Franklin U.S. Government Fund A MDis USD

富蘭克林美國政府基金 A類 MDis 美元

LU0029872446

Risk Rating: Level 2

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.65%

HKD10,000.00Min. Subscription

USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:30

2019-09-30

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.14%
3 mth
+1.24%
6 mth
+3.50%
1 yr
+5.92%
3 yr
+2.92%
5 yr
+6.37%

Analytical Figures (3 years)

Annualized Return
+0.96%
Annualized Volatility
+2.00%
Sharpe Ratio
-0.23

Fund Information

Fund Houses
Franklin Templeton Investments (Asia) Ltd.
Launch Date
1991-02-27
Fund Manager
Roger Bayston
Paul Varunok
Manager Start Date
Roger Bayston (Start Date: 2001-10-01) Paul Varunok (Start Date: 2003-01-01)
Geographical Focus
US
Asset Class/ Sector
Fixed Income - Investment grade sovereign
Risk Rating
Risk Level 2

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating one (1) or two (2), these are mainly aimed at providing capital preservation for investors by investing primarily in money market instruments and, investment grade sovereign bonds etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-08-30)
USD 805,830,863.86
Management Fee
0.65%
Latest Dividend
USD 0.023000 (2019-09-08)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

0.65%

HKD10,000.00Min. Subscription

USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

15:30

2019-09-30

Dividend Records

Dividend DateDividend Records (USD)
2019-09-080.023000
2019-08-070.024000
2019-07-070.024000
2019-06-090.024000
2019-05-070.025000
2019-04-070.027000
2019-03-070.026000
2019-02-070.026000
2019-01-080.025000
2018-12-090.025000
2018-11-070.026000
2018-10-070.025000
2018-09-090.025000
2018-08-070.025000
2018-07-080.016000
2018-06-070.016000
2018-05-070.015000
2018-04-080.016000
2018-03-070.016000
2018-02-070.014000
2018-01-080.014000
2017-12-070.014000
2017-11-070.013000
2017-10-080.013000
2017-09-070.014000
2017-08-070.013000
2017-07-090.015000
2017-06-070.014000
2017-05-070.013000
2017-04-090.014000
2017-03-070.014000
2017-02-070.010000
2017-01-080.011000
2016-12-070.013000
2016-11-070.010000
2016-10-090.020000
2016-09-070.003000
2016-08-070.009000
2016-07-070.014000
2016-06-070.014000
2016-05-080.012000
2016-04-070.014000
2016-03-070.015000
2016-02-070.013000
2016-01-100.015000
2015-12-070.015000
2015-11-080.012000
2015-10-070.011000
2015-09-070.013000
2015-08-090.012000
2015-07-070.013000
2015-06-070.011000
2015-05-070.011000
2015-04-080.013000
2015-03-080.015000
2015-02-080.013000
2015-01-080.015000
2014-12-070.017000
2014-11-090.013000
2014-10-070.018000
2014-09-070.018000
2014-08-070.017000
2014-07-070.019000
2014-06-090.020000
2014-06-080.019000
2014-05-070.021000
2014-04-070.021000
2014-03-090.021000
2014-02-090.018000
2014-01-080.019000
2013-12-080.018000
2013-11-070.017000
2013-10-070.018000
2013-09-080.015000
2013-08-070.013000
2013-07-070.014000
2013-06-090.013000
2013-05-070.014000
2013-04-070.014000
2013-03-070.014000
2013-02-070.014000
2013-01-080.014000
2012-12-090.014000
2012-11-080.014000
2012-10-070.015000
2012-09-090.016000
2012-08-070.016000
2012-07-080.016000
2012-06-070.016000
2012-05-080.016000
2012-04-100.019000
2012-03-070.019000
2012-02-070.019000
2012-01-080.020000
2011-12-070.020000
2011-11-080.020000
2011-10-090.023000
2011-09-070.026000
2011-08-070.027000
2011-07-070.027000
2011-06-080.027000
2011-05-080.027000
2011-04-070.027000
2011-03-070.027000
2011-02-070.027000
2011-01-090.027000
2010-12-070.028000
2010-11-070.028000
2010-10-070.087000
2010-09-070.027000
2010-08-080.027000
2010-07-070.027000
2010-06-070.027000
2010-05-090.027000
2010-04-070.027000
2010-03-070.027000
2010-02-070.027000
2010-01-070.027000
2009-12-070.027000
2009-11-080.027000
2009-10-070.027000
2009-09-070.027000
2009-08-090.027000
2009-07-070.027000
2009-06-070.027000
2009-05-070.027000
2009-04-070.028000
2009-03-080.028000
2009-02-080.031000
2009-01-070.031000
2008-12-070.031000
2008-11-090.031000
2008-10-070.031000
2008-09-070.031000
2008-08-070.031000
2008-07-070.031000
