LU0170474935
Templeton Sustainable Global Bond (Euro) Fund
NAV 1
€5.60
NAV Change 1
€0.00
(0.00%) Morningstar Overall Rating™ 2
Overall Morningstar Rating
Rating Category: Global Flexible Bond - EUR Hedged
Morningstar Style Box
| High | Quality | |||
|---|---|---|---|---|
| Medium | ||||
| Low | ||||
| LTD | MOD | EXT | ||
| Duration | ||||
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 1216 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 972 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 488 |
This is a marketing communication. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.
Overview
- Summary of Fund Objective
- Investor Profile
- Why Consider this Fund
- What Are The Key Risks?
- Sustainability-related Disclosures
Summary of Fund Objective
To seek to maximise income and growth of capital (total return), including currency gains. The Fund mainly invests in government bonds issued anywhere in the world and denominated in, or hedged to, EUR. The Fund may invest significantly in Mainland China. Some of these investments may be below investment grade.
Investor Profile
- Seeking to maximise total investment return consisting of a combination of interest income, capital appreciation and currency gains.
- Planning to hold their investment for the medium to long term.
Why Consider this Fund
Strategy:
- Templeton Global Bond (Euro) Fund utilises a high-conviction, primarily higher-quality sovereign bond strategy that is not constrained by traditional global fixed income benchmarks. Under normal market conditions, the Fund aims to maintain a net exposure of at least 85% to the Euro.
- The Fund’s strategy is managed by the Templeton Global Macro (TGM) investment team, utilising a research-intensive, fundamentals-based approach to capitalise on temporary inefficiencies and capture long-term potential value across yield curves (interest rates), currencies, and credit spreads.
- The Fund’s strategy has the flexibility to dynamically adjust across fluctuating market environments and all phases of the investment cycle.
Investment attributes:
- Ability to Seek Attractive Yields: The Fund takes a truly global approach to seek attractive yields with higher quality through investments in sovereign debt.
- Differentiated Returns: High conviction active country selection and select global currency management from a team of experts offers the potential for differentiated sources of return.
- Correlation Benefits in a Wider Portfolio Context: The Templeton Global Macro investment team’s differentiated sovereign bond investment approach has resulted in returns that have had moderate to low correlation with other asset classes historically.
What Are The Key Risks?
The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.
- The Fund invests mainly in debt securities issued by government or government-related entities in any country and in derivatives. Such securities and derivatives have historically been subject to price movements, generally due to interest rates, foreign exchange rates or movements in the bond market. As a result, the performance of the Fund can fluctuate moderately over time.
- Other significant risks include:
Counterparty risk: the risk of failure of financial institutions or agents (when serving as a counterparty to financial contracts) to perform their obligations, whether due to insolvency, bankruptcy or other causes.
Credit risk: the risk of loss arising from default that may occur if an issuer fails to make principal or interest payments when due. This risk is higher if the Fund holds low-rated, sub-investment-grade securities.
Foreign Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations.
Derivative Instruments risk: the risk of loss in an instrument where a small change in the value of the underlying investment may have a larger impact on the value of such instrument. Derivatives may involve additional liquidity, credit and counterparty risks.
Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.
Emerging markets risk: the risk related to investing in countries that have less developed political, economic, legal and regulatory systems, and that may be impacted by political/economic instability, lack of liquidity or transparency, or safekeeping issues.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.
Sustainability-related Disclosures
The Fund promotes environmental and social characteristics in accordance with Article 8 of the Sustainable Finance Disclosure Regulation (the “SFDR”).
In its implementation of the Fund’s environmental, social and governance (“ESG”) considerations, the Investment Manager typically favors issuers with either higher proprietary ESG scores or those projected to have neutral to improving ESG scores over the medium term (the next two to three years), as captured by its proprietary ESG methodology. For supranational issuers, the Investment Manager utilizes ESG ratings provided by MSCI. In addition, the Fund refrains from investing in issuers deemed to be among the poorest performers under certain sustainability metrics.
The Fund’s environmental or social characteristics are assessed both quantitatively and qualitatively, by means of sustainability indicators as well as of the Investment Manager’s proprietary ESG ratings system and its research process further described in the Website disclosure’s dedicated sections. As part of its investment decision making process, the Fund’s ESG strategy also uses binding criteria for the selection of underlying assets and applies specific ESG exclusions.
