FRSTX: Franklin Strategic Income A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FRSTX Franklin Strategic Income A


Profile

FRSTX - Profile

Vitals

  • YTD Return -6.1%
  • 3 Yr Annualized Return -3.1%
  • 5 Yr Annualized Return -2.1%
  • Net Assets $3.91 B
  • Holdings in Top 10 38.0%

52 WEEK LOW AND HIGH

$9.00
$7.97
$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 -6.1%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.39%
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
    309287307
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Patricia O'Connor

Fund Description

Under normal market conditions, the fund invests at least 65% of its assets in U.S. and foreign debt securities, including those in emerging markets. Debt securities include all varieties of fixed, variable and floating rate income securities, including bonds, U.S. and foreign government and agency securities, corporate loans (and loan participations), mortgage-backed securities and other asset-backed securities and convertible securities.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

FRSTX - Performance

Return Ranking - Trailing

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -55.0% 5.4% 62.64%
1 Yr -6.3% -55.2% 10.9% 75.07%
3 Yr -3.1%* -38.2% 4.9% 74.83%
5 Yr -2.1%* -32.1% 17.2% 77.64%
10 Yr -1.0%* -5.3% 0.9% 81.30%

* Annualized

Return Ranking - Calendar

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -35.1% 15.3% 85.23%
2018 -5.9% -48.0% 0.8% 49.83%
2017 2.2% -14.8% 11.2% 55.20%
2016 5.2% -11.2% 19.1% 18.68%
2015 -8.5% -51.1% 4.0% 83.33%

Total Return Ranking - Trailing

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.1% -55.0% 5.4% 62.64%
1 Yr -6.3% -55.2% 6.2% 75.07%
3 Yr -1.1%* -38.2% 3.4% 54.42%
5 Yr 0.2%* -32.1% 17.2% 30.08%
10 Yr 3.0%* -5.3% 5.4% 17.89%

* Annualized

Total Return Ranking - Calendar

Period FRSTX Return Category Return Low Category Return High Rank in Category (%)
2019 3.8% -35.1% 15.3% 79.69%
2018 -2.2% -48.0% 4.8% 21.26%
2017 4.5% -14.8% 14.0% 39.07%
2016 8.0% -11.2% 22.5% 16.48%
2015 -4.3% -51.1% 4.0% 36.32%

NAV & Total Return History


Holdings

FRSTX - Holdings

Concentration Analysis

FRSTX Category Low Category High FRSTX % Rank
Net Assets 3.91 B 6.88 M 114 B 16.08%
Number of Holdings 802 6 7410 31.53%
Net Assets in Top 10 1.1 B -41 B 5.37 B 7.67%
Weighting of Top 10 38.04% 4.3% 214.0% 34.43%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 7.21%
  2. 10 Year Treasury Note Future June 20 6.75%
  3. 5 Year Treasury Note Future June 20 4.47%
  4. 2 Year Treasury Note Future June 20 4.27%
  5. Jpmorgan Chase Bank Na Iis Rcv Infl Cpurnsa 01/15/29 Usd 3.84%
  6. Jpmorgan Chase Bank Na Iis Rcv Infl Cpurnsa 01/15/29 Usd 3.57%
  7. Euro-Oat Future Jun20 Jun 20 Future 2.60%
  8. 3 Year Australian Treasury Bond Future June 20 2.24%
  9. United States Treasury Notes 0.12% 1.56%
  10. Barclays Bank Plc Trs Rcv Markit Iboxx Us Pay Us0003m 06/20/20 1.53%

Asset Allocation

Weighting Return Low Return High FRSTX % Rank
Bonds
122.34% 36.67% 233.78% 8.19%
Other
2.94% -24.69% 31.60% 6.82%
Convertible Bonds
0.21% 0.00% 15.09% 77.84%
Stocks
0.08% -0.56% 27.98% 50.85%
Preferred Stocks
0.00% 0.00% 51.94% 85.51%
Cash
-25.57% -144.73% 60.85% 93.47%

Stock Sector Breakdown

Weighting Return Low Return High FRSTX % Rank
Energy
59.75% 0.00% 100.00% 12.18%
Communication Services
32.10% 0.00% 100.00% 15.13%
Basic Materials
8.15% 0.00% 100.00% 7.14%
Utilities
0.00% 0.00% 100.00% 83.19%
Technology
0.00% 0.00% 52.93% 79.83%
Real Estate
0.00% 0.00% 100.00% 79.41%
Industrials
0.00% 0.00% 100.00% 78.99%
Healthcare
0.00% 0.00% 51.09% 82.77%
Financial Services
0.00% 0.00% 100.00% 84.45%
Consumer Defense
0.00% 0.00% 23.31% 79.41%
Consumer Cyclical
0.00% 0.00% 100.00% 90.76%

Stock Geographic Breakdown

Weighting Return Low Return High FRSTX % Rank
US
0.06% -0.62% 27.05% 50.00%
Non US
0.02% 0.00% 9.95% 29.83%

Bond Sector Breakdown

Weighting Return Low Return High FRSTX % Rank
Government
26.63% 0.00% 99.82% 24.72%
Corporate
25.86% 0.00% 92.34% 77.84%
Securitized
20.79% 0.00% 99.22% 46.59%
Derivative
18.64% -0.44% 41.70% 8.81%
Cash & Equivalents
5.42% 0.17% 59.29% 62.50%
Municipal
2.67% 0.00% 37.30% 9.66%

Bond Geographic Breakdown

Weighting Return Low Return High FRSTX % Rank
US
85.29% 19.65% 233.33% 25.57%
Non US
37.05% -74.15% 71.00% 12.50%

Expenses

FRSTX - Expenses

Operational Fees

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.06% 24.26% 70.12%
Management Fee 0.46% 0.00% 2.25% 21.88%
12b-1 Fee 0.25% 0.00% 1.00% 42.86%
Administrative Fee 0.15% 0.01% 0.70% 70.94%

Sales Fees

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 1.00% 5.75% 65.22%
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 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.

FRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 116.21% 0.00% 472.00% 79.14%

Distributions

FRSTX - Distributions

Dividend Yield Analysis

FRSTX Category Low Category High FRSTX % Rank
Dividend Yield 0.00% 0.00% 4.89% 75.69%

Dividend Distribution Analysis

FRSTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Semi-Monthly Monthly Monthly

Net Income Ratio Analysis

FRSTX Category Low Category High FRSTX % Rank
Net Income Ratio 4.39% 1.07% 10.10% 26.63%

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

4.25

4.3%

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

1.33

1.3%

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.

David Yuen


Start Date

Tenure

Tenure Rank

Oct 15, 2019

0.54

0.5%

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

0.54

0.5%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 28.98 5.68 5.33