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FRSTX Franklin Strategic Income A

  • Fund
  • FRSTX
  • Price as of: Dec 02, 2016
  • $9.51
  • + $0.01
  • + 0.11%
  • Category
  • Total Bond Market

FRSTX - Profile

Vitals

  • YTD Return 3.9%
  • 3 Yr Annualized Return -3.4%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $7.48 B
  • Holdings in Top 10 20.1%

52 WEEK LOW AND HIGH

$9.51
$8.83
$9.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 88.04%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 6.5%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.44%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin Strategic Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date May 24, 1994
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher J. Molumphy

Fund Description

The Franklin Strategic Income Fund Class A (FRSTX) is an actively managed, multisector bond fund designed to provide high current income. FRSTX’s managers can shift their holdings around a variety of debt and bond types from around the world. This includes everything from U.S. Treasuries to emerging-market corporate bonds. The fund uses credit management and research to find bonds with the best prospects for income and capital appreciation.

Given its broad approach to fixed-income securities, FRSTX makes an ideal core holding in a fixed-income portfolio. The fund is managed by Franklin Advisors.

FRSTX - Performance

Return Ranking - Trailing

Period FRSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.9% -8.1% 202.4% 5.24% 1
1 Yr 1.7% -12.6% 13.2% 41.14% 3
3 Yr -3.4% * -5.8% 8.5% 84.23% 5
5 Yr -1.2% * -2.8% 9.4% 83.14% 5
10 Yr -0.8% * -1.7% 9.8% 88.43% 5

* Annualized


Return Ranking - Calendar

Period FRSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -8.5% -33.0% 3.0% 63.39% 5
2014 -4.4% -9.3% 14.9% 64.13% 5
2013 -2.1% -24.1% 40.4% 23.61% 2
2012 5.8% -100.0% 18.7% 9.02% 1
2011 -3.2% -20.6% 15.5% 60.06% 5

Total Return Ranking - Trailing

Period FRSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.5% -7.3% 205.2% 4.15% 1
1 Yr 4.5% -12.6% 16.3% 15.36% 1
3 Yr 1.4% * -7.2% 8.5% 43.99% 3
5 Yr 4.6% * -3.7% 9.4% 6.72% 1
10 Yr 7.3% * -1.7% 9.8% 2.39% 1

* Annualized


Total Return Ranking - Calendar

Period FRSTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.4% -32.5% 4.5% 64.89% 5
2014 2.0% -8.3% 16.8% 40.61% 3
2013 3.8% -12.9% 58.5% 3.97% 1
2012 15.5% -100.0% 35.2% 2.86% 1
2011 3.8% -20.7% 18.1% 29.79% 2

NAV & Total Return History

FRSTX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FRSTX Category Low Category High FRSTX % Rank Quintile
Net Assets 7.48 B 319 K 176 B 2.70% 1
Number of Holdings 722 1 17569 7.63% 2
Net Assets in Top 10 1.53 B -36 B 21.3 B 2.80% 1
Weighting of Top 10 20.1% 0.0% 1093.9% 20.70% 4

Top 10 Holdings

  1. Franklin Lower Tier Floating R 5.04%
  2. Franklin Middle Tier Floating 3.73%
  3. Fed Natl Mort Assc 3% 2.19%
  4. FHLMC 4% 2.08%
  5. Freddie Mac Gold Single Family TBA 3% 2046-10-01 1.94%
  6. US Treasury Note 1.23%
  7. Govt Natl Mtg Asso 3% 1.06%
  8. FNMA 3.5% 1.00%
  9. Malaysia (Govt Of) 3.58% 0.95%
  10. Radio One Inc 0.90%

Asset Allocation

Weighting Category Low Category High FRSTX % Rank Quintile
Bonds
81.31% -175.98% 192.68% 22.58% 5
Other
16.20% -30.71% 98.36% 0.56% 1
Cash
2.09% -96.63% 275.92% 20.60% 4
Stocks
0.26% -3.27% 98.09% 4.58% 1
Preferred Stocks
0.14% -0.45% 17.13% 6.56% 2
Convertible Bonds
0.00% 0.00% 12.73% 5.65% 5