Finally, the Fund has a minimum allocation of 50% of its portfolio to sustainable investments. The Fund ensures that its sustainable investments do not cause significant harm to any environmental or social sustainable investment objective.
Fund Information
Dividends & Yields
Sales Charges, Expenses & Fees 4
Identifiers
Portfolio Managers
Performance
- Discrete Annual Returns
- Cumulative Total Returns
- Average Annual Total Returns
- Calendar Year Returns
- Risk Measures
Discrete Annual Returns
Discrete Annual Returns
Past performance does not predict future returns.
Chart
Month End As of 30/09/2025 | Currency | Sep-24 / Sep-25 | Sep-23 / Sep-24 | Sep-22 / Sep-23 | Sep-21 / Sep-22 | Sep-20 / Sep-21 | Sep-19 / Sep-20 | Sep-18 / Sep-19 | Sep-17 / Sep-18 | Sep-16 / Sep-17 | Sep-15 / Sep-16 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (Ydis) EUR - Without Sales Charge (NAV) (%) | EUR | 1.03 | 8.38 | 2.50 | -12.11 | -1.73 | -5.61 | -5.17 | -4.79 | 1.85 | 1.08 | 29/08/2003 | ||
| JP Morgan Global Government Bond (Hedged into EUR) Index (%) | EUR | -0.55 | 7.29 | -2.27 | -13.40 | -3.21 | 2.84 | 8.68 | -1.70 | -3.33 | 5.71 | — |
Month End As of 30/09/2025 | Currency | Sep-24 / Sep-25 | Sep-23 / Sep-24 | Sep-22 / Sep-23 | Sep-21 / Sep-22 | Sep-20 / Sep-21 | Sep-19 / Sep-20 | Sep-18 / Sep-19 | Sep-17 / Sep-18 | Sep-16 / Sep-17 | Sep-15 / Sep-16 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) EUR - Without Sales Charge (NAV) (%) | EUR | 1.00 | 8.47 | 2.46 | -12.10 | -1.76 | -5.55 | -5.19 | -4.70 | 1.79 | 1.04 | 29/08/2003 |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Cumulative Total Returns
Cumulative Total Returns
Past performance does not predict future returns.
2003
2025
Chart
Month End As of 30/09/2025 | Currency | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 29/08/2003 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (Ydis) EUR - Without Sales Charge (NAV) (%) | EUR | 6.00 | 0.91 | 1.56 | 4.29 | 1.03 | 12.23 | -3.06 | -14.96 | -1.48 | 31.83 | |
| JP Morgan Global Government Bond (Hedged into EUR) Index (%) | EUR | 1.59 | 0.52 | 0.19 | 0.84 | -0.55 | 4.27 | -12.60 | -1.87 | 16.64 | 63.04 |
Month End As of 30/09/2025 | Currency | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception |
| Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) EUR - Without Sales Charge (NAV) (%) | EUR | 6.03 | 0.99 | 1.62 | 4.18 | 1.00 | 12.25 | -3.08 | -14.93 | -1.46 | 32.04 | 29/08/2003 |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Average Annual Total Returns
Average Annual Total Returns
Past performance does not predict future returns.
Chart
Month End As of 30/09/2025 | Currency | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 29/08/2003 | |
|---|---|---|---|---|---|---|---|---|
| A (Ydis) EUR - Without Sales Charge (NAV) (%) | EUR | 1.03 | 3.92 | -0.62 | -1.61 | -0.10 | 1.26 | |
| JP Morgan Global Government Bond (Hedged into EUR) Index (%) | EUR | -0.55 | 1.40 | -2.66 | -0.19 | 1.03 | 2.24 |
Month End As of 30/09/2025 | Currency | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception |
| Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) EUR - Without Sales Charge (NAV) (%) | EUR | 1.00 | 3.93 | -0.62 | -1.60 | -0.10 | 1.27 | 29/08/2003 |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Calendar Year Returns
Calendar Year Returns
Past performance does not predict future returns.
