Templeton Global Bond’s Flexibility Sets it Apart
This strategy’s freewheeling style makes it a better fit in the nontraditional bond Morningstar Category.
On Sept. 30, 2019, we moved Templeton Global Bond (TGBAX), Templeton Global Total Return (TTRZX), and Templeton International Bond (FIBZX) to the nontraditional bond Morningstar Category. These benchmark-agnostic strategies employ bolder tactical calls on duration, currency, and emerging-markets exposures than most funds in the world bond category, which makes them a better fit for the nontraditional bond peer group.
The strategies had resided in the world bond category for more than a decade given their focus on non-U.S. sovereign bonds and small inclusion of non-U.S. corporates in the case of Templeton Global Total Return. Morningstar’s world bond category is home to predominantly investment-grade portfolios that invest 40% or more of their assets in bonds issued outside the United States, the most conservative of which focus on high-quality, developed-markets debt. Many of these are run in a nearly 100% unhedged fashion versus a global bond index such as the Bloomberg Barclays Global Aggregate Index, giving investors exposure to the underlying currencies.
Karin Anderson has a position in the following securities mentioned above: TGBAX. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.