Franklin Euro Government Bond Fund A YDis EUR

富蘭克林歐元政府債券基金 A類 YDis 歐元

LU0093669546

Risk Rating: Level 2

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 one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds 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

1.50%

HKD10,000.00Min. Subscription

EUR

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
+0.08%
3 mth
+3.90%
6 mth
+8.03%
1 yr
+9.91%
3 yr
+6.07%
5 yr
+13.03%

Analytical Figures (3 years)

Annualized Return
+1.99%
Annualized Volatility
+3.40%
Sharpe Ratio
+0.72

Fund Information

Fund Houses
Franklin Templeton Investments (Asia) Ltd.
Launch Date
1999-01-07
Fund Manager
John W. Beck
David Zahn
Manager Start Date
John W. Beck (Start Date: 2007-08-31) David Zahn (Start Date: 2007-08-31)
Geographical Focus
Europe
Asset Class/ Sector
Fixed Income - Investment grade sovereign
Risk Rating
Risk Level 2

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 one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-08-30)
EUR 74,257,965.92
Management Fee
1.50%
Latest Dividend
EUR 0.115000 (2019-06-30)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.50%

HKD10,000.00Min. Subscription

EUR

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:30

2019-09-30

Dividend Records

Dividend DateDividend Records (EUR)
2019-06-300.115000
2018-07-010.090000
2017-07-020.100000
2016-06-300.110000
2015-06-300.074000
2014-06-300.117000
2013-06-300.191000
2012-07-010.155000
2011-06-300.174000
2010-06-300.248000
2009-06-300.294000
2008-06-300.291000
2007-07-010.233000
2006-07-020.217000
2005-06-300.153000
2004-11-300.296000
2003-11-300.534000
2002-12-010.395000
2001-12-020.166000
2000-11-300.393000
1999-11-300.105000

Investment Objective

Franklin Euro Government Bond Fund (the “Fund”) aims to maximise the investment return by achieving an increase in the value of its investments and earning income 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. Europe and Eurozone risk:
The Fund may invest in the Eurozone. Mounting sovereign debt burdens (e.g. any sovereigns within the Eurozone, which default on their debts, may be forced to restructure their debts and faced difficulties in obtaining credit or refinancing) and slowing economic growth among European countries, combined with uncertainties in European financial markets, including feared or actual failures in the banking system and the possible break-up of the Eurozone and Euro currency, may adversely affect interest rates and the prices of securities across Europe and potentially other markets as well. These events may increase volatility, liquidity and currency risks associated with investments in Europe. The aforesaid economic and financial difficulties in Europe may spread across Europe and as a result, a single or several European countries may exit the Eurozone or a sovereign within the Eurozone may default on its debts. In any event of the break-up of the Eurozone or Euro currency, the Fund may be exposed to additional operational or performance risks. While the European governments, the European Central Bank, and other authorities are taking measures (e.g. undertaking economic reforms and imposing austerity measures on citizens) to address the current fiscal conditions, these measures may not have the desired effect and therefore the future stability and growth of Europe is uncertain. The performance and value of the Fund may be adversely affected should there be any adverse credit events (e.g. downgrade of the sovereign credit rating or default or bankruptcy of any Eurozone countries).
6. Low-rated 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.
7. 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.
8. 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.
9. 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.
10. Regional market risk:
By being concentrated in one region (i.e., Europe), the Fund could suffer greater volatility compared to funds that follow a more diversified policy. The value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting Europe and the Fund/investors may be adversely impacted.
11. Derivative instruments risk:
Derivative instruments involve cost, may be volatile, and may involve a leverage effect. A smallmarket 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.
12. Counterparty risk:
The Fund may be exposed to the credit/default risks of its counterparties and the Fund/investors may be adversely impacted.
13. 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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