Chart
Month End As of 30/09/2025 | Currency | YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (Ydis) EUR - Without Sales Charge (NAV) (%) | EUR | 6.00 | -2.01 | 5.98 | -9.60 | -3.12 | -6.36 | -4.73 | -2.57 | -0.67 | 0.80 | 3.84 | 29/08/2003 | |
| JP Morgan Global Government Bond (Hedged into EUR) Index (%) | EUR | 1.59 | -0.16 | 3.63 | -14.07 | -3.09 | 4.88 | 4.63 | -0.27 | 0.40 | 2.25 | 1.05 | — |
Month End As of 30/09/2025 | Currency | YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) EUR - Without Sales Charge (NAV) (%) | EUR | 6.03 | -1.97 | 6.01 | -9.58 | -3.14 | -6.43 | -4.75 | -2.54 | -0.63 | 0.83 | 3.84 | 29/08/2003 |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Risk Measures
Risk Measures
| Statistics | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Beta | 0.93 | 0.69 | 0.25 |
| Historical Tracking Error | 2.85 | 3.53 | 5.54 |
| Information Ratio | 0.88 | 0.58 | -0.26 |
| Standard Deviation (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| A (Ydis) EUR - Without Sales Charge (NAV) | 5.13 | 4.71 | 4.74 |
| JP Morgan Global Government Bond (Hedged into EUR) Index | 4.62 | 4.86 | 4.21 |
| Sharpe Ratio (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| A (Ydis) EUR - Without Sales Charge (NAV) | 0.23 | -0.43 | -0.42 |
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Performance details provided are in share class currency, include the reinvested dividends gross of basic rate tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Portfolio
Assets
Positions
| Fund | Benchmark | |
|---|---|---|
| Number of Holdings | 56 | 1,101 |
Portfolio Statistics
| Fund | Benchmark | |
|---|---|---|
| Yield to Maturity | 3.63% | 3.33% |
| Effective Duration | 6.66 Yrs | 6.50 Yrs |
| Average Credit Quality | BBB+ | AA |
| Average Weighted Maturity | 9.19 Yrs | 8.33 Yrs |
Portfolio Allocations
- Assets
- Geography
- Currency
Assets
Asset Allocation
Chart
| Fund | ||
|---|---|---|
| Fixed Income | 96.32% | |
| Cash & Cash Equivalents | 3.68% |
Any negative cash position reflects a temporary position that is a result of a delay in securities settlement transactions.
Geography
Geographic Allocation
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| 33.78% | — | ||
| 21.20% | 15.61% | ||
| 17.67% | 30.40% | ||
| 11.38% | — | ||
| 6.02% | — | ||
| 5.42% | 1.44% | ||
| 0.90% | — | ||
| -0.06% | 52.56% | ||
| 3.68% | — |
Any negative cash position reflects a temporary position that is a result of a delay in securities settlement transactions.
Currency
Currency Exposure
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| 95.72% | 100.00% | ||
| 9.93% | — | ||
| 5.02% | 0.00% | ||
| 2.95% | — | ||
| -13.62% | 0.00% |
Portfolio Holdings
Holdings
These securities do not represent all of the securities purchased, sold or recommended for clients, and the reader should not assume that investment in the securities listed was or will be profitable.
