Templeton Global Total Return Fund A MDis USD

鄧普頓環球總收益基金 A類 MDis 美元

LU0170475585

Risk Rating: Level 4

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

0.75%

HKD10,000.00Min. Subscription

USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
-1.57%
3 mth
-5.29%
6 mth
-5.71%
1 yr
+1.50%
3 yr
+9.52%
5 yr
-2.71%

Analytical Figures (3 years)

Annualized Return
+3.08%
Annualized Volatility
+8.11%
Sharpe Ratio
+0.15

Fund Information

Fund Houses
Franklin Templeton Investments (Asia) Ltd.
Launch Date
2003-08-28
Fund Manager
Michael Hasenstab
Sonal Desai
Manager Start Date
2003-08-29
2011-01-01
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Hybrid
Risk Rating
Risk Level 4

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 2019-08-30)
USD 15,705,697,239.22
Management Fee
0.75%
Latest Dividend
USD 0.086000 (2019-09-08)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.75%

HKD10,000.00Min. Subscription

USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2019-09-080.086000
2019-08-070.092000
2019-07-070.099000
2019-06-090.102000
2019-05-070.098000
2019-04-070.106000
2019-03-070.108000
2019-02-070.120000
2019-01-080.117000
2018-12-090.103000
2018-11-070.104000
2018-10-070.110000
2018-09-090.107000
2018-08-070.104000
2018-07-080.099000
2018-06-070.100000
2018-05-070.098000
2018-04-080.104000
2018-03-070.095000
2018-02-070.096000
2018-01-080.092000
2017-12-070.086000
2017-11-070.090000
2017-10-080.089000
2017-09-070.095000
2017-08-070.097000
2017-07-090.100000
2017-06-070.099000
2017-05-070.099000
2017-04-090.096000
2017-03-070.089000
2017-02-070.101000
2017-01-080.095000
2016-12-070.089000
2016-11-070.089000
2016-10-090.084000
2016-09-070.086000
2016-08-070.092000
2016-07-070.085000
2016-06-070.084000
2016-05-080.084000
2016-04-070.095000
2016-03-070.089000
2016-02-070.074000
2016-01-100.100000
2015-12-070.060000
2015-11-080.080000
2015-10-070.078000
2015-09-070.079000
2015-08-090.079000
2015-07-070.073000
2015-06-070.076000
2015-05-070.045000
2015-04-080.058000
2015-03-080.058000
2015-02-080.040000
2015-01-080.048000
2014-12-070.050000
2014-11-090.055000
2014-10-070.054000
2014-09-070.049000
2014-08-070.051000
2014-07-070.050000
2014-06-090.050000
2014-06-080.049000
2014-05-070.054000
2014-04-070.066000
2014-03-090.060000
2014-02-090.041000
2014-01-080.050000
2013-12-080.062000
2013-11-070.055000
2013-10-070.055000
2013-09-080.050000
2013-08-070.047000
2013-07-070.046000
2013-06-090.050000
2013-05-070.052000
2013-04-070.061000
2013-03-070.050000
2013-02-070.057000
2013-01-080.129000
2012-12-090.065000
2012-11-080.064000
2012-10-070.057000
2012-09-090.056000
2012-08-070.053000
2012-07-080.050000
2012-06-070.057000
2012-05-080.054000
2012-04-100.056000
2012-03-070.059000
2012-02-070.053000
2012-01-080.102000
2011-12-070.047000
2011-11-080.054000
2011-10-090.055000
2011-09-070.054000
2011-08-070.055000
2011-07-070.060000
2011-06-080.058000
2011-05-080.056000
2011-04-070.059000
2011-03-070.059000
2011-02-070.064000
2011-01-090.068000
2010-12-070.063000
2010-11-070.060000
2010-10-070.054000
2010-09-070.056000
2010-08-080.057000
2010-07-070.070000
2010-06-070.056000
2010-05-090.052000
2010-04-070.058000
2010-03-070.058000
2010-02-070.069000
2010-01-070.054000
2009-12-070.192000
2009-11-080.078000
2009-10-070.085000
2009-09-070.074000
2009-08-090.080000
2009-07-070.081000
2009-06-070.085000
2009-05-070.071000
2009-04-070.061000
2009-03-080.062000
2009-02-080.046000
2009-01-070.048000
2008-12-070.056000
2008-11-090.049000
2008-10-070.055000
2008-09-070.065000
2008-08-070.070000
2008-07-070.051000
2008-06-080.058000
2008-05-070.053000
2008-04-070.052000
2008-03-090.049000
2008-02-070.056000
2008-01-070.051000
2007-12-090.052000
2007-11-070.064000
2007-10-070.032000
2007-09-090.034000
2007-08-070.063000
2007-07-080.041000
2007-06-070.053000
2007-05-070.045000
2007-04-090.066000
2007-03-070.062000
2007-02-070.055000
2007-01-070.043000
2006-12-070.054000
2006-11-070.041000
2006-10-080.041000
2006-09-070.046000
2006-08-070.047000
2006-07-090.043000
2006-06-070.039000
2006-05-070.040000
2006-04-090.040000
2006-03-070.034000
2006-02-070.046000
2006-01-080.042000
2005-12-070.039000
2005-11-070.038000
2005-10-090.038000
2005-09-070.033000
2005-08-070.035000
2005-07-070.038000
2005-06-070.033000
2005-05-080.034000
2005-04-070.033000
2005-03-070.031000
2005-02-070.039000
2005-01-090.042000
2004-12-070.035000
2004-11-070.028000
2004-10-070.035000
2004-09-070.036000
2004-08-080.033000
2004-07-070.042000
2004-06-070.046000
2004-05-090.047000
2004-04-070.040000
2004-03-070.041000
2004-02-080.045000
2004-01-080.043000
2003-12-070.044000
2003-11-090.037000
2003-10-070.045000

