Jun. 30, 2025 |
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| Prospectus Summary | FRANKLIN U.S. GOVERNMENT MONEY FUND
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Risk Table - Prospectus Summary - FRANKLIN U.S. GOVERNMENT MONEY FUND
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Risk [Text Block] |
| Principal Risks |
Principal Risks You
could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment
at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government
agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect
that the sponsor will provide financial support to the Fund at any time, including during periods of
market stress.
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| Risk Lose Money [Member] |
You
could lose money by investing in the Fund.
|
| Risk Not Insured [Member] |
An investment in the Fund is not a bank account
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government
agency.
|
| Risk Money Market Fund May Not Preserve Dollar [Member] |
Although the Fund seeks to preserve the value of your investment
at $1.00 per share, it cannot guarantee it will do so.
|
| Interest Rate |
Interest Rate: When interest rates rise, debt security
prices generally fall. The opposite is also generally true: debt security prices rise when interest rates
fall. Interest rate changes are influenced by a number of factors, including government policy, monetary
policy, inflation expectations, perceptions of risk, and supply of and demand for debt securities. The
Fund's yield will vary. A low interest or negative rate environment may prevent the Fund from providing
a positive yield or paying Fund expenses out of current income and could impair the Fund's ability to
maintain a stable net asset value. A sharp and unexpected rise in interest rates could cause the Fund's
share price to drop below a dollar. In general, securities with longer maturities or durations are more
sensitive to these interest rate changes.
|
| Credit |
Credit:
U.S. government investments generally have the least credit risk but are not completely free of credit
risk. The Fund may incur losses on debt securities that are inaccurately perceived to present a different
amount of credit risk by the market, the investment manager or the rating agencies than such securities
actually do. Any downgrade of securities issued by the U.S. government may result in a downgrade of securities
issued by its agencies or instrumentalities.
|
| Income |
Income: The Fund's distributions
to shareholders may decline when prevailing interest rates fall, when the Fund experiences defaults on
debt securities it holds or when the Fund realizes a loss upon the sale of a debt security. Because the
Fund limits its investments to high-quality, short-term securities, its portfolio generally will earn
lower yields than a portfolio with lower-quality, longer-term securities subject to more risk.
|
| U.S. Government Securities |
U.S.
Government Securities: Not all obligations of the U.S. Government, its agencies and instrumentalities
are backed by the full faith and credit of the United States. Some obligations are backed only by the
credit of the issuing agency or instrumentality, and in some cases there may be some risk of default
by the issuer. Government agency or instrumentality issues have different levels of credit support. U.S.
government-sponsored entities ("GSEs"), such as Fannie Mae and Freddie Mac, may be chartered by Acts
of Congress, but their securities are neither issued nor guaranteed by the U.S. government. Although
the U.S. government has provided financial support to Fannie Mae, Freddie Mac and certain other GSEs
in the past, no assurance can be given that the U.S. government will continue to do so. Accordingly, securities
issued by Fannie Mae and Freddie Mac may involve a risk of non-payment of principal and interest. Investors
should remember that guarantees of timely repayment of principal and interest do not apply to the market
prices and yields of the securities or to the net asset value or performance of the Fund, which will
vary with changes in interest rates and other market conditions.
|
| Repurchase Agreements |
Repurchase
Agreements: A repurchase agreement exposes the Fund to the risk that the party that sells
the securities to the Fund may default on its obligation to repurchase such securities.
|
| Market |
Market:
The
market values of securities or other investments owned by the Fund will go up or down, sometimes rapidly
or unpredictably. The market value of a security or other investment may be reduced by market activity
or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all
investments. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more
buyers than sellers, prices tend to rise. In addition, the value of the Fund’s investments may go up
or down due to general market or other conditions that are not specifically related to a particular issuer,
such as: real or perceived adverse economic changes, including widespread liquidity issues and defaults
in one or more industries; changes in interest, inflation or exchange rates;
unexpected
natural and man-made world events, such as diseases or disasters; financial, political or social disruptions,
including terrorism and war; and U.S. trade disputes or other disputes with specific countries that could
result in additional tariffs, trade barriers and/or investment restrictions in certain securities in
those countries. Any of these conditions can adversely affect the economic prospects of many companies,
sectors, nations, regions and the market in general, in ways that cannot necessarily be foreseen.
