NAV
$14.47
NAV Change
$-0.09
Morningstar Overall Rating™
Overall Morningstar Rating
Rating Category: Global Emerging Markets Bond - Local Currency
Morningstar Style Box
| High | Quality | |||
|---|---|---|---|---|
| Medium | ||||
| Low | ||||
| LTD | MOD | EXT | ||
| Duration | ||||
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 834 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 751 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 449 |
Overview
- Summary of Fund Objective
- Sustainability-related Disclosures
- Investor Profile
- What Are The Key Risks?
Summary of Fund Objective
To seek to maximise income and growth of capital (total return), including currency gains. The Fund mainly invests in corporate and government bonds of any quality issued in emerging markets, including Mainland China, and denominated in any currency. Some of these investments may be below investment grade.
Sustainability-related Disclosures
The Fund promotes environmental and social characteristics in accordance with Article 8 of the Sustainable Finance Disclosure Regulation (the “SFDR”).
In its implementation of the Fund’s environmental, social and governance (“ESG”) considerations for sovereign issuers, the Investment Manager typically favours issuers with either higher ESG scores or those projected to have neutral to improving ESG scores over the medium term (the next two to three years), as captured by its proprietary ESG methodology. For corporate and supranational issuers, the Investment Manager utilizes ESG ratings provided by MSCI.
The Fund’s environmental or social characteristics are assessed both quantitatively and qualitatively, by means of sustainability indicators as well as of the Investment Manager’s proprietary ESG methodology and its research process further described in the Website disclosure’s dedicated sections. As part of its investment decision making process, the Fund’s ESG strategy also uses binding criteria for the selection of underlying assets and applies specific ESG exclusions.
Investor Profile
- Seeking potentially above-average levels of income and capital appreciation by investing in emerging markets fixed income securities.
- Planning to hold their investment for the medium to long term.
What Are The Key Risks?
The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.
- The Fund invests mainly in debt securities of any quality issued by entities located in developing and emerging markets. Such securities have historically been subject to price movements, generally due to interest rates, market factors or movements in the bond market. As a result, the performance of the Fund can fluctuate over time.
- The Fund may distribute income gross of expenses. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital.
- Other significant risks include:
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, sub-investment-grade securities.
Derivative Instruments 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.
Emerging markets risk: the risk related to investing in countries that have less developed political, economic, legal and regulatory systems, and that may be impacted by political/economic instability, lack of liquidity or transparency, or safekeeping issues.
Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.
Chinese Market risk: In addition to typical risks linked to Emerging Markets, investments in China are subject to economic, political, tax and operational risks specific to the Chinese Market. Please also refer to the prospectus for China QFII risk, Bond Connect risk and Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect risk.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.
Fund Information
Charges
Identifiers
Fund Managers
Performance
- Discrete Annual Performance
