- 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 1.9% 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 $1,099.
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Returns By Period
Franklin Templeton SMACS: Series H (FQTHX) has returned 1.87% so far this year and 8.26% over the past 12 months.
Franklin Templeton SMACS: Series H
- 1D
- -0.43%
- 1M
- -2.24%
- 6M
- 1.12%
- YTD
- 1.87%
- 1Y
- 8.26%
- 3Y*
- 6.64%
- 5Y*
- 1.91%
- 10Y*
- —
- ALL TIME*
- 3.08%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
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 +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 63% of months were positive and 37% 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% | 1.28% | -2.24% | 1.87% | |||||
| 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 2.43%, 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 37.63% 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
- 2.43%
- Beta
- 0.05
- R²
- 0.03
- Upside Capture
- 23.14%
- Downside Capture
- 37.63%
Expense Ratio
FQTHX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FQTHX ranks 91 for risk / return — above 91% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return 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 | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.25 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.00 | +0.89 |
| Martin ratioReturn relative to average drawdown | 10.89 | 8.49 | +2.40 |
Dividends
Dividend History
Franklin Templeton SMACS: Series H provided a 4.74% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 6 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.62 | $0.55 | $0.33 | $0.33 | $0.32 | $0.31 | $0.14 |
Dividend yield | 4.74% | 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 | $0.04 | $0.00 | $0.23 | |||||
| 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.
The current Franklin Templeton SMACS: Series H drawdown is 2.24%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.96%Oct 2022 | 10mo 28d | 1y 9mo | 2y 8moDec 2021 - Aug 2024 | Bear market2022 |
-16.14%Mar 2020 | 17d | 8mo 19d | 9mo 6dMar 2020 - Dec 2020 | COVID crash2020 |
-6.97%Apr 2025 | 1mo 5d | 5mo 5d | 6mo 10dMar 2025 - Sep 2025 | 2025 selloff2025 |
-3.30%Mar 2026 | 25d | 2mo 3d | 2mo 28dMar 2026 - May 2026 | — |
-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 | -7.19% | -18.90% | +11.71% |
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 | -2.24% | -1.58% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -10.70% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.14% | -1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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