Templeton Global Balanced Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.6%
1 yr return
5.2%
3 Yr Avg Return
-3.8%
5 Yr Avg Return
-0.8%
Net Assets
$340 M
Holdings in Top 10
24.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.31%
SALES FEES
Front Load 3.75%
Deferred Load N/A
TRADING FEES
Turnover 52.63%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TINCX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return -3.8%
- 5 Yr Annualized Total Return -0.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.89%
- Dividend Yield 3.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameTempleton Global Balanced Fund
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateSep 02, 2005
-
Shares Outstanding55705564
-
Share ClassA1
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Hasenstab
Fund Description
Under normal market conditions, the Fund invests in a diversified portfolio of debt and equity securities worldwide. The Fund normally invests at least 25% of its assets in fixed income securities and at least 25% of its assets in equity securities. The Fund seeks income by investing in a combination of corporate, agency and government bonds and other debt securities (including inflation-indexed securities) of any maturity issued in numerous countries, including developing markets countries, as well as stocks that offer or could offer attractive dividend yields. The Fund may invest in high-yield bonds. These bonds are rated below investment grade and are sometimes referred to as “junk bonds.” The Fund seeks capital appreciation by investing in equity securities of companies from a variety of industries located anywhere in the world, including developing markets, but from time to time, based on economic conditions, the Fund may have significant investments in particular sectors. The equity securities in which the Fund invests are primarily common stock. The Fund’s investment manager searches for undervalued or out-of-favor debt and equity securities and equity securities that offer or may offer current income.
In addition, under normal market conditions, at least 40% of the Fund's net assets are invested in non-U.S. investments and in at least three different countries.
The Fund regularly uses various currency related transactions involving derivative instruments, principally currency and cross currency forwards, but may also use currency and currency index futures contracts and currency options. The Fund maintains significant positions in currency related derivative instruments as a hedging technique or to implement a currency investment strategy, which could expose a large amount of the Fund's assets to obligations under these instruments. The use of these derivative transactions may allow the Fund to obtain net long or net negative (short) exposure to selected currencies. The results of such transactions may represent, from time to time, a large component of the Fund’s investment returns. The Fund also regularly enters into various other transactions involving derivatives, including interest rate and bond futures contracts (including those on government securities) and swap agreements (which may include interest rate and credit default swaps). The use of these derivative transactions may allow the Fund to obtain net long or net short exposures to selected currencies, interest rates, countries, durations or credit risks, and may be used for hedging or investment purposes.
When choosing fixed income investments for the Fund, the investment manager performs an independent analysis of the securities being considered for the Fund’s portfolio, rather than relying principally on their ratings assigned by rating agencies. In its analysis of corporate debt securities, the investment manager considers a variety of factors, including the experience and managerial strength of the company; responsiveness to changes in interest rates and business conditions; debt maturity schedules and borrowing requirements; the company’s changing financial condition and market recognition of the change; and a security’s relative value based on such factors as anticipated cash flow, interest or dividend coverage, asset coverage, and earnings prospects. With respect to sovereign debt securities, the investment manager considers market, political and economic conditions and evaluates interest and currency exchange rate changes and credit risks.
When choosing equity investments for the Fund, the investment manager applies a fundamental research, value-oriented, long-term approach, focusing on the market price of a company’s securities relative to the investment manager’s evaluation of the company’s long-term earnings, asset value and cash flow potential. The investment manager also considers a company’s profit and loss outlook, balance sheet strength, cash flow trends and asset value in relation to the current price of the company's securities.
The investment manager uses various valuation tools to allocate assets between global equity and global fixed income investments. The investment manager also analyzes global economic trends to identify global macro trends (for example, regions with strong economic growth), and evaluates market inefficiencies to identify investment opportunities stemming from market mispricings.
The investment manager may consider selling a security when it believes the security has become fully valued due to either its price appreciation or changes in the issuer's fundamentals, or when the investment manager believes another security is a more attractive investment opportunity.