- Cumulative Performance
- Annualised Performance
- Calendar Year Performance
- Risk Measures
Discrete Annual Performance
Discrete Annual Performance
Past performance does not predict future returns.
Chart
Month End As of 28/02/2026 | Currency | Feb-25 / Feb-26 | Feb-24 / Feb-25 | Feb-23 / Feb-24 | Feb-22 / Feb-23 | Feb-21 / Feb-22 | Feb-20 / Feb-21 | Feb-19 / Feb-20 | Feb-18 / Feb-19 | Feb-17 / Feb-18 | Feb-16 / Feb-17 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) USD (%) | USD | 28.56 | 2.88 | 16.80 | -15.27 | -6.38 | -7.05 | -3.62 | -4.49 | 6.32 | 21.09 | 29/01/2010 | ||
| JP Morgan EMBI Global Index (%) | USD | 12.43 | 9.34 | 8.99 | -8.20 | -6.10 | 0.99 | 9.89 | 2.43 | 3.31 | 12.06 | — |
Month End As of 28/02/2026 | Currency | Feb-25 / Feb-26 | Feb-24 / Feb-25 | Feb-23 / Feb-24 | Feb-22 / Feb-23 | Feb-21 / Feb-22 | Feb-20 / Feb-21 | Feb-19 / Feb-20 | Feb-18 / Feb-19 | Feb-17 / Feb-18 | Feb-16 / Feb-17 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (Mdis) USD (%) | USD | 28.60 | 2.86 | 17.01 | -15.29 | -6.51 | -6.94 | -3.72 | -4.49 | 6.43 | 21.01 | 14/08/2009 | ||
| A (Qdis) EUR (%) | EUR | 12.81 | 7.08 | 14.45 | -10.14 | 0.72 | -15.06 | -0.62 | 2.44 | -7.79 | 24.46 | 09/09/2002 | ||
| A (Qdis) GBP (%) | GBP | 20.18 | 3.03 | 11.45 | -5.52 | -2.69 | -14.38 | -0.46 | -0.78 | -4.29 | 35.85 | 29/01/2010 | ||
| A (Qdis) USD (%) | USD | 28.73 | 2.76 | 16.79 | -15.24 | -6.43 | -7.02 | -3.60 | -4.56 | 6.31 | 21.07 | 05/07/1991 | ||
| A (Ydis) EUR-H1 (%) | EUR | 25.48 | 1.26 | 14.13 | -18.82 | -7.61 | -8.24 | -6.71 | -7.23 | 3.33 | 19.43 | 31/03/2010 | ||
| W (acc) EUR-H1 (%) | EUR | 26.63 | 1.92 | 15.36 | -17.94 | -6.57 | -7.54 | -5.73 | -6.38 | 4.14 | 20.39 | 04/05/2012 | ||
| W (acc) USD (%) | USD | 29.75 | 3.64 | 17.93 | -14.41 | -5.56 | -6.15 | -2.72 | -3.58 | 7.12 | 22.06 | 29/01/2010 | ||
| W (Qdis) EUR (%) | EUR | 13.89 | 8.00 | 15.59 | -9.34 | 1.72 | -14.27 | 0.31 | 3.45 | -7.13 | 25.48 | 09/09/2002 | ||
| W (Qdis) GBP (%) | GBP | 21.05 | 4.06 | 12.50 | -4.63 | -1.86 | -13.59 | 0.53 | 0.08 | -3.49 | 36.89 | 29/01/2010 | ||
| W (Qdis) GBP-H1 (%) | GBP | 29.61 | 3.21 | 17.23 | -16.98 | -5.76 | -7.33 | -4.48 | -5.39 | 5.34 | 22.32 | 05/07/1991 |
Cumulative Performance
Annualised Performance
Annualised Performance
Past performance does not predict future returns.
Chart
Month End As of 28/02/2026 | Currency | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Performance Inception 29/01/2010 | |
|---|---|---|---|---|---|---|---|---|
| A (acc) USD (%) | USD | 28.56 | 15.60 | 4.15 | 3.05 | 1.95 | 2.63 | |
| JP Morgan EMBI Global Index (%) | USD | 12.43 | 10.24 | 2.92 | 4.28 | 4.70 | 5.07 |
Month End As of 28/02/2026 | Currency | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Performance Inception | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|
| A (Mdis) USD (%) | USD | 28.60 | 15.67 | 4.16 | 3.06 | 1.96 | 3.22 | 14/08/2009 | ||
| A (Qdis) EUR (%) | EUR | 12.81 | 11.40 | 4.59 | 2.19 | 3.01 | 4.55 | 09/09/2002 | ||
| A (Qdis) GBP (%) | GBP | 20.18 | 11.33 | 4.88 | 3.39 | 3.25 | 3.74 | 29/01/2010 | ||
| A (Qdis) USD (%) | USD | 28.73 | 15.60 | 4.15 | 3.04 | 1.95 | 6.77 | 05/07/1991 | ||
| A (Ydis) EUR-H1 (%) | EUR | 25.48 | 13.19 | 1.70 | 0.64 | 0.29 | 0.67 | 31/03/2010 | ||
| W (acc) EUR-H1 (%) | EUR | 26.63 | 14.19 | 2.68 | 1.57 | — | 0.79 | 04/05/2012 | ||
| W (acc) USD (%) | USD | 29.75 | 16.61 | 5.09 | 3.97 | 2.68 | 3.32 | 29/01/2010 | ||
| W (Qdis) EUR (%) | EUR | 13.89 | 12.44 | 5.57 | 3.12 | 3.76 | 5.03 | 09/09/2002 | ||
| W (Qdis) GBP (%) | GBP | 21.05 | 12.32 | 5.81 | 4.30 | 3.97 | 4.41 | 29/01/2010 | ||
| W (Qdis) GBP-H1 (%) | GBP | 29.61 | 16.18 | 4.18 | 2.85 | 2.05 | 6.82 | 05/07/1991 |
Calendar Year Performance
Calendar Year Performance
Past performance does not predict future returns.
