Franklin Strategic Income Fund (FRSTX)
Under normal market conditions, the fund invests at least 65% of its assets in U.S. and foreign debt securities, including those in emerging markets. Debt securities include all varieties of fixed, variable and floating rate income securities, including bonds, U.S. and foreign government and agency securities, corporate loans (and loan participations), and mortgage-backed securities and other asset-backed securities.
Fund Info
| ISIN | US3547135059 |
|---|---|
| CUSIP | 354713505 |
| Issuer | Franklin Templeton Investments |
| Inception Date | May 23, 1994 |
| Category | Multisector Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
FRSTX features an expense ratio of 0.89%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Strategic Income Fund, 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 Strategic Income Fund had a return of 4.73% year-to-date (YTD) and 9.69% in the last 12 months. Over the past 10 years, Franklin Strategic Income Fund had an annualized return of 1.82%, while the S&P 500 had an annualized return of 10.67%, indicating that Franklin Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.73% | 15.73% |
| 1 month | 1.34% | 6.43% |
| 6 months | 4.55% | 8.14% |
| 1 year | 9.69% | 22.75% |
| 5 years (annualized) | 1.45% | 13.18% |
| 10 years (annualized) | 1.82% | 10.67% |
Monthly Returns
The table below presents the monthly returns of FRSTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.14% | -0.58% | 0.99% | -1.55% | 1.38% | 0.88% | 1.85% | 1.22% | 4.73% | ||||
| 2023 | 3.01% | -1.19% | 1.62% | 0.62% | -0.84% | 0.26% | 0.64% | -0.10% | -1.46% | -1.11% | 3.99% | 2.86% | 8.42% |
| 2022 | -1.65% | -1.99% | -1.59% | -2.76% | -0.50% | -3.47% | 2.66% | -1.24% | -3.57% | 0.14% | 3.19% | -0.25% | -10.72% |
| 2021 | 0.08% | -0.24% | -0.57% | 1.03% | 0.60% | 0.81% | 0.28% | 0.49% | -0.23% | -0.23% | -1.08% | 1.18% | 2.13% |
| 2020 | 1.29% | -0.69% | -10.12% | 1.53% | 4.04% | 1.67% | 1.97% | 0.86% | -0.33% | -0.05% | 2.55% | 1.43% | 3.49% |
| 2019 | 2.65% | 0.90% | 1.21% | 0.47% | 0.05% | 1.41% | 0.36% | 0.45% | -0.17% | -0.38% | 0.04% | 0.92% | 8.17% |
| 2018 | 0.10% | -1.02% | 0.00% | -0.21% | 0.01% | -0.16% | 0.90% | 0.38% | 0.38% | -1.08% | -0.47% | -0.69% | -1.87% |
| 2017 | 0.53% | 1.26% | 0.12% | 0.73% | 0.52% | -0.09% | 0.82% | 0.31% | 0.01% | 0.31% | -0.09% | 0.00% | 4.50% |
| 2016 | -0.96% | -0.29% | 2.74% | 1.64% | 0.37% | 1.02% | 1.62% | 0.97% | 0.22% | 0.41% | -1.25% | 1.29% | 7.98% |
| 2015 | 0.16% | 1.38% | -0.71% | 1.08% | -0.02% | -1.44% | -0.63% | -1.56% | -1.80% | 1.80% | -0.82% | -1.69% | -4.26% |
| 2014 | -0.04% | 1.52% | 0.45% | 0.47% | 1.18% | 0.42% | -0.59% | 0.91% | -1.26% | 0.55% | -0.32% | -1.61% | 1.67% |
| 2013 | 0.63% | 0.45% | 0.54% | 1.45% | -1.22% | -2.09% | 0.85% | -1.07% | 1.54% | 1.81% | 0.02% | 0.32% | 3.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FRSTX is 80, placing it in the top 20% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin Strategic Income Fund (FRSTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin Strategic Income Fund granted a 4.50% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.35 | $0.34 | $0.37 | $0.43 | $0.40 | $0.22 | $0.24 | $0.44 | $0.64 | $0.55 |
Dividend yield | 4.50% | 4.54% | 4.36% | 3.62% | 3.93% | 4.47% | 4.32% | 2.25% | 2.48% | 4.81% | 6.40% | 5.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Strategic Income Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.25 | |||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.35 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.34 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.43 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.40 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.24 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.44 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.06 | $0.06 | $0.19 | $0.64 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.13 | $0.55 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Strategic Income Fund. 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 Strategic Income Fund was 19.15%, occurring on Nov 21, 2008. Recovery took 168 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.15% | May 21, 2008 | 129 | Nov 21, 2008 | 168 | Jul 27, 2009 | 297 |
| -17.63% | Feb 24, 2020 | 22 | Mar 24, 2020 | 166 | Nov 17, 2020 | 188 |
| -14.83% | Sep 20, 2021 | 275 | Oct 20, 2022 | 459 | Aug 20, 2024 | 734 |
| -9.84% | Jul 21, 1998 | 30 | Aug 31, 1998 | 59 | Nov 20, 1998 | 89 |
| -9.74% | Aug 28, 2014 | 367 | Feb 11, 2016 | 139 | Aug 30, 2016 | 506 |
Volatility
Volatility Chart
The current Franklin Strategic Income Fund volatility is 0.56%, 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.