FRSTX: Franklin Strategic Income A

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FRSTX Franklin Strategic Income A

  • Fund
  • FRSTX
  • Price as of: Dec 12, 2019
  • $9.57
    - $0.01 - 0.10%

Profile

FRSTX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $4.48 B
  • Holdings in Top 10 18.1%

52 WEEK LOW AND HIGH

$9.57
$9.25
$9.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 116.21%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.39%
DIVIDENDS
  • Dividend Yield 1.5%
  • 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
    318538789
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Patricia O'Connor

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.


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Categories

Performance

FRSTX - Performance

Return Ranking - Trailing

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -35.1% 13.7% 81.07%
1 Yr 2.2% -6.5% 19.3% 86.39%
3 Yr -0.1%* -11.6% 10.2% 81.10%
5 Yr -1.2%* -20.4% 9.3% 83.13%
10 Yr -0.3%* -3.6% 8.7% 87.30%

* Annualized

Return Ranking - Calendar

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -5.9% -48.0% 0.8% 49.20%
2017 2.2% -14.8% 11.2% 52.43%
2016 5.2% -11.2% 19.1% 18.98%
2015 -8.5% -51.1% -0.7% 83.54%
2014 -4.4% -29.8% 5.0% 90.40%

Total Return Ranking - Trailing

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -35.1% 13.7% 80.18%
1 Yr 3.0% -6.5% 19.3% 83.73%
3 Yr 2.1%* -13.3% 10.2% 40.55%
5 Yr 1.9%* -21.4% 9.3% 33.74%
10 Yr 4.0%* -3.6% 8.7% 30.16%

* Annualized

Total Return Ranking - Calendar

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -48.0% 4.8% 20.45%
2017 4.5% -14.8% 14.0% 37.85%
2016 8.0% -11.2% 22.5% 16.42%
2015 -4.3% -51.1% 3.8% 35.02%
2014 1.7% -29.8% 11.7% 32.32%

NAV & Total Return History


Holdings

FRSTX - Holdings

Concentration Analysis

FRSTX Category Low Category High FRSTX % Rank
Net Assets 4.48 B 6.44 M 132 B 14.74%
Number of Holdings 729 5 7570 34.10%
Net Assets in Top 10 705 M -42.1 B 5.96 B 10.89%
Weighting of Top 10 18.14% 6.6% 410.5% 65.33%

Top 10 Holdings

  1. Future on US 5 Year Note (CBT) 3.59%
  2. US 10 Year Note (CBT) Dec19 2.33%
  3. United States Treasury Notes 0.12% 2.15%
  4. United States Treasury Notes 3.12% 2.02%
  5. Goldman Sachs International Trs Rcv Markit Iboxx Us Pay Us0003m 03/20/20 1.37%
  6. Goldman Sachs International Trs Rcv Markit Iboxx Us Pay Us0003m 03/20/20 1.34%
  7. US Ultra Bond (CBT) Dec19 1.34%
  8. US 10 Year Ultra Future Dec19 1.34%
  9. Federal National Mortgage Association 3.5% 1.34%
  10. Federal National Mortgage Association 4% 1.33%

Asset Allocation

Weighting Return Low Return High FRSTX % Rank
Bonds
106.75% 31.88% 157.00% 8.02%
Other
3.30% -55.89% 27.77% 3.15%
Stocks
0.22% -25.45% 22.96% 43.84%
Preferred Stocks
0.00% 0.00% 64.36% 95.42%
Convertible Bonds
0.00% 0.00% 11.31% 96.85%
Cash
-10.27% -76.54% 62.04% 93.41%

Stock Sector Breakdown

Weighting Return Low Return High FRSTX % Rank
Energy
0.13% 0.00% 5.81% 16.67%
Industrials
0.03% -0.12% 4.62% 24.00%
Basic Materials
0.02% 0.00% 3.33% 25.00%
Utilities
0.00% -0.04% 5.90% 89.67%
Technology
0.00% -0.29% 4.99% 87.33%
Real Estate
0.00% -0.04% 2.84% 87.33%
Healthcare
0.00% -0.17% 5.08% 87.67%
Financial Services
0.00% -0.19% 7.13% 90.33%
Communication Services
0.00% -0.04% 4.45% 87.67%
Consumer Defense
0.00% -0.10% 4.40% 87.33%
Consumer Cyclical
0.00% -0.14% 4.97% 89.67%

Stock Geographic Breakdown

Weighting Return Low Return High FRSTX % Rank
US
0.20% -25.45% 22.23% 41.26%
Non US
0.02% 0.00% 4.62% 29.80%

Bond Sector Breakdown

Weighting Return Low Return High FRSTX % Rank
Securitized
38.64% 0.00% 111.40% 24.64%
Corporate
37.47% 0.00% 97.25% 70.77%
Government
29.11% -47.30% 99.34% 22.35%
Derivative
2.71% -5.84% 43.66% 9.17%
Municipal
1.53% 0.00% 39.07% 17.19%
Cash & Equivalents
-12.97% -76.54% 62.04% 93.41%

Bond Geographic Breakdown

Weighting Return Low Return High FRSTX % Rank
US
76.90% 14.19% 140.38% 34.38%
Non US
29.85% -13.53% 77.28% 22.35%

Expenses

FRSTX - Expenses

Operational Fees

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.00% 76.93% 72.29%
Management Fee 0.46% 0.00% 2.25% 20.17%
12b-1 Fee 0.25% 0.00% 1.00% 56.28%
Administrative Fee 0.15% 0.00% 0.50% 72.61%

Sales Fees

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 5.75% 70.00%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 116.21% 2.00% 899.00% 75.75%

Distributions

FRSTX - Distributions

Dividend Yield Analysis

FRSTX Category Low Category High FRSTX % Rank
Dividend Yield 1.47% 0.00% 6.88% 49.02%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FRSTX Category Low Category High FRSTX % Rank
Net Income Ratio 4.39% 0.86% 10.10% 26.20%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FRSTX - Fund Manager Analysis

Managers

Patricia O'Connor


Start Date

Tenure

Tenure Rank

Feb 01, 2016

3.83

3.8%

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


Start Date

Tenure

Tenure Rank

Dec 31, 2018

0.92

0.9%

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.

David Yuen


Start Date

Tenure

Tenure Rank

Oct 15, 2019

0.13

0.1%

David Yuen joined Franklin Templeton Investments in 2000.He was appointed Chief Investment Officer of Global Long/Short Absolute Return Strategy in 2010. Previously, he was co-CIO of US Large Cap Value Equities and CIO of the Advanced Value Fund (since 2009), as well as director of research for US Large Cap Value (since early 2008). Yuen had been the director of research for Emerging Markets Value since August 2002. He joined Bernstein in 1998 as a research analyst, covering the global retailing industry, and became a senior research analyst in 1999, covering retail, textile & apparel, gaming & lodging, and consumer appliances. Prior to joining Bernstein, Yuen worked as a senior vice president of The Coleman Company from 1994 to 1998. From 1988 to 1994, he was a consultant, then partner, at WKI, a management-consulting firm specializing in emerging-market strategies. Prior to that, Yuen was a consultant with Bain & Company. He received a BS in operations research from Columbia University’s School of Engineering in 1986. Location: New York

William Chong


Start Date

Tenure

Tenure Rank

Oct 15, 2019

0.13

0.1%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.56 5.28 0.92