Morningstar

Franklin U.S. Government Securities Fund Class A FKFSX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $4.96  /  −0.20 %
  • Fund Size $1.8B
  • Adjusted Expense Ratio 0.860%
  • Net Expense Ratio 0.850%
  • Fee Level: Distribution Above Average
  • Share Class Type Front Load
  • Morningstar Category Government Mortgage-Backed Bond
  • Fixed-Income Style Box (Funds) High/Moderate
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.55%
  • Average Effective Duration 5.38 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FKFSX

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

  • People Pillar

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

A straightforward Ginnie Mae MBS option.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Franklin US Government Securities’ team leverages deep securitized-debt expertise and a range of mortgage models to uncover mispriced structures, though its strict GNMA mandate narrows the opportunity set compared with more diversified peers.

by Ken Noguchi
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FKFSX

More FKFSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 38.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 2.5%

7.09 128M
Securitized

Government National Mortgage Association 2%

5.28 96M
Securitized

Government National Mortgage Association 3.5%

4.60 83M
Securitized

Government National Mortgage Association 5%

4.15 75M
Securitized

Government National Mortgage Association 3%

3.50 63M
Securitized

Government National Mortgage Association 6%

3.03 55M
Securitized

Government National Mortgage Association 2.5%

2.88 52M
Securitized

Government National Mortgage Association 2.5%

2.86 52M
Securitized

Government National Mortgage Association 5.5%

2.80 51M
Securitized

Government National Mortgage Association 2.5%

2.38 43M
Securitized

Sponsor Center