FRRCX — Franklin Real Return Fund

FRRCX Fund Overview

FRRCX — Franklin Real Return Fund is a US mutual fund managed by Franklin Investors Securities Trust, categorised as Total Return Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Franklin Investors Securities Trust
• Category: Total Return Allocation
• Assets under management: $152.42M
• Ticker: FRRCX
• SEC CIK: 0000809707
• SEC series ID: S000006856
• Share class ID: C000073537

FRRCX Investment Objective and Strategy

Franklin Real Return Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Franklin Investors Securities Trust.

Investment objective

Total return that exceeds the rate of inflation over an economic cycle.

Principal investment strategy

"Under normal market conditions, the Fund seeks to allocate assets among investments to achieve the highest level of real return (total return less the rate of inflation) consistent with an acceptable level of risk. The Fund shifts its investments among the following general asset classes and at any given time may have a substantial amount of its assets in any one class: inflation-indexed securities issued by governments, corporations and municipal issuers; investment grade fixed-income securities issued by governments, corporations and municipal issuers; equity securities with high correlation to broad measures of inflation; and non-dollar denominated inflation-indexed securities. Under current market conditions, the Fund expects to invest primarily in U.S. dollar denominated inflation-indexed securities.

Inflation-indexed securities are fixed-income securities that are structured to provide protection against inflation. The value of the security's principal or the interest income paid on the security is adjusted to track changes in an official inflation measure. The U.S. Treasury uses the Consumer Price Index for Urban Consumers as the inflation measure. Inflation-indexed securities issued by a foreign government are generally adjusted to reflect a comparable inflation index, calculated by that government. The Fund invests primarily in investment grade debt securities; however, the Fund may invest up to 20% of its total assets in below investment grade debt securities. The Fund may also invest up to 25% of its total assets in foreign securities, including both securities denominated in foreign currencies and U.S.

dollar denominated securities of foreign issuers. Currently, the Fund does not intend to invest more than 10% of its total assets in foreign securities. A portion of the Fund's assets may be invested in exchange traded funds (ETFs). The Fund uses an active asset allocation strategy to try to achieve its goal of total return that exceeds the rate of inflation over an economic cycle by allocating its assets among securities in various market sectors based on the investment manager's assessment of changing economic, global market, industry, and issuer conditions. The investment manager uses a ""top-down"" analysis of macroeconomic trends combined with a ""bottom-up"" fundamental analysis of market sectors, industries, and issuers to try to take advantage of varying sector reactions to economic events.

The investment manager will evaluate country risk, business cycles, yield curves, and values between and within markets."

FRRCX Holdings

Top 10 holdings of Franklin Real Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all FRRCX holdings

FRRCX Portfolio Allocation

Asset-class allocation of Franklin Real Return Fund by percentage of net assets, from the latest SEC N-PORT filing.

FRRCX Costs and Fees

FRRCX costs about $129 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.29%
• Gross expense ratio: 1.59%
• Portfolio turnover: 28%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

FRRCX Cashflows

Over the 12 months to 2019-10, Franklin Real Return Fund had net outflows of $16.03M, from monthly SEC N-PORT filings.

FRRCX Debt Constituents

Largest debt holdings of Franklin Real Return Fund by percentage of net assets, from the latest SEC N-PORT filing.

FRRCX Prospectus and SEC Filings

Official Franklin Real Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-03-08
• Prospectus supplement (497) — filed 2019-04-03
• Prospectus supplement (497) — filed 2018-09-10
• Portfolio holdings (N-PORT) — filed 2019-12-27
• Annual census (N-CEN) — filed 2020-01-14
• Annual census, amended (N-CEN/A) — filed 2019-07-02

Related Funds

Other Total Return Allocation funds tracked on ABC INVEST:

• Federated Total Return Bond Fund (FTRFX)
• Columbia Balanced Fund (CBLAX)
• MFS Total Return Fund (MSFRX)
• AllianzGI Income & Growth Fund (AZNAX)
• AQR Risk Parity Fund (AQRNX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.