Franklin Templeton SMACS: Series I
- FQTIX
- Price as of: Feb 25, 2021
-
$9.69
N/A N/A
- Primary Theme
- High Yield Bond
- Fund Company
- Franklin Templeton
- Share Class
FQTIX - Snapshot
Vitals
- YTD Return 1.8%
- 3 Yr Annualized Return N/A
- 5 Yr Annualized Return N/A
- Net Assets $3.62 M
- Holdings in Top 10 52.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 3.55%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 43.24%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
-
Primary Theme
High Yield Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Bond
FQTIX - Profile
Distributions
- YTD Total Return 1.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.96%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFranklin Templeton SMACS: Series I
-
Fund Family NameFranklin Templeton Investments
-
Inception DateJun 03, 2019
-
Shares Outstanding375131
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTodd Brighton
Fund Description
Under normal market conditions, the fund invests predominantly in debt securities. It may invest up to 100% of its total assets in debt securities that are rated below investment grade (also known as "junk bonds"), including a portion in defaulted securities. The fund may also invest up to 25% of its assets in foreign securities. It is non-diversified.
FQTIX - Performance
Return Ranking - Trailing
Period | FQTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | -3.8% | 6.6% | 7.20% |
1 Yr | 5.6% | -49.7% | 15.1% | 47.86% |
3 Yr | N/A* | -17.0% | 9.8% | N/A |
5 Yr | N/A* | -8.2% | 14.0% | N/A |
10 Yr | N/A* | 1.1% | 9.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | FQTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -3.7% | -46.8% | 399.1% | 93.14% |
2019 | N/A | -10.3% | 226.1% | N/A |
2018 | N/A | -18.4% | -0.2% | N/A |
2017 | N/A | -9.5% | 18.8% | N/A |
2016 | N/A | -9.1% | 28.6% | N/A |
Total Return Ranking - Trailing
Period | FQTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | -3.8% | 6.6% | 7.20% |
1 Yr | 5.6% | -49.7% | 14.9% | 39.14% |
3 Yr | N/A* | -17.0% | 9.8% | N/A |
5 Yr | N/A* | -8.2% | 14.0% | N/A |
10 Yr | N/A* | 1.1% | 9.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FQTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -3.7% | -46.8% | 399.1% | 93.14% |
2019 | N/A | -8.1% | 23.9% | N/A |
2018 | N/A | -18.4% | 1.3% | N/A |
2017 | N/A | -8.5% | 18.8% | N/A |
2016 | N/A | -9.1% | 39.0% | N/A |
NAV & Total Return History
FQTIX - Holdings
Concentration Analysis
FQTIX | Category Low | Category High | FQTIX % Rank | |
---|---|---|---|---|
Net Assets | 3.62 M | 3.62 M | 28.7 B | 100.00% |
Number of Holdings | 32 | 3 | 2297 | 96.90% |
Net Assets in Top 10 | 1.88 M | -564 M | 3.47 B | 96.49% |
Weighting of Top 10 | 52.02% | 2.8% | 100.0% | 5.34% |
Top 10 Holdings
- Community Health Systems Incorporated 6.88% 10.69%
- Tenet Healthcare Corporation 7% 8.58%
- Community Health Systems Incorporated 8% 5.24%
- Bausch Health Companies Inc 6.12% 5.10%
- Community Health Systems Incorporated 8% 4.46%
- Weatherford International Ltd Bermuda 8.75% 4.28%
- Government National Mortgage Association 3.5% 3.80%
- Government National Mortgage Association 3% 3.70%
- Ford Motor Company 9% 3.37%
- Post Holdings Inc. 5.62% 3.35%
Asset Allocation
Weighting | Return Low | Return High | FQTIX % Rank | |
---|---|---|---|---|
Bonds | 97.53% | 6.16% | 146.57% | 10.93% |
Cash | 2.47% | -40.59% | 75.30% | 53.58% |
Stocks | 0.00% | -8.82% | 43.20% | 97.30% |
Preferred Stocks | 0.00% | 0.00% | 11.16% | 93.12% |
Other | 0.00% | -50.78% | 52.10% | 90.96% |
Convertible Bonds | 0.00% | 0.00% | 18.92% | 99.46% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FQTIX % Rank | |
---|---|---|---|---|
Corporate | 87.64% | 0.00% | 100.00% | 80.95% |
Securitized | 9.89% | 0.00% | 92.43% | 3.11% |
Cash & Equivalents | 2.47% | 0.00% | 92.44% | 58.24% |
Derivative | 0.00% | 0.00% | 41.53% | 92.70% |
Municipal | 0.00% | 0.00% | 13.37% | 88.24% |
Government | 0.00% | 0.00% | 71.97% | 93.65% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FQTIX % Rank | |
---|---|---|---|---|
US | 97.53% | 0.00% | 122.57% | 0.94% |
Non US | 0.00% | -25.95% | 97.17% | 99.46% |
FQTIX - Expenses
Operational Fees
FQTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 3.55% | 0.03% | 20.43% | 2.62% |
Management Fee | 0.00% | 0.00% | 1.84% | 0.82% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
FQTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
FQTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
FQTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 43.24% | 0.00% | 349.00% | 23.60% |
FQTIX - Distributions
Dividend Yield Analysis
FQTIX | Category Low | Category High | FQTIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.34% | 89.91% |
Dividend Distribution Analysis
FQTIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FQTIX | Category Low | Category High | FQTIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.96% | -2.17% | 10.93% | 88.22% |
Capital Gain Distribution Analysis
FQTIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
FQTIX - Fund Manager Analysis
Managers
Todd Brighton
Start Date
Tenure
Tenure Rank
Jun 03, 2019
1.67
1.7%
Todd Brighton is a vice president, portfolio manager and research analyst for Franklin Templeton Multi-Asset Solutions. He is the lead manager of the Franklin Liberty US Low Volatility ETF. Mr. Brighton analyzes equity and equity-linked investments for the Core/Hybrid team and specializes in the development of volatility-based strategies. Mr. Brighton joined Franklin Templeton in 2000. He is a Chartered Financial Analyst (CFA) charterholder and a member of the CFA Institute and the CFA Society of San Francisco.
Brendan Circle
Start Date
Tenure
Tenure Rank
Jun 03, 2019
1.67
1.7%
Brendan Circle is a vice president, portfolio manager, and research analyst for Franklin Templeton Multi-Asset Solutions. In this role, Mr. Circle serves as a comanager of Franklin Income Fund and related portfolios, as well as Franklin Managed Income Fund. He also specializes in analyzing investment opportunities across the fixed income markets for the Multi-Asset Solutions team. Mr. Circle joined Franklin Templeton in 2014. Mr. Circle is a Chartered Financial Analyst (CFA) Charterholder, as well as a member of the CFA Institute and the CFA Society of San Francisco.
Edward Perks
Start Date
Tenure
Tenure Rank
Jun 03, 2019
1.67
1.7%
Edward Perks is chief investment officer of Franklin Templeton Investment Solutions and president of Franklin Advisers, Inc. In this role, Mr. Perks has oversight of myriad multi-asset investment capabilities designed to meet client needs for specific investment solutions. Mr. Perks joined Franklin Templeton in 1992. Mr. Perks holds a B.A. in economics and political science from Yale University. He is a Chartered Financial Analyst (CFA) charterholder, a member of the CFA Institute, and the Security Analysts of San Francisco (SASF).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 36.47 | 6.6 | 1.59 |