Fund Facts  

Inception Date: Sep 18, 1986
CUSIP: 880208103
Ticker Symbol: TPINX
Morningstar Category:World Bond
As of Aug 31, 2017
Fund Net Assets ($millions) $39,297

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks current income with capital appreciation and growth of income.

Principal Investment Strategies  

Under normal market conditions, the fund invests at least 80% of its net assets in "bonds." Bonds include debt obligations of any maturity, such as bonds, notes, bills and debentures. It invests predominantly in bonds issued by governments, government-related entities and government agencies located around the world. The fund may invest up to 25% of its total assets in bonds that are rated below investment grade or, if unrated determined by the investment manager to be of comparable quality. It is non-diversified.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Templeton Global Bond Aa1.12%4.39%12.83%1.44%2.72%6.04%7.47%
Citigroup World Govt Bond Indexa,b1.81%6.38%-2.69%0.88%-0.43%2.95%N/A
Morningstar World Bonda,c1.63%6.09%1.96%1.48%1.15%3.68%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa,d
Gross Expenses0.99%
Net Expenses0.93%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The CitiGroup World Govt Bond Index is a market capitalization weighted index consisting of the government bond markets of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Netherlands, Spain, Sweden, Switzerland, United Kingdom, and United States. The index includes all fixed-rate bonds with a remaining maturity of one year or longer and with amounts outstanding of at least the equivalent of U.S. $25 million.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net expense ratio and gross expense ratio of a fund are typically due to fee waivers, expense reimbursements, expense limits, and/or the reimbursement of fees to the fund.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 15, 2017Sep 15, 2017$0.026700000
Aug 15, 2017Aug 15, 2017$0.027300000
Jul 17, 2017Jul 17, 2017$0.032800000
Jun 15, 2017Jun 15, 2017$0.028100000
May 15, 2017May 15, 2017$0.032400000
Apr 17, 2017Apr 17, 2017$0.031600000
Mar 15, 2017Mar 15, 2017$0.026700000
Feb 15, 2017Feb 15, 2017$0.023400000
Jan 17, 2017Jan 17, 2017$0.025800000
Dec 15, 2016Dec 15, 2016$0.020000000
Nov 15, 2016Nov 15, 2016$0.020000000
Oct 17, 2016Oct 17, 2016$0.020000000
Sep 15, 2016Sep 15, 2016$0.020000000
Aug 15, 2016Aug 15, 2016$0.020000000
Jul 15, 2016Jul 15, 2016$0.020000000
Jun 15, 2016Jun 15, 2016$0.020000000
May 16, 2016May 16, 2016$0.020000000
Apr 15, 2016Apr 15, 2016$0.030000000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 4 Stars285
3-Year 3 Stars285
5-Year 4 Stars251
10-Year 5 Stars128

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2017
Fixed Income Stylebox
Low Limited
Allocation of Assets As of Jun 30, 2017
Type of Asset Percent
Equity0%
Fixed Income68%
Cash/Other32%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Jun 30, 2017
Asset ClassPercent
Domestic Stock-0.5%
Foreign Stock0.0%
Domestic Bond0.0%
Foreign Bond68.1%
Preferred0.0%
Convertible0.0%
Cash31.2%
Other1.1%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Jun 30, 2017
SectorPercent
Government66.9%
Cash & Equivalents31.2%
Corporate1.1%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Mar 31, 2017
Quality LevelPercent
AAA0.5%
AA11.9%
A21.6%
BBB33.5%
BB21.7%
B10.8%
Below B0.0%
Not Rated0.0%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Jun 30, 2017
Holding NamePercent
United Mexican States 8.5%7.3%
Vereinigte Mexikanische 7.75%6.8%
Secretaria Tesouro Nacl 10%3.5%
Brazil Federative Rep 10%3.2%
Brazil Federative Rep2.7%
Indonesia(Rep Of) 8.375%2.3%
India (Rep Of) 8.83%2.3%
Indonesia(Rep Of) 8.375%2.1%
Korea(Republic Of) 2%2.0%
Argentina (Rep Of) 15.5%1.9%
 

Statistics

Duration and Maturity As of Mar 31, 2017
StatisticValue
Average Effective Duration0.19 years
Average Effective Maturity3.80 years
Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta-0.31-0.08
Alpha1.502.59
Standard Deviation6.535.94
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.