|
| Master/Feeder Structure |
Master/Feeder
Structure: The Fund seeks to achieve its investment goal by investing all of its assets
in shares of the Master Portfolio. The Master Portfolio has the same investment goal and policies as
the Fund. The Fund buys shares of the Master Portfolio at net asset value. An investment in the Fund
is an indirect investment in the Master Portfolio. It is possible that the Fund may have to withdraw
its investment in the Master Portfolio if the Master Portfolio changes its investment goal or if the
Fund’s board of trustees, at any time, considers it to be in the Fund’s best interest.
|
| Management |
Management:
The Fund is subject to management risk because it is an actively managed investment portfolio. The investment
manager applies investment techniques and risk analyses in making investment decisions for the Master
Portfolio, but there can be no guarantee that these decisions will produce the desired results.
|
| Cybersecurity |
Cybersecurity:
Cybersecurity incidents, both intentional and unintentional, may allow an unauthorized party to gain
access to Fund assets, Fund or customer data (including private shareholder information), or proprietary
information, cause the Fund, the investment manager, authorized participants, or index providers (as
applicable) and listing exchanges, and/or their service providers (including, but not limited to, Fund
accountants, custodians, sub-custodians, transfer agents and financial intermediaries) to suffer data
breaches, data corruption or loss of operational functionality or prevent Fund investors from purchasing,
redeeming shares or receiving distributions. The investment manager has limited ability to prevent or
mitigate cybersecurity incidents affecting third party service providers, and such third party service
providers may have limited indemnification obligations to the Fund or the investment manager. Cybersecurity
incidents may result in financial losses to the Fund and its shareholders, and substantial costs may
be incurred in an effort to prevent or mitigate future cybersecurity incidents. Issuers of securities
in which the Fund invests are also subject to cybersecurity risks, and the value of these securities
could decline if the issuers experience cybersecurity incidents. Because technology is
frequently changing, new ways to carry out cyber attacks are always developing. Therefore, there is a
chance that some risks have not been identified or prepared for, or that an attack may not be detected,
which puts limitations on the Fund's ability to plan for or respond to a cyber attack. Like other funds
and business enterprises, the Fund, the investment manager, and their service providers are subject to
the risk of cyber incidents occurring from time to time.
|
|
| Prospectus Summary | FRANKLIN U.S. GOVERNMENT MONEY FUND
|
Risk Table - Prospectus Summary - FRANKLIN U.S. GOVERNMENT MONEY FUND
|
Risk [Text Block] |
| Principal Risks |
Principal Risks You
could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment
at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a bank account
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government
agency. The Fund’s sponsor is not required to reimburse the Fund for losses, and you should not expect
that the sponsor will provide financial support to the Fund at any time, including during periods of
market stress.
|
| Risk Lose Money [Member] |
You
could lose money by investing in the Fund.
|
| Risk Not Insured [Member] |
An investment in the Fund is not a bank account
and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government
agency.
|
| Risk Money Market Fund May Not Preserve Dollar [Member] |
Although the Fund seeks to preserve the value of your investment
at $1.00 per share, it cannot guarantee it will do so.
|
| Interest Rate |
Interest Rate: When interest rates rise, debt security
prices generally fall. The opposite is also generally true: debt security prices rise when interest rates
fall. Interest rate changes are influenced by a number of factors, including government policy, monetary
policy, inflation expectations, perceptions of risk, and supply of and demand for debt securities. The
Fund's yield will vary. A low interest or negative rate environment may prevent the Fund from providing
a positive yield or paying Fund expenses out of current income and could impair the Fund's ability to
maintain a stable net asset value. A sharp and unexpected rise in interest rates could cause the Fund's
share price to drop below a dollar. In general, securities with longer maturities or durations are more
sensitive to these interest rate changes.
|
| Credit |
Credit: U.S. government investments generally
have the least credit risk but are not completely free of credit risk. The Fund may incur losses on debt
securities that are inaccurately perceived to present a different amount of credit risk by the market,
the investment manager or the rating agencies than such securities actually do. Any downgrade of securities
issued by the U.S. government may result in a downgrade of securities issued by its agencies or instrumentalities.
|
| Income |
Income:
The Fund's distributions to shareholders may decline when prevailing interest rates fall, when the Fund
experiences defaults on debt securities it holds or when the Fund realizes a loss upon the sale of a
debt security. Because the Fund limits its investments to high-quality, short-term securities, its portfolio
generally will earn lower yields than a portfolio with lower-quality, longer-term securities subject
to more risk.
|
| U.S. Government Securities |
U.S. Government Securities: Not all obligations
of the U.S. Government, its agencies and instrumentalities are backed by the full faith and credit of
the United States.
