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Templeton Global Bond Is Not for the Faint of Heart

We’re maintaining our Gold rating on Michael Hasenstab's fund, which is among the boldest world-bond funds we cover.


The following is our latest Fund Analyst Report for Templeton Global Bond (TPINX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

Templeton Global Bond is among the boldest entrants in the world-bond Morningstar Category. Notably, its emerging-markets-heavy profile has caused it to move in sync with riskier assets and sport one of the highest correlations to equities in the group. And its shorts on the yen and euro are a significant drag when those currencies strengthen against the U.S. dollar. However, manager Michael Hasenstab's investment themes and shrewd bond and currency selection have led to topnotch long-term performance. His experience, a skilled and generally stable analyst bench, the fund's consistent approach, and reasonable fees earn this fund a Morningstar Analyst Rating of Gold.

Karin Anderson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.