Franklin K2 Cat Bond UCITS Fund

Investment Objective

The investment objective of the Franklin K2 Cat Bond fund is to generate attractive risk-adjusted returns and compelling current income over time with limited correlation to other asset classes through investment in a portfolio of natural catastrophe bonds.

Latest Meeting Note

Meeting 02 Feb 2022

The Franklin K2 Cat Bond fund aims to generate attractive risk-adjusted returns and income, while exhibiting limited correlation to other asset classes by investing in a portfolio of natural catastrophe bonds. The portfolio is constructe... Read more

The Franklin K2 Cat Bond fund aims to generate attractive risk-adjusted returns and income, while exhibiting limited correlation to other asset classes by investing in a portfolio of natural catastrophe bonds. The portfolio is constructed via a systematic, proprietary rules-based process that narrows the universe of catastrophe bonds through a screening and scoring process. The initial screen excludes catastrophe bonds based on criteria such as yield, maturity and structural considerations with the remaining bonds scored on multiple factors (issuance terms, bond characteristics, pricing, risk modelling). Further, the process can be adaptive to structural changes that occur in the catastrophe bond market. Bonds that score within the top ranking will be included in the investable portfolio with portfolio weights determined by the relative scoring of each remaining bond.

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2023 0.4 0.9 0.4 0.9 0.0 0.1 0.5 0.4 0.0 0.1 0.3 0.3 0.6
2022 0.7 0.8 1.0 0.5 0.0 0.2 0.4 0.1 0.7 0.1 1.0 0.1 0.6

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