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Franklin Strategic Mortgage A1 FSMIX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.52  /  −0.91 %
  • Total Assets 30.6 Mil
  • Adj. Expense Ratio
    0.760%
  • 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 3.24%
  • Effective Duration 5.97 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:00 AM GMT+0

Morningstar’s Analysis FSMIX

Will FSMIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

The combination of an Average People Pillar rating and a Low Process Pillar rating limit Franklin Strategic Mortgage A1 to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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Portfolio Holdings FSMIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 39.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

5 Year Treasury Note Future June 24

6.94 2.3 Mil
Government

Ultra 10 Year US Treasury Note Future June 24

5.25 1.7 Mil
Government

Fnma Pass-Thru I 4%

4.57 1.5 Mil
Securitized

United States Treasury Bills 0%

4.54 1.5 Mil
Government

Federal Home Loan Mortgage Corp. 2%

4.23 1.4 Mil
Securitized

US Treasury Bond Future June 24

4.06 1.3 Mil
Government

Federal National Mortgage Association 3%

3.39 1.1 Mil
Securitized

Federal Home Loan Mortgage Corp. 2%

2.85 933,814
Securitized

Government National Mortgage Association 2.5%

2.81 922,030
Securitized

Federal Home Loan Mortgage Corp. 2%

2.79 916,567
Securitized