Franklin Templeton announced on Oct. 31, 2025, that manager Paul Varunok will retire in March 2026, stepping down from his fund management duties by Dec. 31, 2025. This orderly transition doesn’t alter the strategy’s Average People and Process ratings or its Morningstar Medalist Ratings across share classes.
Franklin U.S. Government Securities Fund Class R6 FGORX
- NAV / 1-Day Return 5.16 / +0.19 %
- Total Assets 2.0B
-
Adj. Expense Ratio
0.520%
- Expense Ratio 0.510%
- Distribution Fee Level Above Average
- Share Class Type Retirement, Large
- Category Government Mortgage-Backed Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1M
- Status Open
- TTM Yield 3.68%
- Effective Duration 5.33 years
USD | NAV as of Jun 16, 2026 | 1-Day Return as of Jun 16, 2026, 12:11 AM GMT+0
Morningstar’s Analysis FGORX
Will FGORX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the FGORX 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 FGORX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 40.6
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Government National Mortgage Association 2.5% | 7.12 | 143M | Securitized |
Government National Mortgage Association 2% | 5.31 | 107M | Securitized |
Government National Mortgage Association 3.5% | 4.64 | 93M | Securitized |
Government National Mortgage Association 5% | 4.21 | 85M | Securitized |
Government National Mortgage Association 3% | 3.54 | 71M | Securitized |
Government National Mortgage Association 5.5% | 3.48 | 70M | Securitized |
Government National Mortgage Association 6% | 3.44 | 69M | Securitized |
Government National Mortgage Association 5.5% | 3.03 | 61M | Securitized |
Government National Mortgage Association 2.5% | 2.90 | 58M | Securitized |
Government National Mortgage Association 2.5% | 2.88 | 58M | Securitized |
United States