Franklin Templeton is among the top fund family in the US. One of the best taxable bond funds is Templeton Global Bond A fund. This fund has performed consistently for the past 24 years. The following is the fund's review.
Templeton Global Bond A (Ticker: TPINX)
The Templeton Global Bond fund seeks current income with capital appreciation and growth of income. The fund normally invests at least 80% of net assets in bonds including debt securities of any maturity, such as bonds, notes, bills and debentures. It may invest <25% of total assets in bonds that are issues rated in the top of four rating categories by independent rating agencies such as S&P or Moody’s Investors Service or, if unrated, determined by the fund’s investment manager to be comparable. This Templeton Global Bond fund is non-diversified.TPINX Fund Details
- Fund Inception Date: September 1986
- Ticker Symbol: TPINX
- CUSIP: 880208103
- Beta (3yr): 0.79
- Rank in category (YTD): 32
- Category: World Bond
- Yield: 2.16%
- Expense Ratio: 0.90%
- Sales Load: 4.25%
- Capital Gains: N/A
- Number of Years Up: 21 years
- Number of Years Down: 3 years
- Average Duration: 0.28 years
- Average Maturity: 3.80 years
This fund is managed by Michael Hasenstab since January 2001. Another fund manager is Sonal Desai since 2011. The minimum initial investment for brokerage account is $1,000 and $250 for IRA account. There is no minimum subsequent investment for both accounts. If you are interested to invest in this fund, there is a 0.25% 12b1 fee and 4.25% sales-load fee as well. The last dividend distributed in May 2011 is 0.05%. The expense ratio of this top world bond fund is 0.91% per year. This expense ratio is lower than the average in the category which is 1.13%.
The fund has returned 10.74% over the past three years and 12.04% over the past decade. The best 1-year total return was in 2003 with 21.29%, while the best 3-year total return was 18.61%. The worst 1-year total return was in 1999 with -4.83%, while the worst 3-year total return was -0.63%. This TPINX has gotten 5-stars rating from Morningstar for its 21 years in positive return and 3 years in negative return.- Year 2017: 3.99% (YTD)
- Year 2016: 6.22%
- Year 2015: -4.26%
- Year 2014: 1.58%
- Year 2013: 2.22%
As of April 2011, this TPINX fund has 190 holdings. The asset mix is as follow: 90.0% in bonds, 9.0% in cash and 1.0% in other. The currency distribution is 50.60% in Americas, 38.50% in Asia, 10.80% in Europe/ Africa and 0.10% in others.
Disclosure: No Position
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