Morningstar

Franklin Total Return Fund Class R6 FRERX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.31  /  −0.12 %
  • Total Assets 2.7B
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.410%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1M
  • Status Limited
  • TTM Yield 4.65%
  • Effective Duration 5.79 years

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FRERX

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

  • People Pillar

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

Still working to set itself apart.

Senior Principal Eric Jacobson

Eric Jacobson

Senior Principal

Summary

Franklin Total Return has added resources and a more precise approach to allocation and risk measurement, but they have yet to help the fund stand out.

by Eric Jacobson
Rated on Published on

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Portfolio Holdings FRERX

More FRERX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin Instl U.S. Govt Mny Mkt Fund

9.17 260M
Cash and Equivalents

2 Year Treasury Note Future Sept 26

5.30 150M
Government

Federal National Mortgage Association 2%

3.62 103M
Securitized

Federal National Mortgage Association 2.5%

2.83 80M
Securitized

Ultra 10 Year US Treasury Note Future Sept 26

2.80 80M
Government

Federal National Mortgage Association 6%

2.52 72M
Securitized

Federal National Mortgage Association 6.5%

1.98 56M
Securitized

Federal National Mortgage Association 5%

1.91 54M
Securitized

Federal National Mortgage Association 4.5%

1.88 53M
Securitized

Federal National Mortgage Association 3%

1.65 47M
Securitized

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