Franklin Templeton SMACS: Series E
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.8%
1 yr return
8.8%
3 Yr Avg Return
8.0%
5 Yr Avg Return
N/A
Net Assets
$110 M
Holdings in Top 10
29.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 49.90%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FQTEX - Profile
Distributions
- YTD Total Return 1.8%
- 3 Yr Annualized Total Return 8.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.05%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFranklin Templeton SMACS: Series E
-
Fund Family NameFranklin Templeton Investments
-
Inception DateJun 03, 2019
-
Shares Outstanding610745
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTodd Brighton
Fund Description
Under normal market conditions, the Fund invests predominantly in equity securities, which consist primarily of common stocks. The Fund may invest in securities from any capitalization range, primarily large cap securities. The Fund may also invest in securities that are convertible into common stock. The Fund may also invest up to 25% of its assets in foreign securities, either directly or through depositary receipts.
The Fund is a “non-diversified” fund, which means that it generally invests a greater proportion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund. The Fund maintains the flexibility to invest in securities of companies from a variety of sectors, but from time to time, based on economic conditions, the Fund may have significant investments in particular sectors.
The Fund regularly uses a variety of equity-related derivatives and complex equity securities, which may include purchasing or selling call and put options on equity securities and equity security indices, futures on equity securities and equity indexes, options on equity index futures and equity-linked notes, for various purposes including enhancing Fund returns, increasing liquidity, gaining exposure to particular instruments in more efficient or less expensive ways and/or hedging risks relating to changes in certain equity markets. The use of such derivative transactions may allow the Fund to obtain net long (i.e., the Fund would benefit if the price of the investment increases) or net short exposures (i.e., the Fund would benefit if the price of the investment decreases) to selected markets or countries.
The Fund seeks income by selecting stocks with dividend yields the investment manager believes are attractive. The Fund’s investment manager searches for undervalued or out-of-favor securities it believes offer opportunities for income today and significant growth tomorrow. In analyzing securities, the investment manager considers a variety of factors, including:
·a security’s relative value based on such factors as anticipated cash flow, interest or dividend coverage, asset coverage, and earnings prospects;
·the experience and strength of the company’s management;
·the company’s changing financial condition and market recognition of the change;
·the company’s sensitivity to changes in interest rates and business conditions; and
·the company’s debt maturity schedules and borrowing requirements.
·When choosing investments for the Fund, the investment manager applies a “bottom-up,” value oriented, long-term approach, focusing on the market price of a company’s securities relative to the investment manager’s evaluation of the company’s long-term earnings, asset value and cash flow potential. The investment manager also considers a company’s price/earnings ratio, profit margins and liquidation value.
FQTEX - Performance
Return Ranking - Trailing
Period | FQTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | -3.1% | 16.8% | 73.99% |
1 Yr | 8.8% | -3.0% | 43.1% | 83.45% |
