Franklin Strategic Mortgage A1
Franklin Strategic Mortgage PortfolioOne Franklin ParkwaySan Mateo, CA 94403-1906
Map
Phone: 800-632-2301
| Category: | Intermediate-Term Bond | | Fund Family: | Franklin Templeton Investment Funds | | Net Assets: | 117.13M | | Year-to-Date Return: | 2.48% | | Yield: | 4.18% | | Morningstar Rating: |  | | Fund Inception Date: | Feb 1, 1993 |
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Roger Bayston
Lead Manager since Feb 1, 1993 | | | Roger Bayston, senior vice president, joined Franklin Templeton in 1991 and currently manages several fixed-income products and private accounts for Franklin Templeton Investments. Mr. Bayston has research and trading responsibility for government, mortgage, investment grade corporate, and asset-backed securities. In addition, he directs a staff responsible for risk management of Franklinâs bond portfolios. Prior to joining Franklin Templeton, Mr. Bayston managed portfolios of fixed-income securities for Bankers Trust Companyâs Investment Management Group. Mr. Bayston earned a B.S. from the University of Virginia and an M.B.A. from the University of California, Los Angeles. He is a member of the Security Analysts of San Francisco (SASF) and the CFA Institute. Mr. Bayston is a Chartered Financial Analyst (CFA) Charterholder. |
| Min Initial Investment: | 1,000 | | Min Initial Investment, IRA: | 250 | | Min Initial Investment, AIP: | 50 | | Min Subsequent Investment: | N/A | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks a high total return.
The fund normally invests at least 80% of its net assets in mortgage securities. It normally focuses its investments in mortgage pass-through securities, which are securities representing interests in "pools" of mortgage loans issued or guaranteed by the Government National Mortgage Association (Ginnie Mae), Fannie Mae, and Freddie Mac. The fund invests substantially in mortgage securities that are issued or guaranteed by the U.S. government, its agencies or instrumentalities. It may invest up to 20% of its assets in foreign securities. The fund may invest up to 33% of its gross assets in mortgage dollar rolls. |
| Last Dividend
(Apr 30, 2012)
:
| 0.03 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 23, 2012)
:
| 539.76% | | Average for Category: | 176.46% |
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| Expense | FSMIX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 0.65% | 0.92% | | Prospectus Net Expense Ratio: | 0.66% | N/A | | Prospectus Gross Expense Ratio: | 0.67% | N/A | | Max 12b1 Fee: | N/A | N/A | | Max Front End Sales Load: | 4.25% | 3.84% | | Max Deferred Sales Load:
| N/A | 2.25% | | 3 Yr Expense Projection*: | 629 | 420 | | 5 Yr Expense Projection*: | 781 | 650 | | 10 Yr Expense Projection*: | 1,223 | 1,314 |
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