The Fund may also use a variety of equity-related derivatives, which may include equity futures and equity index futures, for various purposes including enhancing Fund returns, increasing liquidity and gaining exposure to particular markets in more efficient or less expensive ways.
TINCX - Performance
Return Ranking - Trailing
Period | TINCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -23.7% | 16.4% | 48.50% |
1 Yr | 5.2% | -8.9% | 48.3% | 98.07% |
3 Yr | -3.8%* | -2.2% | 16.4% | 98.22% |
5 Yr | -0.8%* | -0.7% | 13.4% | 99.07% |
10 Yr | 0.5%* | 0.9% | 11.8% | 89.42% |
* Annualized
Return Ranking - Calendar
Period | TINCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.7% | -40.8% | 20.6% | 85.14% |
2022 | -16.8% | -21.0% | 24.5% | 74.72% |
2021 | -3.5% | -24.2% | 27.8% | 96.03% |
2020 | -0.7% | -23.1% | 11.7% | 69.90% |
2019 | 2.9% | -100.0% | 20.6% | 55.31% |
Total Return Ranking - Trailing
Period | TINCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -23.7% | 16.4% | 47.42% |
1 Yr | 5.2% | -12.8% | 48.3% | 99.58% |
3 Yr | -3.8%* | -3.4% | 16.4% | 98.91% |
5 Yr | -0.8%* | -1.1% | 13.4% | 99.77% |
10 Yr | 0.5%* | 0.9% | 11.8% | 91.44% |
* Annualized
Total Return Ranking - Calendar
Period | TINCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.8% | -40.8% | 20.6% | 85.14% |
2022 | -14.2% | -21.0% | 24.5% | 74.72% |
2021 | -1.5% | -24.2% | 27.8% | 96.03% |
2020 | 1.5% | -23.1% | 11.7% | 79.40% |
2019 | 7.3% | -2.9% | 23.1% | 80.11% |
NAV & Total Return History
TINCX - Holdings
Concentration Analysis
TINCX | Category Low | Category High | TINCX % Rank | |
---|---|---|---|---|
Net Assets | 340 M | 1.12 M | 110 B | 46.22% |
Number of Holdings | 177 | 2 | 10961 | 61.80% |
Net Assets in Top 10 | 87.8 M | -31.7 M | 22 B | 45.30% |
Weighting of Top 10 | 24.42% | 10.8% | 100.0% | 44.79% |
Top 10 Holdings
- Queensland Treasury Corp. 3.73%
- Indonesia Government Bond, Series FR96 3.15%
- Korea Treasury Bonds 3.09%
- Fidelity National Information Services, Inc. 2.62%
- India Government Bond 2.22%
- Malaysia Government Bond 2.10%
- Brazil Notas do Tesouro Nacional 2.05%
- India Government Bond 1.93%
- Target Corp. 1.78%
- Samsung Electronics Co. Ltd. 1.76%
Asset Allocation
Weighting | Return Low | Return High | TINCX % Rank | |
---|---|---|---|---|
Stocks | 49.54% | -45.72% | 98.42% | 87.47% |
Bonds | 44.78% | -39.76% | 93.84% | 40.29% |
Cash | 4.99% | -97.12% | 185.58% | 3.97% |
Other | 0.69% | -1.25% | 197.12% | 69.73% |
Preferred Stocks | 0.00% | -0.03% | 14.00% | 93.74% |
Convertible Bonds | 0.00% | 0.00% | 25.49% | 95.20% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TINCX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 15.84% | 0.00% | 20.84% | 4.03% |
Financial Services | 15.37% | 0.00% | 30.34% | 38.00% |
Technology | 14.72% | 0.00% | 39.48% | 52.65% |
Communication Services | 14.67% | 0.00% | 28.59% | 2.97% |
Industrials | 12.67% | 0.09% | 32.39% | 22.72% |
Healthcare | 10.75% | 0.00% | 30.30% | 61.78% |
Consumer Defense | 6.46% | 0.00% | 31.85% | 52.23% |