2008-06-080.031000
2008-05-070.031000
2008-04-070.032000
2008-03-090.032000
2008-02-070.032000
2008-01-070.032000
2007-12-090.032000
2007-11-070.032000
2007-10-070.032000
2007-09-090.032000
2007-08-070.032000
2007-07-080.032000
2007-06-070.032000
2007-05-070.032000
2007-04-090.032000
2007-03-070.032000
2007-02-070.032000
2007-01-070.032000
2006-12-070.032000
2006-11-070.032000
2006-10-080.032000
2006-09-070.032000
2006-08-070.032000
2006-07-090.032000
2006-06-070.032000
2006-05-070.032000
2006-04-090.032000
2006-03-070.032000
2006-02-070.032000
2006-01-080.032000
2005-12-070.032000
2005-11-070.032000
2005-10-090.032000
2005-09-070.032000
2005-08-070.032000
2005-07-070.032000
2005-06-070.032000
2005-05-080.032000
2005-04-070.032000
2005-03-070.032000
2005-02-070.032000
2005-01-090.032000
2004-12-070.032000
2004-11-070.032000
2004-10-070.032000
2004-09-070.032000
2004-08-080.033000
2004-07-070.033000
2004-06-070.033000
2004-05-090.033000
2004-04-070.033000
2004-03-070.033000
2004-02-080.033000
2004-01-080.035000
2003-12-070.035000
2003-11-090.035000
2003-10-070.035000
2003-09-070.035000
2003-08-070.035000
2003-07-070.035000
2003-06-090.035000
2003-05-080.035000
2003-05-070.035000
2003-04-070.035000
2003-03-090.035000
2003-02-090.035000
2003-01-080.035000
2002-12-080.035000
2002-11-100.035000
2002-10-080.035000
2002-10-070.035000
2002-09-080.038000
2002-08-070.040000
2002-07-070.041000
2002-06-090.041000
2002-05-090.041000
2002-04-080.040000
2002-03-100.039000
2002-03-070.039000
2002-02-070.039000
2002-01-080.039000
2001-12-090.039000
2001-11-080.039000
2001-10-080.039000
2001-10-070.039000
2001-09-090.039000
2001-08-070.039000
2001-07-080.039000
2001-06-100.040000
2001-05-080.042000
2001-04-080.038000
2001-03-070.045000
2001-02-070.043000
2001-01-080.042000
2000-12-060.043000
2000-11-070.043000
2000-10-050.044000
2000-09-060.045000
2000-08-060.043000
2000-07-090.045000
2000-06-070.048000
2000-05-070.044000
2000-04-060.047000
2000-03-060.047000
2000-02-060.046000
2000-01-060.046000
1999-12-060.053000
1999-11-070.042000
1999-10-060.044000
1999-09-070.044000
1999-08-050.044000
1999-07-060.045000
1999-06-060.044000
1999-05-060.045000
1999-04-070.047000
1999-03-040.043000
1999-02-040.044000
1999-01-070.048000
1998-12-060.051000
1998-11-050.048000
1998-10-060.047000
1998-09-060.048000
1998-08-060.048000
1998-07-060.052000
1998-06-040.045000
1998-05-060.049000
1998-04-060.051000
1998-03-050.050000
1998-02-050.049000
1998-01-070.053000
1997-12-040.046000
1997-11-060.050000
1997-10-060.052000
1997-09-040.045000
1997-08-060.055000
1997-06-190.039000
1997-06-050.048000
1997-05-080.047000
1997-04-100.051000
1997-04-060.051000
1997-03-060.046000
1997-02-060.046000
1997-01-090.052000
1996-12-120.048000
1996-11-140.052000
1996-11-070.052000
1996-10-100.049000
1996-09-120.045000
1996-08-080.040000
1996-07-110.035000
1996-06-060.035000
1996-05-090.040000
1996-04-180.040000
1996-04-110.040000
1996-03-140.040000
1996-03-070.040000
1996-02-150.050000
1996-01-180.040000
1995-12-140.040000
1995-11-160.040000
1995-10-120.040000
1995-09-140.045000
1995-08-170.045000
1995-07-130.040000
1995-06-150.045000
1995-05-180.040000
1995-04-130.050000
1995-03-160.045000
1995-02-160.040000
1995-01-190.040000
1994-12-150.040000
1994-11-170.040000
1994-10-130.040000
1994-10-060.040000
1994-09-150.040000
1994-09-080.040000
1994-08-110.040000
1994-08-080.040000
1994-07-140.040000
1994-07-110.040000
1994-06-160.040000
1994-05-120.040000
1994-04-140.040000
1994-03-170.040000
1994-02-170.040000
1994-01-130.042500
1993-12-090.050000
1993-11-110.050000
1993-10-140.050000
1993-09-090.050000
1993-08-120.050000
1993-07-150.050000
1993-06-100.050000
1993-05-130.050000
1993-04-150.050000
1993-03-110.050000
1993-02-110.050000
1993-01-140.050000
1992-12-100.050000
1992-11-120.050000
1992-10-120.050000
1992-09-130.050000
1992-08-120.050000
1992-07-120.050000
1992-06-140.050000
1992-05-120.050000
1992-04-130.050000
1992-03-120.050000
1992-02-120.059000
1992-01-210.083000
1991-12-190.005000

