Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Franklin Strategic Mortgage A1 FSMIX
- NAV / 1-Day Return 7.78 / +0.41 %
- Total Assets 29.2 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.760%
- Distribution Fee Level Average
- Share Class Type Front Load
- Category Intermediate Core-Plus Bond
- Credit Quality / Interest Rate Sensitivity High/Moderate
- Min. Initial Investment 1,000
- Status Limited
- TTM Yield 3.35%
- Effective Duration 6.18 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0
Morningstar’s Analysis FSMIX
Will FSMIX 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 32.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
5 Year Treasury Note Future Sept 24 | 6.70 | 2.0 Mil | Government |
Franklin IFT Money Market | 5.03 | 1.5 Mil | Cash and Equivalents |
Fnma Pass-Thru I 4% | 4.93 | 1.4 Mil | Securitized |
Federal Home Loan Mortgage Corp. 2% | 4.61 | 1.4 Mil | Securitized |
Government National Mortgage Association 6% | 4.49 | 1.3 Mil | Securitized |
Federal National Mortgage Association 3% | 3.70 | 1.1 Mil | Securitized |
Ultra 10 Year US Treasury Note Future Sept 24 | 3.57 | 1.0 Mil | Government |
Federal Home Loan Mortgage Corp. 2% | 3.05 | 894,560 | Securitized |
Government National Mortgage Association 2.5% | 3.03 | 888,573 | Securitized |
Federal National Mortgage Association 2% | 2.98 | 873,545 | Securitized |