Morningstar

Franklin U.S. Government Securities Fund Class C FRUGX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return$4.88  /  −0.20%
  • Fund Size$1.8B
  • Adjusted Expense Ratio1.260%
  • Net Expense Ratio1.250%
  • Fee Level: DistributionLow
  • Share Class TypeLevel Load
  • Morningstar CategoryGovernment Mortgage-Backed Bond
  • Fixed-Income Style Box (Funds)High/Moderate
  • Minimum Initial Investment$1,000
  • Investment StatusOpen
  • TTM Yield3.06%
  • Average Effective Duration5.38 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FRUGX

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

  • People Pillar

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

A straightforward Ginnie Mae MBS option.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Franklin US Government Securities’ team leverages deep securitized-debt expertise and a range of mortgage models to uncover mispriced structures, though its strict GNMA mandate narrows the opportunity set compared with more diversified peers.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings FRUGX

More FRUGX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings38.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 2.5%

7.09128M
Securitized

Government National Mortgage Association 2%

5.2896M
Securitized

Government National Mortgage Association 3.5%

4.6083M
Securitized

Government National Mortgage Association 5%

4.1575M
Securitized

Government National Mortgage Association 3%

3.5063M
Securitized

Government National Mortgage Association 6%

3.0355M
Securitized

Government National Mortgage Association 2.5%

2.8852M
Securitized

Government National Mortgage Association 2.5%

2.8652M
Securitized

Government National Mortgage Association 5.5%

2.8051M
Securitized

Government National Mortgage Association 2.5%

2.3843M
Securitized

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