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Franklin Bissett Short Duration Bond Fund Series A

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Cdn Short Term Fixed Inc

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

NAVPS
(05-02-2024) 		$7.75
Change
$0.01 (0.13%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Franklin Bissett Short Duration Bond Fund Series A

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Fund Returns

Inception Return (December 22, 2003): 2.17%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.56% 0.86% 4.63% 0.86% 4.26% 2.15% 0.29% 1.66% 1.32% 1.50% 1.25% 1.53% 1.17% 1.40%
Benchmark 0.53% 0.45% 4.45% 0.45% 3.64% 2.06% 0.29% 0.89% 1.33% 1.66% 1.39% 1.38% 1.34% 1.59%
Category Average 0.46% 4.40% 4.40% 0.54% 3.83% 1.73% 0.15% 1.11% 1.08% 1.27% 1.05% 1.06% 0.92% 1.04%
Category Rank 62 / 322 110 / 289 126 / 287 110 / 289 128 / 272 144 / 262 130 / 245 89 / 236 117 / 227 116 / 211 106 / 196 78 / 183 90 / 171 72 / 155
Quartile Ranking 1 2 2 2 2 3 3 2 3 3 3 2 3 2

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.64% -0.73% -0.31% 0.05% 0.45% -0.43% 0.40% 1.76% 1.54% 0.24% 0.06% 0.56%
Benchmark 0.41% -0.84% -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53%

Best Monthly Return Since Inception

2.59% (April 2020)

Worst Monthly Return Since Inception

-3.11% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 2.42% 0.69% 2.13% 0.71% 0.42% 3.62% 4.61% -0.36% -4.88% 5.13%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 3 4 2 2 4 2 3 2 3 2
Category Rank 83/ 146 126/ 167 51/ 180 68/ 188 170/ 208 68/ 225 128/ 235 65/ 241 185/ 255 131/ 269

Best Calendar Return (Last 10 years)

5.13% (2023)

Worst Calendar Return (Last 10 years)

-4.88% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 39.62
Canadian Government Bonds 23.48
Cash and Equivalents 21.55
Foreign Corporate Bonds 8.66
Foreign Government Bonds 3.78
Other 2.91

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 76.52
Cash and Cash Equivalent 21.55
Financial Services 0.94
Energy 0.74
Utilities 0.12
Other 0.13

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.50
Europe 0.18
Other 2.32

Top Holdings

Top Holdings
Name Percent
Canada Housing Trust No 1 0.95% 15-Jun-2025 3.51
Canada Housing Trust No 1 3.95% 15-Jun-2028 3.48
United States Treasury 3.63% 31-May-2028 2.52
Manitoba Province 2.60% 02-Jun-2027 2.04
PSP Capital Inc 3.00% 05-Nov-2025 1.54
Saskatchewan Province 2.65% 02-Jun-2027 1.42
Canada Housing Trust No 1 2.90% 15-Jun-2024 1.40
Alberta Province 3.90% 01-Dec-2033 1.37
PSP Capital Inc 3.29% 04-Apr-2024 1.33
Alberta Province 2.90% 20-Sep-2029 1.19

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Franklin Bissett Short Duration Bond Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 2.75% 2.96% 2.41%
Beta 1.00% 1.07% 1.05%
Alpha 0.00% 0.00% 0.00%
Rsquared 0.93% 0.67% 0.67%
Sharpe -0.83% -0.19% 0.02%
Sortino -1.14% -0.68% -0.80%
Treynor -0.02% -0.01% 0.00%
Tax Efficiency - 1.86% 6.10%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.55% 2.75% 2.96% 2.41%
Beta 0.96% 1.00% 1.07% 1.05%
Alpha 0.01% 0.00% 0.00% 0.00%
Rsquared 0.94% 0.93% 0.67% 0.67%
Sharpe -0.21% -0.83% -0.19% 0.02%
Sortino 0.90% -1.14% -0.68% -0.80%
Treynor -0.01% -0.02% -0.01% 0.00%
Tax Efficiency 66.62% - 1.86% 6.10%

Fund Details

Start Date December 22, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
TML1012
TML1013
TML1014

Investment Objectives

High current income and preservation of capital by investing primarily in debt instruments of Canadian issuers including federal and provincial government bonds and corporate bonds, debentures and short-term notes.

Investment Strategy

The portfolio advisor employs fundamental analysis in selecting investments for the Fund’s portfolio. The Fund will generally hold investments whose weighted average duration does not exceed 3½ years. The Fund may invest up to 25% of its assets in non-investment-grade debt instruments.

Portfolio Manager(s)

Name Start Date
Darcy Briggs 01-01-2012
Adrienne Young 08-31-2018

Management and Organization

Fund Manager Franklin Templeton Investments Corp.
Advisor Franklin Bissett Investment Management
Custodian J.P. Morgan Bank Canada
Registrar Franklin Templeton Investments Corp.
Distributor Franklin Templeton Investments Corp.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 0.95%
Management Fee 0.75%
Load Choice of Front or No Load
FE Max 6.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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