Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio which may result in significant volatility and cause the fund to participate in losses on an amount that exceeds the fund’s initial investment. Our Security Measures. Learn more from FINRA about How to Find and Work with an Investment Professional. The markets for particular securities or types of securities are or may become relatively illiquid. Indices are unmanaged and one cannot invest directly in them. TPINX | A complete Templeton Global Bond Fund;A mutual fund overview by MarketWatch. Click "Stay Signed In" to continue your session and keep items in your cart. It includes the maximum initial sales charge, if any. See, Source: FTSE. Dynamic Core Global Bond Holding The Fund emphasizes risk-adjusted returns and capital preservation while seeking to identify the best opportunities across fixed income sectors globally. ", Rating Category: Guided by PIMCO’s global outlook, the fund’s flexible structure allows it to focus on what we believe are the best ideas in global fixed income while also retaining core-bond characteristics. TGBAX | A complete Templeton Global Bond Fund;Advisor mutual fund overview by MarketWatch. The actual amounts of net investment income shareholders will receive will be reported, along with any short-term capital gain distributions, as Ordinary Dividends on Form 1099-DIV. "We search the world for investment opportunities in currencies, interest rates and sovereign credit that can offer attractive potential returns and additional portfolio diversification. Forgotten User ID -or- Password? Reduced liquidity will have an adverse impact on the security’s value and on the fund’s ability to sell such securities when necessary to meet the fund’s liquidity needs or in response to a specific market event. Morningstar then averages these default rates to determine the average default rate for the entire bond fund. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Distributions are made to those who are registered shareholders of the fund on the record date. Terms and Conditions Privacy Policy Disclosures Member User Agreement Corrections Cookies, Credit Quality / Interest Rate Sensitivity, | 1-Day Return as of Dec 17, 2020, 11:09 PM GMT+00:00, Muni National Intermediate-Term Bond Funds. Speak with your financial professional about whether this fund is appropriate for you. is associated with the following mandatory items in your cart. It is calculated by taking a fund's excess return over that of the three-month Treasury bill divided by its standard deviation. Total returns, distribution rate, and yields reflect any applicable expense reductions, without which the results for those impacted funds would have been lower. Please see the prospectus supplement for more information. Changes in the financial strength of a bond issuer or in a bond’s credit rating may affect its value. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Invests at least 80% in bonds, and seeks to offer some protection against rising interest rates and a low correlation with the equity markets. Quarterly commentary discussing fund performance. Investors should read carefully the fund … Dynamic Global Bond Fund. Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds. The Fund aims to provide a high level of regular interest income. Based on the 3-year period ended as of the date of the calculation. All dates and distributions are subject to board approval. Download a free version from Adobe's website. The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TPINX’s performance objective and investment process is for both security selection and portfolio construction. These and other risks are discussed in the fund’s prospectus. World Bond Funds . The fund's 30-Day Standardized Yield is calculated using the net income (interest and dividends) per share earned over a trailing 30-day period (annualized), divided by the fund's share price at the end of that period. Please see the prospectus for additional information. Foreign securities involve special risks, including currency fluctuations (which may be significant over the short term) and economic and political uncertainties; investments in developing markets involve heightened risks related to the same factors. Estimates can change prior to the record date depending on market conditions and number of shares outstanding. ©2020 Morningstar, Inc. All rights reserved. The Fidelity Absolute Return Fund (the "Fund") is available to investors who can meet certain eligibility … Read important information about results and other investment disclosures. USD | NAV as of Dec 17, 2020 | 1-Day Return as of Dec 17, 2020, 11:09 PM GMT+00:00. The fund may not achieve the anticipated benefits, and may realize losses when a counterparty fails to perform as promised. This conversion allows shareholders to take advantage of the lower expenses offered by Class A shares. © Copyright 2020 Morningstar, Inc. All rights reserved. The DoubleLine Global Bond Fund seeks to generate strong risk-adjusted returns from the global bond markets. Public Offering Price — Purchase price for each share of the fund on a given day. The fund seeks current income with capital appreciation and growth of income, by investing at least 80% of its net assets in bonds of governments, government related entities and government agencies located anywhere in the world. Source: Morningstar®. Quarterly commentary discussing fund performance. Total Returns With Sales Charge: returns reflect the deduction of the stated sales charge. You need Adobe Acrobat Reader to view and print PDF documents. The People Pillar is our evaluation of the TPINX management team’s experience and ability. Franklin U.S. Government Money Fund Class R6 inception date is the first day it commenced offering such shares. For credit quality of the bonds owned, Morningstar combines credit rating information provided by the fund companies (only using ratings assigned by a Nationally Recognized Statistical Rating Organization - "NRSRO") with an average default rate calculation to come up with a weighted-average credit quality. The cash flow data is projected using the aggregated expected coupon and maturities of the individual bond holdings of the fund… Effective 3/1/19, the maximum initial sales charge for purchases of less than $100,000 of Franklin Templeton’s long-term fixed income funds (Class A and A1 shares) was lowered to 3.75%. Effective 9/10/18, certain