- ISIN
- US35471D4043
- 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
FQTHX Performance Chart
Franklin Templeton SMACS: Series H (FQTHX) is up 3.3% since the beginning of the year. FQTHX is currently trading at $9 per share. Investors who bought $1,000 worth of FQTHX shares 5 years ago would now be looking at an investment worth $1,135.
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Returns By Period
Franklin Templeton SMACS: Series H (FQTHX) has returned 3.32% so far this year and 9.53% over the past 12 months.
Franklin Templeton SMACS: Series H
- 1D
- 0.11%
- 1M
- 2.40%
- YTD
- 3.32%
- 6M
- 3.93%
- 1Y
- 9.53%
- 3Y*
- 7.75%
- 5Y*
- 2.56%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FQTHX Monthly Returns History
Based on dividend-adjusted daily data since Jun 3, 2019, FQTHX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +7.5%, while the worst month was Mar 2020 at -9.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FQTHX closed higher 39% of trading days. The best single day was Mar 25, 2020 with a return of +4.1%, while the worst single day was Mar 12, 2020 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | 1.69% | -2.25% | 1.75% | 0.97% | 0.43% | 3.32% | ||||||
| 2025 | 1.07% | 1.84% | -1.63% | -1.20% | -0.43% | 0.97% | -1.33% | 0.82% | 3.81% | 1.55% | 0.41% | 0.04% | 5.94% |
| 2024 | 0.83% | 1.06% | 0.88% | -1.32% | 0.69% | 2.38% | 0.97% | 1.32% | 1.77% | -1.26% | 2.24% | -1.06% | 8.76% |
| 2023 | 4.04% | -2.70% | 1.52% | 0.34% | -0.09% | 1.55% | 0.71% | -0.72% | -3.77% | -3.06% | 7.49% | 3.79% | 8.88% |
| 2022 | -2.59% | -0.91% | -3.33% | -4.24% | 0.39% | -3.61% | 4.36% | -2.29% | -5.65% | -1.68% | 5.15% | -0.02% | -14.00% |
| 2021 | 1.45% | -1.02% | 0.69% | 1.34% | 0.92% | 0.96% | 1.59% | -0.02% | -0.90% | -0.23% | 1.28% | -0.11% | 6.04% |
Benchmark Metrics
Franklin Templeton SMACS: Series H has an annualized alpha of 2.67%, beta of 0.05, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since June 03, 2019.
- This fund participated in 36.74% of S&P 500 Index downside but only 23.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.03 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 0.03 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
- 2.67%
- Beta
- 0.05
- R²
- 0.03
- Upside Capture
- 23.14%
- Downside Capture
- 36.74%
Expense Ratio
FQTHX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FQTHX ranks 77 for risk / return — better than 77% 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 H (FQTHX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FQTHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.37 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.78 | +0.12 |
| Martin ratioReturn relative to average drawdown | 10.11 | 12.44 | -2.33 |
Dividends
Dividend History
Franklin Templeton SMACS: Series H provided a 5.05% dividend yield over the last twelve months, with an annual payout of $0.47 per share. The fund has been increasing its distributions for 6 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.62 | $0.55 | $0.33 | $0.33 | $0.32 | $0.31 | $0.14 |
Dividend yield | 5.05% | 6.76% | 5.86% | 3.67% | 3.82% | 3.03% | 3.05% | 1.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Templeton SMACS: Series H. 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 | $0.19 | ||||||
| 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 | $0.62 |
| 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 | $0.55 |
| 2023 | $0.02 | $0.03 | $0.03 | $0.00 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.33 |
| 2022 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.32 |
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 H. 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 H was 18.96%, occurring on Oct 25, 2022. Recovery took 445 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -18.96%Oct 2022 | 10mo 28d | 1y 9mo | 2y 8moDec 2021 - Aug 2024 |
COVID crash2020 | -16.14%Mar 2020 | 17d | 8mo 19d | 9mo 6dMar 2020 - Dec 2020 |
2025 selloff2025 | -6.97%Apr 2025 | 1mo 5d | 5mo 5d | 6mo 10dMar 2025 - Sep 2025 |
2026 pullback2026 | -3.30%Mar 2026 | 22d | 2mo 6d | 2mo 28dMar 2026 - May 2026 |
2024 pullback2024 | -2.83%Dec 2024 | 9d | 1mo 18d | 1mo 27dDec 2024 - Feb 2025 |
Drawdown Indicators
| FQTHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.96% | -56.78% | +37.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -9.10% | +5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -7.78% | -18.90% | +11.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.96% | -25.43% | +6.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -10.71% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.03% | -1.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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