Franklin Global Sukuk Fund - A Fund Fact Sheet - February 2017

Transcription

1. Franklin Templeton Shariah Funds Sukuk (Shariah-compliant) Franklin Global Sukuk Fund - A (Mdis) USD LU0889566997 28 February 2017 Fund Fact Sheet Fund Overview Performance Base Currency for Fund USD Total Net Assets (USD) 107 million Fund Inception Date 10.09.2012 Number of Holdings 56 Benchmark Performance Since Inception in Share Class Currency (%) Franklin Global Sukuk Fund A (Mdis) USD Dow Jones Sukuk Index 120 Dow Jones Sukuk Index Morningstar Category™ Islamic Global Bond Distribution Yield 3.85% 100 Summary of Investment Objective To maximise, consistent with prudent investment management, total investment return, consisting of a combination of profit income and capital appreciation. The Fund seeks to achieve this objective by investing principally in a portfolio of fixed- and floating-rate Shariah-compliant securities (including non-investment grade securities), including Sukuk, Murabaha and Wakala placements and other short-term instruments issued by government, government-related and corporate entities located in developed and developing countries. Fund Management 80 03/13 09/13 03/14 09/14 03/15 09/16 02/17 A (Mdis) USD Benchmark in USD Annualised 1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs Since Incept 3 Yrs Since Incept 0.86 0.96 1.75 2.02 -2.69 -0.27 -0.23 4.87 1.94 11.62 5.02 14.34 0.64 3.73 1.25 3.47 Discrete Annual Performance in Share Class Currency (%) Asset Allocation A (Mdis) USD Benchmark in USD % 90.84 9.16 03/16 Cumulative Stephen Dover, CFA: United States Mohieddine (Dino) Kronfol: U. Arab Emir. Fixed Income Cash & Cash Equivalents 09/15 Performance in Share Class Currency (%) Dec-15 Dec-16 Dec-14 Dec-15 Dec-13 Dec-14 Dec-12 Dec-13 Dec-11 Dec-12 -1.12 4.35 -0.14 1.24 3.69 6.37 N/A N/A N/A N/A Past performance is not an indicator or a guarantee of future performance. 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 UK 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. Performance may also be affected by currency fluctuations. Up to date performance figures can be found on our local website. Top Ten Holdings (% of Total) Fund Measures Security Name Perusahaan Penerbit SBSN Indonesia III, Reg S, 4.55%, 3/29/26 MAF Sukuk Ltd., 4.50%, Reg S, 11/03/25 Government of Malaysia, senior bond, 4.444%, 5/22/24 Malaysia Sukuk Global Bhd., Reg S, 4.08%, 4/27/46 GEMS MEA Sukuk Ltd., junior sub. note, Reg S, 12.00% to 11/21/18, FRN thereafter, Perpetual Perusahaan Penerbit SBSN Indonesia III, senior note, Reg S, 4.325%, 5/28/25 Saudi Electricity Global Sukuk Co. 3, senior bond, Reg S, 5.50%, 4/08/44 Sime Darby Global Bhd., senior note, Reg S, 3.29%, 1/29/23 JANY Sukuk Co. Ltd., Reg S, 2.844%, 9/23/19 Saudi Electricity Global Sukuk Co. 2, senior bond, Reg S, 5.06%, 4/08/43 4.79 3.57 3.41 3.25 2.91 Average Credit Quality Average Duration Average Weighted Maturity Yield to Maturity Standard Deviation (3 Yrs) A5.11 Years 6.83 Years 3.89% 3.25 2.83 2.74 2.54 2.52 2.42 Share Class Information (For a full list of available share classes, please visit your local website) Fees Share Class A (Mdis) USD UK Freefone 0800 305 306 Incept Date 25.03.2013 NAV USD 9.34 Tel +44 20 7073 8690 Ongoing Charges (%) 1.50 Max. Sales Charge (%) 5.75 Fax +44 20 7073 8701 Dividends Max. Annual Charge (%) 1.30 Last Paid Frequency Date Mth 15.02.2017 E-Mail enquiries@franklintempleton.co.uk Fund Identifiers Last Paid Amount 0.0300 SEDOL B8XXJL5 ISIN LU0889566997 Web www.franklintempleton.co.uk
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Franklin Global Sukuk Fund 28 February 2017 Composition of Fund Franklin Global Sukuk Fund Dow Jones Sukuk Index Geographic United Arab Emirates Malaysia Indonesia Saudi Arabia Qatar Supranational Kuwait Bahrain ST Cash and Cash Equivalents Other 30 .79 16.72 10.06 9.73 5.73 3.82 3.62 2.53 9.16 7.84 % of Total / 27.73 / 13.15 / 16.97 / 10.54 / 7.89 / 14.17 / 0.00 / 0.00 / 0.00 / 9.56 91.31 7.12 1.40 0.17 % of Total / 100.00 / 0.00 / 0.00 / 0.00 Currency US Dollar Malaysian Ringgit British Pound Singapore Dollar Sector Government-Related Sovereign Government-Related Agencies Corporate Financial Institutions Corporate Industrials Corporate High Yield Treasury Government-Related Supranational Government-Related Local Authority Corporate Bonds Cash & Cash Equivalents 26.34 23.18 14.84 10.62 7.27 6.65 1.48 0.48 0.00 9.16 % of Total / 37.21 / 25.28 / 0.00 / 0.00 / 0.00 / 0.00 / 14.17 / 0.00 / 23.35 / 0.00 Glossary Average Credit Quality: The credit rating of a bond is an assessment of the credit worthiness of individuals and corporations. It is based upon the history of borrowing and repayment, as well as the availability of assets and extent of liabilities. The average credit quality of a fund reflects the holdings of the underlying issues, based on the size of each holding. Usually we quote the average credit quality as per Standard & Poor's or Moody's credit rating agencies. Average Duration: Also known as 'effective' or 'Macaulay' duration it is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. It's an indication of an issue's coupon relative to its maturity. Rising interest rates mean falling bond prices; declining interest rates mean rising bond prices. The bigger the duration number, the greater the interest-rate risk; (or reward for bond prices). The weighted average duration of a fund reflects the effective duration of the underlying issues, based on the size of each holding. This value differs with 'Modified Duration' which is modified for the market (dirty) price of an issue. Average Weighted Maturity: An estimate of the number of terms to maturity, taking the possibility of early payments into account, for the underlying holdings. Average life is calculated using the weighted average time to the receipt of all future cash flows for all holdings. Sometimes also known as 'average maturity' for fixed-term products. The weighted average life of a fund reflects the maturity of the underlying issues, based on the size of each holding. Standard Deviation: A measure of the degree to which a fund's return varies from the average of its previous returns. The larger the standard