FLDAX: Franklin Low Duration Total Return A

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FLDAX Franklin Low Duration Total Return A

  • Fund
  • FLDAX
  • Price as of: Jan 17, 2020
  • $9.66
    + $0.01 + 0.10%

Profile

FLDAX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return -0.5%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $3.4 B
  • Holdings in Top 10 40.2%

52 WEEK LOW AND HIGH

$9.66
$9.59
$9.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.94%

SALES FEES

  • Front Load 2.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 51.93%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.99%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Low Duration Total Return Fund Class A
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Nov 17, 2004
  • Shares Outstanding
    173704988
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kent Burns

Fund Description

The fund invests primarily in debt securities, which may be represented by derivative investments that provide exposure to debt securities such as futures, options and swap agreements. It may also invest up to 20% of its total assets in non-investment grade securities, including up to 5% in securities rated lower than B- by S&P or Moody's, which may include defaulted securities.


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Categories

Performance

FLDAX - Performance

Return Ranking - Trailing

Period FLDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -0.8% 0.7% 9.76%
1 Yr 0.7% -6.6% 6.7% 88.39%
3 Yr -0.5%* -3.8% 3.8% 94.53%
5 Yr -0.7%* -20.2% 3.3% 90.83%
10 Yr -0.6%* -10.3% 2.7% 90.12%

* Annualized

Return Ranking - Calendar

Period FLDAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.9% -6.6% 4.9% 83.23%
2018 -2.4% -4.1% 1.0% 82.09%
2017 -0.6% -0.7% 2.8% 98.44%
2016 0.9% -65.8% 7.1% 29.03%
2015 -2.6% -6.6% 3.0% 78.99%

Total Return Ranking - Trailing

Period FLDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -0.8% 0.7% 9.76%
1 Yr 0.7% -6.6% 6.7% 88.39%
3 Yr -0.5%* -3.8% 3.8% 94.53%
5 Yr -0.6%* -18.6% 3.3% 92.50%
10 Yr -0.4%* -8.7% 2.9% 86.42%

* Annualized

Total Return Ranking - Calendar

Period FLDAX Return Category Return Low Category Return High Rank in Category (%)
2019 0.9% -6.6% 4.9% 83.23%
2018 -2.4% -4.1% 3.2% 86.57%
2017 -0.6% -0.7% 4.7% 98.44%
2016 0.9% -65.2% 8.4% 41.13%
2015 -2.2% -5.3% 3.1% 81.51%

NAV & Total Return History


Holdings

FLDAX - Holdings

Concentration Analysis

FLDAX Category Low Category High FLDAX % Rank
Net Assets 3.4 B 272 K 62.1 B 23.78%
Number of Holdings 894 7 2023 14.20%
Net Assets in Top 10 959 M -5.43 M 5.5 B 17.28%
Weighting of Top 10 40.15% 6.6% 140.4% 19.75%

Top 10 Holdings

  1. Future on US 2 Year Note (CBT) 20.97%
  2. Future on US 10 Year Note (CBT) 4.01%
  3. United States Treasury Notes 2.12% 3.97%
  4. Federal National Mortgage Association 2.5% 2.12%
  5. Aust 3yr Bond Fut Dec19 Dec 19 Future 1.92%
  6. United States Treasury Notes 2.12% 1.88%
  7. United States Treasury Notes 0.12% 1.36%
  8. Long-Term Euro-BTP Futures Dec19 1.35%
  9. United States Treasury Notes 2.25% 1.33%
  10. Can 10yr Bond Fut Mar20 Mar 20 Future 1.25%

Asset Allocation

Weighting Return Low Return High FLDAX % Rank
Bonds
113.74% 22.39% 137.59% 14.81%
Other
0.64% -0.12% 13.17% 11.11%
Convertible Bonds
0.49% 0.00% 4.79% 80.25%
Stocks
0.01% 0.00% 8.19% 12.35%
Preferred Stocks
0.00% 0.00% 35.55% 65.43%
Cash
-14.89% -50.76% 77.61% 87.04%

Stock Sector Breakdown

Weighting Return Low Return High FLDAX % Rank
Utilities
0.00% 0.00% 3.59% 52.78%
Technology
0.00% 0.00% 23.38% 54.17%
Real Estate
0.00% 0.00% 62.59% 52.78%
Industrials
0.00% 0.00% 100.00% 58.33%
Healthcare
0.00% 0.00% 18.65% 58.33%
Financial Services
0.00% 0.00% 32.86% 56.94%
Energy
0.00% 0.00% 100.00% 55.56%
Communication Services
0.00% 0.00% 31.51% 51.39%
Consumer Defense
0.00% 0.00% 19.85% 52.78%
Consumer Cyclical
0.00% 0.00% 100.00% 59.72%
Basic Materials
0.00% 0.00% 14.78% 55.56%