Chart
Month End As of 28/02/2026 | Currency | YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) USD (%) | USD | 4.84 | 27.38 | 1.70 | 13.29 | -15.94 | -6.83 | -6.53 | 0.22 | -5.42 | 9.90 | 9.86 | 29/01/2010 | |
| JP Morgan EMBI Global Index (%) | USD | 1.96 | 13.45 | 5.73 | 10.45 | -16.45 | -1.51 | 5.88 | 14.42 | -4.61 | 9.32 | 10.19 | — |
Month End As of 28/02/2026 | Currency | YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (Mdis) USD (%) | USD | 4.97 | 27.44 | 1.65 | 13.13 | -15.76 | -6.85 | -6.61 | 0.31 | -5.48 | 9.88 | 9.95 | 14/08/2009 | ||
| A (Qdis) EUR (%) | EUR | 4.22 | 12.29 | 8.42 | 9.84 | -10.65 | -0.05 | -14.11 | 2.43 | -1.05 | -3.62 | 13.40 | 09/09/2002 | ||
| A (Qdis) GBP (%) | GBP | 4.85 | 18.43 | 3.46 | 7.50 | -5.88 | -5.78 | -9.43 | -3.55 | 0.09 | 0.26 | 31.37 | 29/01/2010 | ||
| A (Qdis) USD (%) | USD | 4.88 | 27.32 | 1.84 | 13.11 | -15.88 | -6.86 | -6.51 | 0.24 | -5.44 | 9.85 | 9.92 | 05/07/1991 | ||
| A (Ydis) EUR-H1 (%) | EUR | 4.41 | 24.81 | -0.10 | 10.21 | -19.21 | -7.79 | -7.97 | -3.23 | -8.06 | 6.95 | 8.72 | 31/03/2010 | ||
| W (acc) EUR-H1 (%) | EUR | 4.67 | 25.55 | 0.79 | 11.42 | -18.20 | -6.91 | -7.33 | -2.02 | -7.41 | 7.89 | 9.65 | 04/05/2012 | ||
| W (acc) USD (%) | USD | 4.96 | 28.53 | 2.68 | 14.21 | -15.09 | -5.97 | -5.63 | 1.21 | -4.63 | 10.76 | 10.71 | 29/01/2010 | ||
| W (Qdis) EUR (%) | EUR | 4.47 | 13.26 | 9.31 | 10.91 | -9.74 | 0.93 | -13.32 | 3.36 | -0.19 | -2.90 | 14.41 | 09/09/2002 | ||
| W (Qdis) GBP (%) | GBP | 4.99 | 19.38 | 4.52 | 8.43 | -5.08 | -4.93 | -8.57 | -2.59 | 0.99 | 1.06 | 32.31 | 29/01/2010 | ||
| W (Qdis) GBP-H1 (%) | GBP | 4.94 | 28.26 | 2.20 | 13.35 | -17.33 | -6.35 | -6.87 | -0.76 | -6.33 | 8.89 | 11.30 | 05/07/1991 |
Risk Measures
Risk Measures
| Statistics | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Historical Tracking Error | 4.91 | 6.30 | 7.29 |
| Information Ratio | 1.09 | 0.20 | -0.17 |
| Standard Deviation (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| A (acc) USD | 7.76 | 10.98 | 10.31 |
| JP Morgan EMBI Global Index | 6.04 | 8.46 | 8.53 |
| Sharpe Ratio (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| A (acc) USD | 1.40 | 0.08 | 0.08 |
Portfolio
Assets
Positions
| Fund | Benchmark | |
|---|---|---|
| Number of Holdings | 123 | 1,050 |
Portfolio Statistics
| Fund | Benchmark | |
|---|---|---|
| Yield to Maturity | 9.86% | 7.38% |
| Average Weighted Maturity | 5.68 Yrs | 10.50 Yrs |
| Average Credit Quality | BBB | BBB- |
| Effective Duration | 4.06 Yrs | 6.41 Yrs |
Portfolio Allocations
- Assets
- Currency
Assets
Asset Allocation
Chart
| Fund | ||
|---|---|---|
| Fixed Income | 88.81% | |
| Equity | 0.00% | |
| Cash & Cash Equivalents | 11.19% |
Any negative cash position reflects a temporary position that is a result of a delay in securities settlement transactions.
Currency
Currency Exposure
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| 32.40% | — | ||
| 25.27% | — | ||
| 22.50% | — | ||
| 16.42% | 100.00% | ||
| 3.41% | — |
Portfolio Holdings
- Holdings
- Top Ten Holdings
Holdings
Holdings
These securities do not represent all of the securities purchased, sold or recommended for clients, and the reader should not assume that investment in the securities listed was or will be profitable.
