Franklin Floating Rate Fund A Dis USD

富蘭克林浮動息率基金 A類 Dis 美元

IE0032578035

Risk Rating: Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.53%

HKD10,000.00Min. Subscription

AUD / HKD / JPY / EUR / GBP / RMB / USD / NZD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-0.09%
3 mth
+2.26%
6 mth
+1.23%
1 yr
+0.58%
3 yr
+3.71%
5 yr
+12.19%

Analytical Figures (3 years)

Annualized Return
+1.22%
Annualized Volatility
+2.38%
Sharpe Ratio
-0.17

Fund Information

Fund Houses
Franklin Templeton Investments (Asia) Ltd.
Launch Date
2002-10-14
Fund Manager
Madeline Lam
Justin G. Ma
Mark Boyadjian
Manager Start Date
2005-07-01
2013-06-01
2014-09-30
Geographical Focus
US
Asset Class/ Sector
Fixed Income - Hybrid
Risk Rating
Risk Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2020-01-30)
USD 661,336,180.58
Management Fee
0.53%
Latest Dividend
USD 0.042900 (2020-02-02)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.53%

HKD10,000.00Min. Subscription

AUD / HKD / JPY / EUR / GBP / RMB / USD / NZD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:30

-

Dividend Records

Dividend DateDividend Records (USD)
2020-02-020.042900
2020-01-010.044700
2019-12-010.039100
2019-10-310.043800
2019-09-300.039200
2019-09-020.036300
2019-07-310.039800
2019-06-300.032600
2019-06-020.036193
2019-04-300.036095
2019-03-310.031846
2019-02-280.031943
2019-01-310.032782
2019-01-010.030985
2018-12-020.027876
2018-10-310.030612
2018-09-300.025557
2018-09-030.028643
2018-07-310.030180
2018-07-010.026914
2018-05-310.030045
2018-04-300.033305
2018-04-020.029320
2018-04-010.029300
2018-02-280.025591
2018-01-310.031800
2018-01-010.025022
2017-11-300.026708
2017-10-310.026205
2017-10-010.022663
2017-08-310.023136
2017-07-310.022137
2017-07-020.019665
2017-05-310.020424
2017-04-300.016929
2017-04-020.018840
2017-02-280.017622
2017-01-310.023175
2017-01-020.023923
2016-11-300.023903
2016-10-310.027440
2016-10-020.027297
2016-08-310.033118
2016-07-310.027820
2016-06-300.030835
2016-05-310.033132
2016-05-010.028924
2016-03-310.032695
2016-02-290.031731
2016-01-310.028727
2016-01-030.032940
2015-11-300.029130
2015-11-010.030250
2015-09-300.026610
2015-08-310.027102
2015-08-020.027481
2015-07-080.028000
2015-06-300.027953
2015-05-310.030429
2015-04-300.031162
2015-03-310.029027
2015-03-010.029564
2015-02-020.029600
2015-02-010.028936
2015-01-010.031906
2014-11-300.027030
2014-11-020.030175
2014-09-300.022795
2014-09-010.026674
2014-07-310.025133
2014-06-300.020526
2014-06-010.025454
2014-04-300.021496
2014-03-310.018650
2014-03-020.018000
2014-02-020.022862
2014-01-010.022720
