Fund Facts  

Inception Date: Sep 18, 1986
Ticker Symbol: TPINX
Morningstar Category:World Bond
As of Feb 28, 2014
Fund Net Assets ($millions) $50,072

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 Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Templeton Global Bond Aa0.03%0.03%-4.31%-0.63%1.93%6.89%7.49%
Citigroup World Govt Bond Indexa,b7.09%7.09%5.92%0.49%1.16%4.19%N/A
Morningstar World Bonda,c4.25%4.25%0.46%0.11%1.85%4.30%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.

Annual Fund Operating Expenses
Total annual fund operating expensesa0.91%
Fee waiver and/or expense reimbursement0.02%
Total expenses0.89%

A contractual expense waiver exists for this fund and will expire on 01-01-2017.

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. 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. ICMA-RC does not independently verify Morningstar data.

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.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
May 16, 2016May 16, 2016$0.020000000
Apr 15, 2016Apr 15, 2016$0.030000000
Mar 15, 2016Mar 15, 2016$0.030000000
Feb 16, 2016Feb 16, 2016$0.030000000
Jan 15, 2016Jan 15, 2016$0.030000000
Dec 15, 2015Dec 15, 2015$0.030000000
Nov 16, 2015Nov 16, 2015$0.030000000
Oct 15, 2015Oct 15, 2015$0.030000000
Sep 15, 2015Sep 15, 2015$0.030000000
Aug 17, 2015Aug 17, 2015$0.030000000
Jul 15, 2015Jul 15, 2015$0.030000000
Jun 15, 2015Jun 15, 2015$0.030000000
May 15, 2015May 15, 2015$0.030000000
Apr 15, 2015Apr 15, 2015$0.030000000
Mar 16, 2015Mar 16, 2015$0.030000000
Feb 17, 2015Feb 17, 2015$0.030000000
Jan 15, 2015Jan 15, 2015$0.030000000
Dec 15, 2014Dec 15, 2014$0.521500000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2014
Period Stars Category Size
Overall 4 Stars320
3-Year 3 Stars320
5-Year 3 Stars242
10-Year 5 Stars147

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2014
Fixed Income Stylebox
Low Limited
Allocation of Assets As of Dec 31, 2015
Type of Asset Percent
Equity0%
Fixed Income54%
Cash/Other47%

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

 
 

Characteristics

Allocation of Assets As of Dec 31, 2015
Asset ClassPercent
Domestic Stock-0.4%
Foreign Stock0.0%
Domestic Bond0.0%
Foreign Bond53.5%
Preferred0.0%
Convertible0.0%
Cash43.2%
Other3.7%

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

 
Fixed Income Sector As of Dec 31, 2015
SectorPercent
Government50.9%
Cash & Equivalents36.9%
Corporate1.8%

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

 
Credit Quality As of Dec 31, 2015
Quality LevelPercent
AAA1.0%
AA19.3%
A32.1%
BBB30.0%
BB9.0%
B2.6%
Below B6.0%
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 Dec 31, 2015
Holding NamePercent
Mexico(Utd Mex St) 7.75%5.3%
Foederative Republik Brasilien, Bras 10%2.5%
United Mexican States 7.62435%2.5%
Brazil Federative Rep2.3%
Hungary Rep 6.375%1.8%
Portugal(Rep Of) 3.875%1.8%
Brazil Federative Rep1.3%
Brazil Federative Rep 10%1.3%
Malaysia (Govt Of) 4.012%1.3%
Brazil(Fed Rep Of) 10%1.3%
 

Statistics

Duration and Maturity As of Dec 31, 2015
StatisticValue
Average Effective Duration0.40 years
Average Effective Maturity3.23 years
Portfolio Statistics As of Mar 31, 2016
Statistic3-Year5-Year
Beta0.860.51
Alpha3.446.96
Standard Deviation9.378.64
 
 

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 © 2016 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.