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 C FCSCX
NAV / 1-Day Return
7.61
/
0.13
%
Total Assets
594.8 Mil
Adj. Expense Ratio
1.250%
Expense Ratio
1.250%
Fee Level
Average
Longest Manager Tenure
19.63
years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
1,000
Status
Open
TTM Yield
0.49%
Effective Duration
1.37
years
Morningstar’s Fund Analysis FCSCX
Will FCSCX 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 FCSCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FCSCX 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 FCSCX’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.
