Morningstar

Franklin Core Plus Bond Fund Class R6 FGKNX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.28  /  −0.36 %
  • Total Assets 2.8B
  • Adj. Expense Ratio
    0.370%
  • Expense Ratio 0.500%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 4.64%
  • Effective Duration 5.78 years

USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:22 AM GMT+0

Morningstar’s Analysis FGKNX

Will FGKNX outperform in the 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 FGKNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FGKNX 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 FGKNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Analyst Ratings Unchanged After Manager Swap on Franklin Core Plus Bond

null Max Curtin

Max Curtin

Analyst Note

On April 17, 2026, Franklin Templeton announced several portfolio manager departures as part of a series of voluntary retirement offers extended to eligible employees in February 2026. The program was offered to an undisclosed number of employees, including professionals from Franklin’s public markets investment groups, based on certain age and firm tenure criteria. Franklin communicated that the departures, which will occur on differing timelines depending on individual team needs, affect less than 5% of public markets investment professionals.

by Max Curtin
Published on

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Portfolio Holdings FGKNX

More FGKNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin Instl U.S. Govt Mny Mkt Fund

8.58 236M
Cash and Equivalents

United States Treasury Bonds 4.25%

4.38 120M
Government

Federal National Mortgage Association 2.5%

3.38 93M
Securitized

US Treasury Bond Future June 26

3.16 87M
Government

CREDIT DEFAULT INDEX CDX.NA.IG.46 1.0% 2031-06-20

3.05 84M
Derivative

Government National Mortgage Association 6%

3.02 83M
Securitized

Federal National Mortgage Association 5.5%

2.91 80M
Securitized

Federal National Mortgage Association 2%

2.70 74M
Securitized

2 Year Treasury Note Future June 26

2.38 66M
Government

United States Treasury Notes 1.875%

1.73 48M
Government

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