deviation, the greater the likelihood (and risk) that a fund's performance will fluctuate from the average return. Yield to Maturity: Yield to Maturity ('YTM') also known as the 'Gross Redemption Yield' or 'Redemption Yield'. The rate of return anticipated on a bond if it is held until the maturity date. YTM is considered a long-term bond yield expressed as an annual rate. The calculation of YTM takes into account the current market price, par value, coupon interest rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate. Important Information © 2017 Franklin Templeton Investments. All rights reserved. This document is intended to be of general interest only and does not constitute legal or tax advice nor is it an offer for shares or invitation to apply for shares of the sub funds of Franklin Templeton Shariah Funds (FTSF), a Luxembourg-registered SICAV (“the Fund”). Nothing in this document should be construed as investment advice. Subscriptions to shares of the Fund can only be made on the basis of the current prospectus, the relevant Key Investor Information Document, accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter. Please consult your professional adviser and read the KIID and current prospectus before deciding to invest. US Persons (as more fully defined in the latest Fund prospectus) are not eligible to invest in the Fund. Shares of FTSF are not available for distribution in all jurisdictions and prospective investors should confirm availability with their local Franklin Templeton Investments representative before making any plans to invest. All or most of the protections provided by the UK Regulatory System will not apply to Franklin Templeton Shariah Funds Investors. An investment in the Fund entails risks which are described in the Fund's prospectus and the relevant Key Investor Information Document. References to particular industries, sectors or companies are for general information and are not necessarily indicative of a fund's holding at any one time. The value of shares in the Fund and any income received from them can go down as well as up, and investors may not get back the full amount invested. Past performance is not an indicator or a guarantee of future performance. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, performance may also be affected by currency fluctuations. The investment activities will be undertaken in accordance with the Shariah Guidelines. As a consequence, the performance of a Fund may possibly be lower than other investment funds that do not seek to strictly adhere to the Islamic investment criteria. The requirement to “purify” cash holdings or dividend income will likely result in payments being made to charities. The return to investors will be reduced by the amount of such payments. The International Shariah Supervisory Board of Amanie Advisors Sdn Bhd has certified that the Fund is in compliance with the requirements of the Shariah principles. There is no guarantee that the Fund will achieve its objective. Source for data and information provided by Franklin Templeton Investments, as of the date of this document, unless otherwise noted. Benchmark related data provided by FactSet, as of the date of this document, unless otherwise noted. References to indices are made for comparative purposes only and are provided to represent the investment environment existing during the time periods shown. An index is unmanaged and one cannot invest directly in an index. The performance of the index does not include the deduction of expenses and does not represent the performance of any Franklin Templeton fund. In emerging markets, the risks can be greater than in developed markets. Investments in derivative instruments entail specific risks that may increase the risk profile of the fund and are more fully described in the Fund's prospectus. The Fund invests in a specific sector or geographical area and the returns may be more volatile than a more diversified fund. Fund Overview: The Distribution Yield reflects the amounts that may be expected to be distributed over the next 12 months as a percentage of the mid-market unit price of the fund as at the date shown. It does not include any preliminary charge and investors may be subject to tax on distributions. Fund Management: CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. Top Ten 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. The portfolio manager for the Fund reserves the right to withhold release of information with respect to holdings that would otherwise be included in the top holdings list. Fund Measures: 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, is provided to indicate the average credit rating of the portfolio’s underlying bonds and generally ranges from AAA (highest) to D (lowest). The ACQ is determined by assigning a sequential integer to all credit ratings AAA to D, taking a simple, asset-weighted average of debt holdings 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 is provided for informational purposes only. Derivative positions and unrated securities are not reflected in the ACQ. Ongoing Charges: Ongoing Charges is a figure representing all operating charges and expenses as a percentage of the Fund's average net assets during the year. Where ex-post expense information is not a fair representation of future operating costs and where 12 months of information is not available, an estimate will be disclosed. Performance attribution is calculated in the base currency of the fund. For a free copy of the latest prospectus, the relevant Key Investor Information Document, the annual report and semi-annual report, if published thereafter or for more information about any Franklin Templeton Investments’ fund, UK investors should contact: Franklin Templeton Investments, Telephone: 0800 305 306, Email: enquiries@franklintempleton.co.uk or write to us at the address below. Issued by Franklin Templeton Investment Management Limited (FTIML) Registered office: Cannon Place, 78 Cannon Street, London, EC4N 6HL. FTIML is authorised and regulated by the Financial Conduct Authority. © 2017 Franklin Templeton Investments. All rights reserved. www.franklintempleton.co.uk