Morningstar® Investment Profile™   Morningstar®
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Templeton Global Bond VIP 2
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of ---
Out of 193
Global Bond Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
1,934.15
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks high current income consistent with preservation of capital; capital appreciation is a secondary objective.
Under normal market conditions, the fund invests at least 80% of its net assets in "bonds." Bonds include debt securities of any maturity, such as bonds, notes, bills and debentures. The fund invests predominantly in bonds issued by governments, government-related entities and government agencies located around the world. Bonds may be denominated and issued in the local currency or another currency. The fund is non-diversified.
  Morningstar Category: Global Bond
Global bond portfolios typically invest 40% or more of their assets in fixed-income instruments issued outside of the U.S. These portfolios invest primarily in investment-grade rated issues, but their strategies can vary. Some follow a conservative approach, sticking with high-quality bonds from developed markets. Others are more adventurous, owning some lower-quality bonds from developed or emerging markets. Some portfolios invest exclusively outside the U.S., while others invest in both U.S. and non-U.S. bonds. Many consistently maintain significant allocations to non-U.S. dollar currencies, while others have the flexibility to make sizeable adjustments between their U.S. dollar and non-U.S. currency exposures. 
  Investment Risks
Non-Diversified Funds: Funds that invest more of their assets in a single issuer involve additional risks, including share price fluctuations, because of the increased concentration of investments.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 0.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.1
Bullet Bonds Bonds 84.4
Bullet Cash Cash 15.5
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-05-31
Morningstar Fixed-Income Sectors
% Fund
Government 84.45
Corporate 0.00
Securitized 0.00
Municipal 0.00
Cash & Equivalents 15.55
Other 0.00
Data through 2022-05-31
Credit Analysis
% Bonds
AAA 32.80
AA 18.75
A 0.00
BBB 22.47
BB 9.80
B 1.42
Below B 2.35
Not Rated 12.41
Data through 2022-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 3
Total Number of Bond Holdings 80
% of Net Assets in Top 10 Holdings 34.75
Turnover % (as of 2021-12-31) 27.65
30 Day SEC Yield % ---
Top Holdings
Maturity
Date
Shares
Value
$000
% of Net
Assets
Indonesia (Republic of) 5.5% 2026-04-15 1,421,313,000 96,418 4.94
Secretaria Tesouro Nacional 0% 2025-01-01 540 83,932 4.30
United States Treasury Notes 2.875% 2025-05-31 76,680 77,015 3.95
The Republic of Korea 2.25% 2023-09-10 88,312,000 70,970 3.64
United States Treasury Notes 1.5% 2024-10-31 64,160 62,463 3.20
The Republic of Korea 1.25% 2022-12-10 77,860,000 62,408 3.20
The Republic of Korea 1.375% 2024-09-10 75,881,910 59,008 3.02
United States Treasury Notes 2.125% 2025-05-15 58,760 57,780 2.96
Franklin IFT Money Market --- 57,375 57,375 2.94
Secretaria Tesouro Nacional 0% 2024-07-01 308 50,697 2.60
Data through 2022-05-31
  Principal Risks   
Credit and Counterparty, Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Nondiversification, Active Management, Income, Interest Rate, Market/Market Volatility, High-Yield Securities, Other, Restricted/Illiquid Securities, Derivatives, Sovereign Debt, Cash Drag, Management
Show Risk Definitions
  Other Information
Inception Date: 1999-01-06
Portfolio Manager(s)
Calvin Ho   (2018-12-31)
Calvin Ho, Ph.D., is a senior vice president and director of research for Templeton Global Macro. Dr. Ho also serves as a portfolio manager for a number of funds, including Templeton Global Bond Fund, Templeton Global Total Return Fund and Templeton Emerging Market Bond Fund. Dr. Ho joined Franklin Templeton Investments in 2005 after obtaining his Ph.D. at UC Berkeley. He has been a core part of the Templeton Global Macro team since 2005, working closely with Dr. Michael Hasenstab as a lead research analyst. Dr. Ho holds both B.A. and Ph.D. in economics from University of California, Berkeley.
Michael J. Hasenstab   (2001-12-31)
Michael Hasenstab, Ph.D., has been a lead portfolio manager of Franklin Templeton which he first joined in 1995, rejoining again in 2001 after a three-year leave to obtain his Ph.D.. He was EVP and CIO for Templeton Global Macro, responsible for global macroeconomic and country-specific analysis, and interest rate, currency and sovereign credit market outlooks. He is an economic advisor to the CEO of Franklin Resources, Inc., providing perspective and insight through the lens of Templeton Global Macro.Dr. Hasenstab holds a Ph.D. in economics at Australian National University.
Investment Advisor(s)
Franklin Advisers, Inc.
Issuer
Franklin Templeton Investments
Subadvisor(s)
---
Show Data Definitions

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