FISAX

About FISAX

Franklin Low Duration U.S. Government Securities Fund Class A is an open‑end mutual fund focused on short‑maturity, U.S. government–backed fixed income. Its primary objective is to deliver a high level of current income while emphasizing preservation of capital. The portfolio typically invests at least 80% of net assets in adjustable‑rate mortgage securities and other mortgage‑related instruments issued or guaranteed by U.S. government agencies and instrumentalities, complemented by short‑dated Treasuries and related futures to manage duration and interest‑rate exposure. With an effective duration near the lower end of the spectrum for short government strategies, the fund targets reduced sensitivity to rate movements relative to longer‑duration bond funds. It distributes dividends monthly and has operated since 1987 under the management of Franklin Advisers. Positioned within the short government category, the fund’s mandate centers on high‑quality, government‑linked credit and liquidity, serving as a conservative bond allocation for investors seeking income, low credit risk, and modest volatility within the broader fixed‑income market.