Franklin Adjustable U.S. Government Securities Fund (FISAX)
The fund normally invests at least 80% of its net assets in "adjustable-rate U.S. government mortgage securities." "Adjustable-rate U.S. government mortgage securities" include adjustable-rate mortgage securities (ARMS) and other mortgage-backed securities, including collateralized mortgage obligations (CMOs), with interest rates that adjust periodically to reflect prevailing market interest rates.
Fund Info
US3536123025
353612302
Oct 20, 1987
$1,000
Expense Ratio
FISAX features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Adjustable U.S. Government Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin Adjustable U.S. Government Securities Fund had a return of 0.43% year-to-date (YTD) and 5.42% in the last 12 months. Over the past 10 years, Franklin Adjustable U.S. Government Securities Fund had an annualized return of 0.97%, while the S&P 500 had an annualized return of 11.04%, indicating that Franklin Adjustable U.S. Government Securities Fund did not perform as well as the benchmark.
FISAX
0.43%
0.43%
2.00%
5.42%
1.40%
0.97%
^GSPC (Benchmark)
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
Monthly Returns
The table below presents the monthly returns of FISAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.43% | 0.43% | |||||||||||
| 2024 | 0.49% | -0.03% | 0.52% | -0.01% | 0.56% | 0.79% | 0.95% | 0.72% | 0.78% | -0.37% | 0.29% | 0.40% | 5.21% |
| 2023 | 0.60% | -0.16% | 0.00% | 0.26% | -0.11% | -0.21% | 0.43% | 0.46% | 0.22% | 0.47% | 1.04% | 0.91% | 3.97% |
| 2022 | -0.46% | -0.19% | -0.71% | -0.57% | -0.05% | -0.69% | 0.25% | -0.26% | -0.65% | -0.50% | 0.45% | 0.23% | -3.11% |
| 2021 | 0.34% | -0.04% | -0.04% | 0.08% | 0.06% | -0.04% | 0.06% | -0.19% | -0.06% | -0.06% | -0.32% | -0.04% | -0.24% |
| 2020 | 0.21% | 0.34% | -2.05% | 1.58% | 0.66% | 0.18% | 0.16% | 0.15% | 0.00% | -0.13% | 0.11% | -0.03% | 1.17% |
| 2019 | 0.12% | 0.14% | 0.24% | 0.15% | 0.26% | 0.25% | 0.15% | 0.24% | 0.14% | 0.11% | 0.10% | 0.11% | 2.03% |
| 2018 | -0.05% | 0.06% | 0.05% | -0.05% | 0.20% | 0.07% | 0.09% | 0.09% | -0.04% | 0.12% | 0.11% | 0.11% | 0.77% |
| 2017 | 0.02% | 0.16% | 0.04% | -0.21% | 0.05% | -0.07% | -0.19% | 0.05% | 0.05% | 0.04% | 0.06% | 0.05% | 0.03% |
| 2016 | -0.02% | -0.24% | -0.12% | 0.00% | 0.13% | 0.12% | -0.12% | 0.14% | 0.01% | 0.13% | 0.02% | 0.02% | 0.09% |
| 2015 | 0.09% | -0.24% | 0.21% | -0.02% | -0.02% | -0.01% | -0.02% | -0.14% | -0.13% | -0.01% | -0.12% | -0.25% | -0.66% |
| 2014 | 0.22% | 0.12% | -0.01% | 0.10% | -0.15% | 0.08% | 0.08% | 0.08% | -0.02% | 0.09% | -0.02% | 0.10% | 0.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, FISAX is among the top 5% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Adjustable U.S. Government Securities Fund (FISAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin Adjustable U.S. Government Securities Fund provided a 4.87% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.36 | $0.27 | $0.11 | $0.07 | $0.15 | $0.24 | $0.20 | $0.16 | $0.13 | $0.10 | $0.10 |
Dividend yield | 4.87% | 4.80% | 3.59% | 1.41% | 0.90% | 1.91% | 3.01% | 2.50% | 1.97% | 1.52% | 1.21% | 1.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Adjustable U.S. Government Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.27 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.11 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2018 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.16 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Adjustable U.S. Government Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Adjustable U.S. Government Securities Fund was 4.76%, occurring on Nov 3, 2022. Recovery took 294 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.76% | Jun 3, 2021 | 360 | Nov 3, 2022 | 294 | Jan 8, 2024 | 654 |
| -3.25% | Sep 9, 1993 | 175 | May 11, 1994 | 237 | Apr 7, 1995 | 412 |
| -2.86% | Mar 9, 2020 | 12 | Mar 24, 2020 | 47 | Jun 1, 2020 | 59 |
| -1.65% | Jan 2, 1992 | 38 | Feb 24, 1992 | 74 | Jun 5, 1992 | 112 |
| -1.33% | Apr 6, 2015 | 239 | Mar 15, 2016 | 704 | Dec 31, 2018 | 943 |
Volatility
Volatility Chart
The current Franklin Adjustable U.S. Government Securities Fund volatility is 0.47%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.