Basic Materials | 5.21% | 0.00% | 60.23% | 53.72% |
Energy | 4.31% | 0.00% | 38.61% | 63.69% |
Utilities | 0.00% | 0.00% | 40.29% | 99.58% |
Real Estate | 0.00% | 0.00% | 90.14% | 99.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TINCX % Rank | |
---|---|---|---|---|
Non US | 27.47% | -46.69% | 57.06% | 79.75% |
US | 22.07% | -4.82% | 95.75% | 81.63% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TINCX % Rank | |
---|---|---|---|---|
Government | 66.26% | 0.00% | 98.64% | 20.67% |
Cash & Equivalents | 1.25% | 0.10% | 100.00% | 17.54% |
Derivative | 0.69% | 0.00% | 41.88% | 91.23% |
Securitized | 0.00% | 0.00% | 83.28% | 92.90% |
Corporate | 0.00% | 0.00% | 99.90% | 98.33% |
Municipal | 0.00% | 0.00% | 31.28% | 88.94% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TINCX % Rank | |
---|---|---|---|---|
Non US | 36.54% | -39.00% | 137.36% | 5.22% |
US | 8.25% | -177.12% | 87.76% | 98.33% |
TINCX - Expenses
Operational Fees
TINCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.31% | 0.16% | 2.71% | 36.74% |
Management Fee | 0.73% | 0.00% | 1.70% | 82.01% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.40% |
Administrative Fee | 0.15% | 0.01% | 0.70% | 80.00% |
Sales Fees
TINCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 3.75% | 0.00% | 5.75% | 74.71% |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
TINCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
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.
TINCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 52.63% | 0.00% | 441.00% | 42.82% |
TINCX - Distributions
Dividend Yield Analysis
TINCX | Category Low | Category High | TINCX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.52% | 0.00% | 10.92% | 88.36% |
Dividend Distribution Analysis
TINCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
TINCX | Category Low | Category High | TINCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.89% | -5.20% | 6.33% | 36.38% |
Capital Gain Distribution Analysis
TINCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 20, 2024 | $0.021 | OrdinaryDividend |
Sep 20, 2022 | $0.015 | OrdinaryDividend |
Jun 21, 2022 | $0.026 | OrdinaryDividend |
Mar 21, 2022 | $0.015 | OrdinaryDividend |
Dec 15, 2020 | $0.010 | OrdinaryDividend |
Sep 15, 2020 | $0.012 | OrdinaryDividend |
Jun 15, 2020 | $0.010 | OrdinaryDividend |
Mar 16, 2020 | $0.021 | OrdinaryDividend |
Dec 18, 2019 | $0.026 | OrdinaryDividend |
Sep 18, 2019 | $0.022 | OrdinaryDividend |
Jun 19, 2019 | $0.046 | OrdinaryDividend |
Mar 19, 2019 | $0.025 | OrdinaryDividend |
Dec 19, 2018 | $0.024 | OrdinaryDividend |
Sep 19, 2018 | $0.028 | OrdinaryDividend |
Jun 19, 2018 | $0.041 | OrdinaryDividend |
Mar 19, 2018 | $0.025 | OrdinaryDividend |
Dec 19, 2017 | $0.025 | OrdinaryDividend |
Sep 19, 2017 | $0.024 | OrdinaryDividend |
Jun 19, 2017 | $0.021 | OrdinaryDividend |
Mar 17, 2017 | $0.012 | OrdinaryDividend |
Dec 19, 2016 | $0.012 | OrdinaryDividend |
Sep 19, 2016 | $0.001 | OrdinaryDividend |
Jun 17, 2016 | $0.013 | OrdinaryDividend |
Sep 17, 2015 | $0.029 | OrdinaryDividend |
