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Franklin Strategic Income Fund (FRSTX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

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.

Looking to diversify beyond FRSTX? The mutual funds below have the lowest correlation with FRSTX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FRSTX.

Best Diversifiers for FRSTX

6 mutual funds have low correlation with FRSTX (below 0.3), 1 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.08, down from 0.19 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NWXEX
Nationwide Strategic Income A-0.080.190.19
99
Multisector BondsFRSTX vs NWXEX
NWXHX
Nationwide Amundi Strategic Income Fund0.020.230.20
99
Multisector BondsFRSTX vs NWXHX
CBRDX
CrossingBridge Responsible Credit Fund0.050.14—
70
Multisector BondsFRSTX vs CBRDX
CBLDX
CrossingBridge Low Duration High Yield Fund0.090.190.23
97
Multisector BondsFRSTX vs CBLDX
CRMVX
Potomac Managed Volatility Fund0.190.470.31
70
Multisector BondsFRSTX vs CRMVX
See all 21 diversifiers for FRSTX

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