Morningstar Fund Report | 05/04/2025

Templeton Emerging Markets Bond Fund A(Qdis)USD

Performance History	31/03/2025

Growth of 1,000 (GBP)	Advanced Graph

	Fund	-6.0	-5.3	6.7	3.7	1.1
	+/-Cat	1.2	-6.8	0.3	5.2	0.1
	+/-B’mrk	-	-	-	3.3	0.2


Category: Global Emerging Markets Bond - Local Currency
Category Benchmark: Morningstar EM Govt Bd LCCY...

Key Stats
NAV 03/04/2025		USD 6.75
Day Change		-1.24%
Morningstar Category™		Global Emerging Markets Bond - Local Currency
ISIN		LU0029876355
Fund Size (Mil) 31/03/2025		USD 1734.68
Share Class Size (Mil) 04/04/2025		USD 229.29
Max Initial Charge		5.00%
Ongoing Charge 12/02/2025		1.80%

Morningstar Research

Analyst Report	28/02/2025 Morningstar Manager Research, Morningstar, Inc
The experience of Templeton Emerging Markets Bond's team is extensive, but concerns related to the level and complexity of risk-taking in its process, together with a narrow investment universe, continues to support a Morningstar Analyst Rating...
Click here to read this analyst report on the underlying fund.

Morningstar Pillars
People	24
Parent	23
Process	23
Performance
Price

Investment Objective: Templeton Emerging Markets Bond Fund A(Qdis)USD

The Fund’s investment objective is to maximize, consistent with prudent investment management, total investment return, consisting of a combination of interest income, capital appreciation and currency gains.

Returns

Trailing Returns (GBP)	03/04/2025
YTD	-0.60
3 Years Annualised	0.44
5 Years Annualised	-1.50
10 Years Annualised	0.77

12 Month Yield		9.81
Dividend Paying Frequency		Quarterly

Management

Manager Name Start Date
Michael Hasenstab 01/06/2002
Calvin Ho 31/12/2018
Inception Date 05/07/1991

Category Benchmark

Fund Benchmark	Morningstar Benchmark
JPM EMBI Global TR USD	Morningstar EM Govt Bd LCCY GR USD

Portfolio Profile for Templeton Emerging Markets Bond Fund A(Qdis)USD	31/01/2025

Top 5 Holdings	%
Uruguay (Republic Of) 3.875%	6.32
Ecuador (Republic Of) 5.5%	5.73
Egypt (Arab Republic of) 0%	5.59
Malaysia (Government Of) 3.899%	4.82
Kenya (Republic of) 9.75%	4.16

Fixed Income
Effective Maturity	7.37
Effective Duration	4.91

Morningstar Style Box®

Fixed Income Style

Asset Allocation

	% Long	% Short	% Net Assets
Stock	0.00	0.00	0.00
Bond	75.42	0.00	75.42
Property	0.00	0.00	0.00
Cash	164.93	148.18	16.75
Other	0.00	0.00	0.00

Growth Of 1000 (GBP)

31/03/2025

	Fund: Templeton Emerging Markets Bond Fund A(Qdis)USD
	Category: Global Emerging Markets Bond - Local Currency
	Category Index: Morningstar EM Govt Bd LCCY GR USD

Annual Returns (GBP)						31/03/2025
	2018	2019	2020	2021	2022	2023	2024	31/03
Price Return	0.44	-3.64	-9.39	-6.00	-5.28	6.73	3.66	1.10
+/- Category	2.86	-10.75	-8.87	1.24	-6.78	0.25	5.22	0.09
+/- Category Index	-	-	-	-	-	-	3.35	0.21
% Rank in Category	39	99	100	20	98	53	5	45

Trailing Returns (GBP)			03/04/2025
	Total Returns	+/- Category	+/- Category Index
1 Day	-1.24	-0.66	-0.53
1 Week	-1.42	-1.09	-0.92
1 Month	-3.12	-1.51	-1.58
3 Months	-1.99	-1.29	-0.96
6 Months	-1.87	-0.51	-1.40
YTD	-0.60	-0.96	-0.49
1 Year	-2.68	-2.13	-3.86
3 Years Annualised	0.44	-2.60	-2.50
5 Years Annualised	-1.50	-3.38	-3.42
10 Years Annualised	0.77	-1.63	-2.27

Category: Global Emerging Markets Bond - Local Currency
Category Index: Morningstar EM Govt Bd LCCY GR USD

Quarterly Returns (GBP)				31/03/2025
	Quarter 1	Quarter 2	Quarter 3	Quarter 4
2025	1.10	-	-	-
2024	5.76	-3.14	0.73	0.46
2023	-0.81	1.44	1.35	4.66
2022	1.76	-8.34	-1.04	2.62
2021	-4.13	2.16	-1.14	-2.92
2020	-4.31	2.75	-5.37	-2.61

Morningstar Rating™(Relative to Category)