Distributions & Tax
Distributions Per Share
| Share Class | Currency | Record Date | Ex-Distribution Date | Payable Date | NAV | Distribution Amount |
|---|---|---|---|---|---|---|
| A (Ydis) EUR | EUR | 30/06/2025 | 01/07/2025 | 08/07/2025 | €5.49 | €0.2560 |
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2005
- 2004
- 2003
- Since Inception
| Currency | Record Date | Ex-Distribution Date | Payable Date | NAV | Distribution Amount |
|---|---|---|---|---|---|
| EUR | 30/06/2025 | 01/07/2025 | 08/07/2025 | €5.49 | €0.2560 |
| EUR | 28/06/2024 | 01/07/2024 | 08/07/2024 | €5.47 | €0.2320 |
| EUR | 30/06/2023 | 03/07/2023 | 10/07/2023 | €5.67 | €0.2360 |
| EUR | 30/06/2022 | 01/07/2022 | 08/07/2022 | €5.81 | €0.3850 |
| EUR | 30/06/2021 | 01/07/2021 | 08/07/2021 | €6.90 | €0.3280 |
| EUR | 30/06/2020 | 01/07/2020 | 08/07/2020 | €7.38 | €0.3990 |
| EUR | 28/06/2019 | 01/07/2019 | 08/07/2019 | €8.58 | €0.4570 |
| EUR | 29/06/2018 | 02/07/2018 | 09/07/2018 | €9.23 | €0.4140 |
| EUR | 30/06/2017 | 03/07/2017 | 10/07/2017 | €9.87 | €0.3950 |
| EUR | 30/06/2016 | 01/07/2016 | 08/07/2016 | €10.10 | €0.2200 |
| EUR | 30/06/2015 | 01/07/2015 | 08/07/2015 | €9.99 | €0.3330 |
| EUR | 30/06/2014 | 01/07/2014 | 08/07/2014 | €10.48 | €0.2990 |
| EUR | 28/06/2013 | 01/07/2013 | 08/07/2013 | €10.31 | €0.2650 |
| EUR | 29/06/2012 | 02/07/2012 | 09/07/2012 | €10.20 | €0.2490 |
| EUR | 30/06/2011 | 01/07/2011 | 08/07/2011 | €9.90 | €0.2390 |
| EUR | 30/06/2010 | 01/07/2010 | 08/07/2010 | €9.90 | €0.4360 |
| EUR | 30/06/2009 | 01/07/2009 | 08/07/2009 | €9.19 | €0.5200 |
| EUR | 30/06/2008 | 01/07/2008 | 08/07/2008 | €8.87 | €0.5050 |
| EUR | 29/06/2007 | 02/07/2007 | 09/07/2007 | €9.86 | €0.4080 |
| EUR | 30/06/2006 | 03/07/2006 | 10/07/2006 | €9.74 | €0.3210 |
| EUR | 30/06/2005 | 01/07/2005 | 08/07/2005 | €10.33 | €0.1800 |
| EUR | 30/11/2004 | 01/12/2004 | 10/12/2004 | €10.10 | €0.3200 |
| EUR | 28/11/2003 | 01/12/2003 | 10/12/2003 | €9.88 | €0.0630 |
Pricing
Pricing History Chart
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
November 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
November 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Chart
Past performance does not predict future returns. The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Historical pricing details provided are in share class currency, calculated NAV, taking into account of reinvestments and capital gain or loss. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations.
Highest / Lowest NAV
| Year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Highest NAV | €5.73 As on 30/06/2025 | €5.88 As on 11/03/2024 | €5.91 As on 30/06/2023 | €6.76 As on 03/01/2022 | €7.36 As on 18/02/2021 | €8.23 As on 17/01/2020 | €9.20 As on 04/02/2019 | €9.95 As on 25/04/2018 | €10.44 As on 04/04/2017 | €10.39 As on 05/01/2016 |
| Lowest NAV | €5.45 As on 13/01/2025 | €5.47 As on 01/07/2024 | €5.47 As on 06/10/2023 | €5.51 As on 21/10/2022 | €6.72 As on 24/11/2021 | €7.24 As on 21/10/2020 | €8.05 As on 30/08/2019 | €8.98 As on 13/09/2018 | €9.76 As on 28/12/2017 | €10.05 As on 11/02/2016 |
Historical Data - Daily Fund Prices
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
November 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
November 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Historical Pricing Results From 06/10/2025 To 05/11/2025
| Date | NAV | NAV Change | NAV Change (%) |
|---|---|---|---|
| 05/11/2025 | €5.60 | €0.00 | 0.00% |
| 04/11/2025 | €5.60 | €-0.01 | -0.18% |
| 03/11/2025 | €5.61 | €0.00 | 0.00% |
| 31/10/2025 | €5.61 | €0.01 | 0.18% |
| 30/10/2025 | €5.60 | €-0.02 | -0.36% |
| 29/10/2025 | €5.62 | €0.01 | 0.18% |
| 28/10/2025 | €5.61 | €0.00 | 0.00% |
| 27/10/2025 | €5.61 | €0.00 | 0.00% |
| 24/10/2025 | €5.61 | €0.00 | 0.00% |
| 23/10/2025 | €5.61 | €0.00 | 0.00% |
| 22/10/2025 | €5.61 | €0.00 | 0.00% |
| 21/10/2025 | €5.61 | €0.00 | 0.00% |
| 20/10/2025 | €5.61 | €0.01 | 0.18% |
| 17/10/2025 | €5.60 | €0.00 | 0.00% |
| 16/10/2025 | €5.60 | €0.01 | 0.18% |
| 15/10/2025 | €5.59 | €0.02 | 0.36% |
| 14/10/2025 | €5.57 | €0.01 | 0.18% |
| 13/10/2025 | €5.56 | €0.00 | 0.00% |
| 10/10/2025 | €5.56 | €0.00 | 0.00% |
| 09/10/2025 | €5.56 | €-0.01 | -0.18% |
