Morningstar Fund Report  | 14/04/2025Print

Templeton Global Bond Fund A(acc)EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Templeton Global Bond Fund A(acc)EUR
Fund-4.27.4-3.5-10.42.2
+/-Cat-2.17.8-5.5-12.72.1
+/-B’mrk0.714.4-2.7-10.32.6
 
Category: Global Flexible Bond
Category Benchmark: Morningstar Gbl Core Bd GR USD
Key Stats
NAV
11/04/2025		 EUR 21.96
Day Change 0.02%
Morningstar Category™ Global Flexible Bond
ISIN LU0152980495
Fund Size (Mil)
31/03/2025		 USD 2409.99
Share Class Size (Mil)
11/04/2025		 EUR 201.51
Max Initial Charge 5.00%
Ongoing Charge
12/02/2025		  1.35%
Morningstar Research
Analyst Report26/08/2024
Saraja Samant, Analyst
Morningstar, Inc

Templeton Global Bond benefits from a capable and well-resourced team, but concerns with risk management overwhelm the strategy’s strengths. It continues to earn a Morningstar Analyst Rating of Neutral across most of its share classes, including...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process23
Performance
Price
Investment Objective: Templeton Global Bond Fund A(acc)EUR
The Fund’s principal investment objective is to maximise, consistent with prudent investment management, total investment return consisting of a combination of interest income, capital appreciation and currency gains.
Returns
Trailing Returns (GBP)11/04/2025
YTD1.15
3 Years Annualised-3.81
5 Years Annualised-3.49
10 Years Annualised-0.59
12 Month Yield 0.00
Management
Manager Name
Start Date
Michael Hasenstab
01/06/2002
Calvin Ho
31/12/2018
Inception Date
09/09/2002

Category Benchmark
Fund BenchmarkMorningstar Benchmark
JPM GBI Global TR USDMorningstar Gbl Core Bd GR USD
Portfolio Profile for  Templeton Global Bond Fund A(acc)EUR31/03/2025
Fixed Income
Effective Maturity7.15
Effective Duration6.38
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond83.160.9782.20
Property0.000.000.00
Cash14.910.1114.80
Other0.000.000.00
Growth Of 1000 (GBP) 31/03/2025
Fund:  Templeton Global Bond Fund A(acc)EUR
Category:  Global Flexible Bond
Category Index:  Morningstar Gbl Core Bd GR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return7.50-2.58-6.67-4.187.38-3.49-10.362.19
+/- Category7.44-5.63-11.08-2.077.84-5.55-12.712.14
+/- Category Index2.43-5.06-12.440.6814.36-2.73-10.252.62
% Rank in Category29098633971009
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.02   0.330.37
1 Week-1.60   -0.60-0.22
1 Month-1.21   -0.57-1.49
3 Months-0.82   1.120.73
6 Months-3.88   -5.08-4.66
YTD1.15   1.521.65
1 Year-4.50   -6.22-6.02
3 Years Annualised-3.81   -5.62-3.05
5 Years Annualised-3.49   -4.88-0.62
10 Years Annualised-0.59   -2.96-2.17
 
Category: Global Flexible Bond
Category Index: Morningstar Gbl Core Bd GR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.19---
2024-3.62-4.383.67-6.18
2023-0.88-5.60-1.094.28
20225.19-0.392.360.12
2021-3.46-0.280.51-0.97
20200.851.37-5.06-3.84
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearLowAbove Average1 star
5-YearLowAverage1 star
10-YearLowAbove Average1 star
OverallLowAbove Average1 star
 
Category :  Global Flexible BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.43 %
3-Yr Mean Return-3.10 %
 
3-Yr Sharpe Ratio-0.95
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl Core Bd GR USD  Markit iBoxx ALBI Singapore TR SGD
3-Yr Beta1.181.17
3-Yr Alpha-0.51-6.44
 
Fixed Income Style31/01/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 2420
Maturity Distribution %
1 to 312.53
3 to 511.46
5 to 79.80
7 to 1030.59
10 to 1516.63
15 to 209.39
20 to 303.05
Over 300.00
Effective Maturity7.15
Effective Duration6.38
Credit Quality Breakdown %     %
AAA7.78   BB20.15
AA24.14   B2.86
A10.63   Below B1.36
BBB34.53   Not Rated-1.45
 
Category: Global Flexible Bond
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond83.160.9782.20
Property0.000.000.00
Cash14.910.1114.80
Other0.000.000.00
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings76
Assets in Top 10 Holdings42.86
NameSectorCountry% of Assets
Treasury Corporation of VictoriaAustralia5.79
Federal Home Loan BanksUnited States5.60
Secretaria Do Tesouro NacionalBrazil5.57
Malaysia (Government Of)Malaysia4.90
Norway (Kingdom Of)Norway4.84
Korea (Republic Of)Korea, Republic Of3.64
Secretaria Do Tesouro NacionalBrazil3.45
United States Treasury NotesUnited States3.10
Uruguay (Republic Of)Uruguay3.01
South Africa (Republic of)South Africa2.96
 
Increase Decrease New since last portfolio
Category: Global Flexible Bond
 
Management
Name of CompanyFranklin Templeton International Services S.à r.l.
Phone+352 46 66 67 212
Websitewww.franklintempleton.lu
Address8A, rue Albert Borschette
 Luxembourg   L-1246
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date09/09/2002
Fund Advisor(s)
Franklin Advisers, Inc.
Fund ManagerMichael Hasenstab
Manager Start Date01/06/2002
Career Start Year1995
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 ManagerCalvin Ho
Manager Start Date31/12/2018
Career Start Year2005
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 Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.05%
Ongoing Charge1.35%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes