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FRSTX Franklin Strategic Income A

  • Fund
  • FRSTX
  • Price as of: May 20, 2019
  • $9.59 - $0.01 - 0.10%
  • Category
  • Total Bond Market

FRSTX - Profile

Vitals

  • YTD Return 3.6%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return -2.1%
  • Net Assets $4.84 B
  • Holdings in Top 10 21.0%

52 WEEK LOW AND HIGH

$9.59
$9.25
$9.64

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 115.94%

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 4.0%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 324970727
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Roger Bayston

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 (%)
YTD 3.6% -1.4% 8.8% 17.83%
1 Yr 0.3% -16.4% 4.9% 77.73%
3 Yr 1.0%* -4.6% 43.7% 6.86%
5 Yr -2.1%* -5.8% 22.9% 94.56%
10 Yr 0.6%* -7.4% 15.9% 44.35%

* Annualized


Return Ranking - Calendar

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.9% -22.2% 3.1% 87.38%
2017 2.2% -5.1% 25.1% 18.16%
2016 5.2% -8.5% 192.8% 4.33%
2015 -8.5% -33.0% 3.0% 95.67%
2014 -4.4% -29.8% 32.1% 97.11%

Total Return Ranking - Trailing

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.0% -1.4% 8.8% 11.80%
1 Yr 3.3% -16.4% 8.0% 21.86%
3 Yr 3.6%* -4.6% 48.8% 4.46%
5 Yr 1.5%* -3.8% 28.1% 15.27%
10 Yr 5.3%* -7.4% 18.7% 4.52%

* Annualized


Total Return Ranking - Calendar

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -22.2% 7.9% 43.96%
2017 4.5% -4.6% 25.1% 11.38%
2016 8.0% -4.1% 204.3% 2.82%
2015 -4.3% -32.4% 4.2% 81.92%
2014 1.7% -29.8% 32.1% 48.00%

NAV & Total Return History

FRSTX - Holdings

Concentration Analysis

FRSTX Category Low Category High FRSTX % Rank
Net Assets 4.84 B 337 K 218 B 20.86%
Number of Holdings 677 3 17324 40.42%
Net Assets in Top 10 1.02 B -1.98 B 29.3 B 19.55%
Weighting of Top 10 20.97% 3.4% 1616.9% 64.61%

Top 10 Holdings

  1. Ffrmt-Franklin Lower Tier Floa 4.55%

  2. Ffrmt-Franklin Middle Tier Flo 4.02%

  3. United States Treasury Notes 3.12% 2.43%

  4. Federal Home Loan Mortgage Corporation 4% 2.01%

  5. United States Treasury Notes 0.12% 1.96%

  6. Government National Mortgage Association 5% 1.40%

  7. Federal National Mortgage Association 3.5% 1.30%

  8. Federal Home Loan Mortgage Corporation 3.5% 1.25%

  9. United States Treasury Bonds 3% 1.07%

  10. Fieldwood Energy Llc 0.98%


Asset Allocation

Weighting Return Low Return High FRSTX % Rank
Bonds
95.19% -342.57% 340.77% 48.91%
Other
8.95% -98.75% 19.81% 1.66%
Stocks
0.34% -0.99% 97.68% 11.53%
Preferred Stocks
0.00% -0.18% 20.25% 79.72%
Convertible Bonds
0.00% 0.00% 28.21% 92.51%
Cash
-4.49% -246.66% 453.71% 87.34%

Stock Sector Breakdown

Weighting Return Low Return High FRSTX % Rank
Energy
0.13% -0.07% 12.15% 16.55%
Industrials
0.03% -0.15% 11.90% 19.98%
Basic Materials
0.02% -0.07% 7.31% 16.31%
Utilities
0.00% -0.05% 6.86% 72.81%
Technology
0.00% -0.32% 12.59% 70.33%
Real Estate
0.00% -0.03% 11.03% 71.75%
Healthcare
0.00% -0.21% 10.12% 70.09%
Financial Services
0.00% -0.20% 19.84% 74.70%
Communication Services
0.00% -0.05% 4.13% 72.10%
Consumer Defense
0.00% -0.21% 11.75% 69.39%
Consumer Cyclical
0.00% -0.17% 9.93% 73.64%

Stock Geographic Breakdown

Weighting Return Low Return High FRSTX % Rank
US
0.31% -7.14% 57.02% 9.94%
Non US
0.03% -0.62% 92.84% 10.60%

Bond Sector Breakdown

Weighting Return Low Return High FRSTX % Rank
Corporate
41.88% 0.00% 128.48% 36.85%
Securitized
35.78% 0.00% 102.58% 45.26%
Government
10.37% -203.24% 178.24% 72.03%
Municipal
1.62% 0.00% 102.07% 13.52%
Derivative
-0.06% -190.53% 299.06% 88.54%
Cash & Equivalents
-4.53% -547.52% 455.04% 87.67%

Bond Geographic Breakdown

Weighting Return Low Return High FRSTX % Rank
US
75.64% -337.34% 218.41% 69.78%
Non US
19.55% -108.37% 122.36% 20.28%

FRSTX - Expenses

Operational Fees

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.00% 38.42% 46.72%
Management Fee 0.45% 0.00% 2.15% 65.30%
12b-1 Fee 0.25% 0.00% 1.00% 46.49%
Administrative Fee 0.15% 0.00% 0.63% 74.64%

Sales Fees

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 49.26%
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 115.94% 0.00% 2337.00% 62.56%

FRSTX - Distributions

Dividend Yield Analysis

FRSTX Category Low Category High FRSTX % Rank
Dividend Yield 0.04% 0.00% 2.87% 21.06%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FRSTX Category Low Category High FRSTX % Rank
Net Income Ratio 3.93% -2.82% 7.22% 7.55%

Capital Gain Distribution Analysis

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

FRSTX - Managers

Roger Bayston

Manager

Start Date

Tenure

Tenure Rank

May 01, 2015

4.0

4.0%

Roger Bayston, CFA, is a senior vice president and a senior portfolio manager for Franklin Templeton Fixed Income Group. Mr. Bayston directs a staff performing research and trading responsibilities for government-, mortgage- and asset-backed securities. Before joining Franklin Templeton Investments in 1991, Mr. Bayston managed portfolios for Bankers Trust Company's Investment Management Group. Mr. Bayston holds a B.S. from the University of Virginia and an M.B.A. from the University of California at Los Angeles. He is a member of the Security Analysts of San Francisco and CFA Institute.


Patricia O'Connor

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2016

3.24

3.2%

Patricia O'Connor, CFA, VP, is a vice president and portfolio manager for the Franklin Templeton Fixed Income Group. 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 holds a B.S. in accounting from Lehigh University and an M.B.A. in finance and economics from the University of Chicago. She is a Chartered Financial Analyst (CFA) charterholder, as well as a member of the CFA Society of San Francisco and CFA Institute.


Sonal Desai

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2018

0.33

0.3%

Sonal Desai, PhD, EVP, is Franklin Templeton Fixed Income Group’s Chief Investment Officer, a portfolio manager for several fixed income funds and a member of the firm's executive committee. Dr. Desai started her career in 1994 as a university academic, followed by six years at the International Monetary Fund after which she joined the private sector. She started working at Franklin Templeton in 2009. She holds a PhD(Econ) from Northwestern Univ. and a BA(Econ) from Delhi Univ.


Tenure Analysis

Category Low

0.0

Category High

30.35

Category Average

6.92

Category Mode

6.95