Franklin Low Duration Total Return Fund Advisor Class (FLDZX)
| Fund Assets | 1.91B |
| Expense Ratio | 0.45% |
| Min. Investment | $1,000 |
| Turnover | 69.99% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.45% |
| Dividend Growth | -1.62% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.08 |
| YTD Return | 0.58% |
| 1-Year Return | 5.86% |
| 5-Year Return | 13.69% |
| 52-Week Low | 8.60 |
| 52-Week High | 9.09 |
| Beta (5Y) | n/a |
| Holdings | 814 |
| Inception Date | May 15, 2008 |
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.
Performance
FLDZX had a total return of 5.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.42%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FBNTX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class M | 0.51% |
| FBNAX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class A | 0.50% |
| FBNIX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class I | 0.30% |
| FANCX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class C | 1.36% |
| FIKTX | Fidelity | Fidelity Advisor Short-Term Bond Fund - Class Z | 0.25% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03252 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03475 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03093 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03585 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03235 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03618 | Aug 29, 2025 |