Investment Objective

Templeton Global Total Return Fund ("the Fund") aims to maximize total investment return by achieving an increase in the value of its investments, earning income and realizing currency gains over the medium to long term.

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 securities owned by the Fund 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 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 securities held by the Fund will participate in the advance. Because the securities the 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 securities 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 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 Fund's fixed income securities (such as bonds) and the Fund's net asset value on a daily basis, in addition to impacting the amount of interest income earned by the Fund.
Conditions in the banking sector may also adversely affect interest rates and the prices of fixed income securities.
3. Credit risk
The Fund is exposed to the credit/default risk of issuers of the debt securities that the Fund may invest in.
Changes in the financial condition of an issuer, changes in economic and political conditions in general, or changes in economic and political conditions specific to an issuer, are factors that may have an adverse impact on an issuer's credit quality and security value. Default can occur if an issuer fails to make principal and interest payments when due, which may result in a substantial loss to the Fund. Debt securities are also exposed to the risk of being downgraded, which can adversely affect and/or result in a substantial loss to the Fund.
4. Sovereign debt risk
The Fund's investment in securities issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Fund to participate in restructuring such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers and may have limited legal recourse against a sovereign debt issuer.
5. Low-rated, unrated or non-investment grade securities risk
The 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.
6. Foreign currency risk
The Fund will typically invest to a significant degree in securities that are denominated in currencies other than the base currency of the Fund, exposing its investments to changes in foreign exchange rates and the possibility of exchange control regulations. Changes in currency exchange rates may adversely affect the value of the Fund, and also may affect the income earned by the Fund and gains and losses realized by the Fund. The Fund may use instruments such as currency forwards, cross currency forwards and currency futures contracts to hedge currency exposure, which can limit the potential for currency gains, or to take a currency position for investment purposes, which can result in substantial loss to the Fund. To the extent that the Fund seeks to hedge or protect against currency exchange risk, there is no guarantee that hedging or protection will be achieved, and the value of the Fund may be adversely affected. Furthermore, the total return for a share class that is denominated in a different currency (the "alternative currency") from the base currency of the Fund may be affected, either positively or negatively, by changes in the exchange rate between the Fund's base currency and the alternative currency.
7. Concentration risk
The Fund seeks to maintain a portfolio with holdings in a relatively limited number of issuers. By being less diversified, the Fund may be more volatile than broadly diversified funds, or may be exposed to greater risk since underperformance of one or a few positions will have a greater impact in a less diversified Fund. The Fund may be adversely affected as a result of such greater volatility or risk.
8. Liquidity risk
The 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 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 Fund.
9. Valuation risk
Valuation of the Fund's investments may involve uncertainties and judgmental determinations. Independent pricing information may not always be available. If valuations prove to be incorrect, the investors of the Fund may be adversely affected.
10. Volatility risk
The debt securities in emerging markets may be subject to higher volatility and lower liquidity compared to more developed markets. The prices of securities traded in such markets may be subject to fluctuations. The bid and offer spreads of the price of such securities may be large and the Fund may incur significant trading costs.
