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Managed Fund Since 2001
Fixed Income
TPINX Templeton Global Bond Fund
- Global Reach for Attractive Yield: The Fund takes an approach not constrained by its benchmark to pursue compelling yield opportunities across global sovereign bond markets while maintaining a limit on below investment grade exposure.
- Research-Driven Country and Currency Selection: High-conviction positioning informed by in-depth macroeconomic and country-specific research potentially delivers distinct sources of returns.
- A Differentiated Path to Portfolio Diversification: The Fund’s flexible mandate and differentiated investment process have historically resulted in low to moderate correlation with other asset classes, potentially adding to broader portfolio diversification.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks current income with capital appreciation and growth of income by investing at least 80% in bonds, which are predominately issued by governments, government-related entities and government agencies located around the world. The fund regularly enters into various currency-related and other transactions involving derivative instruments.
- Benchmark
- FTSE World Government Bond Index
- Dividend Frequency, if any
- Monthly
- Fund Inception Date
- 09/18/1986
- Distribution Rate at NAV
3 As of 02/06/2026 (Updated Daily) - 5.28%
- Effective Duration
As of 01/31/2026 (Updated Monthly) - 4.82 Years
Identifiers
- Ticker
- TPINX
- Fund Number
- 406
- CUSIP Code
- 880208103
Average Annual Total Returns As of 12/31/2025
Class A
- 12.40%1 Year
- 0.43%3 Years
- -2.02%5 Years
- -0.45%10 Years
- 5.46%Since Inception
09/18/1986
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 Asset Allocation
As of 12/31/2025 - Market Value % of Total (Updated Monthly)
Fixed Income82.89% | |
Cash & Cash Equivalents17.11% |
Additional Fund Info
- Share Class Inception Date
- 09/18/1986
- Investment Style
- N/A
- Lipper Classification
- Global Income Funds
- Morningstar Category
10 - Global Bond
Manager and Commentary
About the Team
Templeton Global Macro
Templeton Global Macro employs a research-intensive, high-conviction approach to investing in the global sovereign debt market. Blending rigorous country-by-country research and top-down macro analysis, the team seeks to identify the most compelling longer-term opportunities across interest-rates, currencies, and sovereign credit spreads.
Commentary Highlights
12/31/2025- Markets: Global growth data was largely mixed during the fourth quarter of 2025; third-quarter growth outcomes were strong in the United States, modest but stable in the euro area and negative in Japan, as the effects of earlier front-loading ahead of tariffs unwound. There was also some uncertainty over economic momentum in the United States as the government shutdown that lasted through October and continued into November affected data collection. Inflation outcomes remained mixed, with trends in developed markets somewhat higher, while emerging markets (EMs) saw sideways to lower moves. Global monetary policy largely seemed to be in the late stages of an easing cycle, with pauses and a slower rate-cutting pace becoming more common. The US Federal Reserve (Fed) delivered two 25 basis-point (bp) rate cuts over the quarter, bringing the fed funds target range to 3.50%–3.75%, though dissent over the moves among Fed members highlighted uncertainty over the outlook. Most developed market sovereign bond yields rose, while EM bonds showed mixed performance. The 10-year US Treasury note’s yield rose two bps to 4.17% over the quarter. The US dollar (USD) edged higher on average during the period, even as most developed market currencies, with the notable exception of the Japanese yen, appreciated against it.
- OverallContributors: Interest-rate strategies contributed to absolute fund performance during the quarter, as did sovereign credit exposures.
- OverallDetractors: Currency positions detracted from absolute fund results during the period.
- Outlook: We expect global growth to be weaker than we had expected prior to tariff imposition, but we anticipate a recession is likely to be avoided.
Franklin Templeton Fixed Income
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Managed Fund Since 2018
Latest Insights
January 29, 2026
January 8, 2026
October 3, 2025
August 5, 2025
Performance
Average Annual Total Returns
As of 12/31/2025
Selected Month December 2025
Class A - With Sales Charge (POP) (%)
Month End
As of 12/31/2025
Class A - Without Sales Charge (NAV) (%)
Month End
As of 12/31/2025
FTSE World Government Bond Index (%)
Month End
As of 12/31/2025
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.
For performance reporting purposes, the inception date for Classes A/A1, R, R6, Z, and Advisor Class shares of all Franklin Templeton Funds is the date of effectiveness of the fund's registration statement or the first day the fund commenced operations. For Class C shares, generally the inception date is the first day the fund commenced offering such shares. Exceptions: Templeton Global Balanced Fund Classes A and C use the inception date of the old Class A and C shares, renamed Class A1 and Class C1. For Franklin Mutual Series Funds and Franklin International Small Cap Growth Fund, the inception date for Classes A, C, R and R6 shares is the funds' oldest class', Z or Advisor, inception date. Franklin U.S. Government Money Fund Class R6 inception date is the first day it commenced offering such shares.
Ratings 13
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Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Net Assets
- $3.01 Billion
Positions
As of 12/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 80
- Benchmark
- 1,339
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Effective Duration
- Fund
- 5.02 Years
- Benchmark
- 6.67 Years
- Fund
- 6.59 Years
- Benchmark
- 8.40 Years
Asset Allocation
As of 12/31/2025 - Market Value % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Fixed Income | 82.89% |
Cash & Cash Equivalents | 17.11% |
Holdings
As of 12/31/2025 (Updated Monthly)
Franklin Institutional U.S. Government Money Market Fund OEMF-SWEEP MONEY MARKET PORTFOLIO
Malaysia Government Bond 3.899% 11/16/2027
Brazil Notas Do Tesouro Nacional Serie F 9.919193% 1/01/2031 STATED RATE 10%
India Government Bond 7.26% 08/22/2032
Norway Government Bond 1.75% 02/17/2027 REG S
Queensland Treasury Corp 1.75% 07/20/2034 144A REG S
Brazil Notas do Tesouro Nacional Serie F 01/01/2029 STATED RATE 10%
Uruguay Government International Bond 3.875% 07/02/2040 INDEX LINKED URUIURUI Index
Treasury Corp Of Victoria 2% 11/20/2037
Republic of South Africa Government Bond 9.00% 01/31/2040
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 5.08%
$100,000 - $249,999 5.10%
$250,000 - $499,999 5.16%
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
01/26/2026
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 02/06/2026 (Updated Daily)
Daily Fund Prices and Breakpoints
As of 02/06/2026
Share Prices
As of 02/06/2026
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 01/29/2026 - $7.39
- Lowest NAV
As of 02/12/2025 - $6.64
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Templeton Global Bond Fund | |||
| Product Commentary - Templeton Global Bond Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Templeton Global Bond Fund - Class A | |||
| Annual Financial Statements and Other Information - Templeton Income Trust | |||
| Semi-Annual Report - Templeton Global Bond Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - Templeton Income Trust | |||
| Prospectus - Templeton Income Trust SAI | |||
| Summary Prospectus - Templeton Global Bond Fund | |||
| Statement of Additional Information - Templeton Income Trust SAI | |||
| Fiscal Q1 Holdings - Templeton Income Trust | |||
| Fiscal Q3 Holdings - Templeton Income Trust |
Risks
All investments involve risks, including possible loss of principal. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. 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. 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. 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. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. Active and frequent trading may increase a shareholder’s tax liability and transaction costs. 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.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
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.
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.
The FTSE World Government Bond Index ("WGBI") measures the performance of fixed-rate, local-currency, investment-grade sovereign bonds. The WGBI currently comprises sovereign debt from multiple countries, denominated in a variety of currencies. The WGBI provides a broad benchmark for the global sovereign fixed income market.
Source: FTSE.