Morningstar

Franklin US Government Secs A1 FKUSX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 5.19  /  0.00
  • Total Assets 2.4 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.19%
  • Effective Duration 5.54 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:09 PM GMT+0

Morningstar’s Analysis FKUSX

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

  • People Pillar

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

Straightforward GNMA fund, but it needs more consistency.

Associate Analyst Ken Noguchi

Ken Noguchi

Associate Analyst

Summary

Franklin US Government Securities’ managers demonstrate their securitized expertise and utilize various mortgage models to find mispriced structures in the narrow mandate, but this approach needs to show more effectiveness.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings FKUSX

More FKUSX Holdings
  • 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

Government National Mortgage Association

7.19 172.5 Mil
Securitized

Government National Mortgage Association

5.54 133.0 Mil
Securitized

Government National Mortgage Association

4.63 111.2 Mil
Securitized

Government National Mortgage Association

4.50 107.9 Mil
Securitized

Government National Mortgage Association

4.44 106.6 Mil
Securitized

Government National Mortgage Association

3.09 74.2 Mil
Securitized

Government National Mortgage Association

2.96 70.9 Mil
Securitized

Government National Mortgage Association

2.88 69.0 Mil
Securitized

Government National Mortgage Association

2.54 60.8 Mil
Securitized

Government National Mortgage Association

2.39 57.3 Mil
Securitized

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