Investments

Templeton Global Bond Fund

New yield opportunities - across the globe

Templeton Global Bond Fund, a sub-fund of the SICAV/BEVEK investment fund under Luxembourg law Franklin Templeton Investment Funds, aims to maximise total investment return consisting of a combination of interest income, capital appreciation and currency gains by investing principally in a portfolio of fixed or floating rate debt securities and debt obligations issued by government or government- related issuers worldwide.



  • Sub-Fund launch date

    28 February 1991

  • Class Launch date

    9 September 2002

  • Reference currency

    The reference currency is the Euro.

  • For an investor looking for:

    • a maximization of his total investment return consisting of a combination of interest income, capital appreciation and currency gains.
    • an investment for the medium to long term.

    But…

    The main risks for the Sub-Fund are:


    • 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, non-investment-grade securities.
    • Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations.
    • Derivatives 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. Reduced liquidity may have a negative impact on the price of the assets.
    • Market risk: Stocks and/or financial instruments are impacted by various factors. These include, but are not limited to, the development of the financial market, the economic development of issuers of stocks and/or financial instruments who are themselves affected by the general world economic situation and the economic and political conditions in each country
    • Non-performance risk: the return realised during a specific period may be positive or negative, depending on the fund's investment strategy. The non-performance risk is strongly linked to the market risk
    • Capital risk: No guarantee is provided as to the recovery of your initial investment.

The net asset value is calculated in Belgium each bank working day. The net asset value is published every public banking business day in Belgium in the financial press, as well as on the BeAMA website (www.beama.be/en/nav). It is also available at the Management Company’s registered address and over the counter from your financial services provider.

A swing price may be applied. Swing pricing aims to reduce the dilution effect brought about when significant operations within a sub-fund compel its manager to buy or sell its underlying assets. These transactions give rise to transaction fees and taxes that have an effect on the fund’s value, as well as on all its investors. Where swing pricing is applied, the sub-fund’s net asset value is adjusted by a particular amount when the capital flow exceeds a certain threshold (the swing factor). This amount is designed to offset expected transaction fees resulting from the difference between incoming and outgoing capital. Swing pricing is only used on rare occasions, if at all.

Please refer to the Templeton Global Bond Fund prospectus (PDF) for additional information.

  • Minimum investment

    1 share


    Term

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    One-off charges

    • Entry charge (applicable by ING Belgium): 3%

    • Exit charge: 0%


    Ongoing charges

    • Ongoing charges taken from the Sub-Fund over a year : 1.39% of which 1.05% of management fees.

    • Custody fee: 0%/ annum

    For other charges that might be paid by the investor, we refer to the prospectus (PDF).


    Taxation

    Stock exchange tax (applicable to redemptions only):


    • Capitalization share: 1.32% (max 4,000 euros)

    • Distribution share: none


    Withholding tax on dividends:


    • Capitalization share: none

    • Distribution share: 30%


    Withholding tax in case of redemption:


    • Sub-fund permitted to invest more than 10% of assets in debt securities: yes

    • Sub-fund actually more than 10% invested in debt securities: yes

    • Withholding tax (30% depending on the investor’s particular tax situation): applicable


    *Tax treaty based on the current legislation
    Dividends received from distributing shares are subject to the Belgian withholding tax of 30%. The Belgian withholding tax applicable to interests included in the repurchase price of accumulating and distributing shares investing more than 10% of their assets in any kind of debts amounts to 30%.
    This tax system applies to Retail customers – private individuals resident in Belgium. Taxation depends on the individual situation of each customer and may change in the future.

Financial Service Belgium : J.P. Morgan Chase Bank, Boulevard du Roi Albert II 1, B-1210 Bruxelles

Complaints can be lodged with ING – Customer Service – Cours Saint Michel, 60 – 1040 Brussels. If no settlement can be reached in this way, please contact the Banks - Credit - Investments Mediation Service (www.ombudsfin.be).

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