Franklin Templeton Emerg Mkt Debt Opp (Ticker: FEMDX)
The investment objective of Franklin Templeton Emerging Market Debt Opportunities fund is to provide high total return. This mutual fund invests >80% of net assets in debt securities of emerging market countries and developing countries recognized by the World Bank, the International Finance Corporation, and the United Nations. It may invest in below investment grade bonds and defaulted debt securities.
Fund Profile
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| FT Emerg Mkt Debt Opp |
- Fund Inception Date: May 24, 2006
- Ticker Symbol: FEMDX
- CUSIP: 353533813
- Beta (3yr): 0.41
- Rank in category (YTD): 61%
- Category: Emerging Markets Bond
- Distribution Rate: 5.75%
- Capital Gains: 0%
- Expense Ratio: 1.00%
- Net Assets: $ 445.27 million
- Number of Years Up: 4 years
- Number of Years Down: 1 year
- Average Duration: 2.86 years
- Annual Turnover Rate: 29%
This Emerging Markets Bond fund has total net assets of $445.27 million. Its 12-month dividend yield is 5.75%. The most recent dividend was distributed on December 15, 2011 ($0.70). Since its inception in May 2006, this bond fund has been managed by William Ledward. The benchmarks of this fund are JP Morgan EMBI Global Diversified Index, JP Morgan GBI-EM Broad Diversified Index and BofA Merrill Lynch Emerging Markets Credit Plus Index.
It has its best 1-year return in 2009 with 57.69% within the 4 years of positive return. The only year it recorded in negative return was in 2008 with -27.63%. Morningstar rated this top fund with 4-stars rating. The YTD return is 6.63%. The fund has returned 4.90% over the past 1-year, 23.06% over the past 3-year and 8.65% over the past 5-year. It also has an average duration of 2.86 years and an average life of 5.33 years.
The minimum initial investment for investing in this fund is $50,000. The brokerages which you can buy this fund from are JP Morgan, LPL SAM Eligible, MSSB Retail Fund, Schwab Institutional, Fidelity Retail Funds Network, Scottrade TF, etc.
The top 10 holdings of this Franklin Templeton fund as of December 2011 are Republic of Iraq (5.1%), Nota Do Tesouro Nacional (3.7%), Nigeria Central Bank (3.0%), Bosnia & Herzegovina (2.6%), Deutsche Bank AG (2.3%), Dev Ind Jordan Arm Force (2.2%), Republic of Venezuela (2.1%), Republic of Ecuador (2.1%), Georgian Railway Ltd (2.0%) and Republic of Uruguay (2.0). The top regional allocation is Latin America, Eastern Europe, Middle East/ Africa and Far East/ Asia.
Principal risks of investing in the emerging markets bond fund are foreign securities risk, emerging market countries risk, credit risk, high-yield bond risk, interest rate risk, liquidity risk, etc.
Goods:
- Low portfolio turnover rate
- High yield for extra income
- No sales load
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