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Morningstar

Franklin Strategic Income R FKSRX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.91  /  0.13 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    1.180%
  • Expense Ratio 1.180%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Medium
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.59%
  • Effective Duration 3.96 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 11:56 PM GMT+0

Morningstar’s Analysis FKSRX

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

People Pillar

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

New managers, same process.

Associate Analyst Elizabeth Templeton

Elizabeth Templeton

Associate Analyst

Summary

Franklin Strategic Income’s team and approach has seen some changes in recent years, including incorporating more quantitative resources. These changes haven’t yet demonstrated their value, though, and the strategy often takes risks that have not paid off over the long haul. It earns a Morningstar Analyst Rating of Neutral for all share classes.

by Elizabeth Templeton
Rated on Published on

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Portfolio Holdings FKSRX

More FKSRX Holdings
  • Current Portfolio Date
  • Equity Holdings 6
  • Bond Holdings 551
  • Other Holdings 38
  • % Assets in Top 10 Holdings 27.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Future on 2 Year Treasury Note

8.73
240,498,186
Government

Franklin Floating Rate A Usd Acc

3.95
108,903,765
—

Future on 10 Year Treasury Note

2.94
80,947,298
Government

United States Treasury Notes 1.5%

2.30
63,477,585
Government

United States Treasury Notes 4.25%

2.28
62,817,876
Government

Cash - Currency

2.28
62,700,688
Cash and Equivalents

Federal Home Loan Mortgage Corporation 4.5%

2.03
55,836,311
Securitized

United States Treasury Notes 4.125%

1.65
45,369,717
Government

United States Treasury Notes 2.125%

1.35
37,062,155
Government

United States Treasury Notes 2%

1.34
36,811,612
Government