FLRRX

About FLRRX

Franklin Low Duration Total Return Fund Class R6 is an actively managed mutual fund focused on short‑maturity, investment‑grade fixed income. Its primary objective is to deliver a high level of current income consistent with prudent investing while seeking preservation of capital, positioning it as a core short‑term bond holding for risk‑aware investors seeking limited interest‑rate sensitivity. The strategy concentrates on securities with low effective duration—typically aligning with short‑term bond characteristics—to reduce volatility from rate movements relative to intermediate and long‑duration peers. The portfolio invests across U.S. investment‑grade sectors, including corporate bonds and government‑related issues, and is managed by a multi‑manager team employing rigorous credit research and risk controls to balance income and capital stability. Within its Morningstar short‑term bond category, the fund’s performance profile reflects its defensive mandate and emphasis on consistent income over cycles rather than aggressive yield seeking. This approach makes it a tool for cash management enhancements, liquidity sleeves, or as a stabilizing component within diversified fixed‑income allocations.