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
|Fund/Benchmark Name||Qtr||YTD||1-Yr||3-Yr||5-Yr||10-Yr||Since Inception|
|Templeton Global Bond Aa||4.57%||4.57%||11.04%||2.39%||3.62%||6.82%||7.60%|
|Citigroup World Govt Bond Indexa,b||1.55%||1.55%||-3.65%||-1.20%||-0.58%||3.03%||N/A|
|Morningstar World Bonda,c||2.30%||2.30%||1.84%||0.35%||1.37%||3.73%||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.
|Total annual fund operating expensesa||0.96%|
|Fee waiver and/or expense reimbursement||0.03%|
A contractual expense waiver exists for this fund and will expire on 01-01-2018.
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 Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.
|Record Date||Ex/Payable Date||Income/Capital Gains Paid Per Share|
|Mar 15, 2017||Mar 15, 2017||$0.026700000|
|Feb 15, 2017||Feb 15, 2017||$0.023400000|
|Jan 17, 2017||Jan 17, 2017||$0.025800000|
|Dec 15, 2016||Dec 15, 2016||$0.020000000|
|Nov 15, 2016||Nov 15, 2016||$0.020000000|
|Oct 17, 2016||Oct 17, 2016||$0.020000000|
|Sep 15, 2016||Sep 15, 2016||$0.020000000|
|Aug 15, 2016||Aug 15, 2016||$0.020000000|
|Jul 15, 2016||Jul 15, 2016||$0.020000000|
|Jun 15, 2016||Jun 15, 2016||$0.020000000|
|May 16, 2016||May 16, 2016||$0.020000000|
|Apr 15, 2016||Apr 15, 2016||$0.030000000|
|Mar 15, 2016||Mar 15, 2016||$0.030000000|
|Feb 16, 2016||Feb 16, 2016||$0.030000000|
|Jan 15, 2016||Jan 15, 2016||$0.030000000|
|Dec 15, 2015||Dec 15, 2015||$0.030000000|
|Nov 16, 2015||Nov 16, 2015||$0.030000000|
|Oct 15, 2015||Oct 15, 2015||$0.030000000|
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.
|Fixed Income Stylebox|
|Type of Asset||Percent|
Due to rounding, percentages shown may not add up to 100%.
Due to rounding, percentages shown may not add up to 100%.
|Cash & Equivalents||17.4%|
Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.
Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.
|Vereinigte Mexikanische 7.75%||7.4%|
|United Mexican States 8.5%||6.9%|
|Secretaria Tesouro Nacl 10%||3.7%|
|Brazil Federative Rep||3.4%|
|Korea(Republic Of) 2%||3.3%|
|Brazil Federative Rep 10%||3.2%|
|Indonesia(Rep Of) 8.375%||2.3%|
|Malaysia (Govt Of) 4.012%||2.3%|
|Indonesia(Rep Of) 8.375%||2.1%|
|Korea Treasury Bond||2.0%|
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 firstname.lastname@example.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.