Fact sheet: Templeton Global Hi Yld

Fund information
Fund name
Templeton Global High Yield A MDis USD
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Michael Hasenstabsince 27/09/2007
  • Glenn Voylessince 01/05/2015
Fund objective
The Fund aims to earn a high level of current income, and seeks capital appreciation when consistent with its principal objective of high current income, by investing principally in fixed and floating rate debt securities of issuers globally, including those in emerging markets.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
11%
1 Year rank in sector
18/77
Sector
FO Fixed Int - Global High Yield
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.
1.7%
Fund size
£170m (£184m 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.
76
Top in this sector
Fund name1 Year
Franklin GblCorpHiYd31.1%
Pioneer SICV-Gbl Hi Yld27%
HSBC GIF Gbl AsBk Hg Yld Bd21.3%
BlueBay Em Mkt HY Crp16.9%
Schroder ISFGbHiIBd16.6%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA42.8%
    Others17.8%
    Money Market8.9%
    Mexico7.7%
    Malaysia5.4%
  • Non Investment Grade Bonds64.7%
    Investment Grade Government Bonds20.7%
    Cash & Cash Equivalents8.9%
    Others4%
    Investment Grade Corporate Bonds1.9%
  • US Fixed Interest42.8%
    Global Fixed Interest17.8%
    Money Market8.9%
    Mexican Fixed Interest7.7%
    Malaysian Fixed Interest5.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%4.3%9.2%11%3.1%24%
Sector0.2%4.5%7.8%8.9%11.2%36.8%
Rank within sector39 / 8346 / 8227 / 8118 / 7755 / 5937 / 40
Quartile2nd3rd2nd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund10.8%-6.9%-3%4.4%14.5%
Sector9.6%-2.5%1.4%5.2%15.5%
Rank within sector30 / 8064 / 7062 / 6342 / 5127 / 42
Quartile2nd4th4th4th3rd
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.
-3.66
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.
1.34
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%.
6.81
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.
2.76
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.
-0.87
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.
0.89
Price movement
52 week high8.81
52 week low7.68
Current bid price-
Current offer price-
Current mid price8.72
Region
1USA42.82%
2Others17.76%
3Money Market8.92%
4Mexico7.66%
5Malaysia5.43%
6Ukraine4.48%
7Brazil3.8%
8Ghana3.39%
9UK2.95%
Industry sector
1Non Investment Grade Bonds64.72%
2Investment Grade Government Bonds20.71%
3Cash & Cash Equivalents8.92%
4Others4%
5Investment Grade Corporate Bonds1.89%
6Equities0.01%
7Derivatives-0.25%
Asset type
1US Fixed Interest42.82%
2Global Fixed Interest17.76%
3Money Market8.92%
4Mexican Fixed Interest7.66%
5Malaysian Fixed Interest5.43%
6European Emerging Fixed Interest4.48%
7Brazilian Fixed Interest3.8%
8African Fixed Interest3.39%
9UK Fixed Interest2.95%
Individual holdings
1ISHARES $ HIGH YIELD CORPORATE BOND UCITS ETF4%
2GOVERNMENT OF MEXICO, SENIOR NOTE, M, 5.00%, 6/15/172.89%
3NOTA DO TESOURO NACIONAL. SENIOR NOTE. 10.00%. 1/01/171.65%
4MEXICO(UNITED MEXICAN STATES) 7.25% BDS 15/12/16 MXN1001.62%
5MALAYSIA 3.394% 15/03/20171.27%
6HCA INC 5.875% BDS 01/05/23 USD20001.15%
7NOTA DO TESOURO NACIONAL. 10.00%. 1/01/211.11%
8SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)1%
9TITULOS DE TESORERIA. B. 7.75%. 9/18/300.89%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Fund aims to earn a high level of current income, and seeks capital appreciation when consistent with its principal objective of high current income, by investing principally in fixed and floating rate debt securities of issuers globally, including those in emerging markets.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Hasenstab27/09/2007Dr. Michael Hasenstab, Ph.D.,Executive Vice President, Chief Investment Officer, Global Bonds of Franklin Advisers, Inc. and co-director of the international bond department, overseeing the global fixed income portfolio management team. The group offers a variety of investment vehicles ranging from retail mutual funds to unregistered, privately offered hedge funds. In addition, he is a member of the group's Fixed Income Policy Committee and is a portfolio manager for a number of Franklin Templeton funds, including Templeton Global Bond Fund and Templeton Global Total Return Fund. Dr. Hasenstab has won numerous awards globally, including being named Morningstar's 2010 Fixed Income Manager of the Year and recognized as one of the most influential fund managers by Investment News in 2010. Bloomberg Markets named him Top Global Bond Fund Manager in 2010 and Top U.S. and Global Bond Fund Manager in 2009. Additionally, he was named Global Bond Manager of the Year by Investment Week in 2008, 2010, and 2011, and also Best Global Manager by Standard & Poor's/BusinessWeek in 2006. Dr. Hasenstab initially joined Franklin Templeton Investments in July 1995. After a leave of absence to obtain his doctor of philosophy (Ph.D.) degree, he rejoined the company in April 2001. He specializes in global macroeconomic analysis with a focus on currency, interest rate and sovereign credit analysis of developed and emerging market countries. Dr. Hasenstab has worked and traveled extensively abroad, with a special focus on Asia. Dr. Hasenstab holds a Ph.D. in economics from the Asia Pacific School of Economics and Management at Australian National University, a master's degree in economics of development from the Australian National University and a B.A. in international relations/political economy from Carleton College in the United States.
Glenn Voyles01/05/2015Glenn Voyles is a vice president, high-yield analyst, and portfolio manager for Franklin Advisers, Inc. He co-manages the Franklin Templeton Institutional High Yield Strategy, Franklin Templeton Limited Duration Income Trust and Franklin Universal Trust, a closed-end fund. Mr. Voyles specializes in research analysis of the energy industries. Mr. Voyles joined Franklin Templeton in 1993. He holds a B.A. in economics from Stanford University. He is a Chartered Financial Analyst (CFA) Charterholder, a member of Security Analysts of San Francisco (SASF), and the CFA Institute.
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, Hong Kong, Hungary, Ireland, Italy, Jersey, Lithuania, Luxembourg, Latvia, Macau, Netherlands, Norway, Offshore, Poland, Portugal, Singapore, Slovakia, Sweden
Templeton Global High Yield A Acc EUR
Initial charge5%
Annual charge0.85%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price12.96
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBDO8
Templeton Global High Yield A Acc USD
Initial charge5%
Annual charge0.85%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price14.53
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBDO7
Templeton Global High Yield A MDis EUR
Initial charge5%
Annual charge0.85%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price7.79
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeATF4
Templeton Global High Yield A MDis USD
Initial charge5%
Annual charge0.85%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price8.72
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeATF3
Templeton Global High Yield I Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price13.86
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBDO9
Templeton Global High Yield N Acc EUR
Initial charge3%
Annual charge0.85%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price12.36
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBDP1
Data provided by

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