Franklin Adjustable U.S. Government Securities’ recently modified team employs an undifferentiated approach within its narrow mandate that has delivered lackluster results over the long term. Above-average fees contribute to a Morningstar Analyst Rating of Neutral across the strategy’s cheaper share classes, while its most expensive share class is rated Negative.
Will FISAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FISAX’s parent organization’s priorities and whether they’re in line with investors’ interests.