Morningstar Fund Report  | 14/04/2025Print

Franklin U.S. Government Fund A(acc)USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Franklin U.S. Government Fund A(acc)USD
Fund-1.80.8-2.31.8-0.2
+/-Cat-0.31.4-0.31.0-0.5
+/-B’mrk---0.4-0.80.0
 
Category: USD Government Bond
Category Benchmark: Morningstar US Govt Bd TR USD
Key Stats
NAV
11/04/2025		 USD 10.79
Day Change -0.92%
Morningstar Category™ USD Government Bond
ISIN LU0543330301
Fund Size (Mil)
31/03/2025		 USD 733.33
Share Class Size (Mil)
11/04/2025		 USD 75.08
Max Initial Charge 5.00%
Ongoing Charge
12/02/2025		  1.01%
Investment Objective: Franklin U.S. Government Fund A(acc)USD
The Fund’s investment objective is income and safety of principal.
Returns
Trailing Returns (GBP)11/04/2025
YTD-3.01
3 Years Annualised-0.23
5 Years Annualised-2.78
10 Years Annualised0.95
12 Month Yield 0.00
Management
Manager Name
Start Date
Michael Salm
30/09/2024
Jatin Misra
30/09/2024
Click here to see others
Inception Date
30/09/2010

Category Benchmark
Fund BenchmarkMorningstar Benchmark
Bloomberg US Govt Interm TR USDMorningstar US Govt Bd TR USD
Portfolio Profile for  Franklin U.S. Government Fund A(acc)USD31/03/2025
Fixed Income
Effective Maturity7.86
Effective Duration6.43
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond93.920.0093.92
Property0.000.000.00
Cash6.080.006.08
Other0.000.000.00
Growth Of 1000 (GBP) 31/03/2025
Fund:  Franklin U.S. Government Fund A(acc)USD
Category:  USD Government Bond
Category Index:  Morningstar US Govt Bd TR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return6.020.87-0.39-1.800.77-2.341.79-0.15
+/- Category-0.31-1.71-4.37-0.261.35-0.340.95-0.47
+/- Category Index------0.37-0.78-0.02
% Rank in Category7475876142625767
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.92   0.240.06
1 Week-3.59   -0.17-0.38
1 Month-2.03   -0.04-0.47
3 Months-4.03   0.28-0.03
6 Months-0.61   -0.25-0.80
YTD-3.01   -0.12-0.50
1 Year0.25   -0.09-0.70
3 Years Annualised-0.23   -0.18-0.53
5 Years Annualised-2.78   0.050.03
10 Years Annualised0.95   -0.49-1.08
 
Category: USD Government Bond
Category Index: Morningstar US Govt Bd TR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.15---
2024-0.32-0.26-1.193.61
2023-0.64-3.580.071.85
2022-1.334.793.39-5.74
2021-2.01-0.552.19-1.39
20209.710.52-4.75-5.18
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAbove AverageAverage4 star
10-YearBelow AverageLow2 star
OverallAverageBelow Average3 star
 
Category :  USD Government BondClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev5.61 %
3-Yr Mean Return0.60 %
 
3-Yr Sharpe Ratio-0.59
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar US Govt Bd TR USD  Morningstar US Core Bd TR USD
3-Yr Beta1.161.00
3-Yr Alpha0.58-0.70
 
Fixed Income Style31/01/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)USD 740
Maturity Distribution %
1 to 30.01
3 to 50.03
5 to 70.28
7 to 100.79
10 to 153.97
15 to 2012.57
20 to 3082.34
Over 300.00
Effective Maturity7.86
Effective Duration6.43
Credit Quality Breakdown %     %
AAA0.00   BB0.00
AA100.15   B0.00
A0.00   Below B0.00
BBB0.00   Not Rated-0.15
 
Category: USD Government Bond
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond93.920.0093.92
Property0.000.000.00
Cash6.080.006.08
Other0.000.000.00
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings546
Assets in Top 10 Holdings32.69
NameSectorCountry% of Assets
Government National Mortgage AssociationUnited States5.56
Government National Mortgage AssociationUnited States4.21
Government National Mortgage AssociationUnited States3.62
Government National Mortgage AssociationUnited States3.51
Government National Mortgage AssociationUnited States3.02
Government National Mortgage AssociationUnited States2.89
Government National Mortgage AssociationUnited States2.70
Government National Mortgage AssociationUnited States2.65
Government National Mortgage AssociationUnited States2.31
Government National Mortgage AssociationUnited States2.22
 
Increase Decrease New since last portfolio
Category: USD Government Bond
 
Management
Name of CompanyFranklin Templeton International Services S.à r.l.
Phone+352 46 66 67 212
Websitewww.franklintempleton.lu
Address8A, rue Albert Borschette
 Luxembourg   L-1246
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date30/09/2010
Fund Advisor(s)
Franklin Advisers, Inc.
Fund ManagerMichael Salm
Manager Start Date30/09/2024
Career Start Year1989
Education
1987, Cornell University, B.S.
 
Biography
Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.
Fund ManagerJatin Misra
Manager Start Date30/09/2024
 
Biography
Jatin Misra is Portfolio Manager. Previously served as Analyst and Quantitative Analyst. Joined Putnam Management since 2004.
Fund ManagerNeil Dhruv
Manager Start Date20/12/2019
 
Biography
Portfolio Manager of FT Institutional and portfolio manager of FRANKLIN STRATEGIC MORTGAGE PORTFOLIO since October 2019.
Fund ManagerPaul Varunok
Manager Start Date01/01/2003
 
Biography
Mr. Varunok is portfolio manager of Franklin Advisers. He joined Franklin Templeton Investments in 2001. Previously, Varunok was a fixed-income analyst for Prudential Securities, Inc.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.70%
Ongoing Charge1.01%
Purchase Details
Minimum Investments
Initial1000  USD
Additional1000  USD
Savings-
Tax Free Savings Schemes
ISAsYes