FTIF Templeton Global Total Return Fund A(Mdis) SGD H-1 invests in both government and corporate debt securities and other financial derivatives on ancillary basis. (See post on 7 Dec 2012)
Based on 31 August 2013 factsheet, Fund characteristics:
Average duration = 2.3 years (2.7 years)
Weighted average yield to maturity = 5.54% (6.1%)
Weighted average maturity = 3.19 years (3.89 years)
(Figures in brackets are for 31 October 2012)
This is not a basket of long-dated debt securities, average maturity is 3.19 years. Average Yield to Maturity was 5.54%.
Based on my two tranches of this fund, the distribution yield over costs were:
First tranche: 3.3% for 10 months
Second tranche: 1.9% over 7 months.
Besides monthly distribution, one hopes for capital appreciation of the fund. NAVs for the fund for some dates were:
1 Dec 2012: $11.88
27 Feb 2013: $12.23
30 June 2013: $11.80
31 Aug 2013: $11.49
4 Oct 2013: $11.88
My first tranche broke even. But my second tranche was down 2.86%.
When fixed income took a beating with Federal Reserve Board intending to taper their bond purchase program, FTIF Templeton Global Total Return Fund went down in value.
Copyright © 2013, limkimtong for Living Investment
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