Morningstar

Franklin Low Duration Total Return Fund Class C FLDCX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $8.75  /  −0.11 %
  • Fund Size $1.8B
  • Adjusted Expense Ratio 1.100%
  • Net Expense Ratio 1.060%
  • Fee Level: Distribution Below Average
  • Share Class Type Level Load
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.91%
  • Average Effective Duration 2.12 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FLDCX

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

  • People Pillar

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

Risk timing, not appetite, remains this fund's hurdle.

Analyst Peter Como

Peter Como

Analyst

Summary

Navigating when to pull risk levers in this short-term bond fund has proved arduous for Franklin Low Duration Total Return and its UCITS sibling, Franklin US Low Duration.

by Peter Como
Rated on Published on

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Portfolio Holdings FLDCX

More FLDCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 59.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Dec 26

43.90 788M
Government

INTEREST RATE SWAP FIXED IRS PAY FIXED 4.3600% 12/16/28 USD Receive

12.01 216M
Government

ICE CDX.NA.IG.47 1.0% 2031-12-20

10.20 183M
Derivative

United States Treasury Notes 4.125%

5.09 91M
Government

INTEREST RATE SWAP FIXED IRS PAY FIXED 4.3600% 12/16/31 USD Receive

4.55 82M
Government

Franklin Instl U.S. Govt Mny Mkt Fund

4.46 80M
Cash and Equivalents

United States Treasury Notes 3.875%

3.52 63M
Government

United States Treasury Notes 4%

2.82 51M
Government

Franklin Ultra Short Bond ETF

2.05 37M
—

United States Treasury Notes 0.625%

1.70 31M
Government

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