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TGBAX Templeton Global Bond Adv

  • Fund
  • TGBAX
  • Price as of: Dec 05, 2016
  • $11.53
  • + $0.06
  • + 0.52%
  • Category
  • Global Bonds

TGBAX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return 2.8%
  • Net Assets $42.4 B
  • Holdings in Top 10 30.2%

52 WEEK LOW AND HIGH

$11.53
$10.70
$11.67

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.68%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 49.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

Global Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style World Bond

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.91%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Templeton Global Bond Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Jan 02, 1997
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Sonal Desai

Fund Description

The Templeton Global Bond Fund Advisor Class (TGBAX) is an actively managed, unconstrained global bond fund. Its wide mandate means that TGBAX’s managers can bet on any bond in any country in the world. This includes government and corporate debt from developed and emerging markets as well as local and U.S. dollar-denominated debt. TGBAX’s vast analyst team uses various fundamental credit analysis techniques to determine where to place TGBAX’s assets.

Expenses for the fund are average and as a “go anywhere” fund, TGBAX makes an ideal investment paired with a broad fixed-income portfolio. The fund is managed by Franklin Advisers.

TGBAX - Performance

Return Ranking - Trailing

Period TGBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -6.2% 210.5% 59.94% 4
1 Yr 1.5% -14.6% 10.6% 81.90% 5
3 Yr 0.4% * -4.9% 6.9% 65.12% 4
5 Yr 2.8% * -5.4% 7.2% 28.69% 2
10 Yr 6.7% * -3.1% 6.6% 0.59% 1

* Annualized


Return Ranking - Calendar

Period TGBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.1% -12.4% 1.2% 51.52% 4
2014 -5.2% -8.4% 10.8% 64.08% 5
2013 -1.9% -11.4% 0.9% 8.11% 1
2012 7.8% -1.3% 11.2% 10.76% 1
2011 -8.8% -8.8% 4.6% 68.63% 5

Total Return Ranking - Trailing

Period TGBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.3% -6.2% 210.5% 39.42% 3
1 Yr 1.5% -18.0% 10.6% 69.21% 4
3 Yr 0.4% * -4.9% 6.9% 57.65% 3
5 Yr 2.8% * -3.0% 7.2% 27.05% 2
10 Yr 6.7% * -3.1% 11.9% 0.59% 1

* Annualized


Total Return Ranking - Calendar

Period TGBAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.2% -12.4% 1.5% 31.99% 2
2014 2.0% -8.4% 19.6% 31.34% 2
2013 2.8% -11.4% 4.5% 2.32% 1
2012 23.9% 0.0% 31.9% 1.79% 1
2011 -3.0% -7.4% 11.4% 71.08% 5

NAV & Total Return History

TGBAX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

TGBAX Category Low Category High TGBAX % Rank Quintile
Net Assets 42.4 B 4.39 M 64.5 B 0.63% 1
Number of Holdings 163 1 4132 17.03% 4
Net Assets in Top 10 13.7 B -831 M 13.7 B 0.32% 1
Weighting of Top 10 30.2% 4.6% 325.9% 17.35% 3

Top 10 Holdings

  1. Vereinigte Mexikanische 7.75% 6.52%
  2. United Mexican States 8.5% 5.88%
  3. Korea(Republic Of) 2% 3.00%
  4. Brazil Federative Rep 2.66%
  5. Brazil Federative Rep 10% 2.58%
  6. Secretaria Tesouro Nacl 10% 2.21%
  7. Malaysia (Govt Of) 4.012% 2.00%
  8. Indonesia(Rep Of) 8.375% 1.82%
  9. Indonesia(Rep Of) 8.375% 1.79%
  10. Korea Treasury Bond 1.73%

Asset Allocation

Weighting Category Low Category High TGBAX % Rank Quintile
Bonds
65.32% -2.09% 137.05% 24.92% 5
Cash
35.02% -44.65% 100.87% 2.52% 1
Other
1.45% -1.72% 19.21% 11.67% 3
Convertible Bonds
0.00% 0.00% 8.26% 9.46% 3
Preferred Stocks
0.00% 0.00% 3.07% 7.26% 3
Stocks
-1.79% -2.34% 53.26% 8.52% 5

Bond Sector Breakdown

Weighting Category Low Category High TGBAX % Rank Quintile
Government
63.46% -17.01% 126.24% 8.83% 2
Cash & Equivalents
35.58% -26.68% 353.01% 3.15% 1
Corporate
1.09% 0.00% 81.66% 26.81% 5
Securitized
0.00% 0.00% 59.48% 23.34% 5
Municipal
0.00% 0.00% 42.81% 11.36% 3
Derivative
0.00% -321.39% 24.14% 5.05% 2

Bond Geographic Breakdown

Weighting Category Low Category High TGBAX % Rank Quintile
Non US
65.32% -0.31% 347.04% 11.04% 2
US
0.00% -309.96% 87.90% 23.97% 5

TGBAX - Expenses

Operational Fees

TGBAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.68% 0.09% 7.16% 44.79% 1
Management Fee 0.48% 0.00% 1.28% 8.52% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.45% 4.49% 3

Sales Fees

TGBAX Fees (% of AUM) Category Low Category High TGBAX Rank Quintile
Front Load N/A 2.50% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

TGBAX Fees (% of AUM) Category Low Category High TGBAX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TGBAX Fees (% of AUM) Category Low Category High TGBAX Rank Quintile
Turnover 49.70% 0.00% 477.00% 19.24% 1

TGBAX - Distributions

Dividend Yield Analysis

TGBAX Category Low Category High TGBAX % Rank Quintile
Dividend Yield 0.4% 0.00% 1.16% 13.40% 1

Dividend Distribution Analysis

TGBAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

TGBAX Category Low Category High TGBAX % Rank Quintile
Net Income Ratio 3.91% -0.85% 6.81% 8.20% 1

Capital Gain Distribution Analysis

TGBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

TGBAX - Managers

Sonal Desai

Manager

Start Date

Jan 01, 2011

Tenure

5.84

Tenure Rank

4.6%

Vice-President, Portfolio Manager & Director of Research.Associated with the Franklin Templeton organization since 2009; prior thereto associated with Thames River Capital and Dresdner Kleinwort Wasserstein.


Michael J. Hasenstab

Lead Manager

Start Date

Dec 31, 2001

Tenure

14.84

Tenure Rank

1.2%

Michael Hasenstab, Ph.D., is executive Senior Vice President, Portfolio Manager, and Co-Director of International Bond Department. Dr. Hasenstab initially joined Franklin Templeton Investments in July 1995. After a leave of absence to obtain his Ph.D., he rejoined the company in April 2001. Dr. Hasenstab holds a Ph.D. in economics from the Asia Pacific School of Economics and Management, a master's degree in economics of development at Australian National University, and a B.A. in international relations/political economy from Carleton.


Tenure Analysis

Category Low

0.1

Category High

24.9

Category Average

5.87

Category Mode

4.8