Morningstar

Franklin Low Duration Total Return Fund Class R FLDRX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.90  /  −0.11 %
  • Total Assets 1.8B
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.910%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.99%
  • Effective Duration 1.90 years

USD | NAV as of Jul 10, 2026 | 1-Day Return as of Jul 10, 2026, 11:26 PM GMT+0

Morningstar’s Analysis FLDRX

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

  • People Pillar

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

This fund's intrepid choices warrant caution.

Senior Principal Eric Jacobson

Eric Jacobson

Senior Principal

Summary

As a short-term bond fund, Franklin Low Duration Total Return’s history of outsize risks limits our conviction.

by Eric Jacobson
Rated on Published on

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Portfolio Holdings FLDRX

More FLDRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 43.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Sept 26

27.83 516M
Government

ICE, Index Swap, 1.000%, 6/20/31 CDX.NA.IG.46 1.0% 2031-06-20

7.45 138M
Derivative

United States Treasury Notes 4.625%

5.01 93M
Government

Franklin Instl U.S. Govt Mny Mkt Fund

3.61 67M
Cash and Equivalents

United States Treasury Notes 4.625%

3.22 60M
Government

United States Treasury Notes 4%

2.97 55M
Government

United States Treasury Notes 4.25%

2.89 54M
Government

United States Treasury Notes 2.875%

1.89 35M
Government

United States Treasury Notes 0.625%

1.63 30M
Government

RR 14 Limited 5.05471%

1.27 24M
Securitized

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