FSMZX: Franklin Strategic Mortgage Adv

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FSMZX Franklin Strategic Mortgage Adv


Profile

FSMZX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return -0.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $63.6 M
  • Holdings in Top 10 46.6%

52 WEEK LOW AND HIGH

$9.30
$8.93
$9.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.99%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 223.36%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.18%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Strategic Mortgage Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Feb 01, 2012
  • Shares Outstanding
    1031056
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Varunok

Fund Description

The fund invests at least 80% of its net assets in mortgage securities. It invests substantially in mortgage securities that are issued or guaranteed by the U.S. government, its agencies or instrumentalities, which include mortgage pass-through securities representing interests in "pools" of mortgage loans issued or guaranteed by the Government National Mortgage Association, Fannie Mae, and Freddie Mac. The fund may invest up to 15% of its net assets in foreign securities, which may include non-U.S. dollar denominated foreign mortgage securities.


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Categories

Performance

FSMZX - Performance

Return Ranking - Trailing

Period FSMZX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -27.9% 5.2% 66.23%
1 Yr 1.3% -28.8% 4.8% 66.23%
3 Yr -0.2%* -13.4% 2.0% 70.77%
5 Yr N/A* -10.9% 0.9% 15.00%
10 Yr N/A* -3.4% 1.3% 8.33%

* Annualized

Return Ranking - Calendar

Period FSMZX Return Category Return Low Category Return High Rank in Category (%)
2019 2.2% -1.1% 4.7% 46.75%
2018 -3.2% -9.3% -1.2% 85.71%
2017 -0.4% -2.1% 10.9% 90.63%
2016 N/A -9.1% 4.1% N/A
2015 N/A -10.6% -0.6% N/A

Total Return Ranking - Trailing

Period FSMZX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -27.9% 5.2% 66.23%
1 Yr 1.3% -28.8% 4.8% 66.23%
3 Yr -0.2%* -13.4% 3.5% 70.77%
5 Yr N/A* -10.9% 2.9% 21.67%
10 Yr N/A* -3.4% 3.5% 6.25%

* Annualized

Total Return Ranking - Calendar

Period FSMZX Return Category Return Low Category Return High Rank in Category (%)
2019 2.2% -1.1% 5.1% 46.75%
2018 -3.2% -9.3% 2.0% 85.71%
2017 -0.4% -2.1% 10.9% 98.44%
2016 N/A -9.1% 4.1% N/A
2015 N/A -10.6% 2.5% N/A

NAV & Total Return History


Holdings

FSMZX - Holdings

Concentration Analysis

FSMZX Category Low Category High FSMZX % Rank
Net Assets 63.6 M 10.3 M 12.7 B 90.91%
Number of Holdings 340 3 3172 80.52%
Net Assets in Top 10 29.7 M -1.95 B 3.13 B 75.32%
Weighting of Top 10 46.60% 5.5% 99.8% 34.33%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High FSMZX % Rank
Bonds
96.51% 83.92% 206.57% 59.74%
Cash
3.49% -114.99% 15.22% 44.16%
Stocks
0.00% 0.00% 1.58% 72.73%
Preferred Stocks
0.00% 0.00% 1.18% 72.73%
Other
0.00% -7.63% 1.70% 53.25%
Convertible Bonds
0.00% 0.00% 3.96% 72.73%

Bond Sector Breakdown

Weighting Return Low Return High FSMZX % Rank
Securitized
83.13% 39.00% 98.62% 42.86%
Cash & Equivalents
9.18% 1.11% 39.28% 55.84%
Government
7.39% 0.00% 20.60% 20.78%
Corporate
0.15% 0.00% 20.80% 41.56%
Municipal
0.15% 0.00% 1.38% 15.58%
Derivative
0.00% 0.00% 7.20% 76.62%

Bond Geographic Breakdown

Weighting Return Low Return High FSMZX % Rank
US
96.51% 74.10% 173.62% 59.74%
Non US
0.00% 0.00% 32.95% 79.22%

Expenses

FSMZX - Expenses

Operational Fees

FSMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.99% 0.05% 21.33% 51.95%
Management Fee 0.40% 0.00% 1.63% 67.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.45% 77.55%

Sales Fees

FSMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FSMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

FSMZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 223.36% 7.00% 370.00% 68.42%

Distributions

FSMZX - Distributions

Dividend Yield Analysis

FSMZX Category Low Category High FSMZX % Rank
Dividend Yield 0.30% 0.00% 0.42% 3.90%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FSMZX Category Low Category High FSMZX % Rank
Net Income Ratio 3.18% 0.98% 8.11% 24.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FSMZX - Fund Manager Analysis

Managers

Paul Varunok


Start Date

Tenure

Tenure Rank

Dec 31, 2001

18.51

18.5%

Mr. Varunok is portfolio manager of Franklin Advisers. He joined Franklin Templeton Investments in 2001. Previously, Varunok was a fixed-income analyst for Prudential Securities, Inc.

David Yuen


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.51

14.5%

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

Neil Dhruv


Start Date

Tenure

Tenure Rank

Oct 24, 2019

0.68

0.7%

Portfolio Manager of FT Institutional and portfolio manager of FRANKLIN STRATEGIC MORTGAGE PORTFOLIO since October 2019.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.54 24.52 6.87 9.67