FEMDX: Franklin Emerging Market Debt Opps

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FEMDX Franklin Emerging Market Debt Opps

  • Fund
  • FEMDX
  • Price as of: Nov 14, 2019
  • $11.44 + $0.01 + 0.09%

FEMDX - Profile

Vitals

  • YTD Return 7.1%
  • 3 Yr Annualized Return 5.3%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $384 M
  • Holdings in Top 10 27.0%

52 WEEK LOW AND HIGH

$11.44
$10.66
$11.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.11%

SALES FEES

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

BROKERAGE FEES

  • Turnover 14.29%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Emerging Markets Bond

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 5.3%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 8.58%
DIVIDENDS
  • Dividend Yield 7.5%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Franklin Emerging Market Debt Opportunities Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date May 24, 2006
  • Shares Outstanding 33782152
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager William Ledward

Fund Description

The fund invests at least 80% of its net assets in debt securities of "emerging market countries." Emerging market countries generally include those considered to be developing by the World Bank. It invests mainly in debt securities issued by sovereign and sub-sovereign government entities. The fund may invest up to 100% of its assets in debt securities that are rated below investment grade. It may also invest up to 15% of its net assets in defaulted debt securities.

FEMDX - Fund Company Quick Screens

FEMDX - Performance

Return Ranking - Trailing

Period FEMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -12.1% 76.3% 43.49%
1 Yr 7.1% -17.6% 23.4% 42.44%
3 Yr 5.3%* -10.3% 9.1% 4.86%
5 Yr 4.1%* -8.9% 22.7% 10.19%
10 Yr 5.9%* -5.6% 12.4% 9.46%

* Annualized


Return Ranking - Calendar

Period FEMDX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.6% -53.1% 2.2% 54.22%
2017 7.1% -9.1% 15.4% 20.48%
2016 11.7% -12.3% 219.0% 3.46%
2015 -7.9% -29.9% 14.0% 56.86%
2014 -9.2% -22.4% 200.4% 92.70%

Total Return Ranking - Trailing

Period FEMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -12.1% 76.3% 44.26%
1 Yr 7.1% -17.6% 23.4% 47.84%
3 Yr 5.3%* -7.2% 15.5% 9.89%
5 Yr 4.1%* -6.4% 32.8% 12.06%
10 Yr 5.9%* -5.6% 21.1% 9.46%

* Annualized


Total Return Ranking - Calendar

Period FEMDX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.6% -53.1% 3.8% 65.58%
2017 11.7% -6.6% 21.6% 13.35%
2016 12.4% -12.3% 242.1% 7.13%
2015 -2.4% -29.9% 22.6% 19.39%
2014 -0.9% -22.2% 203.8% 60.10%

NAV & Total Return History

FEMDX - Holdings

Concentration Analysis

FEMDX Category Low Category High FEMDX % Rank
Net Assets 384 M 926 K 14.1 B 37.07%
Number of Holdings 97 5 3562 73.68%
Net Assets in Top 10 101 M -144 M 11.4 B 36.91%
Weighting of Top 10 27.01% 5.6% 1055.7% 61.72%

Top 10 Holdings

  1. PBR KYIV Finance Plc 7.5% 3.61%

  2. Societe Des Hydrocarbures Du Tchad Frn 12/31/2027 Tranche B 3.56%

  3. Uruguay (Republic of) 3.7% 3.19%

  4. Republic of South Africa 7% 3.15%

  5. Republic of El Salvador 7.65% 2.93%

  6. Oilflow Spv 1 DAC 12% 2.34%

  7. International Bank Of Azerbaijan 5.62% 2.24%

  8. Turkey (Republic of) 0% 2.07%

  9. Empresa de Telecomunicaciones de Bogota S.A. E.S.P.. 7% 2.06%

  10. Trinidad Petroleum Holdings Limited 9.75% 1.86%


Asset Allocation

Weighting Return Low Return High FEMDX % Rank
Bonds
85.50% 80.10% 1025.08% 90.62%
Cash
12.10% -1000.79% 20.55% 6.96%
Other
2.40% -31.37% 67.70% 17.25%
Stocks
0.00% -61.27% 110.51% 53.86%
Preferred Stocks
0.00% 0.00% 10.86% 34.80%
Convertible Bonds
0.00% -0.84% 50.87% 62.78%

Bond Sector Breakdown

Weighting Return Low Return High FEMDX % Rank
Government
55.64% -12.72% 1025.08% 61.27%
Corporate
29.87% 0.00% 242.29% 25.42%
Cash & Equivalents
12.07% -999.86% 49.97% 8.32%
Derivative
0.02% -167.75% 61.05% 21.94%
Securitized
0.00% 0.00% 113.77% 53.86%
Municipal
0.00% 0.00% 94.52% 28.29%

Bond Geographic Breakdown

Weighting Return Low Return High FEMDX % Rank
Non US
84.27% -95.83% 193.82% 38.88%
US
1.23% -66.43% 1120.91% 75.04%

FEMDX - Expenses

Operational Fees

FEMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.17% 290.47% 61.94%
Management Fee 0.99% 0.00% 2.50% 87.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.50% 70.68%

Sales Fees

FEMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FEMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% 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.

FEMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.29% 0.00% 963.00% 9.18%

FEMDX - Distributions

Dividend Yield Analysis

FEMDX Category Low Category High FEMDX % Rank
Dividend Yield 7.53% 0.00% 13.34% 1.66%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FEMDX Category Low Category High FEMDX % Rank
Net Income Ratio 8.58% -1.65% 8.90% 0.62%

Capital Gain Distribution Analysis

FEMDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

FEMDX - Managers

William Ledward

Manager

Start Date

Tenure

Tenure Rank

May 24, 2006

13.45

13.5%

William Ledward is Portfolio Manager and Research Analyst of Franklin Templeton Investment Management Limited (FTIML). He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1997.


Nicholas Hardingham

Manager

Start Date

Tenure

Tenure Rank

Jun 06, 2014

5.41

5.4%

Nicholas Hardingham, CFA, Portfolio Manager and Research Analyst of Franklin Templeton Investment Management Limited. Nicholas Hardingham is a portfolio manager and analyst within the EMD Opportunities strategy group. Previously Mr. Hardingham worked as quantitative research analyst within the global fixed income group. He joined Franklin Templeton Investments in 2002. Prior to that, he worked as a performance analyst at T Rowe Price International. Mr. Hardingham is a Chartered Financial Analyst (CFA) Charterholder and earned a B.Sc. in Pure Mathematics from Imperial College, London.


Stephanie Ouwendijk

Manager

Start Date

Tenure

Tenure Rank

Dec 01, 2015

3.92

3.9%

Ms. Ouwendijk joined Franklin Templeton Investments in 2015. Prior to joining Franklin Templeton Investments, she was a fund manager at Ashmore Group and an analyst/portfolio assistant at Gulf International Bank Asset Management.


Tenure Analysis

Category Low

0.0

Category High

28.85

Category Average

5.76

Category Mode

10.17