Stock Geographic Breakdown

Weighting Return Low Return High FLDAX % Rank
US
0.01% 0.00% 7.94% 11.11%
Non US
0.00% -1.23% 0.25% 61.11%

Bond Sector Breakdown

Weighting Return Low Return High FLDAX % Rank
Securitized
35.77% 0.00% 68.70% 26.54%
Government
30.16% -3.22% 57.42% 14.20%
Corporate
14.86% 2.58% 96.07% 91.36%
Derivative
9.03% -0.09% 21.46% 17.28%
Cash & Equivalents
8.36% 0.00% 77.61% 40.12%
Municipal
1.81% 0.00% 13.57% 13.58%

Bond Geographic Breakdown

Weighting Return Low Return High FLDAX % Rank
US
85.94% 0.00% 137.59% 23.46%
Non US
27.80% 0.00% 84.14% 10.49%

Expenses

FLDAX - Expenses

Operational Fees

FLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.02% 83.41% 46.20%
Management Fee 0.50% 0.00% 1.19% 75.61%
12b-1 Fee 0.25% 0.00% 1.00% 39.29%
Administrative Fee 0.15% 0.05% 0.41% 55.17%

Sales Fees

FLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.75% 5.75% 68.00%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.93% 0.00% 573.00% 34.00%

Distributions

FLDAX - Distributions

Dividend Yield Analysis

FLDAX Category Low Category High FLDAX % Rank
Dividend Yield 0.75% 0.00% 1.93% 31.10%

Dividend Distribution Analysis

FLDAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLDAX Category Low Category High FLDAX % Rank
Net Income Ratio 2.99% -2.82% 3.78% 18.35%

Capital Gain Distribution Analysis

FLDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

FLDAX - Fund Manager Analysis

Managers

Kent Burns


Start Date

Tenure

Tenure Rank

Nov 17, 2004

15.13

15.1%

Kent Burns, CFA, is a senior vice president and portfolio manager for the Franklin Templeton Fixed Income Group. He specializes in U.S. multi-sector fixed income strategies and government-related bonds. Mr. Burns joined Franklin Templeton Investments in 1994. He holds a B.A. in quantitative economics and decision science from University of California at San Diego, and a master's degree in economic theory from University of California at Santa Barbara. He is a Chartered Financial Analyst (CFA) charterholder and teaches review programs for CFA candidates. He is a member of the CFA Institute and the CFA Society of San Francisco.

David Yuen


Start Date

Tenure

Tenure Rank

Mar 01, 2016

3.84

3.8%

David Yuen joined Franklin Templeton Investments in 2000.He was appointed Chief Investment Officer of Global Long/Short Absolute Return Strategy in 2010. Previously, he was co-CIO of US Large Cap Value Equities and CIO of the Advanced Value Fund (since 2009), as well as director of research for US Large Cap Value (since early 2008). Yuen had been the director of research for Emerging Markets Value since August 2002. He joined Bernstein in 1998 as a research analyst, covering the global retailing industry, and became a senior research analyst in 1999, covering retail, textile & apparel, gaming & lodging, and consumer appliances. Prior to joining Bernstein, Yuen worked as a senior vice president of The Coleman Company from 1994 to 1998. From 1988 to 1994, he was a consultant, then partner, at WKI, a management-consulting firm specializing in emerging-market strategies. Prior to that, Yuen was a consultant with Bain & Company. He received a BS in operations research from Columbia University’s School of Engineering in 1986. Location: New York

Sonal Desai


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.0

1.0%

Sonal Desai, PhD, EVP, is Franklin Templeton Fixed Income Group’s Chief Investment Officer, a portfolio manager for several fixed income funds and a member of the firm's executive committee. Dr. Desai started her career in 1994 as a university academic, followed by six years at the International Monetary Fund after which she joined the private sector. She started working at Franklin Templeton in 2009. She holds a PhD(Econ) from Northwestern Univ. and a BA(Econ) from Delhi Univ.

Tina Chou


Start Date

Tenure

Tenure Rank

Oct 15, 2019

0.21

0.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 23.58 5.2 2.91