Franklin U.S. Government Securities’ recently modified team employs an undifferentiated approach within its narrow mandate that has delivered mediocre results over the long term. Above-average fees contribute to a Morningstar Analyst Rating of Neutral across the strategy’s cheaper share classes, while its most expensive share class earns a Negative rating.
Franklin US Government Secs Adv FUSAX
NAV / 1-Day Return
6.05
/
0.17
%
Total Assets
5.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.640%
Expense Ratio
0.640%
Fee Level
Above Average
Longest Manager Tenure
17.17
years
Category
Intermediate Government
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
100,000
Status
Open
TTM Yield
2.65%
Effective Duration
2.10
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FUSAX 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 FUSAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FUSAX 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 FUSAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A straightforward GNMA strategy.
