FBDAX Franklin Total Return Fund
- Diversification. Broad diversification makes our fund attractive as a core fixed-income holding.
- Global Fixed Income Expertise. Investors have full access to the research resources of the Franklin Templeton Fixed Income Group®.
- Experienced Portfolio Management Team. Tenured investment team with expertise across market cycles.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks to provide high current income consistent with preservation of capital. Capital appreciation over the long term is a secondary goal. The fund primarily invests in debt securities, which may be represented by derivatives that provide exposure to debt securities. The fund focuses on government and corporate debt securities and mortgage- and asset-backed securities.
- Benchmark
- Bloomberg U.S. Aggregate Index
- Dividend Frequency, if any
- Monthly
- Fund Inception Date
- 08/03/1998
- Distribution Rate at NAV
As of 05/29/2026 (Updated Daily) - 4.63%
- 30-Day SEC Yield—With Waiver
As of 04/30/2026 (Updated Monthly) - 4.46%
- 30-Day SEC Yield—Without Waiver
As of 04/30/2026 (Updated Monthly) - 4.27%
- Effective Duration
As of 04/30/2026 (Updated Monthly) - 5.80 Years
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 0.67%
- Net Expense Ratio
- 0.48%
- Maximum Initial Charge
- —
- CDSC
- N/A
- 12b-1 Fee
- N/A
Identifiers
- Ticker
- FBDAX
- Fund Number
- 660
- CUSIP Code
- 353612849
Top Sectors
As of 04/30/2026 - Notional Exposure % of Total (Updated Monthly)
Investment Grade Corporates42.64% | |
Agency Mortgage-Backed Securities33.18% | |
Interest Rate Derivatives12.27% | |
High Yield Corporates9.99% | |
U.S. Treasuries8.90% |
Additional Fund Info
- Share Class Inception Date
- 08/03/1998
- Investment Style
- Multi-Sector
- Lipper Classification
- Core Plus Bond Funds
- Morningstar Category
- Intermediate Core-Plus Bond
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-driven approach means maintaining portfolio and risk exposures that align with client expectations.
Commentary Highlights
March 31, 2026Access the latest commentary, performance review and market outlook in one place.
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April 29, 2026