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Morningstar

Franklin Low Duration US Govt Secs A FISAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.48  /  −0.12 %
  • Total Assets 424.9 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.00%
  • Effective Duration 1.04 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis FISAX

Will FISAX 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 FISAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

A broadened mandate here is not a cure-all.

Director Alec Lucas

Alec Lucas

Director

Summary

Rechristened in March 2023 to signify greater latitude to buy fixed-rate agency mortgage-backed securities, Franklin Low Duration U.S. Government Securities is more interesting, but its purview remains fairly narrow, its model unproven, and its fee hurdle lofty.

by Alec Lucas
Rated on Published on

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Portfolio Holdings FISAX

More FISAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 48.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future June 24

27.34 116.8 Mil
Government

Federal National Mortgage Association 4.6%

4.49 19.2 Mil
Securitized

Franklin IFT Money Market

3.63 15.5 Mil
Cash and Equivalents

United States Treasury Notes 2.25%

3.35 14.3 Mil
Government

Federal National Mortgage Association 5.5%

3.10 13.2 Mil
Securitized

United States Treasury Notes 2.375%

2.68 11.5 Mil
Government

Federal National Mortgage Association 4.669%

2.56 11.0 Mil
Securitized

Federal National Mortgage Association 5.53367%

2.47 10.5 Mil
Securitized

United States Treasury Notes 2.5%

2.29 9.8 Mil
Government

United States Treasury Notes 2%

2.28 9.8 Mil
Government