Fact sheet: Franklin GCC Bond

Fund information
Fund name
Franklin GCC Bond A Acc USD
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Sharif Eidsince 29/08/2013
  • Mohieddine Kronfolsince 29/08/2013
Fund objective
The Fund’s investment objective is to maximise, consistent with prudent investment management, total investment return consisting of a combination of interest income, capital appreciation and currency gains in the long term.
Benchmark
  • Citigroup MENA Broad Bond GCC Issuers Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.1%
1 Year rank in sector
3/3
Sector
FO Fixed Int - Other
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.
1.43%
Fund size
£53m (£51m 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.
78
Top in this sector
Fund name1 Year
HSBC GIF India Fix Income11.1%
Twelve Falcon Ins Opprtns8.8%
Franklin GCC Bond5.1%
Boost US Treas 10Y 3x Levge Dly ETP-0.3%
Boost USTrses10Y3XShtDlyETP-3.3%
...more in FO Fixed Int - Other

Performance snapshot

Holdings snapshot

  • United Arab Emirates45.3%
    Bahrain13.6%
    Qatar12.3%
    Kuwait11.1%
    Saudi Arabia8.1%
  • Government Agency Bonds34.1%
    Government Guaranteed29.6%
    High Yield Bond14.1%
    Financials12.8%
    Cash & Cash Equivalents6.5%
  • GCC Fixed Interest92.3%
    Money Market6.5%
    Middle East & African Fixed Interest2.2%
    US Fixed Interest-1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%-1.7%2%5.1%16.2%-
Sector-0.3%0.6%4.3%7%12.5%18.9%
Rank within sector3 / 44 / 43 / 33 / 33 / 3-
Quartile3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund5.2%1%8.5%--
Sector6.3%0.2%5.9%-1%6.1%
Rank within sector3 / 33 / 33 / 3--
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.
1.84
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.
0.78
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.
0.34
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%.
3.9
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.
2.99
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.
0.32
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.
0.44
Price movement
52 week high12.26
52 week low11.04
Current bid price-
Current offer price-
Current mid price12.03
Region
1United Arab Emirates45.28%
2Bahrain13.64%
3Qatar12.25%
4Kuwait11.11%
5Saudi Arabia8.09%
6Money Market6.51%
7Turkey2.18%
8Oman1.92%
9USA-0.98%
Industry sector
1Government Agency Bonds34.13%
2Government Guaranteed29.6%
3High Yield Bond14.13%
4Financials12.75%
5Cash & Cash Equivalents6.51%
6Local Government Bonds2%
7Industrials1.86%
8Derivatives-0.98%
Asset type
1GCC Fixed Interest92.29%
2Money Market6.51%
3Middle East & African Fixed Interest2.18%
4US Fixed Interest-0.98%
Individual holdings
1GOVERNMENT OF QATAR. SENIOR NOTE. REG S. 3.25%. 6/02/266.34%
2BAHRAIN(KINGDOM OF) 6% NTS 19/09/44 USD200000 REG S5.61%
3DANA GAS SUKUK LTD.. CVT.. SENIOR NOTE. REG S. 7.00%. 31/10/20175.2%
4ABU DHABI GOVERNMENT INTERNATIONAL BOND . SENIOR NOTE. REG S. 3.125%. 5/03/264.36%
5ABU DHABI NATIONAL ENERGY CO PJSC 3.625% NTS 01/12/23 USD200000 144A4.23%
6DP WORLD LTD.. REG S. 6.85%. 7/02/373.38%
7KUWAIT PROJECTS CO.. SENIOR NOTE. REG S. 5.00%. 3/15/233.35%
8ABU DHABI NATIONAL ENERGY CO PJSC 3.875% NTS 06/05/24 USD200000 REG S3.23%
9GEMS MEA SUKUK LTD., JUNIOR SUB. NOTE, REG S, 12.00% TO 11/21/18, FRN THEREAFTER, PERPETUAL2.88%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Fund’s investment objective is to maximise, consistent with prudent investment management, total investment return consisting of a combination of interest income, capital appreciation and currency gains in the long term.
Benchmark
  • Citigroup MENA Broad Bond GCC Issuers Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Sharif Eid29/08/2013Sharif Eid is a portfolio manager for Franklin Templeton Investments (Middle East) Limited. Mr. Eid joined the investment team in April 2009 as a portfolio analyst and helped develop the Global Sukuk and MENA Fixed Income team's fundamental research capabilities and production. Mr. Eid previously worked for TD Securities in Toronto where he was a trader on the Credit, FX and interest rate options desks. Mr. Eid holds a bachelor's degree in industrial engineering and a master's degree in mathematical finance, both from the University of Toronto.
Mohieddine Kronfol29/08/2013Mohieddine (Dino) Kronfol is a chief investment officer of Global Sukuk and MENA fixed income at Franklin Templeton Investments. He is one of the founding partners and board member of Franklin Templeton Investments (ME), formerly Algebra Capital, and has been with the firm since its inception in 2006. Mr. Kronfol is responsible for the investment process, research and performance of the Global Sukuk and MENA Fixed Income teams. He is also a member of Franklin Templeton's Fixed Income Policy Committee Research and Local Asset Management teams. Mr. Kronfol was previously the Head of SHUAA Capital's Debt Asset Management where he launched and managed the first funds to focus exclusively on MENA debt. Prior to that, Mr. Kronfol was the Head of Capital Markets at SHUAA where he managed investments in global FX, commodity, interest rate and equity markets. Earlier, Mr. Kronfol was a senior associate responsible for fixed income at MECG, one of the MENA region's first pan Arab investment banks. Mr. Kronfol holds a bachelor's degree in business administration and an M.B.A. from the American University of Beirut.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS V Compliant
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, Slovakia, Sweden
Franklin GCC 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)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price12.03
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBYR
Franklin GCC Bond A MDis USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.42%
Bid price-
Offer price-
Mid price10.62
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBYS
Franklin GCC Bond B Acc USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.9%
Total expense ratio (TER)2.87%
Bid price-
Offer price-
Mid price11.46
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFBYU
Franklin GCC Bond B MDis USD
Initial charge-
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.89%
Total expense ratio (TER)2.88%
Bid price-
Offer price-
Mid price10.42
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBYV
Franklin GCC 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)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price12.27
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBYT
Franklin GCC Bond W MDis USD
Initial charge-
Annual charge0.65%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price9.85
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEAMA
Data provided by

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