Public Site >Sign In  | Register
My Cart
My Cart Summary
Mandatory items may have been added.


Franklin U.S. Government Securities Fund

Fund Category: Fixed IncomeGo to Prices & Performance page
showing this category of funds.

Share This Page
Symbol FKUSX
CUSIP 353 496 607
Fund Number 110
Inception Date1 May 31, 1970
Distributions Monthly
Total Net Assets
(all share classes)
As of 10/31/2015

As of  11/30/2015

NAV2 $6.37  
NAV Change -$0.01  
POP3 $6.65  
YTD Total Return at NAV 0.98%
Distribution Rate at NAV 3.20%
30-day Standardized Yield4 w/ Waiver w/o Waiver
As of 10/31/2015
(updated monthly)
2.16% 2.16%

Average Annual Total Returns
As of Quarter End 09/30/2015

w/ Sales Charge w/o Sales Charge
1 Yr -2.30% 2.07%
5 Yrs 1.54% 2.42%
10 Yrs 3.59% 4.04%
Life 6.32% 6.42%

Expense Ratio and Sales Charge As of 02/01/2015 (updated annually)

Gross Expense Ratio5 0.75%
Net Expense Ratio 0.75%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.15%

Fund Description

Strategy Statement
Portfolio Managers
Roger Bayston
"We have a straightforward, conservative investment philosophy, investing substantially all of the fund's assets in Ginnie Mae (GNMA) securities for high, current income potential."

Strategy, Benefits, Results


  • We follow a straightforward, disciplined investment strategy seeking income.
  • Since 1983, the fund has invested substantially all of its assets in Ginnie Maes.
  • The team has a collateral-intensive research process, focusing on areas such as individual security selection, coupon allocation and trading strategies.
  • We do not invest in derivatives or make speculative trades in an effort to boost the fund's yield.


  • High Credit Quality. GNMAs have historically offered higher yields than comparable U.S. Treasuries and are guaranteed by the U.S. government as to timely payment of principal and interest. i
  • Competitive Performance Track Record. Since inception, the fund's Class A shares posted competitive returns (without sales charge).
  • Experienced, Professional Management. Portfolio managers Roger Bayston and Paul Varunok have managed the fund since 1993 and 2006, respectively.
i. Securities owned by the fund, but not shares of the fund, are guaranteed by the U.S. government, its agencies or instrumentalities as to timely payment of principal and interest. The fund's yield and share price are not guaranteed and will fluctuate with market conditions.


Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • The fund’s share price and yield will be affected by interest rate movements and mortgage prepayments.
  • Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund’s share price may decline.
  • These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment


How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.

Important Legal Information


For US residents only.