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Franklin Limited Maturity U.S. Government Securities Fund

Fund Category: Fixed IncomeGo to Prices & Performance page
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Symbol FRGVX
CUSIP 353 612 203
Fund Number 136
Inception Date1 Apr 15, 1987
Distributions Monthly
Total Net Assets
(all share classes)
As of 03/31/2014

As of  04/17/2014

NAV2 $9.98  
NAV Change $0.00  
POP3 $10.21  
YTD Total Return at NAV 0.32%
Distribution Rate at NAV 1.75%
30-day Standardized Yield4,5
As of 03/31/2014 (updated monthly)

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr -2.27% -0.07%
5 Yrs 0.97% 1.43%
10 Yrs 2.35% 2.59%
Life 4.86% 4.95%

Expense Ratio and Sales Charge As of 03/01/2014 (updated annually)

Gross Expense Ratio6 0.79%
Net Expense Ratio 0.79%
Max Initial Sales Charge 2.25%
CDSC 0.00%
12b-1 Fee 0.10%

Fund Description10

Strategy Statement
Portfolio Managers
Kent Burns
"We adhere to a conservative strategy, primarily investing in short and intermediate-term U.S. government securities, with an emphasis on mortgage-backed securities."

Kent C. Burns, CFA®
Joined Franklin Templeton in 1994
Managed Fund since 2003

Strategy, Benefits, Results


  • The fund predominantly invests in short- and intermediate-term securities issued or guaranteed by the U.S. government, its agencies or instrumentalities. i.
  • The team analyzes key factors in making investment decisions, including interest rates, inflation and risk premiums.
  • The fund has a plain vanilla approach and does not invest in derivatives or make speculative trades in an effort to boost yield.

i. Some 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. Please see the fund’s prospectus for the level of credit support offered by  government agency or instrumentality issues.


  • Solid Performance. Since inception (4/15/87), the fund's Class A shares posted positive returns (without sales charge) in all but one calendar year.
  • Experienced, Professional Management. Portfolio managers Paul Varunok and Kent Burns have managed the fund since 2005 and 2003, respectively.


Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Interest rate movements, unscheduled mortgage prepayments and other risk factors will affect the fund’s share price and yield.
  • Bond prices, and thus a fund’s share price, generally move in the opposite direction of interest rates. Therefore, 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 risks are discussed in the fund’s prospectus.

Minimum Investment


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Important Legal Information


For U.S. residents only.