- ISIN
- US35471D2062
- Issuer
- Franklin Templeton
- Inception Date
- Jun 3, 2019
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FQTIX Performance Chart
Franklin Templeton SMACS: Series I (FQTIX) is up 3.8% since the beginning of the year. FQTIX is currently trading at $8 per share. Investors who bought $1,000 worth of FQTIX shares 5 years ago would now be looking at an investment worth $1,203.
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Returns By Period
Franklin Templeton SMACS: Series I (FQTIX) has returned 3.81% so far this year and 9.68% over the past 12 months.
Franklin Templeton SMACS: Series I
- 1D
- 0.12%
- 1M
- 0.74%
- YTD
- 3.81%
- 6M
- 4.18%
- 1Y
- 9.68%
- 3Y*
- 8.41%
- 5Y*
- 3.76%
- 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%
FQTIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 3, 2019, FQTIX's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +6.5%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FQTIX closed higher 47% of trading days. The best single day was Mar 26, 2020 with a return of +5.2%, while the worst single day was Mar 9, 2020 at -4.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.32% | 1.06% | -1.34% | 1.75% | 0.74% | 0.24% | 3.81% | ||||||
| 2025 | 0.00% | 0.38% | -1.87% | 0.66% | 2.37% | 1.37% | 0.39% | 1.26% | 0.63% | 0.88% | 0.39% | 0.85% | 7.51% |
| 2024 | 0.01% | -0.39% | 1.68% | -1.87% | 1.96% | 1.18% | 2.33% | 2.04% | 1.90% | -1.18% | 0.64% | -0.44% | 8.03% |
| 2023 | 4.89% | -0.71% | 1.34% | 1.44% | -1.63% | 1.80% | 1.02% | -0.50% | -2.21% | -3.46% | 6.50% | 4.69% | 13.44% |
| 2022 | -1.73% | -0.37% | -0.59% | -4.32% | -1.85% | -7.90% | 4.70% | -2.72% | -4.55% | 1.95% | 3.37% | -0.75% | -14.39% |
| 2021 | 1.79% | 0.56% | 0.63% | 1.35% | 0.56% | 1.23% | -0.12% | 0.60% | -0.02% | -0.25% | -0.75% | 2.65% | 8.51% |
Benchmark Metrics
Franklin Templeton SMACS: Series I has an annualized alpha of 1.58%, beta of 0.20, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 03, 2019.
- This fund participated in 46.59% of S&P 500 Index downside but only 31.45% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.20 may look defensive, but with R2 of 0.27 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 0.27 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
- 1.58%
- Beta
- 0.20
- R²
- 0.27
- Upside Capture
- 31.45%
- Downside Capture
- 46.59%
Expense Ratio
FQTIX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FQTIX ranks 95 for risk / return — in the top 95% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Templeton SMACS: Series I (FQTIX) 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.
| FQTIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.37 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 2.78 | +1.72 |
| Martin ratioReturn relative to average drawdown | 23.67 | 12.44 | +11.23 |
Dividends
Dividend History
Franklin Templeton SMACS: Series I provided a 6.83% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.46 | $0.63 | $0.61 | $0.62 | $0.68 | $0.65 | $0.55 |
Dividend yield | 6.83% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Templeton SMACS: Series I. 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 | $0.05 | $0.06 | $0.00 | $0.05 | $0.05 | $0.00 | $0.21 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.46 |
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.63 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.61 |
| 2022 | $0.06 | $0.06 | $0.05 | $0.04 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.62 |
| 2021 | $0.00 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.12 | $0.68 |
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 I. 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 I was 24.62%, occurring on Mar 24, 2020. Recovery took 179 trading sessions.
The current Franklin Templeton SMACS: Series I drawdown is 0.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -24.62%Mar 2020 | 29d | 8mo 18d | 9mo 17dFeb 2020 - Dec 2020 |
Bear market2022 | -18.81%Oct 2022 | 9mo 20d | 1y 8mo | 2y 6moJan 2022 - Jul 2024 |
2025 selloff2025 | -4.70%Apr 2025 | 6mo 10d | 1mo 17d | 7mo 27dOct 2024 - May 2025 |
2019 pullback2019 | -4.66%Dec 2019 | 2mo 8d | 18d | 2mo 26dSep 2019 - Dec 2019 |
2019 pullback2019 | -2.59%Aug 2019 | 1mo 21d | 1mo 3d | 2mo 24dJun 2019 - Sep 2019 |
Drawdown Indicators
| FQTIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.62% | -56.78% | +32.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -9.10% | +6.90% |
Max Drawdown (3Y)Largest decline over 3 years | -6.42% | -18.90% | +12.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.81% | -25.43% | +6.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.80% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -10.71% | +6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.03% | -1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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