FLDZX

About FLDZX

Franklin Low Duration Total Return Fund – Advisor Class is an actively managed mutual fund focused on **short‑term fixed income** with an emphasis on generating a high level of current income while seeking capital preservation. According to its sponsor, the strategy primarily invests in **debt securities** and may use **derivatives** such as futures, options, and swaps to obtain or manage fixed-income exposure, aligning the portfolio with a low duration profile to moderate interest‑rate sensitivity. The fund’s mandate allows allocation to **non‑investment‑grade bonds** within defined limits, providing flexibility to source yield across corporates, securitized credit, and government sectors while maintaining a short duration orientation. It distributes income **monthly**, reflecting its income-centric design. Within the short‑term bond category, the fund serves investors seeking diversified fixed‑income exposure that balances **credit selection** with **interest‑rate risk management**, often incorporating Treasury futures and cash equivalents to fine‑tune duration and liquidity. Launched in 2008, it has grown to a multi‑billion‑dollar asset base under the Franklin Templeton platform, highlighting its role as a **core low‑duration** offering in the U.S. bond fund market.