2013-12-010.023454
2013-10-310.023269
2013-09-300.016010
2013-09-020.023894
2013-07-310.021798
2013-06-300.016487
2013-06-020.023608
2013-04-300.018114
2013-03-310.022200
2013-02-280.023416
2013-01-310.021273
2013-01-010.041111
2012-12-020.023922
2012-10-310.030136
2012-09-300.027385
2012-09-030.034327
2012-07-310.036426
2012-07-010.027152
2012-05-310.033953
2012-04-300.028666
2012-04-010.037102
2012-02-290.026410
2012-01-310.030501
2012-01-020.032795
2011-11-300.031933
2011-10-310.028638
2011-10-020.029916
2011-08-310.031719
2011-07-310.029944
2011-06-300.028934
2011-05-310.026927
2011-05-010.023656
2011-03-310.035184
2011-02-280.028048
2011-01-310.026752
2011-01-020.037246
2010-11-300.031227
2010-10-310.033655
2010-09-300.031415
2010-08-310.029280
2010-08-010.031621
2010-06-300.026356
2010-05-310.024255
2010-05-020.023194
2010-03-310.023353
2010-02-280.022267
2010-01-310.016637
2010-01-030.026212
2009-11-300.018878
2009-11-010.021590
2009-09-300.018547
2009-08-310.016752
2009-08-300.016800
2009-08-020.024404
2009-06-300.014304
2009-05-310.020233
2009-04-300.018337
2009-03-310.019756
2009-03-010.013424
2009-02-010.019735
2009-01-010.027406
2008-11-300.028531
2008-11-020.038022
2008-09-300.027721
2008-09-010.032483
2008-07-310.029586
2008-06-300.027960
2008-06-010.028214
2008-04-300.027360
2008-03-310.038893
2008-03-020.043212
2008-01-310.043814
2008-01-010.045340
2007-12-020.046194
2007-10-310.049258
2007-09-300.050117
2007-09-030.051578
2007-07-310.050295
2007-07-010.048680
2007-05-310.045807
2007-04-300.050831
2007-04-010.048923
2007-02-280.044287
2007-01-310.051060
2007-01-020.051364
2006-11-300.049974
2006-10-310.051431
2006-10-010.048645
2006-08-310.050651
2006-07-310.050525
2006-07-020.045465
2006-05-310.047002
2006-04-300.044296
2006-04-020.043812
2006-02-280.040121
2006-01-310.044528
2006-01-020.040499
2005-11-300.037117
2005-10-310.039208
2005-10-020.035402
2005-08-310.034898
2005-07-310.034024
2005-06-300.031436
2005-05-310.032720
2005-05-010.031102
2005-03-310.030419
2005-02-280.027634
2005-01-310.029121
2005-01-020.026544
2004-11-300.024570
2004-10-310.024510
2004-09-300.021447
2004-08-310.022694
2004-08-010.021016
2004-06-300.019071
2004-05-310.019722
2004-05-020.020537
2004-03-310.020540
2004-02-290.024098
2004-02-010.027273
2004-01-010.017976
2003-11-300.021982
2003-11-020.026710
2003-09-300.025365
2003-09-010.030385
2003-08-310.030400
2003-07-310.031699
2003-06-300.030102
2003-06-010.032980
2003-04-300.032810
2003-03-310.034041
2003-03-020.031997
2003-02-020.034632
2003-01-010.034346
2002-12-010.036124
2002-10-310.018211
2002-10-300.018200