| 08/10/2025 | €5.57 | €0.02 | 0.36% |
| 07/10/2025 | €5.55 | €-0.01 | -0.18% |
| 06/10/2025 | €5.56 | €-0.01 | -0.18% |
Documents
- Product Literature
- Regulatory Documents
Product Literature
Fact Sheet - Templeton Sustainable Global Bond (Euro) Fund (A (Ydis) EUR)
Regulatory Documents
Key Information Document - Templeton Sustainable Global Bond (Euro) Fund A (Ydis) EUR
Prospectus - Franklin Templeton Investment Funds (FTIF)
투자설명서 - Franklin Templeton Investment Funds (FTIF)
Annual Report (Abridged) - Franklin Templeton Investment Funds (FTIF)
Annual Report (full) - Franklin Templeton Investment Funds (FTIF)
Semi Annual Report (full) - Franklin Templeton Investment Funds (FTIF)
Semi-Annual Report (abridged) - Franklin Templeton Investment Funds (FTIF)
Articles of Incorporation - Franklin Templeton Investment Funds (FTIF)
Important Information
This fund meets the requirements under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR); the fund has binding commitments in its investment policy to promote environmental and/or social characteristics and any companies in which it invests should follow good governance practices.
Further information in relation to the sustainability-related aspects of the Fund can be found at franklintempleton.lu/SFDR. Please review all of the fund's objectives and characteristics before investing.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Footnotes
The above listed Funds prices are unconfirmed unless stated otherwise and for information only, as they have not yet been verified by the Administrative Agent of the relevant Funds. Neither the Fund itself nor Franklin Templeton accepts responsibility for any reliance placed on the prices indicated and the information included in this data file. Purchase, exchange and redemptions of Shares can only be made on the basis of confirmed prices. Confirmed prices may be obtained after 12pm noon from Franklin Templeton.
Morningstar ratings are applied at share class level, which means that each share class requires 36 monthly returns before it will be awarded a rating.
Copyright - © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
The Distribution Yield is based on the most recent month’s distribution and shown as an annualized percentage as of the date shown. It does not include any preliminary charge and investors may be subject to tax on distributions. Information is historical and may not reflect current or future distributions.
The charges are the fees the fund charges to investors to cover the costs of running the Fund. Additional costs, including transaction fees, will also be incurred. These costs are paid out by the Fund, which will impact on the overall return of the Fund.
Fund charges will be incurred in multiple currencies, meaning that payments may increase or decrease as a result of currency exchange fluctuations.
All charges will be paid out by the Fund, which will impact on the overall return of the Fund.The average credit quality (ACQ) rating may change over time. The portfolio itself has not been rated by an independent rating agency. The letter rating, which may be based on bond ratings from different agencies (or internal ratings for unrated bonds, cash and equivalents), is provided to indicate the average credit rating of the portfolio's underlying investments and generally ranges from AAA (highest) to D (lowest). For unrated bonds, cash and equivalents, ratings may be assigned based on the ratings of the issuer, the ratings of the underlying holdings of a pooled investment vehicle, or other relevant factors. The ACQ is determined by assigning a sequential integer to all credit ratings AAA to D, taking a simple, asset-weighted average of investments by market value and rounding to the nearest rating. The risk of default increases as a bond's rating decreases, so the ACQ provided is not a statistical measurement of the portfolio’s default risk because a simple, weighted average does not measure the increasing level of risk from lower-rated bonds. The ACQ may be lower if cash and equivalents are excluded from the calculation. The ACQ is provided for informational purposes only. Derivative positions are not reflected in the ACQ.