Stock Sector Breakdown

Weighting Category Low Category High FRSTX % Rank Quintile
Energy
0.15% -0.88% 10.68% 4.00% 1
Financial Services
0.00% -0.47% 17.99% 7.68% 5
Real Estate
0.00% -0.31% 15.95% 5.12% 4
Industrials
0.00% -0.83% 11.90% 5.34% 4
Healthcare
0.00% -1.47% 13.44% 4.34% 4
Technology
0.00% -2.37% 18.95% 5.23% 4
Utilities
0.00% -0.13% 4.31% 5.34% 4
Communication Services
0.00% -0.57% 8.42% 3.89% 4
Consumer Defense
0.00% -0.34% 13.63% 4.89% 4
Consumer Cyclical
0.00% -0.36% 12.25% 5.67% 4
Basic Materials
0.00% -0.43% 12.15% 5.01% 4

Stock Geographic Breakdown

Weighting Category Low Category High FRSTX % Rank Quintile
US
0.26% -2.87% 90.73% 4.17% 1
Non US
0.00% -1.22% 96.69% 3.00% 4

Bond Sector Breakdown

Weighting Category Low Category High FRSTX % Rank Quintile
Corporate
45.25% 0.00% 221.70% 10.38% 2
Securitized
16.97% 0.00% 105.84% 21.67% 4
Government
14.82% -389.49% 128.09% 17.29% 3
Cash & Equivalents
2.13% -63.55% 416.01% 20.09% 4
Municipal
0.86% 0.00% 105.76% 9.16% 2
Derivative
0.00% -513.07% 38.63% 2.34% 3

Bond Geographic Breakdown

Weighting Category Low Category High FRSTX % Rank Quintile
US
57.87% -370.09% 180.29% 24.36% 5
Non US
23.44% -45.82% 351.70% 6.51% 2

FRSTX - Expenses

Operational Fees

FRSTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.88% 0.00% 42.51% 10.23% 3
Management Fee 0.46% 0.00% 2.15% 2.64% 4
12b-1 Fee 0.25% 0.00% 1.00% 1.91% 3
Administrative Fee 0.15% 0.00% 0.63% 1.66% 4

Sales Fees

FRSTX Fees (% of AUM) Category Low Category High FRSTX Rank Quintile
Front Load 4.25% 0.00% 5.75% 1.79% 4
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

FRSTX Fees (% of AUM) Category Low Category High FRSTX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

FRSTX Fees (% of AUM) Category Low Category High FRSTX Rank Quintile
Turnover 88.04% 0.00% 1856.00% 10.38% 3

FRSTX - Distributions

Dividend Yield Analysis

FRSTX Category Low Category High FRSTX % Rank Quintile
Dividend Yield 0.7% 0.00% 1.30% 1.57% 1

Dividend Distribution Analysis

FRSTX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FRSTX Category Low Category High FRSTX % Rank Quintile
Net Income Ratio 4.44% -1.76% 17.13% 2.44% 1

Capital Gain Distribution Analysis

FRSTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FRSTX - Managers

Christopher J. Molumphy

Lead Manager

Start Date

May 24, 1994

Tenure

22.45

Tenure Rank

0.2%

Christopher J. Molumphy, CFA, EVP, is chief investment officer of Franklin Templeton Fixed Income Group. He is a portfolio manager for several funds, including Franklin Strategic Income Fund and Franklin High Income Fund. At the firm since 1988, he currently serves on the company's executive committee and Fixed Income Policy Committee. He holds a BA (Stanford Univ.) and an MBA (Univ. of Chicago). He is a member of the CFA Institute and the Stanford Institute for Economic Policy Research.


Roger Bayston

Manager

Start Date

May 01, 2015

Tenure

1.5

Tenure Rank

7.9%

Roger Bayston, CFA, SVP (Franklin Templeton Fixed Income Group), is a senior portfolio manager for several fixed income funds. He directs research and trading activities for government- and asset-backed securities. A member of the Fixed Income Policy Committee, he sets strategies for multi-sector bond portfolios. He leads Franklin's quantitative-based bond strategies team. At the firm since 1991, he holds a B.S. (Univ. of Virginia) and an MBA (UCLA) and belongs to the CFA Institute.


Patricia O'Connor

Manager

Start Date

Feb 01, 2016

Tenure

0.75

Tenure Rank

8.5%

Patricia O'Connor, CFA, VP, is a portfolio manager for the Franklin Templeton Fixed Income Group. She co-manages multiple US and global high yield strategies, including Franklin Strategic Income Fund. Prior to joining Franklin Templeton in 1997, Ms. O'Connor worked for Morgan Stanley Asset Management. She holds a B.S. (Accounting, Lehigh Univ.) and an MBA (Univ. of Chicago). Ms O'Connor is a member of the CFA Society of San Francisco and the CFA Institute.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.07

Category Mode

4.8