Top Ten Holdings
Top Securities
Chart
| Fund | ||
|---|---|---|
| Uruguay Government International Bond, 3.875%, 7/02/40 | 5.52% | |
| ECUADOR REPUBLIC OF, senior bond, Reg S, 6.90%, 7/31/35 | 4.22% | |
| Malaysia Government Bond, BONDS, Sr Unsecured, 0417, 3.899%, 11/16/27 | 3.90% | |
| Government of South Africa, 8.75%, 1/31/44 | 3.70% | |
| Government of South Africa, 9.00%, 1/31/40 | 3.60% | |
| Brazil Notas do Tesouro Nacional Serie F, NOTES, Unsecured, NTNF, 9.46141%, 1/01/31 | 3.51% | |
| Republic of Kenya Government International Bond, SR UNSECURED, Sr Unsecured, REGS, REG S, 9.75%, 2/16/31 | 3.09% | |
| European Bank for Reconstruction & Development, SR UNSECURED, Sr Unsecured, EMTN, 8.85%, 10/28/26 | 2.95% | |
| Colombian TES, BONDS, Unsecured, B, 9.25%, 5/28/42 | 2.30% | |
| European Investment Bank, SR UNSECURED, Sr Unsecured, Regs, REG S, 6.50%, 7/11/35 | 2.17% |
These securities do not represent all of the securities purchased, sold or recommended for clients, and the reader should not assume that investment in the securities listed was or will be profitable.
Pricing
Documents
Product Literature
Fact Sheet - Templeton Emerging Markets Bond Fund (A (acc) USD)
Regulatory Documents
Prospectus - Franklin Templeton Investment Funds (FTIF)
Annual Report (full) - Franklin Templeton Investment Funds (FTIF)
Semi-Annual Report (abridged) - Franklin Templeton Investment Funds (FTIF)
Supplementary Information Document - Franklin Templeton Investment Funds (FTIF)
Articles of Incorporation - Franklin Templeton Investment Funds (FTIF)
Morningstar Rated Funds
The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested.
Past performance does not predict future returns.
Show Performance (%)
As of 28/02/2026
Discrete Annual
As of 28/02/2026
Discrete Annual
As of 28/02/2026
Discrete Annual
As of 28/02/2026
Discrete Annual
As of 28/02/2026
Discrete Annual
As of 28/02/2026
This website is intended to be of general interest only and does not constitute legal or tax advice nor is it an offer for shares or invitation to apply for shares of the sub funds of Franklin Templeton Funds (FTF), a UK-domiciled OEIC, or Franklin Templeton Investment Funds (FTIF), Franklin Templeton Series II Funds (FTSIIF), Franklin Templeton Shariah Funds (FTSF) and Franklin Templeton Specialised Investment Funds (FTSIF), Luxembourg-domiciled SICAVs ("the Fund") or Franklin Templeton ICAV ("the ETF"). Subscriptions to shares of the Fund or ETF can only be made on the basis of the current prospectus / supplement, the relevant Key Investor Information Document, accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter.
Important Legal Information
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Indices are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Issued by Franklin Templeton Investment Management Limited (FTIML). Registered office: Cannon Place, 78 Cannon Street, London EC4N 6HL. FTIML is authorised and regulated by the Financial Conduct Authority.
Footnotes
The average credit quality (ACQ) rating may change over time. The portfolio itself has not been rated by an independent rating agency. The letter rating, which may be based on bond ratings from different agencies (or internal ratings for unrated bonds, cash and equivalents), is provided to indicate the average credit rating of the portfolio's underlying investments and generally ranges from AAA (highest) to D (lowest). For unrated bonds, cash and equivalents, ratings may be assigned based on the ratings of the issuer, the ratings of the underlying holdings of a pooled investment vehicle, or other relevant factors. The ACQ is determined by assigning a sequential integer to all credit ratings AAA to D, taking a simple, asset-weighted average of investments by market value and rounding to the nearest rating. The risk of default increases as a bond's rating decreases, so the ACQ provided is not a statistical measurement of the portfolio’s default risk because a simple, weighted average does not measure the increasing level of risk from lower-rated bonds. The ACQ may be lower if cash and equivalents are excluded from the calculation. The ACQ is provided for informational purposes only. Derivative positions are not reflected in the ACQ.
Morningstar ratings are applied at share class level, which means that each share class requires 36 monthly returns before it will be awarded a rating.
Copyright - © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar; (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.