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Managed Fund Since 2005
Multi-Asset
TINCX Templeton Global Dynamic Income Fund
- Global Expertise. The fund combines the global expertise and research resources of the Templeton Global Equity Group and Templeton Global Macro to offer an integrated, multi-asset investment strategy focused on long-term fundamental value. Close collaboration and aligned objectives between the investment teams result in a dynamic portfolio.
- Global Diversification. The teams global resources and regional market expertise provides the flexibility to adjust exposures across fluctuating market environments and all phases of the investment cycle.
- Professional, Dynamic Asset Allocation. Asset allocation decisions are a team effort that take into consideration asset class valuations, volatility levels and underlying fundamentals to create appropriately balanced, high-conviction value portfolios. Depending on valuations and other factors, the investment team has the flexibility to adjust the allocation as necessary.
Popular Documents
Limited Offering of Class A1 Shares
Class A1 shares of this fund are only open to existing Class A1 shareholders. New investors may purchase Class A shares of the fund: TAGBX.
Fund changes
Effective October 1, 2025, Templeton Global Balanced Fund changed its name to Templeton Global Dynamic Income Fund and adopted a managed distribution policy. Please refer to the prospectus for more information.
Overview
Fund Facts
Fund description
The fund seeks both income and capital appreciation by investing in a diversified portfolio of global bonds and equities, and offers a dynamic, bottom-up allocation process. The fund normally invests at least 25% of its assets in fixed income securities and at least 25% of its assets in equity securities.
- Benchmark
- MSCI All Country World Index-NR
- Additional Benchmark
3 - JP Morgan Global Government Bond Index
- Additional Benchmark
3 - Blended 50% MSCI All Country World Index-NR + 50% JP Morgan Global Government Bond Index
- Fund Inception Date
- 07/01/2005
- Dividend Frequency, if any
- Monthly
- Number of Holdings
As of 11/30/2025 (Updated Monthly) - 148
Identifiers
- Ticker
- TINCX
- Fund Number
- 425
- CUSIP Code
- 88019R799
Average Annual Total Returns As of 11/30/2025
Class A1
- 15.31%1 Year
- 11.12%3 Years
- 3.81%5 Years
- 2.71%10 Years
- 4.68%Since Inception
07/01/2005
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 11/30/2025 - Market Value % of Equity (Updated Monthly)
Banks20.06% | |
AAA1.01% | |
Health Care Equipment & Services12.62% | |
A1.68% | |
Capital Goods11.59% | |
Technology Hardware & Equipment11.40% | |
BBB28.64% | |
Energy8.48% | |
BB30.89% | |
B32.64% | |
CCC4.89% | |
Not Rated0.45% | |
Not Applicable-0.19% |
Additional Fund Info
- Share Class Inception Date
- 07/01/2005
- Investment Style
- Balanced
- Lipper Classification
- Mixed-Asset Target Allocation Moderate Funds
- Morningstar Category
7 - Global Moderate Allocation
Manager and Commentary
About the Team
Templeton Global Investments
Templeton Global Investments combines extensive local presence and expertise with a flexible investment approach to give clients access to a broad set of global growth opportunities.
Templeton Global Macro
Templeton Global Macro is a pioneer in unconstratined global fixed income investing. The team combines qualitative macroeconomic analysis with quantitative tools, looking byeond traditional fixed income benchmarks, and aims to pinpoint the most attractive investment opportunities globally.
