Fact sheet: Franklin Flex Alp Bd

Fund information
Fund name
Franklin Flexible Alpha Bond A Acc USD
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Michael Materassosince 18/03/2016
  • David Yuensince 18/03/2016
Fund objective
The Fund’s principal investment objective is to seek total return through a combination of current income and capital appreciation in excess of the London Interbank Offered Rate (LIBOR) 90 Day (USD) over a full market cycle (being a period of time that spans a full business and economic cycle, which may include periods of rising and declining interest rates).
Benchmark
  • LIBOR USD 3 month rate
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Absolute Return
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.
1.39%
Fund size
£340m (£309m last year)
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd16.5%
Polar Capital UK Abs Eq9.8%
Orbis Optimal SA9.8%
Orbis Optimal USD9.6%
Orbis Optimal EUR8.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • International74.3%
    Money Market24.9%
    Australasia0.3%
    Eurozone0.2%
    Asia0.1%
  • Others47.2%
    Cash & Cash Equivalents26.9%
    Investment Grade Corporate Bonds25.9%
    Mortgage & Secured Bonds14.1%
    Asset/Mortgage-Backed Securities10.6%
  • Global Fixed Interest73.1%
    Cash & Cash Equivalents26.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.2%0.1%---
Sector-0.5%-0.5%0.3%-0.6%2.2%9.5%
Rank within sector65 / 14169 / 14183 / 138---
Quartile2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector-0%0.7%1.2%3.6%3.9%
Rank within sector-----
Quartile
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 high10.11
52 week low10
Current bid price-
Current offer price-
Current mid price10.07
Region
1International74.28%
2Money Market24.93%
3Australasia0.29%
4Eurozone0.22%
5Asia0.13%
6North America0.09%
7Europe0.06%
Industry sector
1Others47.23%
2Cash & Cash Equivalents26.93%
3Investment Grade Corporate Bonds25.94%
4Mortgage & Secured Bonds14.14%
5Asset/Mortgage-Backed Securities10.62%
6Floating Rate Notes7.26%
7Local Government Bonds5.57%
8Government Bonds4.09%
9Derivatives-41.78%
Asset type
1Global Fixed Interest73.07%
2Cash & Cash Equivalents26.93%
Individual holdings
No data available.
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Fund’s principal investment objective is to seek total return through a combination of current income and capital appreciation in excess of the London Interbank Offered Rate (LIBOR) 90 Day (USD) over a full market cycle (being a period of time that spans a full business and economic cycle, which may include periods of rising and declining interest rates).
Benchmark
  • LIBOR USD 3 month rate
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Materasso18/03/2016Michael Materasso is a Senior Vice President, Head of Insurance Portfolio Management and Co-Chair of the Fixed Income Policy Committee for Franklin Templeton Fixed Income. Mr. Materasso has nearly thirty years of investment experience managing fixed income multi-sector portfolios for institutional clients including insurance companies at Franklin Templeton. His market and client experience along with his macroeconomic and multi-sector responsibilities makes him well suited to work with Franklin Templeton's insurance and fixed income sector teams to construct portfolios which meet clients' goals and risk parameters from a quantitative, qualitative and regulatory perspective. Prior to joining Franklin Templeton in 1988, Mr. Materasso managed fixed income portfolios at Chase Manhattan Bank and Sterling National Bank. Mr. Materasso holds a B.B.A. in Finance and Investments from Baruch College, City University of New York. Mr. Materasso is Vice Chairman of the Board of Trustee of Marymount Manhattan College and a member of the Executive on Campus Program at Baruch College, City university of New York.
David Yuen18/03/2016David Yuen, senior vice president, serves as a director of quantitative strategy and risk management in the Franklin Templeton Fixed Income department. Mr. Yuen develops portfolio strategies and investment processes with emphasis on sector allocation, portfolio construction and relative value security selection procedures. In addition, he implements and manages the risk management system and the performance attribution procedures. Prior to joining Franklin Templeton, Mr. Yuen was senior investment officer for Susquehanna Partners and a manager of fixed income trading at Alex Brown, Inc. Mr. Yuen holds a B.S., with honors, in chemistry from the California Institute of Technology and an M.B.A., with honors, in finance from the University of California, Los Angeles Graduate School of Management. Mr. Yuen is a Chartered Financial Analyst (CFA) charterholder and is a qualified Financial Risk Manager (FRM), as certified by the Global Association of Risk Professionals. He has authored various financial and portfolio management publications and speaks at diverse financial and capital market seminars and conferences.
Compliance
Transparent for Austrian Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Cyprus, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hungary, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Singapore, Sweden
Franklin Flexible Alpha Bond A Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price10.64
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7RR
Franklin Flexible Alpha Bond A Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price10.07
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7RS
Franklin Flexible Alpha Bond A H1 Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price9.99
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7RT
Franklin Flexible Alpha Bond A H1 QDis EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price9.98
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7RU
Franklin Flexible Alpha Bond I Acc EUR
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
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 updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7RX
Franklin Flexible Alpha Bond 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)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.11
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7RY
Franklin Flexible Alpha Bond I H1 Acc EUR
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.03
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7RO
Franklin Flexible Alpha Bond I H1 Acc GBP
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.14
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7RP
Franklin Flexible Alpha Bond I H1 YDis GBP
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.13
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7RQ
Franklin Flexible Alpha Bond I YDis USD
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price10.1
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7RZ
Franklin Flexible Alpha Bond N Acc EUR
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.97%
Bid price-
Offer price-
Mid price10.6
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7SB
Franklin Flexible Alpha Bond N H1 Acc EUR
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price9.95
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7RV
Franklin Flexible Alpha Bond N H1 QDis EUR
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.97%
Bid price-
Offer price-
Mid price9.94
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7RW
Franklin Flexible Alpha Bond N QDis USD
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.97%
Bid price-
Offer price-
Mid price10.03
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7SA
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.