- ISIN
- US35471D3052
- Issuer
- Franklin Templeton
- Inception Date
- Jun 2, 2019
- Category
- High Yield Muni
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FQCHX Performance Chart
Franklin Templeton SMACS: Series CH (FQCHX) is up 2.3% since the beginning of the year. FQCHX is currently trading at $9 per share. Investors who bought $1,000 worth of FQCHX shares 5 years ago would now be looking at an investment worth $1,071.
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Returns By Period
Franklin Templeton SMACS: Series CH (FQCHX) has returned 2.30% so far this year and 7.96% over the past 12 months.
Franklin Templeton SMACS: Series CH
- 1D
- 0.00%
- 1M
- 1.06%
- YTD
- 2.30%
- 6M
- 3.28%
- 1Y
- 7.96%
- 3Y*
- 6.44%
- 5Y*
- 1.39%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
FQCHX Monthly Returns History
Based on dividend-adjusted daily data since Jun 3, 2019, FQCHX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +7.8%, while the worst month was Mar 2020 at -9.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FQCHX closed higher 38% of trading days. The best single day was Mar 25, 2020 with a return of +6.4%, while the worst single day was Apr 1, 2020 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.13% | 1.46% | -1.50% | 1.28% | 0.94% | 0.00% | 2.30% | ||||||
| 2025 | 0.62% | 1.64% | -1.16% | -0.70% | -0.44% | 0.33% | -1.05% | 0.50% | 3.08% | 1.20% | 0.31% | 0.61% | 4.96% |
| 2024 | -0.13% | 0.32% | 0.57% | -1.65% | 0.86% | 4.80% | 1.12% | 1.15% | 1.75% | -1.54% | 1.86% | -0.43% | 8.85% |
| 2023 | 3.62% | -3.05% | 2.19% | -0.46% | -0.86% | 1.39% | 0.97% | -1.78% | -3.82% | -2.94% | 6.78% | 3.30% | 4.90% |
| 2022 | -3.18% | -0.82% | -4.12% | -6.20% | 2.70% | -4.52% | 5.67% | -2.52% | -5.97% | -2.67% | 7.83% | -0.02% | -13.94% |
| 2021 | 2.35% | -1.67% | 0.71% | 1.75% | 1.13% | 0.78% | 1.04% | -0.39% | -0.97% | 0.17% | 1.17% | -0.16% | 6.00% |
Benchmark Metrics
Franklin Templeton SMACS: Series CH has an annualized alpha of 2.16%, beta of 0.05, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since June 04, 2019.
- This fund participated in 38.74% of S&P 500 Index downside but only 22.33% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.16%
- Beta
- 0.05
- R²
- 0.02
- Upside Capture
- 22.33%
- Downside Capture
- 38.74%
Expense Ratio
FQCHX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FQCHX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Templeton SMACS: Series CH (FQCHX) and compare them to S&P 500 Index.
| FQCHX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.17 | 2.39 | -0.22 |
Sortino ratioReturn per unit of downside risk | 3.57 | 3.25 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.43 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.84 | 3.11 | -0.27 |
Martin ratioReturn relative to average drawdown | 10.02 | 14.38 | -4.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Franklin Templeton SMACS: Series CH provided a 5.48% dividend yield over the last twelve months, with an annual payout of $0.47 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.63 | $0.54 | $0.34 | $0.36 | $0.35 | $0.34 | $0.32 |
Dividend yield | 5.48% | 7.32% | 6.12% | 3.92% | 4.22% | 3.39% | 3.35% | 3.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Templeton SMACS: Series CH. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.20 | ||||||
| 2025 | $0.08 | $0.07 | $0.08 | $0.08 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.63 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.08 | $0.54 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.00 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.00 | $0.03 | $0.04 | $0.34 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.36 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Templeton SMACS: Series CH. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Templeton SMACS: Series CH was 21.05%, occurring on Oct 25, 2022. Recovery took 587 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -21.05%Oct 2022 | 10mo 22d | 2y 4mo | 3y 2moDec 2021 - Feb 2025 |
COVID crash2020 | -16.86%Mar 2020 | 21d | 9mo 27d | 10mo 18dMar 2020 - Jan 2021 |
2025 selloff2025 | -5.57%Apr 2025 | 1mo 7d | 5mo 9d | 6mo 16dMar 2025 - Sep 2025 |
2026 pullback2026 | -2.64%Mar 2026 | 22d | 2mo 6d | 2mo 28dMar 2026 - May 2026 |
2021 pullback2021 | -2.42%Mar 2021 | 14d | 1mo 29d | 2mo 13dFeb 2021 - Apr 2021 |
Drawdown Indicators
| FQCHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.05% | -56.78% | +35.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -9.10% | +6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -8.54% | -18.90% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | -25.43% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -10.72% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 1.97% | -1.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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