Key stats
About FRANKLIN BISSETT SHORT DURATION BD UNIT
Expense ratio
0.41%
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Inception date
Jul 8, 2019
The fund follows a fundamental analysis-driven approach, evaluating economic and financial factors to select Canadian fixed-income securities with shorter-term maturities. Specifically, it includes federal and provincial government bonds and corporate bonds, debentures, and short-term notes with durations of 3.5 years or less. The fund allocates in junk bonds capped at 25%. Furthermore, exposure extends globally, as the fund may invest up to 30% in debts denominated in foreign currencies, covering both developed and emerging markets. While its initial stance is against acquiring equity securities, the fund may hold them under specific circumstances such as bond offerings, convertible securities conversion, or financial restructuring. The fund also employs derivatives for various purposes, engages in short selling, and may invest in securities of other mutual funds and ETFs. The fund may adopt defensive positions by holding cash or money market instruments as needed.