FQTIX: Franklin Templeton SMACS: Series I

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FQTIX Franklin Templeton SMACS: Series I


Profile

FQTIX - Profile

Vitals

  • YTD Return -16.5%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $3.6 M
  • Holdings in Top 10 50.1%

52 WEEK LOW AND HIGH

$8.22
$7.46
$10.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 5.96%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return -16.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 7.61%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Templeton SMACS: Series I
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Jun 03, 2019
  • Shares Outstanding
    377684
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Todd Brighton

Fund Description

Under normal market conditions, the fund invests predominantly in debt securities. It may invest up to 100% of its total assets in debt securities that are rated below investment grade (also known as "junk bonds"), including a portion in defaulted securities. The fund may also invest up to 25% of its assets in foreign securities. It is non-diversified.


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Categories

Performance

FQTIX - Performance

Return Ranking - Trailing

Period FQTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.5% -29.0% 1.4% 61.84%
1 Yr N/A -30.2% 21.5% N/A
3 Yr N/A* -13.8% 6.6% N/A
5 Yr N/A* -10.0% 6.2% N/A
10 Yr N/A* -7.5% 8.5% N/A

* Annualized

Return Ranking - Calendar

Period FQTIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.2% 13.3% N/A
2018 N/A -13.5% 0.0% N/A
2017 N/A -9.5% 6.3% N/A
2016 N/A -0.8% 28.6% N/A
2015 N/A -34.3% 3.5% N/A

Total Return Ranking - Trailing

Period FQTIX Return Category Return Low Category Return High Rank in Category (%)
YTD -16.5% -29.0% 1.4% 61.84%
1 Yr N/A -30.2% 21.5% N/A
3 Yr N/A* -13.8% 6.6% N/A
5 Yr N/A* -10.0% 6.2% N/A
10 Yr N/A* -5.9% 8.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FQTIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -6.2% 13.3% N/A
2018 N/A -13.5% 1.3% N/A
2017 N/A -8.5% 10.5% N/A
2016 N/A -0.8% 39.0% N/A
2015 N/A -32.4% 3.5% N/A

NAV & Total Return History


Holdings

FQTIX - Holdings

Concentration Analysis

FQTIX Category Low Category High FQTIX % Rank
Net Assets 3.6 M 1.85 M 12 B 99.28%
Number of Holdings 33 3 1639 94.29%
Net Assets in Top 10 1.8 M -144 M 18.9 B 95.36%
Weighting of Top 10 50.14% 5.3% 99.1% 13.21%

Top 10 Holdings

  1. Tenet Healthcare Corporation 7% 8.59%
  2. Community Health Systems Incorporated 6.88% 6.79%
  3. Bausch Health Companies Inc 6.12% 5.11%
  4. Citigroup Inc. 5.88% 5.01%
  5. Community Health Systems Incorporated 8% 4.98%
  6. Community Health Systems Incorporated 8% 4.31%
  7. Government National Mortgage Association 4% 4.08%
  8. Government National Mortgage Association 3.5% 4.05%
  9. Chesapeake Energy Corporation 11.5% 3.62%
  10. Sprint Corporation 6% 3.58%

Asset Allocation

Weighting Return Low Return High FQTIX % Rank
Bonds
97.04% 4.58% 150.14% 24.47%
Cash
2.96% -31.43% 87.02% 58.21%
Stocks
0.00% -3.36% 23.17% 87.94%
Preferred Stocks
0.00% 0.00% 14.03% 85.00%
Other
0.00% -51.32% 10.94% 78.93%
Convertible Bonds
0.00% 0.00% 17.83% 91.07%

Bond Sector Breakdown

Weighting Return Low Return High FQTIX % Rank
Corporate
88.91% 0.00% 99.31% 50.18%
Securitized
8.13% 0.00% 93.44% 12.54%
Cash & Equivalents
2.96% -9.91% 87.02% 68.10%
Derivative
0.00% 0.00% 35.94% 76.34%
Municipal
0.00% 0.00% 18.42% 69.18%
Government
0.00% 0.00% 98.94% 84.23%

Bond Geographic Breakdown

Weighting Return Low Return High FQTIX % Rank
US
97.04% 4.58% 99.23% 2.14%
Non US
0.00% 0.00% 74.64% 99.29%

Expenses

FQTIX - Expenses

Operational Fees

FQTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.96% 0.04% 7.50% 1.09%
Management Fee 0.00% 0.00% 1.84% 0.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

FQTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FQTIX 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.

FQTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 14.00% 484.00% N/A

Distributions

FQTIX - Distributions

Dividend Yield Analysis

FQTIX Category Low Category High FQTIX % Rank
Dividend Yield 0.48% 0.00% 2.95% 26.76%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FQTIX Category Low Category High FQTIX % Rank
Net Income Ratio 7.61% -0.81% 9.72% 3.61%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FQTIX - Fund Manager Analysis

Managers

Todd Brighton


Start Date

Tenure

Tenure Rank

Jun 03, 2019

0.74

0.7%

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

0.74

0.7%

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

0.74

0.7%

Edward Perks is chief investment officer of Franklin Templeton Multi-Asset 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
0.16 30.6 5.95 2.33