Advertisement
Skip to Content
Morningstar

Franklin Low Duration Total Return A FLDAX

Morningstar Analyst Rating
Analyst rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.83  /  0.22 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.710%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.38%
  • Effective Duration 1.62 years

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:31 PM GMT+00:00

Morningstar’s Analysis FLDAX

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

People Pillar

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

Not worth the risk.

Associate Analyst

Summary

| by Elizabeth Templeton

Franklin Low Duration Total Return’s team and approach have seen changes in recent years, including incorporating more quantitative resources and inputs than many peers. These changes haven’t yet demonstrated their value though, and the strategy often takes outsize risks, especially for a short-term bond fund, that have not paid off over the long haul. It earns a Morningstar Analyst Rating of Neutral for its cheaper share classes and Negative for its pricier shares.

Unlock our full analysis with Morningstar Investor