Skip to Content
Morningstar

Franklin Total Return R FTRRX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.83  /  0.60 %
  • Total Assets 3.2 Bil
  • Adj. Expense Ratio
    1.160%
  • Expense Ratio 1.160%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.22%
  • Effective Duration 6.41 years

USD | NAV as of Oct 03, 2023 | 1-Day Return as of Oct 03, 2023, 12:22 AM GMT+0

Morningstar’s Analysis FTRRX

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

People Pillar

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

Average setting in.

Associate Analyst Elizabeth Templeton

Elizabeth Templeton

Associate Analyst

Summary

Franklin Total Return’s team and approach has seen changes in recent years, including incorporating more quantitative resources and inputs than many peers. These changes haven’t yet demonstrated their value, though, and the strategy often takes outsize risks that have not paid off over the long haul. It earns a Morningstar Analyst Rating of Neutral for its cheaper share classes and Negative for its pricier ones.

by Elizabeth Templeton
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FTRRX

More FTRRX Holdings
  • Current Portfolio Date
  • Equity Holdings 2
  • Bond Holdings 523
  • Other Holdings 32
  • % Assets in Top 10 Holdings 48.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin Investment Grade Corporate ETF

10.12
336,312,460
—

Future on 5 Year Treasury Note

9.38
311,621,662
Government

Future on 2 Year Treasury Note

7.86
261,141,807
Government

United States Treasury Notes 2.75%

3.97
131,839,972
Government

Franklin IFT Money Market

3.96
131,708,099
Cash and Equivalents

United States Treasury Notes 0.375%

3.50
116,321,967
Government

Federal Home Loan Mortgage Corporation 4.5%

2.99
99,360,696
Securitized

United States Treasury Notes 0.25%

2.98
98,984,758
Government

Federal National Mortgage Association 5.5%

2.66
88,539,158
Securitized

United States Treasury Bonds 1.75%

2.58
85,624,957
Government