11. Mortgage- and asset-backed securities risk
With mortgage- and asset-backed securities, principal is paid back over the life of the security rather than at maturity. Such securities are subject to prepayment risk, when interest rates fall, resulting in a shortening of maturities and foregone future interest payments, as well as to extension risk when interest rates rise, resulting in longer maturities and greater sensitivity to changes in interest rates. Issuers of such securities may have limited ability to enforce the security interest in the underlying assets, and collateral may not be recoverable in the event of default. The value and performance of the Fund may be adversely affected as a result.
12. Mortgage dollar roll risk
The Fund may sell mortgage-backed securities for delivery in the current month and simultaneously contract to repurchase substantially similar securities on a future date. The Fund may suffer a substantial loss if the counterparty defaults.
13. Derivative instruments risk
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 Fund. Other risks include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. In adverse situations, the Fund's use of derivative instruments may become ineffective and the Fund may suffer significant losses.
14. High expected leverage risk
The Fund may have a net leveraged exposure of more than 100% of the net asset value of the Fund. This will further magnify any potential negative impact of any change in the value of the underlying asset on the Fund and also increase the volatility of the Fund's price and may lead to significant losses.
15. Swap agreements risk
In a standard "swap" transaction, two parties agree to exchange the returns (or differential in rates of return) earned or realized on particular predetermined investments or instruments. Whether the Fund's use of swap agreements will be successful in furthering its investment objective will depend on the ability of the investment manager to correctly predict whether certain types of investments are likely to produce greater returns than other investments. Swap agreements are illiquid and in the event of the default or bankruptcy of a swap agreement counterparty, the Fund may suffer a substantial loss.
16. Credit-linked securities risk
The Fund may invest in credit-linked securities (such as credit default swaps). The Fund may be adversely affected by any delay or cessation in the making of payments by the issuers of the debt obligations underlying the credit-linked security or by the issuer of the credit-linked security. If the market for credit-linked securities becomes illiquid, the Fund could experience difficulty in selling such security at a price the investment manager believes is fair, and the Fund may be adversely impacted.
17. Structured notes risk
Structured notes involve a counterparty structuring a note whose value is intended to move in line with the underlying security specified in the note. Unlike financial derivative instruments, cash is transferred from the buyer to the seller of the note. Investment in these instruments may cause a loss if the value of the underlying security decreases. There is also a risk that the note issuer will default. The liquidity of a structured note can be less than that for the underlying security, a regular bond or debt instrument and this may adversely affect the Fund.
18. Counterparty risk
The Fund may be exposed to the credit/default risks of its counterparties and the Fund/investors may be adversely impacted.
19. Class hedging risk
The hedging strategy for a hedged share class may not work as intended, exposing investors of that share class to currency risk. Additionally, investors of a hedged share class may be exposed to fluctuations in the net asset value per share reflecting the gains/losses on and the associated transaction costs of the financial instruments used for hedging, and such investors may be adversely impacted.
20. Dividend policy risk
The Fund's dividend policy allows for payment of dividends out of capital or effectively out of capital. Where this is done, it amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund's capital or payment of dividends effectively out of the Fund's capital (as the case may be) may result in an immediate reduction of the net asset value per share.

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