B.A in finance from the University of Connecticut.He is a Chartered Financial Analyst (CFA) Charterholder and is a qualified Financial Risk Manager (FRM).
Emmanuel Teissier29/04/2010Emmanuel Teissier is a research analyst focusing on European investment grade utilities and industrials.Mr. Teissier joined Franklin Templeton in 2008 and had previously worked as an Associate at BNP Paribas in the debt capital markets division in London. Prior to BNP Paribas, he was a Senior Associate at Moody's Investors Service in Paris and London, responsible for rating European pharmaceuticals and consumer goods issuers.Mr.Teissier earned a European Master in Management from ESCP-EAP (Paris, Oxford and Berlin) and graduated from Diplom Kaufmann, Berlin.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Czech Republic, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Gibraltar, Greece, Guernsey, Hungary, Ireland, Italy, Jersey, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Slovakia, Sweden
Franklin European Corporate Bond A Acc EUR
Initial charge5%
Annual charge0.65%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price12.88
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIXT9
Franklin European Corporate Bond A YDis EUR
Initial charge5%
Annual charge0.65%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price11.24
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIXU0
Franklin European Corporate Bond I Acc EUR
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price13.31
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIXU1
Franklin European Corporate Bond I YDis EUR
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price11.32
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIXU2
Franklin European Corporate Bond N Acc EUR
Initial charge3%
Annual charge0.65%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)1.98%
Bid price-
Offer price-
Mid price12.18
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIXU3
Franklin European Corporate Bond N YDis EUR
Initial charge3%
Annual charge0.65%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)1.98%
Bid price-
Offer price-
Mid price11.09
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIXU4
Franklin European Corporate Bond W Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.69
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK7U
Franklin European Corporate Bond Y YDis EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.23
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFVEK
Data provided by

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