3 / 5 Stars
4 4 5 1 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#38 in Short-Term Bond
U.S. News evaluated 113 Short-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 1.32 percent over the past year, 1.85 percent over the past three years, and 4.31 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||1.0%|
|3 Years (Annualized)||1.9%|
|5 Years (Annualized)||4.3%|
|10 Years (Annualized)||N/A|
The investment seeks a high level of current income while preserving of capital. The fund invests primarily in investment grade debt securities and investments, including government and corporate debt securities, mortgage- and asset-backed securities, investment grade corporate loans, municipal securities and futures with reference securities that are investment grade, targeting an estimated average portfolio duration of three years or less. It may also invest up to 20% of its total assets in non-investment grade debt securities. The fund may invest up to 25% of its total assets in foreign securities.
Fees are Low compared to funds in the same category.
Franklin Low Duration Total Return Fund has an expense ratio of 0.89 percent.
Risk is Average compared to funds in the same category according to Morningstar.