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Morningstar

Franklin Strategic Income Adv FKSAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.32  /  +0.28 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.680%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 4.86%
  • Effective Duration 3.90 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FKSAX

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

  • People Pillar

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

Quantitative changes have not shown an enduring edge.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Franklin Strategic Income’s reshaped team continues incorporating more quantitative resources, but the strategy often takes risks that have not paid off versus its typical multisector bond Morningstar Category peer over the long haul.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings FKSAX

More FKSAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4%

3.29 85.1 Mil
Government

10 Year Treasury Note Future Sept 24

2.95 76.5 Mil
Government

Federal National Mortgage Association 2%

2.93 76.0 Mil
Securitized

United States Treasury Notes 1.5%

2.53 65.6 Mil
Government

Federal Home Loan Mortgage Corp. 4.5%

2.04 52.8 Mil
Securitized

Federal National Mortgage Association 5.5%

1.97 51.2 Mil
Securitized

United States Treasury Notes 3.875%

1.66 43.0 Mil
Government

5 Year Treasury Note Future Sept 24

1.53 39.7 Mil
Government

United States Treasury Notes 2.75%

1.45 37.5 Mil
Government

United States Treasury Notes 0.625%

1.33 34.6 Mil
Government