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Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FRANKLIN U.S. GOVERNMENT SECURITIES FUND

FUSRX | Fund

$5.12

$2.01 B

3.06%

$0.16

1.12%

Vitals

YTD Return

-0.5%

1 yr return

4.2%

3 Yr Avg Return

2.9%

5 Yr Avg Return

-0.5%

Net Assets

$2.01 B

Holdings in Top 10

42.8%

52 WEEK LOW AND HIGH

$5.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 89.16%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FRANKLIN U.S. GOVERNMENT SECURITIES FUND

FUSRX | Fund

$5.12

$2.01 B

3.06%

$0.16

1.12%

FUSRX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return -0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.55%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FRANKLIN U.S. GOVERNMENT SECURITIES FUND
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Mar 28, 2002
  • Shares Outstanding
    3017404
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Varunok

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets in U.S. government securities. The Fund presently invests substantially all of its assets in Government National Mortgage Association obligations (Ginnie Maes). Ginnie Maes represent an ownership interest in mortgage loans pooled together for sale to investors to finance purchases of homes. The mortgage loans may have either fixed or adjustable interest rates. As the underlying mortgage loans are paid off, Ginnie Maes provide investors with monthly payments of interest and principal as well as any unscheduled prepayments on the underlying mortgage loans.

Ginnie Maes carry a guarantee as to the timely repayment of principal and interest that is backed by the full faith and credit of the U.S. government. The full faith and credit guarantee does not apply to the market prices and yields of the Ginnie Maes or to the net asset value or performance of the Fund, which will vary with changes in interest rates and other market conditions.

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FUSRX - Performance

Return Ranking - Trailing

Period FUSRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -3.9% 8.2% 74.35%
1 Yr 4.2% -4.4% 25.7% 60.21%
3 Yr 2.9%* -5.4% 24.3% 71.73%
5 Yr -0.5%* -2.3% 15.1% 71.58%
10 Yr 0.4%* -0.3% 1.7% 88.89%

* Annualized

Return Ranking - Calendar

Period FUSRX Return Category Return Low Category Return High Rank in Category (%)
2025 3.4% 0.2% 8.6% 53.93%
2024 -2.9% -13.6% 14.5% 46.60%
2023 1.2% -3.0% 22.1% 48.17%
2022 -12.7% -20.4% 3.8% 30.00%
2021 -4.3% -7.1% 16.6% 88.71%

Total Return Ranking - Trailing

Period FUSRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -3.9% 8.2% 74.35%
1 Yr 4.2% -4.4% 25.7% 60.21%
3 Yr 2.9%* -5.4% 24.3% 71.73%
5 Yr -0.5%* -2.3% 15.1% 71.58%
10 Yr 0.4%* -0.3% 1.7% 88.89%

* Annualized

Total Return Ranking - Calendar

Period FUSRX Return Category Return Low Category Return High Rank in Category (%)
2025 6.7% 2.8% 20.8% 82.20%
2024 0.3% -13.3% 25.3% 86.39%
2023 4.0% -2.7% 28.8% 64.92%
2022 -10.6% -15.3% 5.6% 28.95%
2021 -2.4% -4.5% 25.3% 80.65%

NAV & Total Return History

FUSRX - Holdings

Concentration Analysis

FUSRX Category Low Category High FUSRX % Rank
Net Assets 2.01 B 7.76 M 179 B 31.41%
Number of Holdings 581 19 11153 46.60%
Net Assets in Top 10 891 M 4.25 M 71.5 B 34.03%
Weighting of Top 10 42.79% 7.5% 91.1% 19.37%

Top 10 Holdings

  1. GNMA II, Single-family, 30 Year 7.10%
  2. GNMA II, Single-family, 30 Year 5.29%
  3. GNMA II, Single-family, 30 Year 4.60%
  4. GNMA II, Single-family, 30 Year 4.45%
  5. GNMA II, Single-family, 30 Year 4.38%
  6. GNMA I, 30 Year 4.29%
  7. GNMA II, Single-family, 30 Year 3.53%
  8. GNMA II, Single-family, 30 Year 3.40%
  9. GNMA II, Single-family, 30 Year 2.89%
  10. GNMA II, Single-family, 30 Year 2.87%

Asset Allocation

Weighting Return Low Return High FUSRX % Rank
Bonds 		98.23% 0.03% 172.98% 70.16%
Cash 		1.77% 0.00% 10.68% 52.36%
Stocks 		0.00% 0.00% 96.91% 31.41%
Preferred Stocks 		0.00% 0.00% 0.58% 26.70%
Other 		0.00% -56.46% 37.46% 79.06%
Convertible Bonds 		0.00% 0.00% 3.29% 26.18%

Bond Sector Breakdown

Weighting Return Low Return High FUSRX % Rank
Securitized 		97.18% 0.00% 99.79% 1.57%
Cash & Equivalents 		1.52% 0.00% 10.68% 50.79%
Government 		0.51% 0.00% 99.84% 87.96%
Derivative 		0.00% -5.90% 1.03% 61.78%
Corporate 		0.00% 0.00% 9.48% 48.17%
Municipal 		0.00% 0.00% 5.24% 39.79%

Bond Geographic Breakdown

Weighting Return Low Return High FUSRX % Rank
US 		98.23% 0.03% 172.98% 70.16%
Non US 		0.00% 0.00% 1.06% 26.18%

FUSRX - Expenses

Operational Fees

FUSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.02% 2.61% 19.47%
Management Fee 0.46% 0.00% 0.70% 81.68%
12b-1 Fee 0.50% 0.00% 1.00% 60.47%
Administrative Fee 0.15% 0.01% 0.45% 83.52%

Sales Fees

FUSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

FUSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FUSRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.16% 3.35% 948.00% 40.80%

FUSRX - Distributions

Dividend Yield Analysis

FUSRX Category Low Category High FUSRX % Rank
Dividend Yield 3.06% 1.54% 4.94% 79.06%

Dividend Distribution Analysis

FUSRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FUSRX Category Low Category High FUSRX % Rank
Net Income Ratio 0.55% -0.80% 2.30% 62.63%

Capital Gain Distribution Analysis

FUSRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FUSRX - Fund Manager Analysis

Managers

Paul Varunok

Start Date

Tenure

Tenure Rank

Dec 31, 2003

18.43

18.4%

Mr. Varunok is portfolio manager of Franklin Advisers. He joined Franklin Templeton Investments in 2001. Previously, Varunok was a fixed-income analyst for Prudential Securities, Inc.

Neil Dhruv

Start Date

Tenure

Tenure Rank

Oct 24, 2019

2.6

2.6%

Portfolio Manager of FT Institutional and portfolio manager of FRANKLIN STRATEGIC MORTGAGE PORTFOLIO since October 2019.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.66 7.35

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