Fact sheet: Franklin Floating Rate II

Fund information
Fund name
Franklin Floating Rate II A YDis USD
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Madeline Lamsince 29/05/2007
  • Justin Masince 01/06/2013
  • Mark Boyadjiansince 30/09/2014
Fund objective
The aim of Franklin Floating Rate II Fund is to provide investors with a high level of current income while preserving capital. To achieve this aim, the Fund focuses primarily on investing in senior secured corporate loans and corporate debt securities with floating interest rates.
Benchmark
  • Credit Suisse Leveraged Loan Index
Investment style
None
Investment method
Floating Rate Notes
Quick stats
1 Year return
6.1%
1 Year rank in sector
15/17
Sector
FO Fixed Int - USD Corporate Bond
Yield
-
Fund size
£382m
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.
66
Top in this sector
Fund name1 Year
Deutsche Inv I EM Crp16.4%
Nordea 1 Emrg Mkt Crp Bd12.9%
UBS LBdSICVEmrgEcCorp$11.3%
JB BF EM Corporate Bond10.5%
Threadneedle (L)EmgMktCpBd10.5%
...more in FO Fixed Int - USD Corporate Bond

Performance snapshot

Holdings snapshot

  • International95.3%
    Money Market4.7%
  • Others33%
    Health Care11.8%
    Other Metals8.3%
    Leisure8.1%
    Utilities7.1%
  • Global Fixed Interest93.9%
    Cash & Cash Equivalents4.7%
    International Equities1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%4.3%7.9%6.1%8.4%23.1%
Sector0.1%2.6%6.1%9.2%15.4%25.6%
Rank within sector1 / 182 / 183 / 1715 / 1713 / 138 / 9
Quartile1st1st1st4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund9.1%-2.2%0.3%4.2%7.8%
Sector9.2%-1.2%5.4%-1.5%10.2%
Rank within sector10 / 1716 / 1713 / 131 / 1110 / 10
Quartile3rd4th4th1st4th
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.
-0.87
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.
0.64
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
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%.
3.34
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.
2.78
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.
-0.96
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.
0.43
Price movement
52 week high9
52 week low8.08
Current bid price-
Current offer price-
Current mid price9.01
Region
1International95.29%
2Money Market4.71%
Industry sector
1Others33.01%
2Health Care11.77%
3Other Metals8.34%
4Leisure8.12%
5Utilities7.09%
6Chemicals7.08%
7Retail6.68%
8Transport6.66%
9Information Technology6.54%
Asset type
1Global Fixed Interest93.92%
2Cash & Cash Equivalents4.71%
3International Equities1.37%
Individual holdings
1VALEANT PHARMACEUTICALS INTERNL2.98%
2ALINTA HLDGS2.75%
3CARAUSTAR INDUSTRIES INC2.59%
4COMMUNITY HEALTH SYSTEMS INC(NEW)2.22%
5FMG AMERICA FINANCE, INC. (FORTESCUE METALS GROUP) 2.22%
6CHEMOURS COMPANY2.16%
7CALPINE CORP2.03%
8CYANCO INTERMEDIATE CORP2.03%
9BMC SOFTWARE INC1.97%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The aim of Franklin Floating Rate II Fund is to provide investors with a high level of current income while preserving capital. To achieve this aim, the Fund focuses primarily on investing in senior secured corporate loans and corporate debt securities with floating interest rates.
Benchmark
  • Credit Suisse Leveraged Loan Index
Investment style
None
Investment method
Floating Rate Notes
Fund managers
NameSinceBiography
Madeline Lam29/05/2007Madeline Lam is vice president portfolio manager for the Franklin Advisers' Floating Rate Debt Group. She specializes in the analysis of bank loans in the health care industry.Prior to joining the firm in 1998, she worked for Paribas as a banking officer in their diversified industries group and an associate in their health care group. Ms. Lam was also an analyst in Chase Manhattan Bank's (now JP Morgan Chase) global energy division.Ms.Lam earned a B.B.A. in finance from the University of Texas at Austin.
Justin Ma01/06/2013Justin Ma is a portfolio analyst for the Franklin Advisers' Floating Rate Debt Group. Mr. Ma provides portfolio analytics for the floating rate retail funds. He joined Franklin Templeton in 2006 and the Floating Rate Debt Group in 2008. Prior to joining the Floating Rate Debt Group, he worked for Franklin Portfolio Advisors and provided analysis for separately managed municipal bond portfolios. Mr. Ma holds a B.A. from Stanford University and is a Chartered Financial Analyst (CFA) Charterholder.
Mark Boyadjian30/09/2014Mark Boyadjian is a senior vice president of Franklin Templeton Investments, head of Franklin Advisers' Floating Rate Debt Group. Mr.Boyadjian was most recently responsible for Franklin Templeton Investments' International Local Asset Management Groups in India and Korea, as well as the Global Investment Risk Management and the Global Investment Performance departments. Since joining Franklin Templeton Investments in 1998, Mr. Boyadjian has held a variety of positions. Between 1999 and 2002 he was chief administrative officer for the Portfolio Management Group where he was responsible for managing the financial, legal, regulatory, and technological requirements for the enterprises' investment management groups. Concurrently, Mr. Boyadjian was the director of Global Portfolio Services with responsibility for introducing and managing enterprise-wide investment risk and portfolio analytics solutions. During the nine year period prior to joining Franklin Templeton Investments, Mr. Boyadjian was a principal and fixed income portfolio manager at Scudder, Stevens & Clark, Inc. Mr. Boyadjian holds a B.A. from the University of California at Berkeley. He is a Chartered Financial Analyst (CFA) Charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, 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 Floating Rate II A Acc USD
Initial charge6.5%
Annual charge0.9%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price12.85
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBZC7
Franklin Floating Rate II A H1 Acc EUR
Initial charge6.5%
Annual charge0.9%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price9.18
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBZC9
Franklin Floating Rate II A YDis USD
Initial charge6.5%
Annual charge0.9%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price9.01
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBZC8
Franklin Floating Rate II I Acc USD
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price13.19
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBZD0
Franklin Floating Rate II I H1 Acc EUR
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price9.38
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBZD2
Franklin Floating Rate II I Mdis USD
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price8.8
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBZD1
Franklin Floating Rate II I QDis EUR
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price9.48
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF9MQ
Franklin Floating Rate II W Acc USD
Initial charge-
Annual charge0.5%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price11.15
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF5KN
Franklin Floating Rate II W H1 Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price10.53
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK7L
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