sales charges and commissions paid to dealers on Class A and A1 shares of our mutual funds changed. The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics. Sovereign debt securities are subject to various risks in addition to those relating to debt securities and foreign securities generally, including, but not limited to, the risk that a government entity may be unwilling or unable to pay interest and repay principal on its sovereign debt, or otherwise meet its obligations when due. The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating. This site is protected by reCAPTCHA and the Google The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity Global Bond Fund. If interest rates rise significantly from current levels, bond fund … For more information on any of our funds, contact your financial professional or download a. The Gross Expense Ratio does not include a fee reduction related to the fund's investment in a Franklin Templeton money fund and/or other Franklin Templeton fund, contractually guaranteed through 4/30/20. The markets for particular securities or types of securities are or may become relatively illiquid. A statistical measurement of the range of a fund's total returns. Fund type: Core fund: Launch date: 2 Jan 2003: Investment objective: To provide a medium to long-term rate of return by investing mainly in global bonds. Based on the 3-year period ended as of the date of the calculation. Investment scope: The sub-fund will invest primarily in global investment grade corporate bonds. The annualized percentage difference between a fund's actual returns and its expected performance given its level of market risk, as measured by beta. For the AB Bond Inflation Strategy Fund and the AB Municipal Bond Inflation Strategy Fund, distribution yield is calculated by annualizing the most recent monthly dividend distribution and dividing that figure … Fund investment results reflect the fee reduction; without this reduction, the results would have been lower. All investments involve risks, including possible loss of principal. Index returns do not reflect any fees, expenses or sales charges. Morningstar Rating is for the named share class only; other classes may have different performance characteristics. Foreign securities involve special risks, including currency fluctuations (which may be significant over the short term) and economic and political uncertainties; investments in emerging markets involve heightened risks related to the same factors. Terms of Service apply. If you have any questions, please contact your financial professional or call Shareholder Services. Higher values generally indicate better historical risk-adjusted performance. The Fund invests globally at least 70% of its total assets in fixed income (FI) securities. The fund may not achieve the anticipated benefits, and may realize losses when a counterparty fails to perform as promised. Source: Morningstar®. The weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. The fund seeks current income with capital appreciation and growth of income, by investing at least 80% of its net assets in bonds of governments, government related entities and government agencies located anywhere in the world. The style box reveals a fund's investment style. Total returns with sales charges have been restated to reflect the current maximum initial sales charge of 3.75%. View more details, View cart to edit items, select amounts and checkout, Franklin Templeton and Legacy Legg Mason Products, Franklin Templeton Mutual Funds Price and Performance, Franklin Templeton ETFs Price and Performance. Based on the 3 years ended as of the date of the calculation. Doubleline’s strategy focuses on selecting securities with attractive valuations in countries … For performance reporting purposes, the inception date for Classes A/A1, R, R6, Z, and Advisor Class shares of all Franklin Templeton Funds is the date of effectiveness of the fund's registration statement or the first day the fund commenced operations. A statistical measurement of a fund's historical risk-adjusted performance. Its most expensive share class receives a Bronze. This measure takes into account variations in a fund's monthly performance, and does not take into account the effects of sales charges and loads, placing more emphasis on downward variations and rewarding consistent performance. Based on the 3-year period ended as of the date of the calculation. Increased return … Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. Exceptions: Templeton Global Balanced Fund Classes A and C use the inception date of the old Class A and C shares, renamed Class A1 and Class C1. World Bond World bond portfolios typically invest 40% or more of their assets in fixed-income instruments issued outside of the U.S. The fund … View mutual fund news, mutual fund market and mutual fund interest rates. Please see the prospectus supplement for more information. The classification of Limited will be assigned to those funds whose average effective duration is between 25% to 75% of MCBI's average effective duration; average effective duration between 75% to 125% of the MCBI will be classified as Moderate; and those at 125% or greater of the MCBI will be classified as Extensive. The objective is maximum total return consistent with preservation of capital and prudent investment management. Unlock our full analysis with Morningstar Premium. For Class C shares, generally the inception date is the first day the fund commenced offering such shares. The Parent Pillar is our rating of TPINX’s parent organization’s priorities and whether they’re in line with investors’ interests. If you have any questions, please contact your financial professional or call Franklin Templeton. The sub-fund may also invest in global … The Templeton Global Bond Fund (TPINX) is a popular international mutual fund that seeks current income with capital appreciation and growth. Reduced liquidity will have an adverse impact on the security's value and on the fund's ability to sell such securities when necessary to meet the fund's liquidity needs or in response to a specific market event. Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. The index data referenced herein is the property of Intercontinental Exchange ("ICE") and/or its licensors and has been licensed for use by Franklin Templeton. Investments in lower-rated bonds include higher risk of default and loss of principal. Our Security Measures, Forgotten User ID -or- Password? As the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers. Invests in domestic and foreign debt instruments, including government and corporate bonds; mortgage-backed, commercial mortgage-backed, and asset-backed securities; and preferred stocks. Percentage of the fund's returns explained by movements in the Citigroup World Government Bond Index. May invest in a variety of debt securities, obligations issued by U.S. and foreign corporations, as well as bank loans. For Franklin Mutual Series Funds and Franklin International Small Cap Growth Fund, the inception date for Classes A, C, R and R6 shares is the funds' oldest class', Z or Advisor, inception date. But its high-conviction approach amplifies the potential … A measure of the fund's volatility relative to the market, as represented by the Citigroup World Government Bond Index. Investors should carefully read and consider the fund offering document(s), which contain details on investment objectives, risk factors, charges and expenses of the fund, before making any investment decisions. Learn How to Read a Morningstar Analyst Report. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. The Fund consists of domestic, international and … Money funds and liquidated funds cannot be added to comparison. Launched in 2014, Dodge & Cox Global Bond is built on the same foundations featured in Gold-rated Dodge & Cox Income DODIX: a patient and disciplined strategy, strong and experienced … Most Franklin Templeton funds offer multiple share classes. We continually evaluate risk, shifting the risk budget based on relative attractiveness over the course of global economic and credit cycles. For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Important data provider notices and terms available at. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Signature Global Asset Management is a division of CI Investments Inc. Certain funds associated with Signature Global Asset Management are sub-advised by CI Global Investments Inc., a firm registered … The Fund invests primarily in foreign currency denominated bonds and money market instruments issued by Canadian federal, provincial … In general, Class A/A1 have a maximum initial sales charge; Class C/C1 shares have a 1% contingent deferred sales charge; Class Z, Advisor Class and Class R6 shares have no sales charges nor Rule 12b-1 fees; Class R shares have no sales charges, but do have a Rule 12b-1 fee. Investment Approach Seeks to provide an attractive rate of return, measured in U.S. dollars, through market, instrument and currency selection. Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio which may result in significant volatility and cause the fund to participate in losses on an amount that exceeds the fund's initial investment. Investments in lower-rated bonds include higher risk of default and loss of principal. As of Sept. 30, the fund had 27% of its assets invested in emerging market debt, compared with 7% for its benchmark, the Bloomberg Barclays Global Aggregate Bond Index. As the prices of bonds in the fund adjust to a rise in interest rates, the fund’s share price may decline. All investments involve risks, including possible loss of principal. Beginning on 10/19/18, Class C shares held for 10 years or more will automatically convert to Class A shares. At least 70% of the Fund… Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve. Quantitative and qualitative analysis is supplemented with on-the-ground research, leveraging the resources of local analysts around the world to identify investment opportunities and risks that a solely U.S.-based manager might miss. Current performance may differ from figures shown. Global Multi-Sector Bond Fund. There are literature items in your cart. Thereafter, Class C shares held for 10 years or more will automatically convert to Class A shares on a monthly basis. A beta greater than 1.00 indicates volatility greater than the market. Take this quick test to find out. Research efforts focus on rigorous country analysis to identify economic imbalances leading to value opportunities in currencies, interest rates (duration) and sovereign credit. Templeton Global Bond's distinct process works over the long term because of the manager's patience and the team's expertise. The Fund … Shaded areas show the past 3 years of quarterly data. If you sign out, all items will be removed. Share classes are subject to different fees and expenses, which will affect their performance. Sovereign debt securities are subject to various risks in addition to those relating to debt securities and foreign securities generally, including, but not limited to, the risk that a government entity may be unwilling or unable to pay interest and repay principal on its sovereign debt, or otherwise meet its obligations when due. Prior to 3/1/19, these shares were offered at a higher initial sales charge of 4.25%; thus actual returns would have differed. It may not equal the fund's actual income distribution rate, which reflects the fund's past dividends paid to shareholders. Templeton Global Bond Fund - Class A, R TPINX (4) AllianceBernstein Global Bond Fund - Class A, R ANAGX (4) American Funds Capital World Bond R5 RCWFX (4) DWS Global High Income Fund XLBFX (4) Managers Global Bond MGGBX (4) PIMCO Foreign Bond (USD-Hedged) R, A PFRRX (4) PIMCO Global Bond … T. Rowe Institutional Emerging Markets Bond Fund (PRSNX) The T. Rowe Institutional Emerging … These and other risks are discussed in the fund’s prospectus. Obligations issued by U.S. and global bond fund corporations, as well as bank loans income once your regular paycheck stops s! 'S historical risk-adjusted performance are discussed in the fund 's volatility relative to their benchmarks and/or peers not include or. Expenses and applicable fees any fees, expenses or sales charges have been to. Made to those who are registered shareholders of the lower expenses offered by Class a shares NAV of! Excess return over that of the date of the calculation our Security Measures, Forgotten User ID Password. Connection with this use Templeton Global bond 's credit rating may affect its.. 1.00 indicates volatility greater than the market, as well as bank loans with attractive valuations in countries … Multi-Sector! Share of the fund 's total returns with your financial professional or call Shareholder.... 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