Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
11.8%
1 yr return
22.8%
3 Yr Avg Return
5.5%
5 Yr Avg Return
5.6%
Net Assets
$72.4 M
Holdings in Top 10
27.6%
Expense Ratio 1.16%
Front Load N/A
Deferred Load N/A
Turnover 61.28%
Redemption Fee N/A
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the Fund invests at least 80% of its net assets in debt securities of “emerging market countries.” “Emerging market countries” include those countries considered to be developing or emerging by the International Monetary Fund, the United Nations; countries included as developing or emerging markets by S&P Dow Jones, Morgan Stanley Capital International or Russell index providers; countries in the JPMorgan Emerging Markets Bond Index - Global (EMBIG) or JPMorgan Government Bond Index - Emerging Markets Broad (GBI-EM Broad) fixed income indexes. These countries typically are located in the Asia-Pacific region, Eastern Europe, Central and South America, and Africa. In addition, countries that have restructured their external or local debt during the past 10 years or currently have restructured external or local debt outstanding may also be considered to be emerging market countries.
The Fund invests mainly in debt securities issued by sovereign and subsovereign government entities, including securities issued by political subdivisions, local authorities, government agencies, government owned, controlled, sponsored or guaranteed corporations and supranationals located in emerging market countries. Although the investment manager tends to focus on these types of securities, securities issued by corporate entities that are controlled (i.e., more than 50% owned) by a sovereign entity, and corporate emerging markets debt, are also considered suitable investments. The Fund may also invest in loan participation notes (LPNs) that are secured by collateral of any of these entities.
The Fund may invest up to 100% of its assets in debt securities that are rated below investment grade (also known as “junk bonds”). These securities are either rated below investment grade by independent rating agencies such as S&P® Global
Ratings (S&P®) or Moody’s Investors Service (Moody’s) or unrated securities the investment manager determines are of comparable quality. The Fund also may invest in investment grade debt securities or unrated securities the investment manager determines are of comparable quality when those securities appear more advantageous relative to high yield securities. Securities rated in one of the top four rating categories of the independent rating agencies are considered to be investment grade. The Fund may also invest up to 15% of its net assets in defaulted debt securities.
For purposes of pursuing its investment goals, the Fund may enter into various currency related transactions involving derivative instruments, including currency and cross currency forwards. The use of these derivative transactions may allow the Fund to obtain net long or net negative (short) exposure to selected currencies.
The portfolio construction process can be summarized in three integral steps—country allocation, currency allocation and issue selection. The first stage of the emerging market debt investment process is identifying the countries for which management has a favorable outlook, which is managed with a bottom-up, research-driven perspective. Since the portfolio is constructed through bottom-up fundamental research and not relative to a benchmark index, there is no requirement to hold securities from any one country. The next decision is whether to take exposure in the form of “hard currency” or local currency instruments. Hard currencies are currencies in which investors have confidence and are typically currencies of economically and politically stable industrialized nations. The last decision concerns security selection. This depends on a number of factors, including the type of the security’s coupon (fixed or floating).
Period | FEMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.8% | -1.5% | 490.6% | 5.44% |
1 Yr | 22.8% | 7.2% | 538.0% | 10.88% |
3 Yr | 5.5%* | -8.1% | 60.6% | 0.70% |
5 Yr | 5.6%* | -6.3% | 30.3% | 1.85% |
10 Yr | 4.8%* | -5.2% | 15.0% | 2.73% |
* Annualized
Period | FEMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.0% | -10.6% | 17.8% | 1.02% |
2022 | -16.6% | -29.1% | -2.4% | 37.19% |
2021 | 1.6% | -24.0% | 2.7% | 0.71% |
2020 | 3.9% | -14.0% | 9.7% | 6.99% |
2019 | 2.3% | -6.4% | 13.0% | 94.40% |
Period | FEMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 11.8% | -1.5% | 490.6% | 5.44% |
1 Yr | 22.8% | 7.2% | 538.0% | 10.88% |
3 Yr | 5.5%* | -8.1% | 60.6% | 0.70% |
5 Yr | 5.6%* | -6.3% | 30.3% | 1.85% |
10 Yr | 4.8%* | -5.2% | 15.0% | 2.73% |
* Annualized
Period | FEMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.5% | -0.6% | 20.0% | 4.75% |
2022 | -8.9% | -27.6% | -1.7% | 11.93% |