28/02/2025

	Morningstar Return	Morningstar Risk	Morningstar Rating™
3-Year	Below Average	High
5-Year	Low	Average
10-Year	Below Average	Below Average
Overall	Below Average	Average

Click here to see our Methodology

Volatility Measurements

31/03/2025


3-Yr Std Dev	8.56 %
3-Yr Mean Return	1.72 %


3-Yr Sharpe Ratio	-0.27

Modern Portfolio Statistics	31/03/2025	31/03/2025
	Standard Index	Best Fit Index
	Morningstar EM Govt Bd LCCY GR USD	Morningstar EZN HY Bd GR EUR
3-Yr Beta	1.15	0.93
3-Yr Alpha	-1.48	-2.75

Fixed Income Style

31/01/2025

Morningstar Style Box®

Fixed Income Style

Size	Rel to Cat
Total Market Value (Mil)	USD 1784


Maturity Distribution	%
1 to 3	11.57
3 to 5	10.85
5 to 7	21.53
7 to 10	9.76
10 to 15	18.89
15 to 20	14.49
20 to 30	1.93
Over 30	4.02

Effective Maturity	7.37
Effective Duration	4.91

Credit Quality Breakdown	%		%
AAA	10.98	BB	12.14
AA	0.00	B	24.34
A	10.68	Below B	13.22
BBB	29.41	Not Rated	-0.78

Category: Global Emerging Markets Bond - Local Currency

Asset Allocation

31/01/2025

	% Long	% Short	% Net Assets
Stock	0.00	0.00	0.00
Bond	75.42	0.00	75.42
Property	0.00	0.00	0.00
Cash	164.93	148.18	16.75
Other	0.00	0.00	0.00

Top 10 Holdings

31/01/2025

	Portfolio NEW
Total Number of Equity Holdings	0
Total Number of Bond Holdings	88
Assets in Top 10 Holdings	43.86

Name	Sector	Country	% of Assets
Uruguay (Republic Of) 3.875%		Uruguay	6.32
Ecuador (Republic Of) 5.5%		Ecuador	5.73
Egypt (Arab Republic of) 0%		Egypt	5.59
Malaysia (Government Of) 3.899%		Malaysia	4.82
Kenya (Republic of) 9.75%		Kenya	4.16
Egypt (Arab Republic of) 0%		Egypt	4.13
Asian Development Bank 10.1%			3.53
International Bank for Reconstruction...			3.22
Colombia (Republic Of) 9.25%		Colombia	3.19
Dominican Republic 5.875%		Dominican Republic	3.18

Increase Decrease New since last portfolio
Category: Global Emerging Markets Bond - Local Currency

Management

Name of Company	Franklin Templeton International Services S.à r.l.
Phone	+352 46 66 67 212
Website	www.franklintempleton.lu
Address	8A, rue Albert Borschette
	Luxembourg L-1246
	Luxembourg

Domicile	Luxembourg
Legal Structure	SICAV
UCITS	Yes
Inception Date	05/07/1991

Fund Advisor(s)
Franklin Advisers, Inc.

Fund Manager	Michael Hasenstab
Manager Start Date	01/06/2002
Career Start Year	1995

Education

Australian National University, Ph.D.

Australian National University, M.A.

Carleton College, B.A.



Biography
Michael Hasenstab, Ph.D., has been a lead portfolio manager of Franklin Templeton which he first joined in 1995, rejoining again in 2001 after a three-year leave to obtain his Ph.D.. He was EVP and CIO for Templeton Global Macro, responsible for global macroeconomic and country-specific analysis, and interest rate, currency and sovereign credit market outlooks. He is an economic advisor to the CEO of Franklin Resources, Inc., providing perspective and insight through the lens of Templeton Global Macro.Dr. Hasenstab holds a Ph.D. in economics at Australian National University.

Fund Manager	Calvin Ho
Manager Start Date	31/12/2018
Career Start Year	2005

Education

University of California–Berkeley, Ph.D.

University of California–Berkeley, B.A.



Biography
Calvin Ho, Ph.D., is a senior vice president and director of research for Templeton Global Macro. Dr. Ho also serves as a portfolio manager for a number of funds, including Templeton Global Bond Fund, Templeton Global Total Return Fund and Templeton Emerging Market Bond Fund. Dr. Ho joined Franklin Templeton Investments in 2005 after obtaining his Ph.D. at UC Berkeley. He has been a core part of the Templeton Global Macro team since 2005, working closely with Dr. Michael Hasenstab as a lead research analyst. Dr. Ho holds both B.A. and Ph.D. in economics from University of California, Berkeley.

Fees and Expenses

Sales Charges (Maximum)
Max Initial Charge	5.00%
Max Exit Charge*	n/a

Annual Charges
Max Annual Management Charge	1.50%
Ongoing Charge	1.80%

Purchase Details

Minimum Investments
Initial	1000 USD
Additional	1000 USD
Savings	-

Tax Free Savings Schemes
ISAs	Yes