Some obligations are backed only by the credit of the issuing agency or instrumentality, and in some
cases there may be some risk of default by the issuer. Government agency or instrumentality issues have
different levels of credit support. U.S. government-sponsored entities ("GSEs"), such as Fannie
Mae and Freddie Mac, may be chartered by Acts of Congress, but their securities are neither issued nor
guaranteed by the U.S. government. Although the U.S. government has provided financial support to Fannie
Mae, Freddie Mac and certain other GSEs in the past, no assurance can be given that the U.S. government
will continue to do so. Accordingly, securities issued by Fannie Mae and Freddie Mac may involve a risk
of non-payment of principal and interest. Investors should remember that guarantees of timely repayment
of principal and interest do not apply to the market prices and yields of the securities or to the net
asset value or performance of the Fund, which will vary with changes in interest rates and other market
conditions.
|
| Repurchase Agreements |
Repurchase Agreements: A repurchase agreement exposes the Fund
to the risk that the party that sells the securities to the Fund may default on its obligation to repurchase
such securities.
|
| Market |
Market: The market values of securities or other
investments owned by the Fund will go up or down, sometimes rapidly or unpredictably. The market value
of a security or other investment may be reduced by market activity or other results of supply and demand
unrelated to the issuer. This is a basic risk associated with all investments. When there are more sellers
than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise.
In addition, the value of the Fund’s investments may go up or down due to general market or other conditions
that are not specifically related to a particular issuer, such as: real or perceived adverse economic
changes, including widespread liquidity issues and defaults in one or more industries; changes in interest,
inflation or exchange rates; unexpected natural and man-made world events, such as diseases or disasters;
financial, political or social disruptions, including terrorism and war; and U.S. trade disputes or other
disputes with specific countries that could result in additional tariffs, trade barriers and/or investment
restrictions in certain securities in those countries. Any of these conditions can adversely affect the
economic prospects of many companies, sectors, nations, regions and the market in general, in ways that
cannot necessarily be foreseen.
|
| Master/Feeder Structure |
Master/Feeder Structure: The Fund seeks to
achieve its investment goal by investing all of its assets in shares of the Master Portfolio. The Master
Portfolio has the same investment goal and policies as the Fund. The Fund buys shares of the Master Portfolio
at net asset value. An investment in the Fund is an indirect investment in the Master Portfolio. It is
possible that the Fund may have to withdraw its investment in the Master Portfolio if the Master Portfolio
changes its investment
goal or if the Fund’s board of trustees, at any time, considers it to be in the Fund’s best interest.
|
| Management |
Management:
The Fund is subject to management risk because it is an actively managed investment portfolio. The investment
manager applies investment techniques and risk analyses in making investment decisions for the Master
Portfolio, but there can be no guarantee that these decisions will produce the desired results.
|
| Cybersecurity |
Cybersecurity:
Cybersecurity incidents, both intentional and unintentional, may allow an unauthorized party to gain
access to Fund assets, Fund or customer data (including private shareholder information), or proprietary
information, cause the Fund, the investment manager, authorized participants, or index providers (as
applicable) and listing exchanges, and/or their service providers (including, but not limited to, Fund
accountants, custodians, sub-custodians, transfer agents and financial intermediaries) to suffer data
breaches, data corruption or loss of operational functionality or prevent Fund investors from purchasing,
redeeming shares or receiving distributions. The investment manager has limited ability to prevent or
mitigate cybersecurity incidents affecting third party service providers, and such third party service
providers may have limited indemnification obligations to the Fund or the investment manager. Cybersecurity
incidents may result in financial losses to the Fund and its shareholders, and substantial costs may
be incurred in an effort to prevent or mitigate future cybersecurity incidents. Issuers of securities
in which the Fund invests are also subject to cybersecurity risks, and the value of these securities
could decline if the issuers experience cybersecurity incidents. Because technology is
frequently changing, new ways to carry out cyber attacks are always developing. Therefore, there is a
chance that some risks have not been identified or prepared for, or that an attack may not be detected,
which puts limitations on the Fund's ability to plan for or respond to a cyber attack. Like other funds
and business enterprises, the Fund, the investment manager, and their service providers are subject to
the risk of cyber incidents occurring from time to time.
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