Jun 17, 2015 | $0.030 | OrdinaryDividend |
Mar 17, 2015 | $0.021 | OrdinaryDividend |
Dec 17, 2014 | $0.110 | OrdinaryDividend |
Sep 17, 2014 | $0.022 | OrdinaryDividend |
Jun 17, 2014 | $0.023 | OrdinaryDividend |
Mar 18, 2014 | $0.012 | OrdinaryDividend |
Dec 17, 2013 | $0.030 | OrdinaryDividend |
Sep 17, 2013 | $0.008 | OrdinaryDividend |
Jun 14, 2013 | $0.025 | OrdinaryDividend |
Mar 19, 2013 | $0.033 | OrdinaryDividend |
Dec 18, 2012 | $0.038 | OrdinaryDividend |
Sep 18, 2012 | $0.031 | OrdinaryDividend |
Jun 19, 2012 | $0.059 | OrdinaryDividend |
Mar 19, 2012 | $0.009 | OrdinaryDividend |
Dec 19, 2011 | $0.057 | OrdinaryDividend |
Sep 19, 2011 | $0.023 | OrdinaryDividend |
Jun 17, 2011 | $0.023 | OrdinaryDividend |
Mar 17, 2011 | $0.020 | OrdinaryDividend |
Dec 17, 2010 | $0.031 | OrdinaryDividend |
Sep 17, 2010 | $0.022 | OrdinaryDividend |
Jun 17, 2010 | $0.023 | OrdinaryDividend |
Mar 17, 2010 | $0.014 | OrdinaryDividend |
Dec 17, 2009 | $0.011 | OrdinaryDividend |
Sep 17, 2009 | $0.020 | OrdinaryDividend |
Jun 17, 2009 | $0.018 | OrdinaryDividend |
Mar 04, 2009 | $0.019 | OrdinaryDividend |
Dec 03, 2008 | $0.146 | OrdinaryDividend |
Sep 04, 2008 | $0.031 | OrdinaryDividend |
Jun 04, 2008 | $0.043 | OrdinaryDividend |
Mar 05, 2008 | $0.018 | OrdinaryDividend |
Dec 05, 2007 | $0.061 | OrdinaryDividend |
Sep 06, 2007 | $0.032 | OrdinaryDividend |
Jun 05, 2007 | $0.045 | OrdinaryDividend |
Mar 05, 2007 | $0.012 | OrdinaryDividend |
Dec 05, 2006 | $0.025 | OrdinaryDividend |
Sep 06, 2006 | $0.032 | OrdinaryDividend |
Jun 05, 2006 | $0.033 | OrdinaryDividend |
Mar 03, 2006 | $0.022 | OrdinaryDividend |
Dec 05, 2005 | $0.023 | OrdinaryDividend |
Sep 06, 2005 | $0.008 | OrdinaryDividend |
TINCX - Fund Manager Analysis
Managers
Michael Hasenstab
Start Date
Tenure
Tenure Rank
Jul 01, 2005
16.93
16.9%
Michael Hasenstab, Ph.D., has been a lead portfolio manager of Franklin Templeton which he first joined in 1995, rejoining again in 2001 after a three-year leave to obtain his Ph.D.. He was EVP and CIO for Templeton Global Macro, responsible for global macroeconomic and country-specific analysis, and interest rate, currency and sovereign credit market outlooks. He is an economic advisor to the CEO of Franklin Resources, Inc., providing perspective and insight through the lens of Templeton Global Macro.Dr. Hasenstab holds a Ph.D. in economics at Australian National University.
Warren Pustam
Start Date
Tenure
Tenure Rank
Jul 24, 2019
2.85
2.9%
Mr. Pustam joined Franklin Templeton in 2013.
Herbert J Arnett Jr.
Start Date
Tenure
Tenure Rank
Jan 01, 2020
2.41
2.4%
Herbert Arnett, SVP is Portfolio Manager and Research Analyst for the Templeton Global Equity Group. Mr. Arnett is a manager for Templeton Growth Fund Inc. and Templeton World Fund. He has global research responsibilities for large-cap and small-cap Media, Internet Software and Services, as well US Telecoms. Mr. Arnett holds a B.A. in finance and an M.B.A. from the University of Miami.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.03 | 30.27 | 6.52 | 9.25 |