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Morningstar

Franklin Strategic Income A FRSTX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.12  /  +0.25 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.930%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.58%
  • Effective Duration 3.78 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:17 PM GMT+0

Morningstar’s Analysis FRSTX

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

  • People Pillar

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

Quantitative changes have not shown an enduring edge.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Franklin Strategic Income’s reshaped team continues incorporating more quantitative resources, but the strategy often takes risks that have not paid off versus its typical multisector bond Morningstar Category peer over the long haul.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings FRSTX

More FRSTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

5 Year Treasury Note Future June 24

5.05 134.2 Mil
Government

United States Treasury Notes 4%

3.18 84.4 Mil
Government

Government National Mortgage Association 2%

2.89 76.8 Mil
Securitized

10 Year Treasury Note Future June 24

2.86 76.0 Mil
Government

United States Treasury Notes 1.5%

2.44 64.9 Mil
Government

Federal Home Loan Mortgage Corp. 4.5%

2.04 54.2 Mil
Securitized

Federal National Mortgage Association 5.5%

1.94 51.6 Mil
Securitized

United States Treasury Notes 3.875%

1.64 43.6 Mil
Government

United States Treasury Notes 2.75%

1.40 37.2 Mil
Government

Franklin IFT Money Market

1.30 34.7 Mil
Cash and Equivalents