Fund Profile: Franklin Australian Absolute Return Bd W

Key Information

APIR codeFRT0027AU
StatusOpen
Asset classMulti-Strategy Income
Responsible EntityFranklin Templeton Investments Aus Ltd
Fund ManagerFranklin Templeton Investments Aus Ltd
Product typeRetail
Legal typeOpen end
Fund inception22 Dec 2014
Fund size $578,902,244
Entry / exit price (2020-08-31)$1.0407 / $1.0407
Minimum initial$25000
Distribution frequencyMonthly

PDS Objective

The investment objective of the Fund is to provide investors with access to an actively managed portfolio of fixed income strategies with an aim to deliver returns in excess of the Bloomberg AusBond Bank Bill Index, after fees and expenses (but before taxes), over the short to medium term.

What is this fund?

The Fund seeks to achieve its investment objective by investing principally in fixed and floating-rate debt instruments issued by governments, government-related entities (including supranational organisations supported by several national governments) and corporations worldwide. The Fund's investment universe consists of generally liquid fixed income instruments including high quality short-term call deposits and cash equivalent securities, government bonds, corporate and asset backed securities in Australia and overseas.

What this rating means?

Outstanding : Highly suitable for inclusion on APLs. The fund most often outperforms its peers and benchmark. In all cases the fund is operating to its mandate and product disclosure statement (PDS). There are no corporate governance issues. Management is extremely experienced and skilled and has access to significant resources.

Fees

Management Fee % PA0.5000
ICR % PA0.6500
Entry / Exit %0.0000/0.0000
Switching %0.0000
Buy / Sell Spread 0.00% / 0.00%