Investment Objective

Franklin Floating Rate Fund plc (the “Fund”) aims to provide investors with a high level of current income and preservation of capital by investing up to 100% of its net assets in shares of the Franklin Floating Rate Master Trust (the “Master Fund”) which invests primarily in senior secured corporate loans and corporate debt securities with floating interest rates.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Market risk
The market values of the Master Fund’s investments (such as corporate loans and corporate debt securities) will tend to go up or down, sometimes rapidly or unpredictably, due to factors affecting individual issuers, particular industries or sectors within securities markets, or because of general market conditions. During a general downturn in the debt and securities markets, multiple asset classes (including different sectors of the same asset class) may decline in value at the same time. Similarly, when markets perform well, there can be no assurance that investments held by the Master Fund will participate in the advance. Because the investments the Master Fund holds fluctuate in price in this manner, the Fund’s value may go down as well as up and investors may be adversely affected
2. Interest rate risk
Interest rates changes tend to be driven by prevailing economic, political and regulatory conditions as well as issuer-specific factors, impacting longer term securities more than short-term securities. A fixed income loan or security’s value will generally increase in value when interest rates fall and decrease in value when interest rates rise. Movements in interest rates may therefore adversely affect the valuation of the Master Fund’s investments (such as corporate loans and corporate debt securities) and the net asset values of the Master Fund and the Fund on a daily basis, in addition to impacting the amount of interest income earned by the Master Fund. Conditions in the banking sector may also adversely affect interest rates and the prices of fixed income securities, which may in turn adversely affect the value and/or performance of the Master Fund and the Fund.
3. Credit risk and sovereign debt risk
The Master Fund may invest in debt obligations (such as bonds) issued by governments and corporate entities. Investment in sovereign debts issued or guaranteed by governments or by corporate entities involves a high degree of risk, as default can occur if the relevant government or corporate entity is not able or willing to repay the principal and/or interest when due. Fixed income securities are also exposed to the risk of being downgraded, which can adversely affect and/or result in a substantial loss to the Master Fund. Additional risks for sovereign debt include the unilateral rescheduling of sovereign debt by the issuer and the limited legal recourses available against a sovereign issuer, which may adversely affect the Master Fund and the Fund.
4. Low-rated, unrated or non-investment grade securities risk
The Master Fund may invest in lower rated, unrated or non-investment grade securities (such as lower rated bonds) where the risk of failure to pay interest and/or principal is greater vs. higher rated securities. Lower rated, unrated or non-investment grade securities generally pose greater illiquidity and valuation risks. These risks may result in a substantial loss to the Fund.
5. Liquidity risk
The Master Fund may not be able to easily sell securities due to adverse market conditions or reduced value or creditworthiness of issuers in which it invests. The inability of the Master Fund to sell securities or positions may also impede the ability of the Fund to meet redemption requests in a timely manner. Certain securities may also be illiquid due to limited trading markets or contractual restrictions on their resale. Reduced liquidity due to these factors may have an adverse impact on the net asset value of the Master Fund and the Fund.
6. Emerging markets risk
The Master Fund may invest in, or be exposed to, emerging markets. Emerging markets are generally smaller and less liquid, with greater exposure to economic, political, and regulatory uncertainties, than developed markets. The risks of investments in emerging markets, which can adversely affect and/or result in a substantial loss to the Fund, may include: investment and repatriation restrictions; the potential for unusual or higher market volatility as compared to more industrialized nations; shallow and substantially smaller liquid securities markets than in more industrialized countries, which means the Master Fund may at times be unable to sell certain securities at desirable prices; international and regional political and economic developments; possible imposition of exchange controls or other local governmental laws or restrictions.
7. Repurchase agreement risk
With collateralized repurchase transactions, the Master Fund and the Fund could suffer losses if the counterparty defaults and the collateral is worth less than the cash placed under the agreement.
8. Derivatives risk
The Master Fund may use derivative instruments or structured products for hedging or for efficient portfolio management (to reduce risk or cost), although there is no assurance that the use of derivative instruments for these intended purposes will be achieved. Derivative instruments involve cost, may be volatile, and may involve a leverage effect. A small market movement may give rise to a proportionately larger impact, which may cause substantial loss to the Master Fund and the Fund. Other risks include delivery failure, default by the counterparty or the inability to close out a position because the trading market becomes illiquid.
9. Counterparty risk
Over-the-counter bilateral contracts for financial derivatives used for hedging purposes or for efficient portfolio management depend on the solvency of the counterparties involved, exposing the Master Fund and the Fund to potential loss. The issuers of loans and securities in which the Master Fund invests may assume large amounts of debt in order to achieve their business objectives and may enter into transactions such as refinancings, recapitalizations, mergers and acquisitions, and other financings for general corporate purposes. High indebtedness and restructurings can be the result of, or lead to, financial distress for the issuers, resulting in losses to the Master Fund and the Fund.
10. Hedged share classes risk
The Fund is offered in hedged share classes in addition to unhedged share classes. The intent of the hedged share classes is to offer a return that closely tracks the comparable USD share classes less hedging costs, but in a currency other than the base currency, which is accomplished using forward foreign currency contracts or currency options. There is a risk that such techniques will not achieve their intended objective, that hedging costs may be higher than expected, or that hedging will limit gains the investor would have otherwise earned if the class currency falls against the base currency of the Fund, which may adversely impact investors of the relevant hedged share class.
11. Currency risk
The investments of the Master Fund may be denominated in currencies other than the class currencies of the share classes of the Fund. In such circumstances, adverse exchange rate fluctuations between the currencies in which the investments of the Master Fund are denominated and the relevant class currency may indirectly result in a decrease in return and/or a loss of capital for shareholders.

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