Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Franklin Strategic Mortgage A FSMFX
- NAV / 1-Day Return 7.50 / −0.52 %
- Total Assets 30.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.010%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Intermediate Core-Plus Bond
- Credit Quality / Interest Rate Sensitivity High/Moderate
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 2.99%
- Effective Duration 5.97 years
USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0
Morningstar’s Analysis FSMFX
Will FSMFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 40.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
5 Year Treasury Note Future June 24 | 7.39 | 2.3 Mil | Government |
Fnma Pass-Thru I 4% | 4.85 | 1.5 Mil | Securitized |
Ultra 10 Year US Treasury Note Future June 24 | 4.50 | 1.4 Mil | Government |
Federal Home Loan Mortgage Corp. 2% | 4.49 | 1.4 Mil | Securitized |
Franklin IFT Money Market | 4.23 | 1.3 Mil | Cash and Equivalents |
Federal National Mortgage Association 3% | 3.61 | 1.1 Mil | Securitized |
US Treasury Bond Future June 24 | 3.60 | 1.1 Mil | Government |
Government National Mortgage Association 2.5% | 2.98 | 920,960 | Securitized |
Federal Home Loan Mortgage Corp. 2% | 2.97 | 919,130 | Securitized |
Federal National Mortgage Association 2% | 2.91 | 898,255 | Securitized |