3 Yr | 8.0%* | -8.9% | 9.9% | 2.10% |
5 Yr | N/A* | 0.1% | 12.6% | N/A |
10 Yr | N/A* | -0.6% | 11.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | FQTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -6.9% | 29.3% | 84.41% |
2022 | -8.2% | -37.4% | -8.2% | 0.35% |
2021 | 12.8% | -9.8% | 25.4% | 11.66% |
2020 | -1.5% | -21.0% | 25.4% | 95.90% |
2019 | N/A | -8.3% | 27.9% | N/A |
Total Return Ranking - Trailing
Period | FQTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | -3.1% | 16.8% | 73.99% |
1 Yr | 8.8% | -3.0% | 43.1% | 83.45% |
3 Yr | 8.0%* | -8.9% | 9.9% | 2.10% |
5 Yr | N/A* | 0.1% | 12.6% | N/A |
10 Yr | N/A* | -0.6% | 11.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FQTEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.6% | -0.9% | 33.0% | 83.05% |
2022 | -0.9% | -36.0% | -0.9% | 0.35% |
2021 | 25.4% | -7.8% | 33.9% | 3.89% |
2020 | 3.3% | -16.2% | 25.4% | 95.15% |
2019 | N/A | 7.3% | 34.8% | N/A |
NAV & Total Return History
FQTEX - Holdings
Concentration Analysis
FQTEX | Category Low | Category High | FQTEX % Rank | |
---|---|---|---|---|
Net Assets | 110 M | 1.11 M | 120 B | 87.54% |
Number of Holdings | 112 | 4 | 2543 | 23.57% |
Net Assets in Top 10 | 27.9 M | 1.06 M | 30.6 B | 92.26% |
Weighting of Top 10 | 29.40% | 19.8% | 102.8% | 82.15% |
Top 10 Holdings
- Merck Co., Inc. 4.86%
- Coca-Cola Co. (The) 3.39%
- Institutional Fiduciary Trust - Money Market Portfolio 3.15%
- Analog Devices, Inc. 2.90%
- Truist Financial Corp. 2.88%
- TotalEnergies SE 2.51%
- Philip Morris International, Inc. 2.46%
- Oracle Corp. 2.45%
- US Bancorp 2.41%
- Citigroup, Inc. 2.38%
Asset Allocation
Weighting | Return Low | Return High | FQTEX % Rank | |
---|---|---|---|---|
Stocks | 53.51% | 0.00% | 100.68% | 90.57% |
Bonds | 41.65% | 0.00% | 104.15% | 0.67% |
Cash | 3.15% | -7.71% | 88.58% | 30.30% |
Preferred Stocks | 1.95% | 0.00% | 18.32% | 4.04% |
Convertible Bonds | 0.00% | 0.00% | 26.48% | 96.61% |
Other | -0.24% | -0.24% | 31.76% | 100.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FQTEX % Rank | |
---|---|---|---|---|
Utilities | 26.57% | 0.00% | 31.67% | 0.68% |
Healthcare | 11.92% | 0.00% | 36.30% | 72.54% |
Basic Materials | 10.70% | 0.00% | 11.49% | 1.69% |
Communication Services | 9.91% | 0.00% | 26.62% | 14.24% |
Industrials | 9.86% | 1.16% | 32.55% | 56.61% |
Consumer Cyclical | 9.73% | 0.00% | 16.01% | 69.49% |
Consumer Defense | 7.01% | 0.00% | 14.86% | 35.59% |
Technology | 6.41% | 3.31% | 52.93% | 98.31% |
Energy | 5.26% | 0.00% | 29.22% | 36.61% |
Financial Services | 2.61% | 0.28% | 52.80% | 97.97% |
Real Estate | 0.00% | 0.00% | 33.86% | 97.63% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FQTEX % Rank | |
---|---|---|---|---|
US | 53.51% | 0.00% | 100.68% | 83.16% |
Non US | 0.00% | 0.00% | 20.23% | 83.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FQTEX % Rank | |
---|---|---|---|---|
Corporate | 82.51% | 0.00% | 98.43% | 5.08% |
Cash & Equivalents | 3.15% | 0.00% | 85.16% | 30.98% |
Securitized | 0.00% | 0.00% | 37.97% | 94.58% |
Municipal | 0.00% | 0.00% | 17.02% | 89.83% |
Government | 0.00% | 0.00% | 99.71% | 97.63% |
Derivative | -0.24% | -0.24% | 31.76% | 100.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FQTEX % Rank | |
---|---|---|---|---|
US | 41.65% | 0.00% | 104.15% | 0.67% |
Non US | 0.00% | 0.00% | 2.72% | 77.78% |
FQTEX - Expenses
Operational Fees
FQTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.04% | 4.67% | 97.31% |
Management Fee | 0.00% | 0.00% | 1.25% | 19.87% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
FQTEX 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% | 5.00% | N/A |
Trading Fees
FQTEX 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.
FQTEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 49.90% | 4.00% | 236.00% | 68.68% |
FQTEX - Distributions
Dividend Yield Analysis
FQTEX | Category Low | Category High | FQTEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.15% | 3.70% |
Dividend Distribution Analysis
FQTEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
FQTEX | Category Low | Category High | FQTEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.05% | -1.12% | 6.07% | 7.29% |
Capital Gain Distribution Analysis
FQTEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 25, 2024 | $0.079 | OrdinaryDividend |
Feb 26, 2024 | $0.064 | OrdinaryDividend |
Jan 26, 2024 | $0.061 | OrdinaryDividend |
Dec 26, 2023 | $0.052 | OrdinaryDividend |
Nov 27, 2023 | $0.065 | OrdinaryDividend |
Oct 26, 2023 | $0.065 | OrdinaryDividend |
Sep 26, 2023 | $0.056 | OrdinaryDividend |
Aug 28, 2023 | $0.064 | OrdinaryDividend |
Jul 26, 2023 | $0.056 | OrdinaryDividend |
Jun 27, 2023 | $0.050 | OrdinaryDividend |
May 25, 2023 | $0.091 | OrdinaryDividend |
Apr 25, 2023 | $0.072 | OrdinaryDividend |
Mar 28, 2023 | $0.076 | OrdinaryDividend |
Feb 23, 2023 | $0.090 | OrdinaryDividend |
Jan 26, 2023 | $0.041 | OrdinaryDividend |
Dec 27, 2022 | $0.042 | OrdinaryDividend |
Nov 25, 2022 | $0.053 | OrdinaryDividend |
Oct 26, 2022 | $0.022 | OrdinaryDividend |
Sep 27, 2022 | $0.062 | OrdinaryDividend |
Aug 26, 2022 | $0.077 | OrdinaryDividend |
Jul 26, 2022 | $0.045 | OrdinaryDividend |
Jun 27, 2022 | $0.074 | OrdinaryDividend |
May 25, 2022 | $0.087 | OrdinaryDividend |
Apr 26, 2022 | $0.032 | OrdinaryDividend |
Mar 28, 2022 | $0.090 | OrdinaryDividend |
Feb 23, 2022 | $0.071 | OrdinaryDividend |
Jan 26, 2022 | $0.050 | OrdinaryDividend |
Nov 01, 2021 | $0.047 | OrdinaryDividend |
Oct 01, 2021 | $0.067 | OrdinaryDividend |
Sep 01, 2021 | $0.060 | OrdinaryDividend |
Aug 02, 2021 | $0.038 | OrdinaryDividend |
Jul 01, 2021 | $0.043 | OrdinaryDividend |
Jun 01, 2021 | $0.027 | OrdinaryDividend |
May 03, 2021 | $0.025 | OrdinaryDividend |
Apr 01, 2021 | $0.070 | OrdinaryDividend |
Mar 01, 2021 | $0.042 | OrdinaryDividend |
Feb 01, 2021 | $0.027 | OrdinaryDividend |
Dec 01, 2020 | $0.070 | OrdinaryDividend |
Nov 02, 2020 | $0.024 | OrdinaryDividend |
Oct 01, 2020 | $0.039 | OrdinaryDividend |
Sep 01, 2020 | $0.046 | OrdinaryDividend |
Aug 03, 2020 | $0.025 | OrdinaryDividend |
Jul 01, 2020 | $0.050 | OrdinaryDividend |
Jun 01, 2020 | $0.062 | OrdinaryDividend |
May 01, 2020 | $0.017 | OrdinaryDividend |
Apr 01, 2020 | $0.048 | OrdinaryDividend |
Mar 02, 2020 | $0.068 | OrdinaryDividend |
Feb 03, 2020 | $0.023 | OrdinaryDividend |
Nov 05, 2019 | $0.034 | OrdinaryDividend |
Oct 03, 2019 | $0.022 | OrdinaryDividend |
Sep 05, 2019 | $0.055 | OrdinaryDividend |
Aug 05, 2019 | $0.023 | OrdinaryDividend |
Jul 03, 2019 | $0.018 | OrdinaryDividend |
FQTEX - Fund Manager Analysis
Managers
Todd Brighton
Start Date
Tenure
Tenure Rank
Jun 03, 2019
2.99
3.0%
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
2.99
3.0%
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
2.99
3.0%
Edward Perks is chief investment officer of Franklin Templeton Investment 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 |
---|---|---|---|
0.08 | 38.44 | 7.41 | 2.41 |