Franklin Adjustable US Govt Secs R6

The fund seeks a high level of current income, consistent with preservation of capital. The Fund invests at least 80% of its net assets in U.S. government securities, including adjustable-rate mortgage securities (ARMS) and fixed-rate mortgage securities and other mortgage-backed securities, including collateralized mortgage obligations (CMOs). The fund also invests in direct obligations of the U.S. government, such as Treasury bills, bonds or notes or its agencies instrumentalities or sponsored enterprises. The fund currently targets an estimated portfolio duration of 1 to 3.5 years.