2021 | 3.1% | -18.5% | 7.4% | 2.49% |
2020 | 3.9% | -7.8% | 18.0% | 67.65% |
2019 | 9.9% | -3.0% | 23.0% | 89.93% |
FEMDX | Category Low | Category High | FEMDX % Rank | |
---|---|---|---|---|
Net Assets | 72.4 M | 565 K | 14.8 B | 69.83% |
Number of Holdings | 110 | 4 | 1813 | 88.47% |
Net Assets in Top 10 | 18.9 M | -134 M | 1.25 B | 65.08% |
Weighting of Top 10 | 27.60% | 5.8% | 102.2% | 23.63% |
Weighting | Return Low | Return High | FEMDX % Rank | |
---|---|---|---|---|
Bonds | 88.32% | 0.00% | 105.61% | 89.49% |
Cash | 8.70% | 0.00% | 24.01% | 21.69% |
Convertible Bonds | 1.08% | 0.00% | 8.47% | 19.18% |
Stocks | 0.00% | -0.01% | 96.53% | 43.39% |
Preferred Stocks | 0.00% | 0.00% | 2.76% | 13.90% |
Other | -0.03% | -13.89% | 86.73% | 78.31% |
Weighting | Return Low | Return High | FEMDX % Rank | |
---|---|---|---|---|
Government | 55.75% | 0.00% | 99.79% | 57.53% |
Corporate | 22.31% | 0.00% | 91.26% | 35.27% |
Cash & Equivalents | 7.78% | 0.00% | 23.23% | 14.24% |
Securitized | 0.14% | 0.00% | 2.41% | 10.96% |
Municipal | 0.00% | 0.00% | 0.00% | 9.93% |
Derivative | -0.03% | -3.00% | 13.76% | 71.86% |
Weighting | Return Low | Return High | FEMDX % Rank | |
---|---|---|---|---|
US | 51.34% | -42.31% | 99.15% | 62.37% |
Non US | 36.98% | 0.00% | 132.49% | 38.31% |
FEMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.16% | 0.02% | 32.92% | 56.12% |
Management Fee | 0.85% | 0.00% | 1.10% | 86.44% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.02% | 0.65% | 60.00% |
FEMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
FEMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FEMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.28% | 0.00% | 218.00% | 63.18% |
FEMDX | Category Low | Category High | FEMDX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.79% | 0.00% | 22.22% | 91.19% |
FEMDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Quarterly | Monthly | Quarterly |
FEMDX | Category Low | Category High | FEMDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.34% | -2.28% | 8.00% | 4.17% |
FEMDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.336 | OrdinaryDividend |
Dec 20, 2022 | $0.896 | OrdinaryDividend |
Dec 16, 2019 | $0.797 | OrdinaryDividend |
Dec 17, 2018 | $0.861 | OrdinaryDividend |
Dec 15, 2017 | $0.034 | CapitalGainLongTerm |
Dec 15, 2017 | $0.467 | OrdinaryDividend |
Dec 15, 2016 | $0.023 | CapitalGainShortTerm |
Dec 15, 2016 | $0.053 | CapitalGainLongTerm |
Dec 15, 2015 | $0.590 | OrdinaryDividend |
Dec 15, 2014 | $0.036 | CapitalGainShortTerm |
Dec 15, 2014 | $0.026 | CapitalGainLongTerm |
Dec 15, 2014 | $0.910 | OrdinaryDividend |
Dec 16, 2013 | $0.041 | CapitalGainShortTerm |
Dec 16, 2013 | $0.575 | OrdinaryDividend |
Dec 17, 2012 | $0.116 | CapitalGainShortTerm |
Dec 17, 2012 | $0.057 | CapitalGainLongTerm |
Dec 17, 2012 | $0.892 | OrdinaryDividend |
Dec 15, 2011 | $0.035 | CapitalGainShortTerm |
Dec 15, 2011 | $0.127 | CapitalGainLongTerm |
Dec 15, 2011 | $0.703 | OrdinaryDividend |
Dec 15, 2010 | $0.014 | CapitalGainShortTerm |
Dec 15, 2010 | $0.095 | CapitalGainLongTerm |
Dec 15, 2010 | $0.361 | OrdinaryDividend |
Dec 15, 2009 | $0.432 | OrdinaryDividend |
Dec 15, 2008 | $0.022 | CapitalGainShortTerm |
Dec 15, 2008 | $0.043 | CapitalGainLongTerm |
Dec 15, 2008 | $0.064 | OrdinaryDividend |
Dec 17, 2007 | $0.060 | CapitalGainShortTerm |
Dec 17, 2007 | $0.653 | OrdinaryDividend |
Dec 15, 2006 | $0.320 | OrdinaryDividend |
Dec 15, 2006 | $0.007 | CapitalGainShortTerm |
Start Date
Tenure
Tenure Rank
Jun 06, 2014
7.99
8.0%
Nicholas Hardingham, CFA, Portfolio Manager and Research Analyst of Franklin Templeton Investment Management Limited. Nicholas Hardingham is a portfolio manager and analyst within the EMD Opportunities strategy group. Previously Mr. Hardingham worked as quantitative research analyst within the global fixed income group. He joined Franklin Templeton Investments in 2002. Prior to that, he worked as a performance analyst at T Rowe Price International. Mr. Hardingham is a Chartered Financial Analyst (CFA) Charterholder and earned a B.Sc. in Pure Mathematics from Imperial College, London.
Start Date
Tenure
Tenure Rank
Dec 01, 2015
6.5
6.5%
Stephanie Ouwendijk is portfolio manager and analyst within the EMD Opportunities Strategy Group. Prior to joining Franklin Templeton Investments in January 2015, Stephanie worked at Ashmore Group where she worked as a fund manager for 4.5 years responsible for CEE and African (quasi) sovereign debt. Before Ashmore, she worked as an analyst/portfolio assistant at Gulf International Bank Asset Management. Stephanie holds an MSc in Investment Management from Cass Business School (London) and a MSc & BSc in Business Administration from Vrij Universiteit (Amsterdam). She is a Chartered Financial Analyst (CFA) charterholder.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.15 | 23.87 | 6.49 | 6.11 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...