Investment Objective

Franklin U.S. Government Fund (the “Fund”) aims to earn income.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Market risk
The market values of securities owned by the Fund will tend to go up or down, sometimes rapidly or unpredictably, due to factors affecting individual issuers, particular industries or sectors within securities markets, or because of general market conditions. During a general downturn in the securities markets, multiple asset classes (including different sectors of the same asset class) may decline in value at the same time. Similarly, when markets perform well, there can be no assurance that securities held by the Fund will participate in the advance. Because the securities the Fund holds fluctuate in price in this manner, the Fund’s value may go down as well as up and investors may be adversely affected.
2. Interest rate securities risk
Interest rates changes tend to be driven by prevailing economic, political and regulatory conditions as well as issuer-specific factors, impacting longer term securities more than short-term securities. A fixed income security’s value will generally increase in value when interest rates fall and decrease in value when interest rates rise. Movements in interest rates may therefore adversely affect the valuation of the Fund’s fixed income securities (such as bonds) and the Fund’s net asset value on a daily basis, in addition to impacting the amount of interest income earned by the Fund. Conditions in the banking sector may also adversely affect interest rates and the prices of fixed income securities.
3. Credit risk
This Fund invests only in obligations backed by the U.S. Government. Default can occur if an issuer fails to make principal and interest payments when due, which may result in a substantial loss to the Fund. Debt securities are also exposed to the risk of being downgraded, which can adversely affect and/or result in a substantial loss to the Fund.
4. Liquidity risk
The Fund may not be able to easily sell securities due to adverse market conditions or reduced value or creditworthiness of issuers in which it invests. The inability of the Fund to sell securities or positions may also impede the ability of the Fund to meet redemption requests in a timely manner. Certain securities may also be illiquid due to limited trading markets or contractual restrictions on their resale. Reduced liquidity due to these factors may have an adverse impact on the net asset value of the Fund.
5. Valuation risk
Valuation of the Fund’s investments may involve uncertainties and judgmental determinations. Independent pricing information may not always be available. If valuations prove to be incorrect, the investors of the Fund may be adversely affected.
6. Prepayment risk
The Fund may invest in debt securities where the issuer can repay the principal, in whole or in part, prior to the security’s maturity. When the Fund reinvests the prepayments of principal it receives, it may receive a rate of interest that is lower than the rate on the existing security, potentially lowering the Fund’s income. Securities subject to prepayment may offer less potential for gains during a declining interest rate environment and have greater price volatility. The value and performance of the Fund may be adversely affected as a result.
7. Single country risk
The Fund’s investments are concentrated in a single country. The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments and may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events affecting the country in which it invests.
8. Foreign currency risk
The total return for a share class that is denominated in a different currency (the “alternative currency”) from the base currency of the Fund may be affected, either positively or negatively, by changes in the exchange rate between the Fund’s base currency and the alternative currency.
9. Dividend policy risk
The Fund’s dividend policy allows for payment of dividends out of capital or effectively out of capital. Where this is done, it amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital or payment of dividends effectively out of the Fund’s capital (as the case may be) may result in an immediate reduction of the net asset value per share.
10. Counterparty risk
The Fund may be exposed to the credit/default risks of its counterparties and the Fund/investors may be adversely impacted.
11. Securitisation risk
A securitisation is composed of multiple tranches, usually spanning from the equity tranche (highest risk) to the senior tranche (the lowest risk). The performance of each tranche is determined by the performance of the underlying assets or “collateral pool”. The collateral pool can encompass securities with different credit qualities, including high-yield securities and junk bonds, and the credit rating of the tranche is not reflective of the quality of the underlying assets. A securitization may be highly illiquid and prone to substantial price volatility. These instruments may be subject to greater credit, liquidity and interest rate risk compared to other debt securities. They are often exposed to extension and prepayment risks and risks that the payment obligations relating to the underlying assets are not met, which may adversely impact the returns of the securities.

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