Templeton Global Investments
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Managed Fund Since 2023
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Managed Fund Since 2022
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Managed Fund Since 2022
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Managed Fund Since 2025
Latest Insights
December 4, 2025
December 4, 2025
November 6, 2025
November 6, 2025
Performance
Calendar Year Returns
As of 11/30/2025
Class A1 - With Sales Charge (POP) (%)
Class A1 - Without Sales Charge (NAV) (%)
MSCI All Country World Index-NR (%)
JP Morgan Global Government Bond Index (%)
Blended 50% MSCI All Country World Index-NR + 50% JP Morgan Global Government Bond Index (%)
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 7
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of11/30/2025 (Updated Monthly)
- Total Net Assets
- $312.43 Million
Positions
As of 11/30/2025 (Updated Monthly)
Number of Holdings
- Fund
- 148
- Benchmark
- 2,517
Portfolio Statistics
As of 11/30/2025 (Updated Monthly)
Price to Book
- Fund
- 1.70x
- Benchmark
- 3.59x
- Fund
- 8.31 Years
- Benchmark
- —
- Fund
- 18.69x
- Benchmark
- 23.09x
- Fund
- 8.45x
- Benchmark
- 14.73x
- Fund
- 5.80 Years
- Benchmark
- —
Asset Allocation
As of 11/30/2025 - Market Value % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 53.93% |
Fixed Income | 37.07% |
Cash & Cash Equivalents | 9.00% |
Holdings
As of 10/31/2025 (Updated Monthly)
Cash and Cash Equivalents
India Government Bond 7.26% 08/22/2032
Republic Of Kenya Government International Bond 9.75% 02/16/2031 144A
Taiwan Semiconductor Manufacturing Co Ltd ORD TWD10
BP PLC ORD GBP.25
Franklin Institutional U.S. Government Money Market Fund OEMF-SWEEP MONEY MARKET PORTFOLIO
Colombian TES 9.25% 05/28/2042
KeyCorp COM USD1
Uruguay Government International Bond 3.875% 07/02/2040 INDEX LINKED URUIURUI Index
Imperial Brands PLC ORD GBP.1
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- September, December
Rates and Yields
Distribution Rate & Breakpoints
Less than $100,000 5.13%
$100,000 - $249,999 5.14%
$250,000 - $499,999 5.19%
Distribution Rate
At Net Asset Value (NAV)
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/24/2025
11/21/2025
10/27/2025
09/19/2025
06/18/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 12/11/2025 (Updated Daily)
Daily Fund Prices and Breakpoints
As of 12/11/2025
Share Prices
As of 12/11/2025
POP and Sales Charge at Breakpoints
Less than $100,000
$100,000 - $249,999
$250,000 - $499,999
52-Week Range
- Highest NAV
As of 12/11/2025 - $2.91
- Lowest NAV
As of 04/08/2025 - $2.31
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Templeton Global Dynamic Income Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Templeton Global Dynamic Income Fund - Class A1 | |||
| Annual Financial Statements and Other Information - Templeton Global Dynamic Income Fund | |||
| Semi-Annual Report - Templeton Global Dynamic Income Fund - Class A1 | |||
| Semi-Annual Financial Statements and Other Information - Templeton Global Dynamic Income Fund | |||
| Prospectus - Templeton Global Dynamic Income Fund | |||
| Summary Prospectus - Templeton Global Dynamic Income Fund | |||
| Statement of Additional Information - Templeton Global Dynamic Income Fund | |||
| Fiscal Q1 Holdings - Templeton Global Dynamic Income Fund | |||
| Fiscal Q3 Holdings - Templeton Global Dynamic Income Fund |
Risks
All investments involve risks, including possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Equity securities are subject to price fluctuation and possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Investments in equity-linked notes often have risks similar to their underlying securities, which could include management risk, market risk and, as applicable, foreign securities and currency risks. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Managed Distribution Policy Risks - The fund is not guaranteed to achieve its investment goal nor is there any guarantee that the fund will provide sufficient income at or through the investor's retirement. In addition, some of its distributions may be treated in part as a return of capital, which will decrease shareholders' cost basis in the fund and affect the amount of any capital gain or loss that they realize when selling or exchanging fund shares. The annual payout rate may be adjusted higher or lower from year to year and could vary substantially over time. It is possible for the fund to suffer substantial investment losses and simultaneously experience additional asset reductions as a result of its distributions to shareholders under the managed distribution policy. Investors who hold the fund within a tax-advantaged retirement account should consult their tax professionals to discuss tax consequences of receiving cash distributions. In addition, use of the fund or election of the option to receive distribution payments in cash may be restricted in certain retirement plans by the terms of the governing plan documents and/or the discretion of the plan administrator. Investors are strongly advised to consult with their financial professional for assistance before selecting the appropriate fund, based on their goals and personal situations, including time horizon, retirement income needs, risk tolerance, and tax bracket.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The MSCI All Country World Index is a market capitalization-weighted index that is designed to measure equity market performance of developed and emerging markets.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.
The JP Morgan Global Government Bond Index is a market value weighted fixed income index comprised of government bonds in developed countries.
Source: JP Morgan.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.