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Franklin Canadian Corporate Bond Fund Series A

Cdn Corp Fixed Income

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2017, 2014, 2013

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NAVPS
(05-16-2024)
$8.15
Change
$0.00 (0.04%)

As at April 30, 2024

As at December 31, 2023

Period
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Legend

Franklin Canadian Corporate Bond Fund Series A

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Fund Returns

Inception Return (December 18, 2006): 2.91%

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 -1.19% -0.39% 6.79% -0.66% 2.86% 2.69% -0.61% 1.10% 1.41% 1.91% 1.45% 2.09% 1.72% 2.09%
Benchmark -1.26% -0.42% 5.96% -1.12% 3.00% 2.97% -0.46% 0.32% 1.33% 2.03% 1.69% 2.11% 2.12% 2.55%
Category Average -1.20% 6.01% 6.01% -1.07% 2.49% 2.51% -1.20% 0.10% 0.77% 1.36% - - - -
Category Rank 37 / 96 44 / 96 21 / 96 33 / 96 52 / 96 61 / 87 36 / 81 18 / 76 28 / 73 31 / 71 34 / 65 27 / 62 27 / 53 28 / 53
Quartile Ranking 2 2 1 2 3 3 2 1 2 2 3 2 3 3

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -1.44% -0.01% -0.32% -0.16% -1.79% 0.00% 4.09% 3.28% -0.27% 0.12% 0.68% -1.19%
Benchmark -1.31% 0.19% -0.36% -0.02% -1.75% 0.45% 3.64% 3.39% -0.70% 0.25% 0.60% -1.26%

Best Monthly Return Since Inception

5.96% (April 2020)

Worst Monthly Return Since Inception

-9.03% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.86% -0.30% 5.13% 2.84% -1.59% 8.82% 8.08% 0.69% -10.95% 7.71%
Benchmark 7.44% 2.74% 3.59% 3.48% 0.96% 8.01% 8.57% -1.32% -10.12% 8.32%
Category Average - - - - - 7.34% 7.62% -1.82% -10.25% 7.57%
Quartile Ranking 3 4 1 2 4 1 2 1 3 3
Category Rank 29/ 53 45/ 53 10/ 58 32/ 64 65/ 66 13/ 72 35/ 73 6/ 79 63/ 85 60/ 92

Best Calendar Return (Last 10 years)

8.82% (2019)

Worst Calendar Return (Last 10 years)

-10.95% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 72.07
Foreign Corporate Bonds 12.90
Cash and Equivalents 6.32
Canadian Equity 3.79
Canadian Government Bonds 2.45
Other 2.47

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 89.89
Cash and Cash Equivalent 6.32
Financial Services 2.03
Energy 1.57
Utilities 0.19

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.71
Other 1.29

Top Holdings

Top Holdings
Name Percent
Toronto-Dominion Bank 2.67% 09-Sep-2025 2.01
Rogers Communications Inc 6.11% 25-Feb-2040 1.71
Transcanada Pipelines Ltd 8.23% 16-Jan-2031 1.70
Bell Canada 7.30% 23-Feb-2032 1.40
FortisBC Energy Inc 6.05% 15-Feb-2038 1.38
Telus Corp 4.85% 05-Oct-2043 1.33
Telus Corp 4.75% 17-Jul-2044 1.32
El Paso Natural Gas Co LLC 8.38% 15-Jun-2032 1.27
Hydro One Inc 5.49% 16-Jul-2040 1.26
Transcanada Pipelines Ltd 7.90% 15-Apr-2027 1.25

Equity Style

Equity style data not available

Fixed Income Style

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

Risk vs Return (3 Yr)

Franklin Canadian Corporate Bond Fund Series A

Median

Other - Cdn Corp Fixed Income

3 Yr Annualized

Standard Deviation 6.11% 7.33% 5.68%
Beta 1.03% 1.12% 1.09%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.96% 0.94% 0.91%
Sharpe -0.52% -0.04% 0.14%
Sortino -0.76% -0.24% -0.18%
Treynor -0.03% 0.00% 0.01%
Tax Efficiency - - 22.37%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.10% 6.11% 7.33% 5.68%
Beta 1.03% 1.03% 1.12% 1.09%
Alpha 0.00% 0.00% 0.00% -0.01%
Rsquared 0.98% 0.96% 0.94% 0.91%
Sharpe -0.30% -0.52% -0.04% 0.14%
Sortino 0.00% -0.76% -0.24% -0.18%
Treynor -0.02% -0.03% 0.00% 0.01%
Tax Efficiency 39.56% - - 22.37%

Fund Details

Start Date December 18, 2006
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $78

Fund Codes

FundServ Code Load Code Sales Status
TML2061
TML2062
TML2063

Investment Objectives

The objective of the fund is to provide high current income and some long-term capital appreciation by investing primarily in bonds, debentures, notes, revenue bonds and asset-backed and mortgage-backed securities of Canadian corporate entities.

Investment Strategy

The portfolio advisor employs fundamental analysis in selecting investments for the Fund’s portfolio. The Fund may invest up to 25% of its assets in non-investment-grade debt instruments. The Fund may invest up to 30% of its assets in debt instruments issued in foreign currencies, including those issued in either developed or emerging markets currencies. It may exceed this threshold from time to time. The Fund may invest in syndicated loans.

Portfolio Manager(s)

Name Start Date
Darcy Briggs 01-01-2012
Adrienne Young 02-09-2016

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 1.01%
Management Fee 0.80%
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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