Franklin Strategic Mortgage Portfolio

This fund or share class has been closed to new investors.

PRICE AND YTD RETURN As of 07/26/2016

NAV up $0.00 $9.56
POP $9.98
YTD Total return at Nav 2.88%
1 YEAR RETURN -0.58%
10 YEAR RETURN 4.34%


Investment Category Mortgage Backed Securities (MBS)
Distributions Monthly
CUSIP 354 71H 108
Fund Number 157
Inception Date Feb 01, 1993
Total Net Assets (all share classes) As of 06/30/2016 $113.3 (M)
Distribution Rate at NAV As of 07/26/2016 2.55%
30-Day Standardized yield As of 06/30/2016 (updated monthly)
w/ Waiver 1.83%
w/o Waiver 1.81%

SALES CHARGE, EXPENSES, & FEES As of 02/01/2016 (updated annually)

Gross Expense Ratio 0.76%
Net Expense Ratio 0.76%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.00%

Fund Description

The Fund will normally invest at least 80% of its net assets in mortgage securities.

Strategy Statement

"We strive to produce competitive total returns with reduced overall volatility, using our proprietary research and risk management models."

Roger Bayston, CFA®, MBA


Roger Bayston, CFA, MBA

Roger Bayston, CFA®, MBA

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 1993
Paul Varunok

Paul Varunok

  • Joined Franklin Templeton in 2001
  • Managed Fund Since 2001
David Yuen, CFA, MBA, FRM, CPA

David Yuen, CFA®, MBA, FRM, CPA

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 2005

Overall Morningstar Rating As of 06/30/2016

Rating Category: Intermediate-Term Bond

The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 06/30/2016

Years Ratings Funds
in category
2 Stars

Morningstar Style Box As of 03/31/2016

Strategy, Benefits, Results


  • We focus on the most attractive investments across the broad mortgage-related markets.i.
  • Our investments may include securities issued by government-sponsored entities such as Fannie Mae and Freddie Mac, as well as other types of mortgage securities, including securities that are not issued or guaranteed by the U.S. government and/or its agencies.ii.
  • We utilize the entire opportunity set of mortgage-backed securities and mortgage-related, asset-backed securities to offer shareholders access to the U.S. mortgage finance market, one of the largest capital markets in the world.


  • Investment Selection Flexibility. Ability to invest across the broad mortgage markets, focusing on the top investment ideas available within each sector.
  • Experienced, Professional Management. Portfolio manager Roger Bayston has managed the fund since inception, while Paul Varunok and David Yuen joined the team in 2001 and 2005, respectively.

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