Franklin Adjustable U.S. Government Securities’ employs an undifferentiated approach that is constrained by its narrow focus. The strategy’s cheapest share class earns a Morningstar Analyst Rating of Neutral, while its more expensive share classes earn a Negative rating.
Franklin Adjustable US Govt Secs Adv FAUZX
NAV / 1-Day Return
7.82
/
0.01
%
Total Assets
632.3 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.730%
Expense Ratio
0.730%
Fee Level
High
Longest Manager Tenure
19.06
years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
100,000
Status
Open
TTM Yield
1.16%
Effective Duration
1.21
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FAUZX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FAUZX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FAUZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FAUZX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Turnover subsided in 2020, but this strategy’s narrow focus impedes its ability to edge out peers.
