Franklin Templeton SMACS: Series H (FQTHX)
The investment seeks to provide investors with a high current yield exempt from federal income taxes; the secondary goal is capital appreciation to the extent possible and consistent with the fund's principal investment goal. Under normal market conditions, the fund invests substantially all of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It does not necessarily focus its investments in a particular state or territory and will not invest more than 30% of its total assets in municipal securities of any one state or territory.
Fund Info
| ISIN | US35471D4043 |
|---|---|
| Issuer | Franklin Templeton |
| Inception Date | Jun 2, 2019 |
| Category | High Yield Muni |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
The Franklin Templeton SMACS: Series H has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Templeton SMACS: Series H, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin Templeton SMACS: Series H had a return of 1.02% year-to-date (YTD) and 7.60% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.02% | 6.92% |
| 1 month | -1.63% | -2.83% |
| 6 months | 13.06% | 23.86% |
| 1 year | 7.60% | 23.33% |
| 5 years (annualized) | N/A | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.83% | 1.06% | 0.88% | |||||||||
| 2023 | -3.77% | -2.64% | 7.49% | 3.79% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Franklin Templeton SMACS: Series H(FQTHX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Templeton SMACS: Series H (FQTHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin Templeton SMACS: Series H granted a 4.75% dividend yield in the last twelve months. The annual payout for that period amounted to $0.43 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.40 | $0.31 | $0.32 | $0.31 | $0.14 |
Dividend yield | 4.75% | 4.39% | 3.63% | 3.03% | 3.05% | 1.39% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | |||||||||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2022 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 19.09%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Franklin Templeton SMACS: Series H drawdown is 4.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.09% | Dec 1, 2021 | 227 | Oct 25, 2022 | — | — | — |
| -16.14% | Mar 3, 2020 | 14 | Mar 20, 2020 | 180 | Dec 4, 2020 | 194 |
| -2.16% | Feb 16, 2021 | 9 | Feb 26, 2021 | 48 | May 6, 2021 | 57 |
| -1.68% | Aug 5, 2021 | 58 | Oct 26, 2021 | 24 | Nov 30, 2021 | 82 |
| -1.19% | Sep 5, 2019 | 9 | Sep 17, 2019 | 15 | Oct 8, 2019 | 24 |
Volatility
Volatility Chart
The current Franklin Templeton SMACS: Series H volatility is 1.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.