The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLRRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FLRRX 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 FLRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This fund's intrepid choices warrant caution.
Eric Jacobson
Senior Principal
Summary
As a short-term bond fund, Franklin Low Duration Total Return’s history of outsize risks limits our conviction.