FQTIX: Franklin Templeton SMACS: Series I - MutualFunds.com

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Franklin Templeton SMACS: Series I

FQTIX - Snapshot

Vitals

  • YTD Return -6.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $3.33 M
  • Holdings in Top 10 50.1%

52 WEEK LOW AND HIGH

$9.32
$7.46
$9.96

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

Compare FQTIX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard High Yield Corporate Fund

Fund

$5.93

0.00%

$27.58 B

5.14%

$0.30

-0.50%

-

BlackRock High Yield Bond Portfolio

Fund

$7.70

+0.13%

$25.49 B

4.81%

$0.37

-0.90%

-

iShares iBoxx $ High Yield Corporate Bond ETF

HYG | ETF

$86.20

-0.14%

$23.82 B

4.88%

$4.22

-1.71%

-

PGIM High Yield Fund

Fund

$5.45

0.00%

$20.11 B

5.75%

$0.31

-2.33%

-

American Funds American High-Income Trust®

Fund

$10.02

+0.30%

$16.76 B

6.07%

$0.61

-0.60%

-

FQTIX - Profile

Distributions

  • YTD Total Return -6.2%
  • 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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Templeton SMACS: Series I
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Jun 03, 2019
  • Shares Outstanding
    372869
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Todd 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 -6.2% -48.4% 393.3% 95.11%
1 Yr -4.3% -54.3% 9.9% 96.42%
3 Yr N/A* -21.8% 8.3% N/A
5 Yr N/A* -0.9% 9.0% N/A
10 Yr N/A* 0.7% 9.2% N/A

* Annualized

Return Ranking - Calendar

Period FQTIX Return Category Return Low Category Return High Rank in Category (%)
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
2015 N/A -34.3% 3.5% N/A

Total Return Ranking - Trailing

Period FQTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.2% -48.4% 393.3% 95.11%
1 Yr -4.3% -54.3% 9.9% 93.23%
3 Yr N/A* -21.8% 8.3% N/A
5 Yr N/A* -1.1% 9.0% N/A
10 Yr N/A* 0.7% 9.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FQTIX Return Category Return Low Category Return High Rank in Category (%)
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
2015 N/A -32.4% 3.5% N/A

NAV & Total Return History

FQTIX - Holdings

Concentration Analysis

FQTIX Category Low Category High FQTIX % Rank
Net Assets 3.33 M 3.33 M 27.6 B 100.00%
Number of Holdings 32 1 2239 96.63%
Net Assets in Top 10 1.67 M -492 M 2.87 B 96.36%
Weighting of Top 10 50.09% 3.4% 100.0% 4.94%

Top 10 Holdings

  1. Tenet Healthcare Corporation 7% 9.22%
  2. Community Health Systems Incorporated 6.88% 6.56%
  3. Bausch Health Companies Inc 6.12% 5.56%
  4. Community Health Systems Incorporated 8% 5.16%
  5. Community Health Systems Incorporated 8% 4.52%
  6. Weatherford International Ltd Bermuda 8.75% 4.41%
  7. Government National Mortgage Association 3% 4.10%
  8. Government National Mortgage Association 3.5% 3.80%
  9. Ford Motor Company 9% 3.53%
  10. General Motors Company 6.12% 3.52%

Asset Allocation

Weighting Return Low Return High FQTIX % Rank
Bonds 		98.93% 0.00% 141.18% 9.58%
Cash 		1.07% -48.94% 100.00% 80.57%
Stocks 		0.00% -28.46% 28.23% 94.33%
Preferred Stocks 		0.00% 0.00% 7.97% 91.77%
Other 		0.00% -5.20% 58.14% 88.53%
Convertible Bonds 		0.00% 0.00% 19.96% 94.74%

Bond Sector Breakdown

Weighting Return Low Return High FQTIX % Rank
Corporate 		88.33% 0.00% 100.00% 82.30%
Securitized 		10.60% 0.00% 95.38% 3.11%
Cash & Equivalents 		1.07% 0.00% 100.00% 86.22%
Derivative 		0.00% 0.00% 51.02% 87.43%
Municipal 		0.00% 0.00% 16.25% 86.62%
Government 		0.00% 0.00% 74.11% 90.00%

Bond Geographic Breakdown

Weighting Return Low Return High FQTIX % Rank
US 		98.93% 0.00% 127.79% 1.21%
Non US 		0.00% -27.40% 96.73% 99.33%

FQTIX - Expenses

Operational Fees

FQTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.55% 0.04% 20.17% 2.49%
Management Fee 0.00% 0.00% 1.84% 1.09%
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% 1.00% 349.00% 31.33%

FQTIX - Distributions

Dividend Yield Analysis

FQTIX Category Low Category High FQTIX % Rank
Dividend Yield 0.00% 0.00% 6.06% 86.96%

Dividend Distribution Analysis

FQTIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FQTIX Category Low Category High FQTIX % Rank
Net Income Ratio 3.96% -0.81% 10.22% 89.67%

Capital Gain Distribution Analysis

FQTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

FQTIX - Fund Manager Analysis

Managers

Todd Brighton

Start Date

Tenure

Tenure Rank

Jun 03, 2019

1.41

1.4%

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

1.41

1.4%

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

1.41

1.4%

Edward Perks is chief investment officer of Franklin Templeton Multi-Asset 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
0.04 36.21 6.49 1.34

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