Templeton Global Bond's distinct process works over the long term because of the manager's patience and the team's expertise. But its high-conviction approach amplifies the potential risk as well as reward in the short run, supporting a Morningstar Analyst Rating downgrade to Silver from Gold on its cheaper share classes. Its most expensive share class receives a Bronze.
Will TGBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TGBAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the TGBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of TGBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.